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

Publisher IBISWorld
Published Nov 23, 2023
Length 74 Pages
SKU # IBSS18365467

Description

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.

Table of Contents

74 Pages

TABLE OF CONTENTS

ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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