Steel Containers Market Analysis

Steel containers are expected to gain significant traction over the forecast period. The increasing demand for steel containers in the food industry for the handling, storage, and shipping of various food products is likely to drive the growth of steel containers during the forecast period. The growing acceptance of kegs for packaging of beers and spirits, cans and bottle for carbonated beverages and oil are likely to escalate the growth of steel containers during the forecast period. The steel containers are broadly used in chemical industries as reactor due to excellent isolation from external particles, maintains the properties of the chemical product, and inert nature. This factor is likely to push the growth of the global steel containers market during the forecast period. Also, the increasing use of steel containers for household purposes is foreseen to propel the growth of steel containers during the forecast period. Thus, the global steel containers market is projected to expand with notable CAGR during the forecast period.

Steel Containers Market: Segmentation

Steel Containers Market: Regional Outlook

Presence of emerging economies, increasing disposable income and robust growth rate of food, beverage, and chemical industries in the Asia Pacific excluding Japan (APEJ) is expected to make them lucrative region for the growth of steel containers market during the forecast period. ASEAN countries and India are likely to register a noteworthy growth rate while China is expected to be at forefront regarding the market share of steel containers market during the forecast period. North America is a significant shareholder of global steel containers market and likely to register a notable growth rate during the forecast period. The continuous expansion of end-use industries is expected to generate substantial demand for steel containers during the forecast period. The U.S. is expected to be highly attractive in terms of market share while Canada is likely to register the peak growth rate of steel containers market during the forecast period. The high growth rate of chemical, food and beverage industries in the Western Europe region. Also, the rising demand for effective & efficient containers for storage and shipping of such products are the key factors driving the growth of Western Europe steel containers market during the forecast period.

Steel Containers Market: Key Players

Steel Containers Market: Key Trend

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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