The global steel containers market stood at US$ 115.43 Billion in the year 2022 and is expected to reach US$ 155.12 Billion by the year 2032 at a CAGR of 3% between 2022 and 2032.
Stainless steel containers are used to transport, store, and handle a plethora of drinks, food, and various other products. The basic advantage is that they offer resistance to corrosion. Plus, thick wall finish does render steel containers conducive to storage of products like cookies, nuts, pulses, coffee, and tea. They could also be molded into diverse shapes and sizes.
Kegs are generally used to pack spirits and beers. Cans find their applications in carbonated beverages.
The anti-corrosive property of steel fills well with the chemical industry as steel containers could be used in the chemical industries as reactors. These days, the household containers are also preferred being made up of steel. The Asian economies like Japan, China, and India are hubs of chemical industries. As such, the Asia-Pacific is expected to grow inadvertently in the steel containers market in the forecast period.
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The food & beverage vertical also gets fortified by steel due to its chemically inert nature. Usage of steel guarantees retention to the food products in terms of quality and taste. Thus, proper particle isolation ought to take the steel containers market by storm in the upcoming period.
Steel containers are produced from diverse stainless steel grades and also custom—designed to hold, ship, and handle food, beverages, and various other products. Rugged design ensures that they do not develop cracks so easily.
These days, the end-consumers also prefer bathroom accessories like buckets and mugs of steel. There are two advantages offered over here – usage of plastics could be avoided and there won’t be anything to rust. In other words, brass and aluminum buckets are subject to rusting sue to continuous contact with water; but steel is free from all these.
Steel kitchen utensils have replaced the copper, brass, and aluminum utensils since long. Milk products like butter, buttermilk, and milk are always kept in either steel or porcelain containers as it is a known fact that aluminum induces poison to these products.
Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Steel Containers Market’. The indigenous team of analysts and consultants is there with its all-inclusive approach regarding primary, secondary, and tertiary modes of research.
“Anti-corrosive properties of steel are expected to create greater strides for the steel containers market in the near future”, says an analyst from Future Market Insights.
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Key Takeaways from Steel Containers Market
- North America and Europe are at the matured stage of steel containers market and the scenario is expected to remain the same even in the forecast period.
- The Asia-Pacific is expected to grow at a rapid pace in the steel containers market. This could be credited to expansion of food, beverage, and chemical verticals. China is the major producer of steel and would expect to continue with the winning streak even going forward.
- Coming to Europe, the western region dominates the market due to growing demand for storage and transportation of goods (that go well with the steel containers due to their durability).
Competitive Analysis
- CAN-Pack SA, in July 2020, did announce extension of its partnership with a Poland-based organization for coming up with novel designs for brand inspired by logos of regional breweries, regional malt houses, regional printing houses, and regional barley houses.
- Ball Corporation signed a contract with Envases del Plata SA for selling the tinplate steel aerosol packaging capacity at San Luis and Garin (Argentina).
- Eagle Stainless is known for providing CTH Series clip down closure containers designed with platinum-cured silicone gasket that makes way for water-/airtight seal.
What does the Report say?
- The research study is based on product type (jars, cans, canister, bottles, drums, kegs, and IBC’s), by capacity type (less than 2 liters, 2 – 10 liter, 10 – 20 liters, 20 – 50 liters, 50 – 100 liters, and more than 100 liters), and by end-user (food, dairy products, honey, grains, sugar, tea & coffee, beverage, alcoholic beverages, beers, spirits, non-alcoholic beverages, household, chemicals, and likewise).
- Steel containers market is expected to maintain its momentum based on the facts that they are sturdy, anti-corrosive, and simple to handle.
Key Segments Profiled in the Steel Containers Market
By Product Type:
- Jars
- Cans
- Canister
- Bottles
- Drums
- kegs
- IBC’s
By Capacity Type:
- Less than 2 liter
- 2 – 10 liter
- 10 – 20 liter
- 20- 50 liter
- 50 – 100 liter
- More than 100 liter
By End User:
- Food
- Dairy products
- Honey
- Grains
- Sugar
- Tea & Coffee
- Others
- Beverage
- Alcoholic Beverages
- Beers
- Spirits
- Non-Alcoholic Beverages
- Household
- Chemicals
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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