Tinplate Packaging Market Size, Share and Trends 2024 to 2034

Tinplate Packaging Market Size and Forecast 2024 to 2034

The global tinplate packaging market size is worth around USD 1.73 billion in 2024 and is projected to hit around USD 3.08 billion by 2034, growing at a CAGR of 5.97% from 2024 to 2034. The Tinplate Packaging Market is expected growth due to increasing consumer concerns, Environmental sustainability, and recyclability attributes, raising the prominence of food and beverage packaging.

Tinplate Packaging Market Key Takeaways

• Asia Pacific dominated the global market with the largest market share of 50% in 2023.
• North America is anticipated to witness the fastest growth in the market during the forecasted period.
• By product type, the cans segment contributed the highest market share of 56% in 2023.
• By product type, the containers segment is projected to grow at a significant CAGR during the forecast period.
• By thickness, the 0.15 to 0.30 mm segment held the largest market share in 2023.
• By thickness, the below 0.15 mm segment is expected to grow at the fastest CAGR during the projected period.
• By end-use industry, the food and beverage segment captured the biggest market share in 2023.
• By end-use industry, the paints and coatings segment is projected to grow at a significant CAGR during the forecast period.

AI Integration in the Tinplate Packaging Market

The use of artificial intelligence and automation is rapidly revolutionizing the tinplate beverage can packaging business. AI solutions improve production processes by predetermining when different components require repair or replacement, by monitoring the quality of the manufactured products in real-time, and by optimizing the flow of materials. With robotics in production and advanced manufacturing systems, the cost of labor is cut while accuracy in can-making increases. Many of these advancements are aimed at increasing efficiency, decreasing cost, and improving the uniformity of the end product, all of which are key goals of the industry where the consumer base and environmental concerns are ever-shifting.

Asia Pacific Tinplate Packaging Market Size and Growth 2024 to 2034

The Asia Pacific tinplate packaging market size is evaluated at USD 870 million in 2024 and is expected to be worth around USD 1,560 million by 2034, growing at a CAGR of 6.02% from 2024 to 2034.

Asia Pacific dominated the tinplate packaging market in 2023 due to the increase in demand for the product across various application segments such as foods and beverages, personal care, and household appliances, among others. The availability of a manufacturing hub in Asia-Pacific nations, including China, Japan, Indonesia, India, and others. The population's concern for packaged food and beverages, especially in urban areas, is one of the main factors pushing the need for proper packaging. Government policies on sustainability and reducing plastic consumption motivate industries to use tin plates that are recognized for their recyclability.

North America is observed to grow at the fastest rate in the tinplate packaging market during the forecast period. Rising demand for preserved food and a high number of industry players in the food & beverage sector in developed nations, such as the United States and Canada. The tinplate industry has many opportunities, as new technologies in tinplate production, such as the invention of new coatings and surface treatments, are expected to improve the efficiency and durability of tinplate. Since sustainability has become a trend, firms have selected tinplate packaging because it has enhanced recyclability and reduced impacts on packaging materials compared to plastics.

Market Overview

A tinplate packaging product fabricated from steel offers a strong and shiny surface to a tinplate-based packaging solution. Tinplate finds applications in the packing of canned foods, beverages, chemicals, paints, and cosmetic products. The potential of this material offers great pressure and temperature resistance, as well as resistance to physical harm throughout the manufacturing phases and during shipment. High recyclability, durability, and easy printability are the features that make customers purchase the product.

The tinplate packaging market is growing as the need for environmentally friendly and sustainable packaging is increasing across the globe. Tinplate is easy to recycle, making it a popular choice for brands concentrated on sustainability. It is also transportable and lighter in structure to help clients cut their transportation costs and energy used in carrying.

Tinplate Packaging Market Growth Factors

• Increased need for Sustainable Packaging: Easily reusable and sustainable packaging. Tinplate is due to the effects on the environment that calls on brands to adopt tinplate packaging.
• Trends in the Food and Beverage Industry: Currently, tinplate is utilized the most in the packaging of drinks, canned foods, and other ready-to-eat products. With the continuous advancement of the food and beverage sector around the world, especially in developing nations, tinplate packaging is favored.
• Durability and Protection: Tinplate is hard, less corrosive, and quite effective in shielding products from light, air, or moisture.
• Cost-effectiveness: Tinplate is cheaper to produce than other packaging materials like glass or aluminum; this makes tinplate a cheap packaging material, thus affordable by manufacturers in large quantities.

Market Scope

Market Dynamics

Driver

Increase Demand for Packaged Food and Beverages

The major benefit of food storage in tin packaging is that it lasts for a longer period than other packing materials. Due to its enclosed characteristics, tin packaging hinders the effects of light and humidity, hence greatly reducing the rate of deterioration of foodstuffs. Tinplate packaging is ideal for food storage because once sealed, it is virtually airtight to help prevent the degradation of the food stored. Products such as packed food are experiencing a high demand. There is a rising trend in the canned food and beverages industry across developed countries, especially the developing world, which is affecting the tinplate packaging market. An increase in per capita income of the people, changes in lifestyle, and easy availability of packed food and beverages are some of the key factors that are driving the growth and development of tinplate packaging.

Restraint

Alternative Packaging Materials

Alternative packaging materials like aluminum, plastic, paper, and others used in the manufacturing of different forms of packaging material are far different from sheet metal in all respects or properties. Plastic material is favored for its lightweight and flexibility in packaging, and aluminum is favored due to its protective and recyclable abilities. While tinplate packaging possesses certain inconveniences in achieving the optimal performance and characteristics of the packaging needed by industries, it is a hindrance and likely not very suited for use.

