Press release
Lever Lid Tinplate Containers Market Expansion Continues, with Forecast Valuation of $2.1 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Lever Lid Tinplate Containers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The lever lid tinplate containers market has grown strongly in recent years. It will increase from $1.46 billion in 2024 to $1.57 billion in 2025 at a CAGR of 7.5%. Growth in the historic period came from demand for sustainable packaging, global expansion of manufacturers, rising e-commerce and retail activity, consumer preference for product freshness, and higher demand from end-use sectors.
Lever Lid Tinplate Containers Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the market for lever lid tinplate containers is projected to experience robust growth. By 2029, the market size is anticipated to reach $2.1 billion, growing at a compound annual growth rate (CAGR) of 7.5%. The predicted growth within this period is due to various factors such as the rising demand for lever lid cans, the need for products with longer shelf life, better protection against external impacts, advancements in container design and materials, and a shift towards lacquered and printed tinplates. The forecast period is also expected to witness several trends including technological advancements, demand for eco-friendly packaging solutions, preference for rigid and long-lasting containers, innovations in design and materials of containers, and personalization and customization in containers.
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What Are the Drivers Transforming the Lever Lid Tinplate Containers Market?
The anticipated expansion of the lever lid tinplate containers market is propelled by the rapidly expanding e-commerce industry. The e-commerce industry is vast and varied, including a diverse range of businesses and platforms that encourage online transactions. The industry's growth could be attributed to the convenience of online shopping, increased product choices, competitive pricing, global accessibility, shifting consumer patterns, and the incorporation of an omnichannel approach by conventional retailers. Lever lid tinplate containers provide robust and secure packaging solutions that are ideal for both e-commerce and retail businesses, ensuring the safe delivery and storage of products. As an example, the United States Census Bureau, a government agency, reported in May 2024 that e-commerce sales for the first quarter of 2024 had spiked by 8.5% in comparison to the same period in 2023, whereas total retail sales saw an increase of 2.8%. As a result, the thriving e-commerce and retail industries are pushing the growth of the lever lid tinplate containers market.
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What Long-Term Trends Will Define the Future of the Lever Lid Tinplate Containers Market?
Leading companies in the lever lid tinplate containers market are prioritizing strategic investments in order to boost their production capabilities, foster product innovation, and strengthen their standing in the market. Investing in production facilities and equipment equips these companies with the ability to augment their manufacturing capacities, thereby allowing them to cater efficiently to increasing demand and shorten lead times, which ultimately enhances customer satisfaction. To illustrate, Invopak, a packaging firm based in the UK, dialled up its operations with the launch of a new factory in Manchester in June 2024 at an expense of €5 million ($5.41 million). This key strategic shift involves internally producing tinplate packaging as a countermeasure to challenges posed by supply chain instabilities and shifting currency values in the aftermath of Brexit.
Which Segments in the Lever Lid Tinplate Containers Market Offer the Most Profit Potential?
The lever lid tinplate containers market covered in this report is segmented -
1) By Type: Metal, Tin, Steel, Aluminum
2) By Capacity (ML): 125 - 250, 250 - 500, 500 - 750, 750 - 2500, 2500 - 5000, 5000 - 15000
3) By End-User: Food, Chemical, Paint, Ink, Other End-Users
Subsegments:
1) By Metal: Galvanized Metal, Stainless Steel Metal
2) By Tin: Pure Tin, Tin-Plated Steel
3) By Steel: Carbon Steel, Stainless Steel
4) By Aluminum: Coated Aluminum, Uncoated Aluminum
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Which Firms Dominate the Lever Lid Tinplate Containers Market by Market Share and Revenue in 2025?
Major companies operating in the lever lid tinplate containers market are Amcor plc, Crown Holdings Inc., Sonoco Products Company, Silgan Holdings Inc., Toyo Seikan Group Holdings Ltd., Greif Inc., Ardagh Metal Packaging S.A., Mauser Packaging Solutions, Trivium Packaging B.V., Visy Industries, Altium Packaging LLC, Alltub Group, Dongguan Suno Packing Co.Ltd., Merrill's Packaging Inc., Involvement Packaging Ltd., Zhongshan Randa Metal Material Co. Ltd., Pirlo Holding GmbH, Zipform Packaging, HUBER Packaging Group GmbH, Scan Holdings Private Limited., RLM Packaging Ltd, Taylor Davis Ltd, Central Tin Containers Ltd., Captel Industries LLP, Quitmann O'Neill Packaging Limited
Which Regions Offer the Highest Growth Potential in the Lever Lid Tinplate Containers Market?
Asia-Pacific was the largest region in the lever lid tinplate containers market in 2024. The regions covered in the lever lid tinplate containers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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