The Future of Tin Packaging with AI and Automation | At a CAGR of 2.9%

Tin packaging is a popular and widely used method for packaging products, especially food and beverages. It is made from steel coated with tin, which is durable and resistant to corrosion. This type of packaging keeps products safe and fresh for a long time. It is a good choice because it is light and easy to carry. Tin packaging is recycled, which makes it an eco-friendly option. Using tin helps reduce waste since it can be reused multiple times.

In the food industry, tin packaging protects food from air, moisture, and light, which can cause spoilage. It also helps keep the flavor and quality of the food good. Furthermore, tin cans are great for storing liquids like soups, drinks, and sauces without leakage. The demand for tin packaging is growing because of its many advantages, such as its strength, safety, and positive environmental impact.

Allied Market Research published a report, titled, "Tin Packaging Market by Product Type (Cans, Lids & Caps, Tins & Boxes and Tubes & Drums), End User Industry (Food & Beverage, Personal Care & Cosmetics, Pharmaceuticals, Chemicals & Industrial and Others): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the tin packaging market was valued at $732.3 million in 2023, and is estimated to reach $956.1 million by 2032, growing at a CAGR of 2.9% from 2024 to 2032.

𝐂𝐥𝐚𝐢𝐦 𝐘𝐨𝐮𝐫 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 & 𝐓𝐎𝐂:
https://www.alliedmarketresearch.com/request-sample/A238320

The role of AI in modernizing tin packaging sector

Artificial intelligence and automation are changing the tinplate beverage can packaging business by making production faster, cheaper, and improving the quality of the products. AI helps predict the need for maintenance or replacement for components, ensuring smooth operations and minimizing delays. Also, AI-driven systems permit real-time monitoring of the quality of produced cans, which improves consistency and reduces waste. For example, a can-making factory can use AI-powered cameras and sensors to detect problems such as dents or incorrect dimensions during production, making sure only flawless cans proceed to the next stage.

In addition, the integration of robotics enhances the efficiency of the manufacturing process. Automated robots can handle repetitive tasks like sorting, stacking, and assembling parts, which saves money on labor costs and reduces human mistakes. Advanced manufacturing systems also optimize material flow, ensuring that resources are used efficiently and minimizing waste. This increased automation allows for higher production volumes and faster turnaround times, helping manufacturers meet growing demand while staying cost-effective.

These AI-driven advancements make the cans more accurate and consistent. They also help industry reduce its environmental impact. AI contributes to making the tin packaging sector more sustainable with more consistent production and lower energy consumption.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐄𝐱𝐭𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://www.alliedmarketresearch.com/checkout-final/6dbb5931506a7ce72b96da0071fb9e39

The cans segment dominated the market in 2023

Based on type, the market is divided into cans, lids and caps, tins and boxes, tubes and drums.  In 2023, the cans segment emerged as the leading category within the tin packaging market. This segment's prominence is primarily due to its widespread applications and several advantageous properties that make it the preferred choice across various sectors such as food and beverage industry.

The food and beverage segment dominated the market in 2023

Based on end user industry, the market is segregated into food and beverage, personal care and cosmetics, pharmaceuticals, chemicals and industrial, and others.

The food and beverage segment was the leading segment that dominated the global market share in 2023.  The rise in consumer demand for ready-to-eat meals and convenience food, particularly among urban populations and busy lifestyles, has significantly boosted the demand for tin packaging. Tin packaging offers a convenient solution for packaging such products, making them easy to store and consume.

 The Asia-Pacific dominated the market share in terms of revenue in 2023

The tin packaging market is analyzed across North America, Europe, Asia-Pacific, Latin America, and MEA. In 2023, Asia-Pacific accounted for largest market share, and it is expected to grow at a significant CAGR throughout the forecast period. China holds the maximum share in the tin packaging industry in the Asia-Pacific region.

The Asia-Pacific region is at the forefront of adopting new technologies in tin packaging manufacturing. Advances in tin can manufacturing, such as the development of lightweight yet strong tinplate, have reduced material usage and costs, making tin cans economically viable and environment-friendly. Such factors drive the market growth.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠: 𝐈𝐧𝐬𝐢𝐝𝐞𝐫'𝐬 𝐆𝐮𝐢𝐝𝐞 𝐭𝐨 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞@
https://www.alliedmarketresearch.com/purchase-enquiry/A238320

Leading Market Players: -

Crown Holdings, Inc.
Ardagh Group
Ball Corporation
Nippon Steel Packaging
Silgan Holdings Inc.
Tata Tinplate
Ton Yi Industrial Corp.
ThyssenKrupp Rasselstein GmbH
Can-Pack S.A.
HUBER Packaging Group GmbH
Industry giants drive breakthrough innovations with strategic developments

Over the past few years, several multinational corporations have consistently adopted strategic plans, which encompass mergers and acquisitions, partnerships, joint ventures, and investments in research and development to reinforce their position in the global tin packaging market.

The Box widen its scope with the acquisition of Metal Arts in the Benelux market

In April 2024, The Box, a leading company in making promotional metal packaging, acquired its industry peer, Metal Arts. Over the years, the two companies have worked together on many projects and have long shared a strong working relationship. Metal Arts, which is based in Amsterdam, has 40 years of experience in the industry. The Box aims to reinforce its existing market leadership in the Benelux region through this acquisition.

For customers of Metal Arts, the transition will be seamless. While there will be changes to practical details such as the visiting address, telephone number, and contact personnel, as stated on the websites of both companies, the high quality of products and services remains unchanged. The Box emphasizes that its commitment to providing high-quality products and services to its clients continues without disruption. This acquisition represents a significant step in The Box's long-term growth strategy.

Mauser Packaging Solutions acquired Taenza to expand in Mexico

In November 2023, Mauser Packaging Solutions announced that it had made a final agreement to acquire Taenza, S.A. de C.V., a Mexican manufacturer of tin-steel aerosol canisters and steel containers. Taenza, located in Mexico City, had five manufacturing facilities across Mexico and more than 850 workers. Its product portfolio consists of steel pails, aerosol spray cans, and paint cans, serving a diverse customer base in the paint, coatings and chemical industries.

Mark Burgess, the CEO of Mauser Packaging Solutions, stated that the blend of Taenza would help them serve their customers better. This is because Taenza had a strong local presence and knowledge, while Mauser had a global network. He also mentioned that the companies shared similar values, such as focusing on safety, providing high-quality packaging solutions, promoting customer growth, and creating value for shareholders.

Summing up

The tin packaging sector is witnessing significant expansion because of its toughness, recyclability, and capability to maintain the freshness of food and drinks. Production is becoming faster, efficient and eco-friendly due to advancements in artificial intelligence and automation technologies. Technological advancements along with strategic partnerships with industries offer lucrative opportunities for expanding industry reach and meeting growing demand worldwide.

𝐓𝐨𝐩 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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