The global Steel Containers Market size is expected to reach USD 155.12 Billion in 2032. The steel containers market is growing rapidly.
As per FMI Analysts, the global Steel containers market is estimated to be valued at USD 115.43 Billion in 2022 and is projected to increase at a CAGR of 3.0% in the forecast period from 2022 to 2032.
| Report Attribute | Details |
|---|---|
| Steel Containers Market Estimated Base Year Value (2021) | USD 112.06 Billion |
| Steel Containers Market Expected Market Value (2022) | USD 115.43 Billion |
| Steel Containers Market Anticipated Forecast Value (2032) | USD 155.12 Billion |
| Steel Containers Market Projected Growth Rate (2022 to 2032) | 3.0% CAGR |
Containers made of stainless steel are used for the transportation, storage, and handling of a variety of food, drinks, and other products. Steel containers are strong, easy to handle, and anti-corrosive in nature which makes them ideal for preventing contamination caused by moisture and other environmental factors.
A thick wall finish makes steel containers highly suitable for storing products such as pulses, nuts, cookies, tea, and coffee. Steel containers are offered in product types such as jars, cans, canisters, bottles, drums, kegs, and IBCs. They are available in different sizes and shapes.
It is expected that containers will witness a significant increase in steel containers over the forecast period. The increasing demand for steel containers in the food industry for the storage, handling, and transportation of various food items could drive the growth of steel containers.
Kegs are commonly used for packaging beer and spirits; cans and bottles are used for carbonated beverages, while oil is commonly packed in steel containers, fueling the market for steel containers in the industry.
Steel containers are extensively used as reactors in chemical industries because of their excellent isolation from external particles, ability to maintain the properties of chemical products, and inert nature.
This feature is likely to push the growth of the global steel containers market in the forecast period. In addition, during the forecast period, the greater use of steel containers as household containers is foreseen to propel the growth of steel containers.
In the Asia Pacific except for Japan (APEJ), new economies are emerging, disposable income is increasing, and the food, beverage, and chemicals industries are growing rapidly, making this region a lucrative market for steel containers during the forecast period.
The market in ASEAN countries and India is expected to display notable growth in steel containers during the forecast period, whereas China is expected to maintain its leadership position.
North America is expected to register a significant growth rate in the steel containers market during the forecast period. Continuous expansions of end-use industries are expected to strongly drive the steel containers market growth. The USA is expected to have the greatest share of the market during the forecast period, while Canada is expected to register the highest growth rate.
Steel container sales in Western Europe are projected to grow during the forecast period due to the high growth rate of chemical, food, and beverage industries in the region along with the rising demand for effective and efficient steel containers for storage and shipping.
In order to cater to the divergent needs of individual customers, various manufacturer of steel containers is offering specialized steel containers with specific application-specific sizes and designs alongside their smooth finishing options that will make use for a more engaging experience for consumers.
During the second half of this year, Can-Pack SA extended its partnership with Polish company Special to push forward its collaboration and create new designs that reflected the identities of the regional malt houses, regional breweries, regional barleys, regional printing houses, and regional barleys.
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The steel containers market has received a lot of traction in the industry. Growing demand for steel containers in the food industry to handle, store, and ship various food products is likely to drive the growth of steel containers over the forecast period.
Kegs for the packaging of drinks, cans, and bottles for carbonated beverages, and oil bottles for carbonated beverages are likely to drive the growth of steel containers during the forecast period.
As a result of excellent particle isolation, the chemical products keep their properties and the inert nature of the steel container, the steel containers are widely used in chemical industries as reactors. This factor is likely to drive the growth of the global steel containers market during the forecast period.
The market is foreseen to be boosted by the increasing use of steel containers for household purposes, which is predicted to propel the demand for steel containers during the forecast period.
Steel containers are manufactured from different stainless-steel grades and custom designed for holding, shipping, and handling your food, beverages, and other products.
They have a rugged design, high strength, anti-corrosion properties, and airtight finishes that make them ideal for protecting your product from moisture contamination. Foldable steel containers have become more popular as global trade grows
Due to their thick wall finish, they are suitable for storing foods like pulses, nuts, cookies, tea, coffee, and others. steel container types include jars, cans, canisters, bottles, drums, kegs, and IBCs. steel containers are available in various shapes and sizes, and they are highly recyclable. Overall, the global steel container market statistics should stay positive over the forecast period.
