Industry Analysis & Industry Trends
Steel containers are commonly used to protect, preserve and distribute raw materials and final goods, while also giving brand owners an opportunity to promote their products. Steel containers represent a very small part of the overall packaging market. Manufacturers of steel containers compete with alternative containers (such as plastic and composite containers) and must continually innovate to lower their costs while minimising the environmental footprint of their products by promoting re-use and recycling.
The Steel Drum & Similar Container Manufacturing industry is expected to generate revenue of £145.2 million in 2012-13, up 0.6% compared with 2011-12. The domestic market for steel containers is estimated to total £207.5 million in 2012-13, up 1.0%.. purchase to read more
Industry Report - Industry Products Chapter
Industry products can be classified by product type, weight and carrying capacity.
Steel drums are the major product in the industry accounting for an estimated 90% of industry revenue. According to the Industrial Packaging Association (IPA) the 210 litre (45 gallon) steel drum accounts for 86% by weight of the total quantity of steel drums manufactured in the United Kingdom. IBISWorld estimates that the 210 litre steel drums account for about 63% of the revenue from the sale of new steel drums, with smaller steel drums accounting for about 27%.
Other steel containers, including steel buckets and pails, are estimated to account for 10% of industry revenue. These containers have encountered significant competition from plastic substitutes and from imports... purchase to read more