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.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-16531
Market Drivers:
- Gourmet Food and Beverage Trends: The increasing demand for gourmet and premium food and beverage products is driving the Specialty Tin Cans Industry, as these containers are often preferred for packaging high-end products.
- Sustainability: As environmental concerns grow, specialty tin cans are seen as a more sustainable packaging option compared to single-use plastics. They are often recyclable and have a longer shelf life, reducing waste.
- Product Differentiation: Brands use specialty tin cans to stand out on store shelves. Customized and artistically designed tin cans help attract consumers and promote brand recognition.
- Preservation of Freshness: Tin cans are known for their ability to protect the contents from external factors, such as light and air, preserving the freshness and flavor of products like coffee, tea, and spices.
- Resurgence in Canned Food: There is a renewed interest in canned food due to its convenience and longer shelf life. Specialty tin cans play a role in this trend, especially in the premium and gourmet food sectors.
- Collectible Appeal: Collectible or commemorative tin cans are often sought after by collectors, driving demand in the market for unique and limited-edition designs.
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.
The global Specialty Tin Cans Industry 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.
Few of the leading companies are focusing on attracting a large client base by investing huge sums in aesthetically appealing packaging solutions, including specialty tin cans. They are teaming up with food & beverage giants to provide them with their in-house canned packaging.
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
View the Full Report: https://www.futuremarketinsights.com/reports/specialty-tin-cans-market
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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
