Metal Drum, Can and Bin Manufacturing in Australia - Industry Market Research Report

Metal Drum, Can and Bin Manufacturing in Australia - Industry Market Research Report

Metal Drum, Can and Bin Manufacturing in Australia

The Metal Drum, Can and Bin Manufacturing industry has been subject to challenging conditions, which has caused manufacturers' performance to take a hit. Rising input costs have hiked up manufacturers' purchase costs, and strong price competition within the industry has made it difficult for manufacturers to pass these higher costs along the supply chain. Manufacturers produce a range of metal can products for various downstream markets, including food and beverage manufacturing. After the COVID-19 outbreak, restrictions on movement and operations caused patronage at bars, pubs and restaurants to drop. This trend placed downward pressure on revenue, since demand from food and beverage manufacturing drastically decreased – people were no longer consuming as many canned beverages on-premises, and off-premise sales were insufficient to make up the difference. Even though panic buying at the start of the pandemic inflated demand for canned foods, poor economic conditions still dampened industry performance. Revenue is expected to fall at an annualised 2.3% to an estimated $2.1 billion over the five years through 2022-23. This trend includes an expected decrease of 3.9% in the current year, as lower soft drink and alcohol consumption have dampened demand. However, profit margins have been climbing because of lower revenue and greater manufacturing efficiencies through automated technology.

This industry consists of companies that manufacture metal containers like bins, cans and drums for use in a variety of applications. The industry excludes products like metal boilers, tanks and other heavy gauge metal containers.

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.