The global specialty tin cans market, valued at USD 566.2 million in 2022, is set to experience steady growth, with a projected compound annual growth rate (CAGR) of 4.8% from 2022 to 2032. The market is expected to reach a valuation of USD 899.4 million by the end of the forecast period in 2032.
A major factor driving the growth of the specialty tin cans market is the increasing demand for sucralose juices, health beverages, health drinks, and carbonated soft drinks, particularly among millennials and Gen Z consumers. These trends are anticipated to positively influence the sales of specialty tin cans, as these packaging solutions are increasingly favored by beverage companies for their convenience, durability, and sustainability.
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Key industry players are expected to shape the development of the global specialty tin cans market, with focused efforts on research and development, as well as aggressive promotional campaigns. As consumer demand for health-conscious products rises, manufacturers are expected to continue innovating to meet evolving preferences.
The retail and food industries are expected to remain the dominant consumers of specialty tin cans, with the expansion of superstores and grocery chains, coupled with the growth of distribution networks by leading food manufacturers, driving demand for these packaging solutions. Additionally, the rise of micro families is expected to increase the demand for smaller packaging sizes, boosting the market for specialty tin cans.
The growing trend of e-commerce, with many companies enhancing their presence on online platforms, is another key factor expected to drive sales. Consumers are increasingly purchasing canned food products online, often at discounted rates, leading to higher sales volumes in the coming years.
Owing to busy lifestyles of the working population, demand for metal cans is anticipated to surge in developed countries. Millennials are set to incline toward wholesome food items that are ready to eat and can be prepared in a short period as they have hectic schedules.
By providing foods that are ready to use and in convenient packaging, canned food is likely to accomplish this particular goal. The ability of tin cans to keep food items fresh for a long time is another crucial factor that would accelerate specialty tin cans sales in the next ten years.
Key Takeaways from the Specialty Tin Cans Market Report.
- The global specialty tin cans market experienced a moderate CAGR of 2.7% between 2017 and 2021.
- The USA specialty tin cans market in North America is expected to surpass USD 217.7 million by 2032.
- The United Kingdom’s specialty tin cans market is projected to exceed USD 29.6 million by 2032.
- Demand for beaded tin cans, based on product type, is anticipated to reach a valuation of USD 342.9 million by 2032.
- The beverage segment, as an end-use application, is estimated to attain a valuation of approximately USD 259.6 million by 2032.
“Increasing demand for specialty tin cans for the packaging of premium and luxury products such as tea, coffee, and cookies is projected to drive sales in the market. Key companies are expected to launch innovative tin cans with unique designs to expand their portfolios.” says a lead analyst at Future Market Insights, Inc.
Competition Landscape: Specialty Tin Cans Market
The top manufacturers of the specialty tin cans market 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.
The global specialty tin cans market is highly fragmented with the presence of numerous local and international companies. They are mainly participating in organic and inorganic strategies such as collaborations, joint ventures, and acquisitions to compete with their rivals.
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 aims to help kids in Australia to remain active and encourage them to participate in sports activities.
Specialty Tin Cans Market 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
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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