Tin Containers Market
The global tin containers market is on a trajectory of substantial growth, with an estimated size of US$15.6 billion in 2022, and projected to reach US$17.9 billion by 2032. This growth is underpinned by a robust compound annual growth rate (CAGR) of 5.3% spanning from 2022 to 2032. This ascent is largely propelled by escalating demand for tin containers in industries like beverages, paints, and coatings. Despite the prevailing shift towards lightweight packaging in the industry, tin containers are gaining favor due to their lightness and versatility in terms of sizes, styles, and shapes.
The market’s surge is also attributed to evolving consumer preferences, changing lifestyles, and the burgeoning middle-income population, fostering demand. The requisition for petroleum lubricants and chemicals across various sectors further contributes to the upward trajectory.
Moreover, the rising global demand for health-conscious beverages, including sucralose juices, health drinks, and carbonated soft drinks, alongside an increase in grocery and superstore establishments, both in developed and developing economies, augur well for the market’s prospects. These factors collectively illuminate a promising future for the global tin containers market.
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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
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.
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Key Segments Profiled in the Tin Containers Industry Survey
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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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