The global specialty tin cans market is projected to surpass USD 899.4 million in 2032. A valuation of around USD 566.2 million was registered by the global market in 2022. It is anticipated to showcase an average CAGR of 4.8% in the estimated time frame between 2022 to 2032.
Canning is referred to as a conventional method to preserve and store food products and beverages by sealing them in an airtight container, as well as utilizing through heat treatment to inactivate degrading enzymes. It is considered to be a relatively low-cost technique of preserving various food items for up to 5 years depending on the type of product.
Canned food items are usually free of microbial contamination. Ready-to-eat meal providers are set to utilize specialty tin cans to store their in-house products for a long time and provide high convenience to their clients.
Ongoing expansion of modern supermarkets and convenience stores in both developed and developing countries is set to help key packaging manufacturers to broaden their presence. In July 2022, for instance, WinCommerce, a Minh City-based retail giant, announced its plan to open over 20 hypermarkets/supermarkets and more than 700 new WinMart+ stores across Vietnam. It is set to help consumers to optimize their convenience and time in shopping.
Rising shift of millennials toward canned food items is mainly attributed to a rapid decline in the availability of fresh vegetables and fruits. Canned food items are considered to be cost-effective, as compared to frozen or fresh food. They cost around fifth as much as frozen fresh and half as much as frozen food.
In December 2022, Kristal Kola, a renowned cola brand based in Türkiye, is planning to unveil the country’s first-ever spring water in cans. It wants to provide a sustainable packaging solution with powerful messaging. It chose a business unit of Crown Holdings, Inc. named Crown Bevcan EMEA as its packaging partner.
The company aims to create awareness among consumers about metal, which is a crucial part of the packaging’s design. Kristal canned water will soon be available across several retail outlets in Türkiye. It is likely to help the company to strengthen its position as a sustainability leader.
| Attributes | Key Insights |
|---|---|
| Specialty Tin Cans Market Estimated Size (2022E) | USD 566.2 million |
| Projected Market Valuation (2032F) | USD 899.4 million |
| Value-based CAGR (2022 to 2032) | 4.8% |
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During the historical period (2017 to 2021), the global market for specialty tin cans witnessed a moderate CAGR of 2.7%, finds Future Market Insights. The market exceeded USD 485.4 million in 2017 from USD 566.2 million recorded in 2022.
High recyclability of tin packaging is set to be one of the prominent factors pushing specialty tin can manufacturers to expand their production capacities. Metal packaging materials such as tine provide superior recycling infrastructure. Increasing middle-class population in emerging nations and high disposable income are a couple of significant factors propelling sales in the market.
Hectic lifestyles of the working population and rising micro families in China, India, Brazil, and Argentina would further help the global market to accelerate at a steady pace in the assessment period. In developing economies, millennials and gen z are gradually adopting the western culture, which is expected to push sales of canned food items such as canned soups, fish, and meat.
Increasing Demand for Canned Vegan Food Items to Boost Sales of Metal Tin Cans
Changing lifestyles across the globe is set to result in consumers looking for easy-to-cook food items. Individually living consumers and millennials are set to propel the demand for canned food. These consumers are usually budget restrained and have less time to prepare an entire meal, which is hence expected to move them toward high convenience and low-cost food items.
Several regular consumers of canned food items select these products backed by their relatively low cost and high convenience. Canned food items require less time and energy to cook, as compared to conventional meal preparation.
Sales of plant-based food items are also expected to skyrocket in the next ten years with a rising shift toward vegan and vegetarian diets. Increasing concerns about the negative effects of consuming animal meat are pushing millennials toward plant-based meat. Key plant-based food companies are striving to attract their attention by investing huge sums in packaging.
In January 2023, for instance, Vgarden Ltd., an Israel-based provider of plant-based alternatives and food tech developer, introduced vegan canned tuna. The product is 100% plant-derived, and has the same flavor, texture, and appearance as that of the original kitchen staple. With this launch, the company is aiming to satiate unfulfilled demand from sustainability-driven consumers.
Expansion of Supermarkets and Hypermarkets in the USA to Push Demand for Food Tins with Lids
In North America, the USA specialty tin cans market is anticipated to surpass USD 217.7 million by 2032, says Future Market Insights. Increasing shift of the working population across the USA towards convenience food products backed by their busy schedules, is projected to propel the need for specialty tin cans.
