The global steel containers market is anticipated to increase at a CAGR of 3.0% across the forecast period from 2022 to 2032 by registering a healthy CAGR of 3.0%. The global market was valued at US$ 115.43 Billion in 2022 to reach US$ 155.12 Billion in 2032. The steel containers market is growing rapidly.
Containers are constructed of stainless steel used for transportation, storage, and efficient handling of a variety of food, drinks, and several other products. Furthermore, 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.
Steel containers are extensively utilized 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.
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Key Takeaways
- The steel containers market has recently received immense traction in the industry. Augmenting demand for steel containers within the food industry is predicted 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.
- Attributing to its 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 global market is foreseen to be bolstered by the increasing use of steel containers for household purposes, which is predicted to propel the demand for steel containers during the assessment period.
- Steel containers are expected to be 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. Furthermore, owing 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, and kegs. Overall, the global steel container market statistics should stay positive over the forecast period.
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Competitive Landscape
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.
More Insights into the Steel Containers Market
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 American region is predicted to register a significant growth rate of 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 U.S. 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.
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.
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
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