• Thu. Sep 22nd, 2022

Increased demand in the food and beverage industry to provide

ByStephanie M. Akbar

Aug 4, 2022

DUBAI, United Arab Emirates, Aug. 04, 2022 (GLOBE NEWSWIRE) — The global steel container market is expected to reach a value of US$155.12 billion by the end of 2032, with sales growing at a CAGR average growth of 3.0% for the forecast period from 2022 to 2032. The steel container market is expected to reach an estimated value of US$115.43 billion in 2022. Steel containers are easy to handle, strong and durable. anti-corrosion nature.

These properties are ideal for transporting, handling and storing a variety of products, including food and beverages, as they prevent contamination from external factors such as humidity and other environmental variables. This bodes well for the outlook for the steel container market.

Growing demand for steel containers in the food industry to handle, store and ship various food products is expected to be the major driver for the growth of steel containers over the forecast period.

Kegs for packaging beverages, cans, oil, and generic bottles for soft drinks are likely to drive the growth of steel containers during this observation period. Additionally, due to their thick-walled finish, they are ideal for storing household foods such as legumes, nuts, cookies, tea, coffee and more. Thus, the increasing use of steel containers for domestic purposes is also expected to boost the sales in the market.

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Steel containers are widely used in chemical industries as reactors. Due to their inert nature and excellent particle isolation, chemicals retain their properties. This factor is likely to increase the usage of steel containers in the chemical sector and hence drive the growth of the global steel containers market over the forecast period.

Steel containers are made from different grades of stainless steel and custom designed for the shipping, storage and handling of food, beverages and other products. They have high strength, rugged design, anti-corrosion properties and airtight finishes which make them ideal for protecting products from moisture and other environmental contamination.

Types of steel containers include jars, cans, drums, drums, bottles, drums and IBCs which are available in different shapes and sizes and are highly recyclable. All these factors contribute to the statistics of the global steel container market which are expected to remain positive during the forecast period.

“Anti-corrosion and excellent barrier properties are driving the use of steel containers across several industry verticals, which will likely increase steel container sales for the forecast period,” an analyst from the IMF.

Key points to remember:

  • High demand for food and beverages to propel market growth.
  • Sales in Western Europe are expected to increase over the assessment period.
  • North America is expected to show significant market growth over the forecast period.
  • The US market is expected to account for the largest market share, with Canada showing the highest growth rates.
  • The steel container market in ASEAN countries will show remarkable growth.

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Competitive landscape

Supermonte Group Italy, Inc., SCHAEFER Container Systems, Unique Steel, Eagle Stainless, Ability Fabricators Inc., Eco Imprints, Inc., Müller GmbH, Thielmann – The Container Company, La Nuova Sansone Srl and WADA STAINLESS INDUSTRY CO LTD, among others are some of the major Steel Containers market players which are profiled in the comprehensive version of the report.

Leading steel container manufacturers offer specialized steel containers with specific applications, sizes, and designs, along with their smooth finish options that will provide a more engaging experience for consumers. This will help meet the diverse needs of individual consumers. These companies also engage in strategic partnerships and collaborations that meet regional container requirements.

More information about the Steel Containers Market report

In its latest report, FMI offers an unbiased analysis of the Global Steel Container Market, providing historic data from 2015 to 2021 and forecast statistics from 2022 to 2032. To understand the potential, growth, and scope of the global market , the market is segmented on the basis of product type (jars, cans, canisters, bottles, kegs, drums, IBC), capacity type (less than 2 liters, 2-10 liters, 10-20 liters, 20-50 litres, 50-100 litres, over 100 litres), end user (food, dairy, honey, cereals, sugar, tea & coffee, other, beverages, alcoholic beverages, beers, spirits, soft drinks, household, chemicals , others) and region.

According to the latest IMF reports, based on regional growth, the Asia-Pacific ex-Japan (APEJ) region is expected to present lucrative market opportunities for the steel container market over the forecast period. This presentation is attributed to the presence of emerging economies, increasing disposable income and robust growth of food, beverage and chemical industries in this region. Moreover, the market is expected to be dominated by ASEAN countries. India, too, is expected to show a remarkable growth rate. However, China is likely to dominate in terms of steel container market share.

North America will account for a major share of the market with a high growth rate in the steel container market. The steady expansion of end-use industries is expected to generate substantial demand for steel containers. This will enhance the growth of the regional market. With the United States likely controlling a large share of the market, Canada is expected to witness the highest growth rates in the steel container market.

With the accelerated expansion of chemical, beverage and food industries in Western Europe and the growing demand for storage and shipping of these products, the Western Europe steel container market is expected to grow steadily over the forecast period. .

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Key segments profiled in the steel container market

By product type:

  • Jars
  • Cans
  • Box
  • bottles
  • Drums
  • barrels
  • IBC

By type of capacity:

  • Less than 2 liters
  • 2 – 10 liters
  • 10 – 20 liters
  • 20- 50 liters
  • 50 – 100 liters
  • More than 100 liters

Per end user:

  • Food
  • Dairy products
  • Honey
  • Cereals
  • Sugar
  • coffee tea

By region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • (APEJ)
  • Middle East and Africa

Contents

1. Summary

1.1. Global Market Outlook

1.2. Demand Side Trends

1.3. Supply-side trends

1.4. Analysis of the technology roadmap

1.5. Analysis and recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limits

3. Market Context

3.1. Market dynamics

3.1.1. Drivers

3.1.2. Constraints

To continue the table of contents…

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