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 and Similar Container Manufacturing industry is expected to generate revenue of £104.6 million in 2012-13, up 0.5% compared with 2011-12. The domestic market for steel containers is estimated to total £175 million in 2012-13, up 1.0%... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is expected to continually underperform the UK economy in the 10 years through 2017-18. During this period, IBISWorld estimates that industry value added will decrease at an annualised 9.2%, while GDP will grow at an annualised 1.0%. Furthermore, there will be decreases in industry revenue and the numbers of enterprises and employees in the industry.
According to a submission by Greif UK Ltd to the Competition Commission in March 2007, 'the steel drum has been in use for over 80 years and is now approaching the end of its life cycle. Alternative industrial packaging products have emerged in recent years offering similar or better performance with added advantages such as more efficient supply chain management and lower transportation costs'... purchase to read more