In 2022 and 2032, respectively, the market for tin containers is projected to reach US$ 15.6 billion and US$ 17.9 billion. It is predicted to experience significant growth between 2022 and 2032, with a CAGR of 5.3%. Tin containers are in high demand in the beverage and paints and coatings industries, which is expected to boost the market in the near future.
With the continued trend towards lightweight packaging, metal is no longer as frequently used in the packaging business. Tin is becoming increasingly popular among manufacturers since it is lightweight and can be produced in a variety of sizes, styles, and shapes.
A detailed study on tin containers market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future.
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As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global tin containers market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales tin containers in the coming 10-years.
The usage of metal is nowadays declining in the packaging industry with the ongoing trend of lightweight packaging. Many manufacturers are gradually inclining towards tin as these are light in weight and can be made available in a wide range of sizes, styles, and shapes.
Evolving consumer preferences, changing lifestyles, and surging middle-income group population are some of the vital factors that are anticipated to boost the growth in this market. The increasing demand for petroleum lubricants and chemicals in numerous end-use industries is another significant factor that is likely to propel sales in this market.
Key Tin Containers Market Takeaways and Projections
- The U.S. is expected to lead the North america tin containers market, projecting the fastest growth in the region between 2022 and 2032.
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of tin containers market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global tin containers market. Some of the prominent market players are Colep Portugal S.A., Ardagh Group S.A., Aryum Aerosol Cans Ltd., Ball Corporation, Jamestrong Packaging, Cerviflan Industrial E Comercial Ltda, Crown Holdings, Inc., NCI Packaging.
Key Segments Profiled in the Tin Containers Industry Survey
By Product Type:
- Built-up Containers
- Shallow Drawn Containers
By Capacity:
- <100 ml
- 100 ml to 500 ml
- 500 ml to 1000 ml
- >1000 ml
By Application:
- Paint Containers
- Cone Top Containers
- Mono Top Containers
- Oblong/F-style Containers
- Edible Oil Containers
- Aerosol Containers
- Others
By End Use:
- Pharmaceuticals
- Food & Beverages
- Paint & Coatings
- Chemicals
- Others
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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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