Tinplate Packaging Market Size, Share & Industry Analysis, By Product Type (Cans, Boxes & Containers, Pails, Others), By Thickness (Below 0.15mm, 0.15 to 0.30mm, and More than 0.30mm), By End-use Industry (Food [Processed Food, Snacks, Bakery & Confectionary, Edible Oil, and Others], Beverage [Alcoholic, Non-alcoholic], Paint, Chemical, and Others), and Regional Forecast, 2024-2032

The global tinplate packaging market size was valued at USD 1.59 billion in 2023 and is 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. Asia Pacific dominated the tinplate packaging market with a market share of 49.69% in 2023. Moreover, the tinplate packaging market in the U.S. is projected to grow significantly, reaching an estimated value of USD 425.71 million by 2032, driven by the increasing demand for packed and processed foods among consumers.

Tinplate is produced using steel as a raw material, which provides a sturdy and lustrous appearance to a tinplate-based packaging product. Tinplate is used for the packaging of canned foods, beverages, chemicals, paints, and cosmetics. The material’s ability to withstand high pressure, temperature, and physical damage during the manufacturing process and transportation is fueling the growth of this market. Furthermore, high recyclability, durability, and easy printability are some of the factors driving the product’s sales.

The COVID-19 pandemic had moderate impacts on this market as the demand for shelf-stable foods containing canned goods was increasing as consumers stocked up on basic necessities and products having longer shelf life due to lockdowns and supply chain disruptions. At the same time, the market was facing challenges due to the shortage of raw materials, hampered packaging production, and the temporary closure of retail outlets. The pandemic impacted consumer preferences and shifted them toward the consumption of packaged and processed foods. Moreover, the reduction in infrastructural activities also negatively affected the growth of this market.

Tinplate Packaging Market Trends

Rising Awareness of Benefits of Canned Food to Emerge as Major Market Trend

Tinplate cans help extend the shelf life of food & beverage products by protecting them from spoilage, oxidation, and microbial contamination. The hermetic seal on these cans avoids the entry of air and bacteria and, thus, preserves the freshness and nutritional value of the contents for a long time. Therefore, tin cans protect the organoleptic properties of the food and ensure the safety of texture, flavors, and nutrients for an extended period.

The cans undergo strict production processes to maintain their integrity and safety as food packaging. Manufactured from food-grade material, they are designed to survive high temperatures during canning without leaching harmful substances into the food. In addition, modern preservation techniques, including sterilization and vacuum packaging, further improve food safety by excluding harmful bacteria and enzymes that can cause foodborne diseases or spoilage.

Food sold in tin cans offers several advantages that make it a preferred choice for consumers, producers, and the environment. From preserving nutritional value and freshness to improving convenience, durability, and versatility, tin cans play an essential role in food packaging and storage. Thus, the increased demand for convenient packaging with high recyclability is emerging as a major trend in the market.

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Tinplate Packaging Market Growth Factors

Augmenting Demand for Tinplate Packaging in the Food & Beverage Industry to Fuel Market’s Growth

Tinplate packaging offers exceptional protection and preservation properties, keeping food and beverages fresh and protected from the external environment. This type of packaging prevents light, moisture, oxygen, and other elements from impacting the quality and shelf life of packaged products. It is significant for perishable products, such as canned vegetables, fruits, meat, and seafood. Thus, the growing demand for and consumption of such food products due to the increasing global population will enhance the tinplate packaging market growth.

One of the most essential factors in the tinplate packaging industry is the growing demand for packaged food and beverages. As lifestyles become gradually fast-paced, consumers are looking for convenient and ready-to-eat options that provide both quality and convenience. Tinplate packaging offers an ideal solution to preserve the freshness and integrity of food, extending its shelf life and assuring safety and hygiene. In addition, the growth of online grocery shopping has increased the demand for durable and safe packaging solutions and accelerated the use of tin plates in the packaging industry.

Increasing Awareness of Sustainable Packaging Products to Contribute to Market’s Growth

Tinplate packaging is 100% recyclable, which means that it can be collected, processed, and reused to create new products without compromising on its quality and properties. Recycling helps save natural resources, reduce energy consumption, and minimize the environmental impact of packaging waste. Thus, this packaging supports the principles of circular economy by promoting a closed-loop system and decreasing dependence on primary materials, enhancing the growth of this market.

This type of packaging provides outstanding durability and product protection, minimizing the possibility of product damage, deterioration, and loss during transportation, storage, and handling. The long lifespan of tin-packaged products helps reduce food waste, which is a significant factor in environmental degradation. By extending the shelf life of packaged goods, tinplate packaging supports the goals of sustainable development and reduces the need for frequent product replacement.

Tinplate packaging's sustainable benefits, such as resource efficiency, recyclability, durability, protective properties, lower carbon footprint, and efficient end-of-life management, make it suitable for environment-conscious customers, manufacturers, and decision-makers. Since sustainability is becoming increasingly crucial in packaging decisions, tinplate packaging provides a convincing solution to respond to environmental problems related to packaging waste, thus contributing to the growth of this market.

RESTRAINING FACTORS

Presence of Substitutes to Hamper Market Growth

Alternative packaging materials, such as aluminum, plastic, and paper, provide a wider range of properties and characteristics than sheet metal. For example, plastic offers lightweight and flexible packaging, while aluminum offers excellent protective properties and recyclability. Tinplate packaging can face challenges in meeting specific packaging and performance requirements for particular applications or industries, limiting their applicability and competitiveness in the market.

