Empty drum: Industry revenue is expected to shrink in 2023-24 due to competition from imports
The Steel Drum and Similar Container Manufacturing industry's revenue is expected to contract at a compound annual rate of 1.7% over the five years through 2023-24. The pandemic caused significant damage to downstream manufacturers, limiting the need for steel drums and containers. However, the industry benefitted from the swift recovery of downstream buyers like those in the food and drink sectors. Domestic steel drum and container manufacturers have struggled with steep competition from imports, with manufacturers in China benefitting from cheaper steel, labour and energy costs.
The Steel Drum and Similar Container Manufacturing industry includes operators that manufacture steel pails, cans, drums, buckets and boxes. It does not cover companies that manufacture metal tanks and reservoirs.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Greif UK Ltd
- The Metal Drum Company Ltd
Methodology
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