Tinplate Packaging Market Revenue to Attain USD 2.91 Bn by 2033

11 Dec 2024

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Table of Content

1. Tinplate Packaging Market Revenue and Trends 2023 to 2033 2. Market Overview 3. Report Highlights of the Tinplate Packaging Market 4. Tinplate Packaging Market Trends 5. Regional Outlook 6. Tinplate Packaging Market Coverage 7. Tinplate Packaging Market Key Players 8. Market News

Tinplate Packaging Market Revenue and Trends 2023 to 2033

The global tinplate packaging market revenue reached USD 1.73 billion in 2024 and is predicted to attain around USD 2.91 billion by 2033 with a CAGR of 5.97%. Growth in the tinplate packaging market is owing to increased consumer preference for environmentally friendly and recycled packaging material and the expansion of canned drinks and convenience foods, especially in emergent markets.

Market Overview

Tinplate is made from steel and gives a rigid and shiny look to a tinplate product to be used in packaging. Tinplate is employed in products such as beverages, non-food, and food products. Items of food nature include vegetables, processed fruits, and edible oil, which are food goods for tinplate packaging. Other goods and services include batteries, aerosol sprays, paints, and chemicals, which are non-food items. Tinplate is recognized as one of the economical, durable, and flexible packaging materials used for packaging products. Tinplate packaging is resistant to corrosion, has soldering capabilities, and is biodegradable.

Report Highlights of the Tinplate Packaging Market

• By product type, the cans segment held the largest market share in 2023. This is so because of the increase in demand for necessities of the features in cans, which include storage and protection, versatility, durability, and convenience. 
• By product type, the container segment is projected to witness significant growth in the market during the forecast period.  Tinplate containers are employed to pack food products, tobacco, paints, varnishes, medical and cosmetic articles, and many types of goods in general. 
• By thickness, the 0.15 to 0.30 mm segment held the largest market share in 2023. These sheets have a lower weight than thick dimensions and are utilized in the creation of lighter and portable packaging media.
• By thickness, the below 0.15 mm segment is projected to witness significant growth in the market during the forecast period. These sheets have several uses in various end-user industries, particularly in the packaging of personal care products and confectionery products, thus supporting the growth of this segment.
• By end-use industry, the food & beverage segment has contributed the largest share in 2023. Tinplate packaging is in great demand in the food industry because of its preservation, safety, and hygiene properties. 
• By end-use industry, the paints & coatings segment is projected to witness significant growth in the market during the forecast period.  There has been increasing urban and industrial development that has boosted the need for more structures, thus boosting the growth of the paint industry. The corrosion resistance property of tinplate pails will drive innovation in this segment.

Tinplate Packaging Market Trends

Sustainability Focus

Higher usage of packaging materials that are recyclable and environmentally friendly is prompting the use of recyclable tinplate. The brands are moving towards more sustainable and environmentally friendly solutions to satisfy the customers. The features of tinplate packaging, which are resource-efficient, recyclable, durable, protective, low-carbon, and easy to recycle, make it suitable for environment-aware consumers, manufacturers, and other stakeholders.

• In May 2024, Sonoco Products Co. launched its 11,000 Square Feet Sonoco Metal Packaging Technical & Engineering Center in Columbus Ohio as a strategic step for change in its Tinplate vane package market system. Provided direction to sustainable and efficient metal packaging, giving design and technical support and stimulating can makers and brand owners to move forward as an industry.

Increase in Canned Soft Drink and Ready to Cook Foods

Increase in the consumption and use of processed food and dairy products, beers, paints, aerosols, and so on, and new trends in the retail packaging sector throughout the world. The current trend that identifies the snack industry is that consumers are inclined towards, easy-to-prepare, fast foods that are also easy to handle. This type of packaging especially in cans offers a method of preserving such products through tinplate packaging.

Regional Outlook

Asia Pacific led the tinplate packaging market in 2023 and is observed to sustain its dominance during the forecast period. Asian region’s commercial significance stems from prompt urbanization, technological development, and growing disposable incomes. The increase in the growth is attributed to the demand from various end-use sectors such as food and beverages, personal care, and home appliances among others coupled with the availability of a strong production hub for a variety of consumer items in countries such as China, Japan, Indonesia, and India.

North America is observed to grow at the fastest rate in the tinplate packaging market during the forecast period. The strong market appearance of significant players in the food & beverage industry and increased canned food consumption in developed countries in the United States and Canada. Furthermore, several technological advancements in the manufacturing of tinplate include new coatings and surface treatment, which will enhance the efficiency and longevity of the tinplate, and hence, it is anticipated to force a significant growth of the tinplate market in the region at a rapid pace.

Tinplate Packaging Market Coverage

Tinplate Packaging Market Key Players

• AJ Packaging
• ArcelorMittal
• Berlin Packaging
• Colep Packaging
• CPMC Holdings
• JFE Steel
• Mauser Packaging Solutions
• NCI Packaging
• Nippon Steel
• Pirlo Holding
• POSCO
• Shandong Baosteel Industry
• Tata Steel
• Thyssenkrupp
• Toyo Kohan
• Trivium Packaging
• U.S. Steel Kosice

Market News

• In June 2024, Henkel introduced a novel metals pre-treatment method. This technology users in the metal business can reduce the number of steps in a process area where Henkel’s latest technology comes in handy, is the problem of cleaning and coating metal surfaces which are important for not only paint adhesion but also protection against corrosion.
• In July 2023, Tata Steel and its subsidiary Tinplate Company of India collaborated to recycle tin cans to minimize health and safety concerns. The extensive supply chain for the collection of tin cans for recycling was coordinated by the teams from the Tata Steel Company and included shredding and baling the cans.
• In February 2022, Chennai food startup BVC Biryani introduced a 99-minute delivery of biryani food in reusable tin containers. To maintain the quality, the firm provides farm-to-fork meat in only a few hours, which makes it meet high standards in the market.

Market Segmentation

By Product Type

• Cans
• Containers
• Pails
• Others

By Thickness

• Below 0.15mm
• 0.15 To 0.30mm
• More Than 0.30mm

By End-Use Industry

• Food and Beverage
• Packaged Food
• Beverages
• Dairy Products 
• Consumer Goods
• Paints and Coatings
• Chemicals and Lubricants
• Pharmaceuticals
• Others

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