Growing demand of steel container market demand in the food industry to handle, store, and ship diverse food goods is expected to drive at a CAGR of 3.50% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Steel Containers Market” that contains information from 2018 to 2032. The steel containers market is estimated to register a CAGR of 3.50% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global steel containers market - Supermonte Group Italy, Inc., Müller GmbH, Unique Steel, Eagle Stainless, Ability Fabricators Inc., SCHÄFER Container Systems, Eco Imprints, Inc., Thielmann - The Container Company, La Nuova Sansone S.r.l. and WADA STAINLESS INDUSTRY CO., LTD

Steel Containers Market Highlights

The global steel containers market is accounted to register a CAGR of 3.50% during the forecast period and is estimated to reach USD 156.46 billion by 2032.

Over the projection period, steel containers are anticipated to gain a lot of momentum. During the forecast period, the demand for steel containers is expected to expand due to the growing need in the food industry for handling, storing, and shipping a variety of food goods. Furthermore, during the forecast period, the use of kegs for packaging beer, spirits, carbonated beverages, and oil, as well as cans and bottles for these products, is expected to increase more widely. Steel containers are frequently employed as reactors in the chemical industry because of their superior isolation from outside particles, ability to preserve the chemical product's qualities, and inert nature. During the projected period, this aspect is likely to fuel the global steel container market's growth.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of steel containers market sales

Segment Analysis

The global steel containers market has been segmented based capacity type, product type and end user.

On the basis of capacity type, the market is segmented into Less than 2 liter, 2-10 liter, 10-20 liter, 20-50 liter, 50-100 liter and More than 100 liter. The 20-50 liter segment was attributed to holding the largest market share in 2022. They are helpful for a variety of purposes because they strike a compromise between portability and capacity. In industrial and commercial settings, these containers are widely used to store and transport liquids, chemicals, lubricants, and small volumes of bulk goods.

Based on product type, the global steel containers market has been segmented into Jars, Cans, Canister, Bottles, Drums, Kegs and IBC's. The drums segment was expected to hold the largest market share in 2022. Steel drums are commonly used for industrial packaging, particularly for chemicals, lubricants, solvents, and hazardous items. Their durability and ability to properly transport and store a variety of substances are important considerations in their selection.

On the basis of end user, the market is segmented into Food (Dairy products, Honey, Grains, Sugar, Others), Beverage (Alcoholic Beverages (Beers, Spirits), Non-Alcoholic Beverages (Tea & Coffee), Household, Chemicals and Others. The beverages segment was attributed to holding the largest market share in 2022. Steel containers are used in the beverage industry for the packing, storage, and transportation of a range of liquid beverages. Steel containers are used to package both alcoholic and non-alcoholic beverages.

Regional Analysis

The global steel containers market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe steel containers market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The steel containers market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World steel containers market comprises of Middle East, Africa, and Latin America.

The largest market share for steel containers was maintained by the North American regional sector. Steel containers are expected to be in high demand during the forecasted period as a result of the continued growth of end-use industries. Although the U.S. is likely to be extremely attractive in terms of market share, Canada is anticipated to experience the fastest growth rate in the steel containers market over the projection period.

Moreover, the Europe market has been persistently growing over the forecast period. Increased need for effective & efficient containers for the storage & shipment of such products is one of the major factors driving the growth of the Europe steel container market during the forecast period.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to expanding economies, rising disposable income, and rapid growth in the food, beverage, and chemical industries. Over the projection period, China is expected to hold a market share lead in steel containers.

Furthermore, the rest of the world's steel containers market is divided into the Middle East, Africa, and Latin America. The expansion of rest of the world steel container market is intimately linked to the region's economic situation. Economic stability and expansion can boost demand for many types of steel containers, such as storage containers, shipping containers, and industrial packaging.

Key Findings of the Study

• The global steel containers market is expected to reach USD 156.46 billion by 2032, at a CAGR of 3.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to rapid growth in the food, beverage, and chemical industries.


• Based on product type, the drums segment was attributed to holding the largest market in 2022, with an approximate market share of 35%.


• Supermonte Group Italy, Inc., Müller GmbH, Unique Steel, Eagle Stainless, Ability Fabricators Inc., SCHÄFER Container Systems, Eco Imprints, Inc., Thielmann - The Container Company, La Nuova Sansone S.r.l. and WADA STAINLESS INDUSTRY CO., LTD