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 Key Buyers Chapter
The Steel Drum and Similar Container Manufacturing industry has a medium level of concentration. The top four players are estimated to account for 61.1% of industry revenue in 2016-17. The industry is dominated by Greif UK Ltd, a globalised company that contributes 42.1% of industry revenue, far more than any other player. Smaller manufacturers do exist, but the dominance of Greif UK Ltd and the high level of import competition make it a difficult business environment for them to operate in. Furthermore, the majority of the industry's clients are large globalised companies that tend to favour established packing companies, often associating small manufacturers with unreliable service.
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