The Asia Pacific Excluding Japan (APEJ) is forecasted to grow to be a lucrative market for the steel containers market during the forecast period owing to the presence of emerging economies, increasing disposable income, and robust growth of the food, beverage, and chemical industries.
During the forecast period, the steel containers market is likely to be dominated by ASEAN and India exhibiting a noteworthy growth rate, but China is projected to have a lead in terms of steel containers market share.
Being a major shareholder in the market, North America is also expected to register a high growth rate in the steel containers market.
The continuous expansion of end-use industries is projected to generate substantial demand for steel containers, while the USA is expected to control a large share of the market, while Canada is expected to register the highest growth rates in the steel containers market.
Due to the high growth rate of the chemical, beverage, and food industries in Western Europe, and the escalating demand for storage and shipping of these products, the Western Europe steel containers market is projected to grow steadily during the forecast period.
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Some of the leading companies operating in the global steel containers market include Supermonte Group Italy, Inc., SCHÄFER Container Systems, Unique Steel, Eagle Stainless, Ability Fabricators Inc., Eco Imprints, Inc., Müller GmbH, Thielmann - The Container Company, La Nuova Sansone S.r.l., WADA STAINLESS INDUSTRY CO LTD
Steel containers are designed and manufactured according to applications' specific aspects and factors, along with smooth options for finishing to provide their customers with a better customer experience. Each steel container manufacturer offers their customers unique design and size options, generating lucrative opportunities for the growth of the steel containers market.
The New York-based company, CAN-Pack SA, announced in July 2020 that the partnership with Poland-based Specjal would be extended in order to come up with new designs for the brand that are inspired by the logos of regional malt houses, regional breweries, regional barleys, regional printing houses, and regional barleys.
This is the first time that Ball Corporation, which was established in 1873, has signed a contract with Envases del Plata SA to start selling its tinplate steel aerosol packaging capacity in San Luis and Garin, Argentina.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 3.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million, Volume in Kilotons, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Product Type, Capacity Type, End User, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific Excluding Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Spain, Italy, Russia, Poland, Australia, New Zealand, China, India, South Korea, Thailand, Malaysia, Vietnam, Indonesia, GCC Countries, Turkey, South Africa, North Africa |
| Key Companies Profiled | Supermonte Group Italy, Inc.; SCHÄFER Container Systems; Unique Steel; Eagle Stainless; Ability Fabricators Inc.; Eco Imprints, Inc.; Müller GmbH; Thielmann - The Container Company; La Nuova Sansone S.r.l.; WADA STAINLESS INDUSTRY CO LTD |
| Customization | Available Upon Request |
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The global steel containers market is set to exceed USD 155.12 Billion in 2032.
The USA is projected to lead the steel containers market in the forecast period.
Supermonte Group Italy, Inc., SCHÄFER Container Systems, Unique Steel, and Eagle Stainless are some of the renowned companies in the steel containers market.
1. Executive Summary | Steel Containers Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Product Type 5.1. Jars 5.2. Cans 5.3. Canister 5.4. Bottles 5.5. Drums 5.6. Kegs 5.7. IBCs 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Capacity Type 6.1. Less than 2 liter 6.2. 2 - 10 liter 6.3. 10 - 20 liter 6.4. 20 - 50 liter 6.5. 50 - 100 liter 6.6. More than 100 liter 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 7.1. Food 7.1.1. Dairy products 7.1.2. Honey 7.1.3. Grains 7.1.4. Sugar 7.1.5. Tea & Coffee 7.1.6. Others 7.2. Beverage 7.2.1. Alcoholic Beverages 7.2.2. Non-Alcoholic Beverages 7.3. Household 7.4. Chemicals 7.5. Others 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. Middle East and Africa 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. SCHÄFER Container Systems 16.2. Unique Steel 16.3. Eagle Stainless 16.4. Ability Fabricators Inc. 16.5. Eco Imprints, Inc. 16.6. Müller GmbH 16.7. Thielmann - The Container Company 16.8. La Nuova Sansone S.r.l. 16.9. WADA STAINLESS INDUSTRY 17. Assumptions & Acronyms Used 18. Research Methodology
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Steel Containers Market
