Drumming up demand: The weak pound has supported exports, limiting revenue decline

Steel containers are used to protect, preserve and distribute raw materials and finished goods. They are often used in such a way that brand owners can promote their products. Steel containers make up a very small part of the overall packaging market. Industry manufacturers compete with alternative containers made of plastic or composite materials. They must continually innovate to bring down their costs and minimise the environmental footprint of their products by promoting reuse and recycling. Industry revenue is expected to decline at a compound annual rate of 3.9% over the five years through 2018-19 to £92.2 million.The domestic market for steel containers is estimated to be worth £162.3 million in 2018-19...read more.

Industry Statistics & Market Size
Revenue
£92.2m
Annual Growth 14-19
-3.9%
Forecast Growth 19-24
Profit
Employment
465
Businesses
30

Industry Threats & Opportunities

  • Reconditioning used containers has provided significant competition and revenue has fallen
  • The industry is heavily trade reliant, with the largest proportion of imports being traded with China
  • Increasing industrial production is expected to somewhat support industry demand
  • Industry Report - Starting a New Business Chapter

    The Steel Drum and Similar Container Manufacturing industry exhibits high barriers to entry. Perhaps the largest barrier to entry is the level of capital needed to invest in manufacturing facilities of sufficient size to compete with Greif UK Ltd and, more importantly, imports.The level of competition in the industry is high and the dominance of Greif creates a difficult trading environment for new entrants to compete effectively. This is compounded by the fact that Greif and other participants have long running customer relationships, supply contracts and advanced industry knowledge as well as high levels of intellectual capital...purchase to read more.

    Additional Insights for the Steel Drum & Similar Container Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Steel Drum & Similar Container Manufacturing Industry are

  • Ability to pass on cost increases
  • Effective cost controls
  • Having links with suppliers
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Business confidence index in the Steel Drum & Similar Container Manufacturing industry impact industry performance..

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    What's in this report

    What is the Steel Drum & Similar Container Manufacturing Industry?

    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.

    Industry Products
  • 210-litre steel drums
  • Other steel drums
  • Other steel containers
  • Industry Activities
  • Manufacturing pails
  • Manufacturing cans
  • Manufacturing drums
  • Manufacturing buckets
  • Manufacturing boxes
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Business confidence index
  • Demand from organic basic chemical manufacturing
  • World price of steel

  • Current Performance
  • Domestic conditions
  • Imports and employment
  • Export trends
  • Enterprises and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream industries
  • Competitive pressure
  • Industry consolidation
  • International trade
  • Profit performance
  • Table: Steel Drum & Similar Container Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Steel Drum & Similar Container Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Basic Steel Processing

  • Key Selling Industries
  • Dye & Pigment Manufacturing
  • Fertiliser & Nitrogen Compound Manufacturing
  • Inorganic Basic Chemical Manufacturing
  • Manufacture of Oil-Based Lubricating Oils or Greases
  • Organic Basic Chemical Manufacturing
  • Paint, Coatings & Printing Ink Manufacturing
  • Pesticide & Other Agrochemical Manufacturing
  • Petroleum Refining
  • Primary Form Plastics Manufacturing

  • Products & Services
  • 210-litre steel drums
  • Other steel drums
  • Other steel containers
  • Chart: Steel Drum & Similar Container Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Chemical manufacturers
  • Lubricants, oils and additives producers
  • Pharmaceuticals manufacturers
  • Agricultural industry
  • Chart: Major Market Segmentation for the Steel Drum & Similar Container Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Steel Drum & Similar Container Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Steel Drum & Similar Container Manufacturing Industry

  • Industry Globalization
    Greif UK Ltd, The Metal Drum Company Ltd,
  • Table: Greif UK Ltd - financial performance
  • Table: The Metal Drum Company Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Steel Drum & Similar Container Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Steel Drum & Similar Container Manufacturing Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Closure
  • A device and technique used to close or seal a container.
  • Thermal Oxidation
  • A process used to remove residues when reconditioning drums.
  • Tinplate
  • A form of tin-coated steel used to manufacture some types of steel drums.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Steel Drum & Similar Container Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Steel Drum & Similar Container Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Steel Drum & Similar Container Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Steel Drum & Similar Container Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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