Global Specialty Tin Cans Market Size, Share, Opportunities, And Trends By Type (Aerosol Cans, Beverage Cans, Paints Cans, Others), By Application (Food & Beverages, Cosmetics & Personal Care, Industrial & Others), And By Geography - Forecasts From 2022 To 2027
- Published : Dec 2022
- Report Code : KSI061614219
- Pages : 112
Specialty tin cans are sleek and slender cans that are in demand in the beverage can industry due to active promotional initiatives and demand by global brands and suppliers. Tin cans are containers composed of steel coated with tin or tinplate, which is another type of tin-coated steel. The majority of the time, processed foods and beverages are stored and packaged in these cans. The industrial sectors, particularly the painting sectors, are also very prominent with these cans. The market in this industry is primarily driven by rising expenditures on infrastructure and construction as well as increased exterior paint usage. In addition, the industry is expanding as a result of customers' strong growth for wall decor. Better packaging is required because paints need protection in order to maintain their technical and aesthetic properties. Tin paint can sales are increasing as a result of this.
The expanding demand in the food and beverages market is essential for the expansion of the specialty tin cans market globally.
Paint cans are the most typical kind of paint packaging. As a result of their strong construction and impact-resistant qualities, they show to be quite effective for carrying and maintaining various types of paints. Additionally, they outlast their competitors in terms of durability. Food and drink products are typically stored in specialty tin cans. They have been considered as a preferable alternative to plastic cans even though these cans are not as recyclable and reusable as aluminum cans. The tin covering on these cans helps to safeguard the canning apparatus while also offering the contents of the cans great protection against moisture, air, and bacteria. Even though specialty tin cans are more environmentally friendly than plastic cans, their higher manufacturing costs act as a barrier to the expansion of this sector. The number of cans sold and the money made by major participants in the beverage and food industries have both steadily increased as a result of rising customer demand and eye-catching packaging. For example, Red Bull, a significant company in the beverage industry, sold about 9.9 billion cans globally in 2020, an increase of nearly 24% from the prior year, and brought in roughly €7.8 billion, according to their annual report.
The introduction and constant expansion of the usage of bio-plastics in many industries that use packaging serves as a barrier to the expansion of this industry.
Polyethylene terephthalate (PET) combined with bio-based plastic is gradually replacing polymer-based packaging materials in the packaging sector. Renewable biomass sources like corn, sugarcane, or cellulose are used to make bioplastics. Biodegradable bioplastics can be broken down by microorganisms (such as bacteria and fungi) into water, carbon dioxide, methane, or other biomass. The tin can manufacturing industry loses its advantage of being environmentally benign because bio-plastic is both more affordable and environmentally favorable than tin packaging. As a result, this inhibits the expansion of this market.
To boost its capacity for producing beverage cans, Canpack, a major corporation in this market, announced in August 2022, their plans to invest US$140 million in a new production plant in Poços de Caldas, in the state of Minas Gerais, Brazil. Following the project's approval and the provision of economic development incentives by both the state and municipal governments, representatives from Canpack S.A., a member of the Canpack Group, as well as state, local, and economic development leaders, jointly announced the new facility. The brand-new factory symbolized Canpack's objective of expanding the packaging industry in Brazil. The new plant's installed initial capacity will be around 1.3 billion cans annually, and its output will be focused on satisfying Brazilian consumers' demand.
The metal can designs manufactured by Ardagh Group were expanded upon in 2019. The Deventer facility, where the first blow molding method in the industry was invented, impressively increased the can size by 26% under 40 bar pressure to produce the necessary shape. According to the annual report, specialty cans represented 45% of their total can shipments in 2021. Furthermore, in December 2020, the group acquired a facility in Ohio, which is being converted into a new beverage can and ends plant.
The specialty tin cans market is extremely competitive in North America and Europe, but it is still relatively new in Asian countries, where it is experiencing steady growth.
The demand for specialty tin cans in North America is anticipated to increase as a result of stringent environmental restrictions, particularly in the US. The market is expanding throughout Europe for similar reasons, but at a slower rate than is anticipated. The market is now the most prominent in the Asia Pacific area and is anticipated to maintain that position in the years to come. The food and beverage business, including soft and alcoholic drinks and paint cans in the industry sector, is driving the growth of this market in major manufacturing and emerging countries of this region.
Key Market Segments
- By Type
- Aerosol Cans
- Beverage Cans
- Paints Cans
- By Application
- Food & Beverages
- Cosmetics & Personal Care
- Industrial & Others
- By Geography
- North America
- United States
- South America
- United Kingdom
- The Middle East and Africa
- South Africa
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
1.1. Market Definition
1.2. Market Segmentation
2. RESEARCH METHODOLOGY
2.1. Research Data
3. EXECUTIVE SUMMARY
3.1. Research Highlights
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Powers of Buyers
4.3.3. Threat of Substitutes
4.3.4. The Threat of New Entrants
4.3.5. Competitive Rivalry in Industry
4.4. Industry Value Chain Analysis
5. GLOBAL SPECIALTY TIN CANS MARKET ANALYSIS, BY TYPE (US$ Million, Billion Units)
5.2. Aerosol Cans
5.3. Beverage Cans
5.4. Paints Cans
6. GLOBAL SPECIALTY TIN CANS MARKET ANALYSIS, BY APPLICATION (US$ Million, Billion Units)
6.2. Food & Beverages
6.3. Cosmetics & Personal Care
6.4. Industrial & Others
7. GLOBAL SPECIALTY TIN CANS MARKET ANALYSIS, BY GEOGRAPHY (US$ Million, Billion Units)
7.2. North America
7.2.1. United States
7.3. South America
7.4.3. United Kingdom
7.5. The Middle East and Africa
7.5.1. South Africa
7.6. Asia Pacific
7.6.3. South Korea
8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrative
8.3. Mergers, Acquisition, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. COMPANY PROFILES
9.1. Independent Can Company
9.2. Crown Holdings Incorporated
9.3. GM Metal Packaging
9.4. Silgan Holdings
9.5. Ardagh Metal Packaging S.A.
Independent Can Company
Crown Holdings Incorporated
GM Metal Packaging
Ardagh Metal Packaging S.A.
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