Opportunity

Sustainable Packaging Products 

Tinplate packaging is a packaging material made from recycled steel. Recycling is important as it ensures the minimization of natural resources, conservation of energy, and general reduction of impacts of packaging waste on the environment. This factor makes people look for environmentally friendly and greener packaging. This attribute makes it a perfect food packing material because it will be perfect for protecting food products and ensuring the products are in good shape. Tinplate packaging is also light and sturdy. Due to resource optimization, reusability, durability, shock-resistant characteristics, energy-saving, minimum carbon emission, and desirable disposal options, tinplate packing can satisfy the needs of customers, manufacturers, and those who prefer green products.

• In May 2024, Sonoco Products Co. unveiled a new $ 11,000 Sonoco Metal Packaging Technical & Engineering Center in Columbus, Ohio, to consolidate the tinplate vane package market. The development of a center of sustainable metal packaging with integrated design and technical support led to the promotion of communication between can makers and brand owners for the enhancement of the industry.

Product Type Insights

The cans segment contributed the largest growth in the tinplate packaging market in 2023. Population growth, changes in the population’s lifestyle, and a shift towards the consumption of products like canned foods and beverages have also enhanced the demand. Some of the factors include storage & protection capacity of the cans, variety & size & shape availability. The can is relatively reasonably recyclable, and the availability is easily accessible. The expanding usage of cans across the food and beverage industry is the main driver of the segment. Cans are eco-friendly, portable, and convenient for handling food items and various beverages to carry, use, and transport. The demand for the cans is also expected to rise because the products are convenient to use, easy to transport and store, and have a longer shelf life.

• In July 2023, Tata Steel collaborated with its subsidiary, Tinplate Company of India, to recycle tin cans to avoid the repetition of using cans because of the dangers of cleanliness. It will also create awareness among people and will also act as a benchmark to other competitors.

The containers segment is expected to witness significant growth in the tinplate packaging market during the forecast period. Tinplate is a material used for manufacturing and fabricating cans and containers to preserve and convey products. Tinplate containers are used to pack many kinds of production articles, food articles, tobacco articles, paints, varnishes, medical articles, and cosmetics. Tinplate containers are employed to carry foods, beverages, and other items because they make the products durable and shield the contents. Tinplate containers are a worthy choice for food and non-food items because the tinplate coating shields the contents from impurities. 

Thickness Insights

The 0.15 to 0.30 mm segment had the highest shares in the tinplate packaging market in 2023. A tinplate of 0.15 to 0.30 mm thick is used for canning beverages and food products along with other uses. These sheets have relatively low weight compared to the thickness, and this makes it possible to use them in the formation of lighter packs. Laminated films with thinner sheets mean less material is consumed, and packages have a lower overall weight, resulting in cost savings in transportation, storage, and logistics. Snack food cans use tinplate with a thickness of 0.15 – 0.20mm, as they represent light-weighting.

The below 0.15mm segment is projected to witness significant growth in the tinplate packaging market during the forecast period. Due to the increase in the use of lighter, durable, and cheap sheets in the food, beverage, and consumer industries, particularly in the packaging of personal care products as well as confectionery, these sheets have several uses in several other industries.

End-use Industry Insights

The food & beverage segment held the largest share of the tinplate packaging market in 2023. The food & beverage industry is shifting towards sustainable packaging varieties, and friendly tinplate expands this shift, leading to the segments’ growth. Tin plate, which is thin steel coated with tin, is used in many markets because it is hard-wearing, cheap, and effective at uses such as in the manufacture of cans, boxes, drums, and containers. Tinplates are suitable for food and beverage products because of their non-reactive nature with food products. The tinplate is lightweight as well as low cost to make hence making it suitable for industries that seek reliable yet cheap packaging solutions.

The paints & coatings segment is estimated to witness significant growth in the tinplate packaging market during the forecast period. The development of infrastructure through increasing urbanization and industrialization has led to the growth of the need for the paint industry. The corrosion characteristic of tinplate pails will lead to demand for this segment. The tinplating process includes applying a thin layer of tin to a steel base and then coating it with a lacquer. Tinplate is used for general cans for paints, aerosols, and other products. Organosols and acrylics are mostly used as the lacquer layer and for decoration on tin plates.

Tinplate Packaging Market Companies

• 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

Recent Announcements by Industry Leaders

• In December 2024, based in South Carolina Sonoco paid more than 3.6 billion euros, or around $3.8 billion, to KPS Capital Partners to acquire the Swiss metal packaging manufacturer Eviosys. In a statement released on Wednesday, Sonoco President and CEO Howard Coker expressed the company's excitement about welcoming the very talented team at Eviosys and starting to implement its integration plans. In this bigger, scaled organization, we see new and significant potential to unlock additional capabilities and end markets. As we fulfill our customers' increasing need for creative solutions, we look forward to investing in our combined product platform.

Recent Developments

• In July 2024, Colep Packaging finalized the acquisition of 60% of the ALM, which solidified the group’s presence in the metal packaging market, specifically tinplate and aluminum. This acquisition enhances Colep's dealing with the fast-growing aerosol market globally and its future expansion in the European market.
• In July 2024, Chinese tinplate manufacturer Rizhao Yulan New Material Co. opened a new RMB 3. 3 billion (US$454 million) mill close to the port of Quingdao, which aims to make it the world's leading producer of packaging steels.
• In June 2024, Invopak established its manufacturing plant for the first time in Manchester. It has been established in Hyde, Manchester, and qued with multi-line capacity for production of the most popular tinplate products like lever lid tins as well as the UN specified rectangular cans.
• In February 2024, Chinese authorities approved China Baowu Steel Group to acquire CPMC Holdings, which is one of the largest metal packaging firms. This acquisition will assist China Baowu Steel Group in adding more customers to the metal canning business and scaling up the firm’s revenues.

Segments Covered in the Report

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

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa