The global Specialty Tin Cans Industry is estimated to be valued at US$ 566.2 million in 2022. It is projected to exhibit moderate growth at a CAGR of 4.8% throughout the forecast period from 2022 to 2023, and register a valuation of US$ 899.4 million in 2032.
High demand for several sucralose juices, healthy beverages, health drinks, and carbonated soft drinks among millennials and gen z is likely to positively affect specialty tin cans sales in the next ten years. A few key companies are also set to influence the development of the global market through research work and aggressive promotional efforts.
Increasing micro families is further likely to augment sales of small packing units. Key companies are striving to broaden their presence on e-commerce websites, which is further expected to generate high sales of canned food products at discounted rates.
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Growth Factors
The increasing appetite for sustainable and eco-friendly solutions in packaging, particularly the heightened demand for recyclable metal cans in comparison to glass or plastic alternatives, is poised to be a significant catalyst driving sales. Consumers’ growing environmental awareness is propelling a shift towards more sustainable choices, and the recyclability of metal cans positions them favorably in meeting these preferences.
Moreover, a rising emphasis on chemical-free packaging in the canned food sector is expected to stimulate manufacturers to innovate and introduce novel packaging solutions over the next decade. The evolving consumer focus on health and wellness, coupled with a desire for cleaner and safer food options, is steering the industry toward developing packaging solutions that ensure the integrity of the contents without compromising on health standards. This trend is likely to create a conducive environment for the adoption of new and improved packaging solutions in the canned food segment.
Key Takeaways from the Specialty Tin Cans Industry Report
- Based on capacity type, the 200 ml to 500 ml segment is anticipated to generate a share of around 48.6% in 2032.
- In terms of end-use, the beverages segment is projected to capture a share of about 28.9% in 2032 in the global Specialty Tin Cans Industry.
- By product type, the slim tin can segment is estimated to hold the lion’s share of nearly 61.6% by 2032.
- Brazil Specialty Tin Cans Industry is likely to generate a moderate share of around 43.9% in 2032.
- The United Kingdom Specialty Tin Cans Industry is set to hold a share of 12.1% by 2032.
Competitive Landscape: Specialty Tin Cans Industry
The top manufacturers of the Specialty Tin Cans Industry are Ardagh Group S.A., Allstate Can Corporation, Crown Holdings, Inc., Colep Packaging, Toyo Seikan Group Holdings, Ltd., Hindustan Tin Works Ltd, Silgan Containers LLC, Kian Joo Can Factory Berhad, Wilkinson Containers Ltd, CAN-PACK S.A., Swastik Tins Private Limited, Massilly Holding, Gruppo ASA, Litoichap S.L., Falco S.p.A., Teksan Tin House, LK-PremiumPack GmbH, C.L. Smith Company and others.
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Recent Development
- In May 2021 , Nestle’s Milo brand introduced three new limited-edition 1kg tins in Australia. The tins showcase cricket, basketball, and football with bright pictures. The company is aiming to help kids in Australia to remain active and encourage them to participate in sports activities.
Industry Outlook by Category
By Product Type:
- Slim Tin Can
- Beaded Tin Can
By Closure:
- Penny Lever Lids
- Sanitary Lids
- Easy Open Lids
- Full Aperture Lids
By Capacity:
- Less than 200 ml
- 200 ml to 500 ml
- 501 ml to 750 ml
- More than 750 ml
By End Use:
- Food
- Processed Food
- Edible Oil
- Dry Fruits
- Bakery & Confectionery
- Tea & Coffee
- Dairy Products
- Baby Food
- Beverages
- Pharmaceutical & Nutraceuticals
- Chemicals
- Personal Care & Home Care
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