The cost of tin packaging compared to its substitutes is a major restraint, especially in price-sensitive markets or industries. Tinplate provides recyclability, durability, and protective properties, but its manufacturing costs can be higher than those of some alternative materials, such as plastic or paperboard. Producers must carefully manage production costs, optimize processes, and implement cost-saving measures to stay competitive. The higher price and lower profitability compared to alternative packaging materials will impede the growth of this market.

Tinplate Packaging Market Segmentation Analysis

By Product Type Analysis

Easy Recyclability of Cans Enhances Their Adoption

Based on product type, the market is segmented into cans, boxes & containers, pails, and others. Can is the dominating segment of this market. The growing demand for cans is due to their excellent storage & protective properties, versatility, durability, and convenience. As consumer preferences are shifting and environmental concerns increase, the demand for tinplate is rising, thus fueling the segment's growth.

Pails are the second-dominating segment of the market. Tinplate pails are resistant to corrosion, making them suitable for packaging corrosive or reactive substances that can degrade other types of packaging materials. The growing use of tinplate pails in the paint industry is also enhancing the segment’s growth.

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By Thickness Analysis

0.15mm to 0.30mm Thickness Products Gain Popularity Due to Their Use in Several End-use Industries

Based on thickness, the market is segmented into below 0.15mm, 0.15 to 0.30mm, and more than 0.30mm. Tinplate sheets in the thickness range of 0.15 to 0.30 mm are dominating the market. These sheets have lesser weight compared to thicker dimensions, which promotes their use in making lighter and more portable packaging solutions. Using a thinner sheet minimizes material usage and the total weight of packages, which can lead to cost savings in transportation, storage, and logistics, thus boosting the growth of this segment.

Below 0.15mm is the second-dominating segment of the market. These sheets have several applications in different end-use industries, especially in the packaging of personal care products and confectionary items, bolstering the growth of this segment.

End-use Industry Analysis

Superior Preservation Properties of Tinplate Boosts Their Use in Food Industry

Based on end-use industry, the market is segmented into food [processed food, snacks, bakery & confectionary, edible oil, others], beverage [alcoholic, non-alcoholic], paint, chemical, and others. Food is the dominating segment of this market. The high demand for tinplate packaging in the food industry is due to its preservation, safety, and hygiene properties. Moreover, the demand for cans is also rising in the beverage industry, which will boost the segment’s progress.

Paint is the second-dominating segment of the market. Growing urbanization and industrialization has increased the demand for infrastructure, leading to the growth of the paint industry. The corrosion resistance properties of tinplate pails will stimulate the development of this segment.

REGIONAL INSIGHTS

The market is analyzed across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

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Asia Pacific dominated the tinplate packaging market with a market share of 49.69% in 2023. The increasing disposable income, growing population, and rising urbanization have led to the consumption of canned food. Furthermore, the growing awareness of sustainable packaging products to reduce packaging waste is augmenting the growth of the regional market.

North America is the second-dominating region as the changing lifestyle and shifting preference toward packed and processed foods are driving the growth of the market in this region.

Europe is also experiencing significant growth. The growing consumption of alcoholic beverages, coupled with the high demand for innovative and sustainable products, is driving the development of the market in this region.

Latin America is expected to witness moderate growth during the forecast period due to the growing infrastructural activities in the region.

The Middle East & Africa is projected to grow at a steady rate due to economic development and rising awareness regarding sustainable products.

List of Key Companies in Tinplate Packaging Market

Key Market Participants to Witness Significant Growth Opportunities

The global tinplate packaging market is highly fragmented and competitive. In terms of market shares, a few major players are dominating the market by offering innovative packaging solutions. They are constantly focusing on expanding their customer base across regions through innovation.

Major players in the market include CPMC Holdings Limited, Tata Steel, AJ Packaging Limited, ColepPackaging, ArcelorMittal, and others. Numerous other players operating in the industry are focused on delivering advanced packaging solutions.

List of Key Companies Profiled:

• 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)


• NCI Packaging (Australia)

KEY INDUSTRY DEVELOPMENTS:

• February 2024 - Chinese regulators approved China Baowu Steel Group to acquire CPMC Holdings, which is one of the largest metal packaging firms. The acquisition will help China Baowu Steel Group increase its customer base in the metal canning industry and boost the firm’s profitability.


• July 2023 - Tata Steel joined hands with its subsidiary company Tinplate Company of India to recycle tin cans to prevent the reuse of cans due to health and safety issues. Such initiatives will increase awareness among people and also set new standards for other competitors.


• August 2021 - Crown Holdings announced that it had completed the sale of its European tinplate business to KPS Capital Partners, LP, with Crown retaining a 20% ownership stake in the business.


• February 2020 - Hoffmann introduced tinplate cans containing 100% recycled steel for various industries and applications. The cans are ideal for packaging premium organic and specialty products, including tea, coffee, infant nutrition, tooth powder, and dry or pasty cosmetics.


• April 2019 - Crown launched round-to-square shaped tin for the luxury market, including confectionery, tea, biscuits, and cosmetics. The cans are made of 100% recyclable materials.

REPORT COVERAGE

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The report provides a detailed analysis of the market and focuses on critical aspects such as leading companies, competitive landscape, product/service types, Porter’s five forces analysis, and leading end-use industries of the product. Besides, it offers insights into the market trends and highlights vital industry developments. In addition to the above-mentioned factors, the report encompasses several factors that contributed to the market's growth in recent years.

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