Demand for Cans to Drive Tinplate Packaging Market Growth by 1.7X Through 2029

Tinplate packaging market is projected to experience a moderate growth trajectory during the forecast period. Tinplate packaging market has been increasingly embracing aesthetics in order to fulfill demand from various end use industries.

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Multiple new packaging products such as tinplate packaging having “Matte Effect”, tinplate packaging with embossed surfaces, and customized digital prints have been introduced in the market to meet the growing demand from end-use retail customers. This trend has substantially increased demand for tinplate packaging in the beverages industry, on the back of its impressive tactile features.

Key Takeaways of Tinplate Packaging Market

• Cans are anticipated to be the dominant product type in tinplate packaging market, and the segment is forecasted to grow 1.5X during the forecast period.
• North America and Europe together account for more than half of the share in tinplate packaging market, while Europe is expected to generate fastest revenue during forecast period.

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• Uptick in demand from food packaging is expected to remain constant till mid-term forecast.
• Tinplate packaging with moderate thickness i.e. 0.20 mm to 0.40 mm is expected to grow by 1.7X during the forecast period.

Global Tinplate Packaging Market: Segmentation

Segmentation table of the global tinplate packaging market has been provided below on the basis of product type, application, thickness, and region.

Product Type
• Cans
• Containers
• Lids
• Others

Application
• Food Packaging
• Beverages Packaging
• Alcoholic Drinks
• Non-Alcoholic Drinks
• Aerosol Products Packaging
• Cosmetics
• Healthcare
• Automotive
• Others
• Others

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Collaborations within Tinplate Packaging to Lead Market towards Consolidation

Tinplate Packaging market is consolidated with key market players accounting for more than 70% of the revenue share. Tinplate packaging market has been moving towards consolidation with multiple collaborations and mergers in the market. In 2019 Ardagh Group announced collaboration with Exal Corporation to increase their share in metal packaging market. The joint venture of Tata Steel and thyssenkrupp was blocked by European Union, as the joint venture was claimed to significantly increase consolidation within the market.

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Mergers and collaborations between top players are expected to continue during the forecast period, which will substantially increase consolidation within the tinplate packaging market.

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