Steel Containers Market Research Report Information By Capacity Type (Less than 2 liter, 2-10 liter, 10-20 liter, 20-50 liter, 50-100 liter and More than 100 liter), By Product Type (Jars, Cans, Canister, Bottles, Drums, Kegs and IBC's), By End User (Food (Dairy products, Honey, Grains, Sugar, Others), Beverage (Alcoholic Beverages (Beers, Spirits), Non-Alcoholic Beverages (Tea & Coffee), Household, Chemicals and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Steel Containers Market Overview:

Steel Containers Market Size was valued at USD 114.8 Billion in 2022. The steel containers market industry is projected to grow from USD 118.82 Billion in 2023 to USD 156.46 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.50% during the forecast period (2024 - 2032).  A significant market driver that could fuel the expansion of steel containers is the rising need for steel containers in the food industry for use in the handling, storage, and transportation of various food items.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Steel Containers Market Trends

Growing demand for ship-borne cargo transportation is driving the market growth

The steel container market expanded as a result of a rise in the demand for ship-borne cargo transportation. Due to advantages over other modes of transportation, including cost effectiveness and a more secure method of carrying products, there is an increasing demand for the movement of cargo by waterways. For instance, in September 2022, the European Union's statistics agency, Eurostat, with headquarters in Luxembourg, reported that the volume of road freight in Europe rose by 6.5% between 2020 and 2021, mostly due to robust growth in all types of operations. Furthermore, the International Air Transport Association reported in July 2021 that a disruption in the supply chain led to an increase in worldwide air cargo rates of 2.795/kg, or 55.9%, in 2020 compared to 2019. Furthermore, ships are able to transport more cargo between locations quickly. The market for steel containers is then anticipated to rise as a result.

Steel container markets are driven by technological developments that increase the usefulness and effectiveness of these containers. Innovative tracking and monitoring technologies can be installed on modern steel containers. The location, temperature, humidity, and security status of the container are all provided in real-time by these systems using GPS, RFID (Radio-Frequency Identification), and IoT (Internet of Things) technology. Because it enables businesses to monitor the movement and condition of their products throughout delivery, this level of visibility is essential for supply chain management. Additionally, IoT sensors can keep an eye on the state of the container and notify the operators of problems like temperature changes, shocks, or unlawful access. This proactive monitoring makes sure that goods arrive in top shape and helps prevent harm to delicate cargo.

In the context of storage and logistics, the growth of e-commerce is a key market driver for steel containers. E-commerce companies need a lot of warehouse space to keep their merchandise. A useful alternative for warehousing is the use of steel storage containers, which frequently take the form of shipping containers or specialized storage units. They are strong, stackable, and easily adaptable to produce effective storage areas. Additionally, steel containers make it possible for online retailers to effectively control their stock. The ability to keep several product categories in these containers makes it simpler to track down and retrieve things as needed. For the prompt fulfillment of online orders, this is essential. Furthermore, the "last mile" delivery to the customer is frequently a part of logistics for e-commerce. To speed up last-mile delivery, steel containers can be utilized to consolidate and carry commodities to local delivery hubs and distribution centers. Thus, driving the Steel Storage Containers market revenue.

Steel Containers Market Segment Insights:

Steel Containers Capacity Type Insights

The Steel Containers Market segmentation, based on capacity type includes 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 dominated the market. Mid-sized steel containers are those with a capacity of 20 to 50 liters. They are useful for many different things because they find a balance between portability and capacity. Liquids, chemicals, lubricants, and tiny amounts of bulk materials are frequently stored and transported in these containers in industrial and commercial contexts.

Steel Containers Product Type Insights

The Steel Storage Containers Market segmentation, based on product type, includes Jars, Cans, Canister, Bottles, Drums, Kegs and IBC's. The drums category generated the most income. For industrial packaging, steel drums are frequently used, particularly for chemicals, lubricants, solvents, and hazardous goods. Their durability and capacity to carry and keep a variety of substances securely are factors in their selection. Steel drums are offered in a variety of dimensions and liquid volume capacities, commonly ranging from 55 gallons (208 liters) to smaller dimensions like 20, 30, or 55 liters.

