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Steel Drum & Similar Container Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Steel Drum & Similar Container Manufacturing Market Research Report | SIC C25.910 | Sep 2016

Bottom of the barrel: Operators have faced competition from alternative packaging materials

The Steel Drum & Similar Container Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
Greif UK Ltd Greif UK Ltd market share
The Metal Drum Co Ltd The Metal Drum Co Ltd market share
Industry Statistics & Market Size
Revenue
£96m
Annual Growth 12-17
-2.4%
Annual Growth 17-22
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Profit
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Employment
476
Businesses
34
Industry Threats & Opportunities
  • Strong competition from alternative packaging materials has led to a decline in revenue
  • The depreciation of the pound is expected to benefit export activity
  • Firms that offer a diverse range of containers are expected to perform better than their competitors
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Industry Analysis & Industry Trends

Steel containers are used to protect, preserve and distribute raw materials and finished goods. They are often used in such a way that brand owners can promote their products. Steel containers make up a very small part of the overall packaging market. Industry manufacturers compete with alternative containers made of plastic or composite materials. They must continually innovate to bring down their costs and minimise the environmental footprint of their products by promoting reuse and recycling. The Steel Drum and Similar Container Manufacturing industry is expected to generate revenue of £96.2 million in 2016-17, down 2.8% on the previous year.

The domestic market for steel containers is estimated to be worth £168 million in 2016-17... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The steel drum has been in use for over 80 years and is now approaching the end of its life cycle. Substitute industrial packaging products have emerged in recent years offering similar or better performance with added benefits such as lower transportation costs and greater durability.

The industry is expected to continually underperform in comparison with the wider UK economy in the 10 years through 2021-22. During this period, IBISWorld estimates that industry value added will decline at a compound annual rate of 3.2%, while GDP is expected to grow at a compound annual rate of 2.3% over the same period. Furthermore, there is expected to be a decrease in industry revenue and the number of enterprises and employees operating in the industry.

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Additional Insights for the Steel Drum & Similar Container Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Steel Drum & Similar Container Manufacturing Industry are

  • Ability to pass on cost increases
  • Effective cost controls
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Business confidence index in the Steel Drum & Similar Container Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Steel Drum & Similar Container Manufacturing Industry?

    The Steel Drum and Similar Container Manufacturing industry includes operators that manufacture steel pails, cans, drums, buckets and boxes. It does not cover companies that manufacture metal tanks and reservoirs.

    Industry Products
    210-litre steel drumsOther steel drumsOther steel containers
     
    Industry Activities
    Manufacturing pailsManufacturing cansManufacturing drumsManufacturing bucketsManufacturing boxes


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Business confidence index
  • Demand from organic basic chemical manufacturing
  • World price of steel
  • Current Performance
  • Domestic conditions
  • Containing competition
  • Enterprises and profitability
  • Chart: Revenue Growth
  • Industry Outlook
  • Downstream industries
  • Competition
  • Industry consolidation
  • Profitability
  • Table: Steel Drum & Similar Container Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Steel Drum & Similar Container Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Basic Steel Processing
  • Key Selling Industries
  • Dye & Pigment Manufacturing
  • Fertiliser & Nitrogen Compound Manufacturing
  • Inorganic Basic Chemical Manufacturing
  • Manufacture of Oil-Based Lubricating Oils or Greases
  • Organic Basic Chemical Manufacturing
  • Paint, Coatings & Printing Ink Manufacturing
  • Pesticide & Other Agrochemical Manufacturing
  • Petroleum Refining
  • Primary Form Plastics Manufacturing
  • Products & Services
  • 210-litre steel drums
  • Other steel drums
  • Other steel containers
  • Chart: Steel Drum & Similar Container Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Chemical manufacturers
  • Lubricants, oils and additives producers
  • Pharmaceuticals manufacturers
  • Agricultural industry
  • Chart: Major Market Segmentation for the Steel Drum & Similar Container Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Utilities, rent and depreciation
  • Chart: Cost Structure Benchmarking – Sector vs Steel Drum & Similar Container Manufacturing
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Steel Drum & Similar Container Manufacturing Industry
  • Industry Globalization
    Major Companies
    Greif UK Ltd
    The Metal Drum Company Ltd
  • Table: Greif UK Ltd - financial performance
  • Table: The Metal Drum Company Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Steel Drum & Similar Container Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Steel Drum & Similar Container Manufacturing Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Closure
  • A device and technique used to close or seal a container.
  • Thermal Oxidation
  • A process used to remove residues when reconditioning drums.
  • Tinplate
  • A form of tin-coated steel used to manufacture some types of steel drums.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Steel Drum & Similar Container Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Steel Drum & Similar Container Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Steel Drum & Similar Container Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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