In 2023, Germany led the European steel drums and similar containers market with a turnover of 747.1 million euros, followed by Poland and Italy with 653.3 and 513.9 million euros respectively. Significant growth was seen in Serbia with a 71.32% increase, while Finland experienced a notable decline of 12.4%. Belgium, Czech Republic, Hungary, and Portugal showed positive trends, while most major markets like Germany, Poland, and Spain recorded slight declines. Over the last two years and the five-year CAGR, these variations suggest market stability with pockets of growth and challenges.
Future trends to watch include technological advancements in production, sustainability initiatives, and regulatory changes impacting the industry. Growth opportunities may arise in Eastern European markets, with increasing demand for packaging solutions in rapidly industrializing regions.
Top countries in Steel Drums and Similar Containers Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 747.1 | 2023 | +4.56% | -0.37% | View data |
| 2 | 2 Poland | 653.3 | 2023 | +1.97% | -1.2% | View data |
| 3 | 3 Italy | 513.9 | 2023 | +3.69% | -0.25% | View data |
| 4 | 4 Spain | 231.7 | 2023 | +5.37% | -2.01% | View data |
| 5 | 5 France | 218.5 | 2023 | -0.18% | -2.22% | View data |
| 6 | 6 United Kingdom | 193.6 | 2023 | +1.31% | -0.32% | View data |
| 7 | 7 Belgium | 148.8 | 2023 | +8.14% | +2.91% | View data |
| 8 | 8 Czech Republic | 118.9 | 2023 | +12.28% | +3.91% | View data |
| 9 | 9 Hungary | 55.7 | 2023 | +4.9% | +3.02% | View data |
| 10 | 10 Portugal | 55.6 | 2023 | +1.83% | +4.32% | View data |
