Tinplate Packaging Market
Growth Factors of Tinplate Packaging Market
The tinplate packaging market size was valued at USD 1.59 billion in 2023, and the market is now projected to grow from USD 1.67 billion in 2024 to USD 2.65 billion by 2032, exhibiting a CAGR of 5.93% during the forecast period of 2024-2032.
The COVID-19 crisis to some extent affected this market, as consumers rush for essential food that has a longer shelf life. But it also had issues such as raw material constraints, interrupted packaging lines and shut stores for some periods. The consumers started consuming more packaged and processed foods and there was also a cut down in the infrastructural activities which hampered the tinplate packaging market growth.
An increase in the packaging demand in the food sector is boosting the sales of the tinplate packaging market share because of its capability to preserve packaged food items. It serves to shield products from light, moisture and oxygen enabling the shelf life of perishable goods such as canned foods. With the continued advancement in busy schedules, thinned-down food preparation through tinplate packaging enhances timeliness and safety. Development in online groceries also amplified the requirements for stiff hampers which again is fostering the demand for the tinplate.
Furthermore, the increasing awareness about the benefits of canned foods contributes to a significant market trend. Tinplate cans will prevent spoilage, oxidation, and contamination by bacteria from reaching any perishable food product and drinks since the cans have hermetic sealing. These cans help to retain the nutritional value, texture and flavour of the contents as they are made safely through a thorough process and traditional and technological methods of preservation. They are durable, convenient and environmentally friendly due to being recyclable thus making it easier for consumers as well as producers leading to increased demand in the market.
Comprehensive Analysis of Tinplate Packaging Market
The tinplate packaging market is experiencing rapid growth, driven by its market segmentation. This expansion allows for comprehensive regional analyses that take into account the key supply and demand dynamics influencing the packaging industry. These segmentations are methodically segregated by product type, by thickness, and by end-use. The product type include, cans, boxes & containers, pails and others. The thickness include, below 0.15mm, 0.15 to 0.30mm and more than 0.30mm. Lastly, by end-use industry, the segments are food [processed food, snacks, bakery & confectionary, edible oil, and others], beverage [alcoholic, non-alcoholic], paint, chemical, and others.
Asia Pacific region consumes the most tinplate packaging food because of the increasing disposable income, population and urbanization leading to increased canned foods consumption. Also, raising knowledge of eco-friendly packaging materials to avoid wastage is fueling the market’s expansion in the region as well.
The main manufacturers in the tinplate packaging industry are CPMC Holdings Limited (China), Tata Steel (India), AJ Packaging Limited (India), ColepPackaging (Portugal), ArcelorMittal (Luxembourg), Toyo Kohan Co., Ltd. (Japan), United States Steel Corporation (U.S.), Crown (U.S.), Italtin S.r.l. (Italy), Mauser Packaging Solutions (U.S.), Nampak Ltd. (South Africa), GM Metal Packaging Limited (China), Ton Yi Industrial (Taiwan), Hindustan Tin Works Ltd (India), and NCI Packaging (Australia).
In February 2024, China Baowu Steel Group was given the thumbs up by Chinese regulators for taking over CPMC Holdings, one of the major metal packaging firms. The takeover would enable China Baowu Steel Group to add customers to the metal canning industry, thereby boosting its profitability.
Segmentation Table
Global Tinplate Packaging Market Scope
Study Period 2019-2032
Base Year 2023
Forecast Period 2024-2032
Growth Rate CAGR of 5.93%from 2024 to 2032
Historical Period 2019-2022
Unit Value (USD Billion) and Volume (Billion Units)
Segmentation By Product Type, Thickness, End-use Industry, and Region
By Product Type - Cans
- Boxes & Containers
- Pails
- Others
By Thickness - Below 0.15mm
- 0.15 to 0.30mm
- More than 0.30mm
By End-use Industry - Food
- Processed Food
- Snacks, Bakery & Confectionary
- Edible Oil
- Others
- Beverage
- Paints
- Chemicals
- Others
By Region - North America (By Product Type, By Thickness, By End-use Industry, and Country)
- U.S. (By Product Type)
- Canada (By Product Type)
- Europe (By Product Type, By Thickness, By End-use Industry, and Country)
- Germany (By Product Type)
- U.K. (By Product Type)
- France (By Product Type)
- Italy (By Product Type)
- Spain (By Product Type)
- Russia (By Product Type)
- Poland (By Product Type)
- Romania (By Product Type)
- Rest of Europe (By Product Type)
- Asia Pacific (By Product Type, By Thickness, By End-use Industry, and Country)
- China (By Product Type)
- India (By Product Type)
- Japan (By Product Type)
- Australia (By Product Type)
- Southeast Asia (By Product Type)
- Rest of Asia Pacific (By Product Type)
- Latin America (By Product Type, By Thickness, By End-use Industry, and Country)
- Brazil (By Product Type)
- Mexico (By Product Type)
- Argentina (By Product Type)
- Rest of Latin America (By Product Type)
- Middle East & Africa (By Product Type, By Thickness, By End-use Industry, and Country)
- Saudi Arabia (By Product Type)
- U.A.E. (By Product Type)
- Oman (By Product Type)
- South Africa (By Product Type)
- Rest of the Middle East & Africa (By Product Type)
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