Figure 1: Steel Containers Market by Product Type, 2022 & 2032 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Steel Containers End User Insights

The Stainless Steel Food Containers Market segmentation, based on end user, includes Food (Dairy products, Honey, Grains, Sugar, Others), Beverage (Alcoholic Beverages (Beers, Spirits), Non-Alcoholic Beverages (Tea & Coffee), Household, Chemicals and Others. The beverage category generated the most income. In the market for steel containers, the beverages sector includes the use of steel containers for the packing, storage, and transportation of a variety of liquid beverages. Both alcoholic and non-alcoholic beverages are packaged in steel containers. They are frequently used for goods including beer, wine, spirits, fruit juices, soft drinks, and energy drinks.

Steel Containers Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American steel containers market area will dominate this market. During the projected period, there is anticipated to be a significant increase in demand for steel containers due to the ongoing expansion of end-use industries. While Canada is predicted to see the steel containers market's highest growth rate during the forecast period, the U.S. is anticipated to be very attractive in terms of market share.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: Steel Containers Market Share By Region 2022 (USD Billion)Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe steel containers market accounts for the second-largest market share. The key factors driving the growth of the Europe steel containers market in the forecast period are the increased demand for effective & efficient containers for the storage & shipping of such products. Further, the German steel containers market held the largest market share, and the UK steel containers market was the fastest growing market in the European region

The Asia-Pacific Steel Containers Market is expected to grow at the fastest CAGR from 2023 to 2032 because of the existence of expanding economies, rising disposable income, and brisk growth in the food, beverage, and chemical industries. China is anticipated to have a lead in terms of steel containers market share over the projection period, while ASEAN and India, which are expected to dominate the market, are also expected to develop significantly. Moreover, China’s steel containers market held the largest market share, and the Indian steel containers market was the fastest growing market in the Asia-Pacific region.

Steel Containers Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Stainless Steel Containers market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, steel containers industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global steel containers industry to benefit clients and increase the market sector. In recent years, the steel containers industry has offered some of the most significant advantages to medicine. Major players in the Steel Storage Containers market are attempting to increase market demand by investing in research and development operations includes Supermonte Group Italy, Inc., Unique Steel, Eagle Stainless, Ability Fabricators Inc., SCHÄFER Container Systems, Eco Imprints, Inc., Müller GmbH, Thielmann - The Container Company, La Nuova Sansone S.r.l. and WADA STAINLESS INDUSTRY CO., LTD.

Nearly every global pharmaceutical and biotechnology firm has a long-standing association with Eagle Stainless dating back to 1990. It produces cutting-edge stainless steel bottles, process and pressure vessels, as well as bottles for stability testing. The company's product portfolio consists of stainless steel tanks, stainless steel drums, and tanks, as well as ASME pressure vessels, biological testing bottles, stainless steel containers, and stainless steel containers.   According to the needs of the client, Eagle Stainless can engineer customized modifications to the existing items or an entirely new product.

As a full-service supplier, SCHFER Container Systems has the correct reusable KEG for any beverage, whether it is beer, wine, soft drinks, coffee, or water. SCHFER KEGs are employed by both internationally recognized beverage makers and small regional firms all over the world. It makes only reusable goods out of high-quality stainless steel. Take advantage of the complete services encompassing KEG branding, volume reduction, KEG configuration through App, and much more.

Key Companies in the steel containers market include

• Supermonte Group Italy, Inc.


• SCHÄFER Container Systems


• Unique Steel


• Eagle Stainless


• Ability Fabricators Inc.


• Eco Imprints, Inc.


• Müller GmbH


• Thielmann - The Container Company


• La Nuova Sansone S.r.l.


• WADA STAINLESS INDUSTRY CO.,LTD.

Steel Containers Industry Developments

July 2020: The New York-based company CAN-Pack SA stated in July 2020 that the relationship with Poland-based Special would be extended in order to develop new designs for the brand that are motivated by the logos of neighborhood malt houses, printing houses, brewers, and barleys.

Steel Containers Market Segmentation

Steel Containers Capacity Type Outlook (USD Billion, 2018-2032)

• Less than 2 Liter


• 2-10 Liter


• 10-20 Liter


• 20-50 Liter


• 50-100 Liter


• More than 100 Liter

Steel Containers End User Outlook (USD Billion, 2018-2032)

• Food




• Dairy products


• Honey


• Grains


• Sugar


• Tea & Coffee


• Others




• Beverage




• Alcoholic Beverages




• Beers


• Spirits




• Non-Alcoholic Beverages




• Household


• Chemicals






• Others

Steel Containers Product Type Outlook (USD Billion, 2018-2032)

• Jars


• Cans


• Canister


• Bottles


• Drums


• Kegs


• IBC's

Steel Containers Regional Outlook (USD Billion, 2018-2032)

• 
  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America