High dependency on ready-to-eat meals is likely to augment the need for nutritious and shelf stable food items, which would further bolster specialty tin cans sales in the USA. Establishment of several supermarkets and hypermarkets, as well as development of robust e-commerce channels by leading companies would also accelerate specialty tin cans demand in the USA.
In September 2022, for instance, Tualatin-based Pacific Foods, introduced a new range of canned ready-to-eat plant-based chilies and hearty soups in non-bisphenol A lined and recyclable packaging. The company is aiming to meet the booming demand for sustainability among millennial consumers with this new packaging.
High Demand for Beer in the United Kingdom to Fuel Sales of Metal Tin Packaging
The United Kingdom specialty tin cans market is projected to exceed USD 29.6 million by 2032, suggests Future Market Insights. Owing to surging consumption of non-alcoholic and alcoholic beverages such as carbonated drinks and beer, specialty tin cans demand is projected to surge at a fast pace across the United Kingdom.
In October 2021, for instance, Budweiser Brewing Group, the United Kingdom-based arm of AB InBev joined hands with CANPACK and RUSAL to launch a pilot project to manufacture a beer can in Europe with an extremely low carbon footprint.
The pilot is expected to witness production of Budweiser 440ml cans by utilizing renewable electricity and a novel inert anode aluminum technology. The company is likely to manufacture around five million ultra-low carbon cans that will be sold across retails in the United Kingdom.
Launch of Canned Cocktails by Start-ups in India to Accelerate Demand for Tin Containers
Increasing awareness in India about the use of non-carcinogenic materials in the packaging sector is set to fuel the market for specialty tin cans. High demand for lightweight packaging materials is another vital factor that would contribute to expansion of the country’s market. Preference for cocktails with innovative flavors among millennials is likely to surge, thereby pushing sales of numerous formats of packaging, including specialty tin cans in India.
In September 2021, Pune-based RM Beverages unveiled ‘In A Can,’ the country’s first ready-to-serve canned cocktails. The company is focusing on providing good quality cocktails at a relatively low price and with high convenience. The newly launched cocktails have natural flavors, and are ideal of conventional connoisseurs, as well as cocktail enthusiasts. Launch of similar unique beverages by India-based start-up companies in can formats would hence propel sales of specialty tin cans.
Use of Beaded Decorative Tin Containers to Surge as Companies Strive to Reduce Transport Costs
Based on product type, demand for beaded tin cans is projected to surge at a valuation of USD 342.9 million by 2032. As beaded tin does not react with food materials, it is capable of extending their shelf life.
When it comes to packaging and transporting goods over a long distance, the issue of weight is crucial. Service providers often charge a high transport fee based on weight of the load that is set to be shipped. Companies are hence using beaded specialty tin cans to cut down on transport costs as they are lightweight.
Sales of Metal Tin Containers to Skyrocket with Burgeoning Demand for Beverages among Millennials
Based on end use, the beverage segment is estimated to reach a valuation of around USD 259.6 million by 2032 in the global specialty tin cans market, finds Future Market Insights. Spurring demand for cider, beer, and carbonated soft drinks among millennials and gen z is projected to drive the segment.
Increasing implementation of stringent norms by government agencies worldwide to initiate plastic bans backed by rising concerns about the environment would also propel sales of specialty tin cans for beverage packaging purposes. Easy printing and labeling, high malleability, superior physical properties, and design innovations in the field of tin cans are expected to bode well for the market.
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Key companies in the global market are focusing on launching innovative products to expand their product portfolios. They are engaging in various organic and inorganic strategies such as mergers & acquisitions, collaborations, joint ventures, agreements, and new partnerships to co-develop unique products and strengthen their market position.
A few leading companies operating in the global market for specialty tin cans include Hindustan Tin Works Ltd, Ardagh Group S.A., Toyo Seikan Group Holdings, Ltd., Wilkinson Containers Ltd, Colep Packaging, LK-PremiumPack GmbH, Crown Holdings, Inc., and Falco S.p.A. among others.
For instance,
| Attribute | Details |
|---|---|
| Estimated Market Size (2022) | US$ 566.2 million |
| Projected Market Valuation (2032) | US$ 899.4 million |
| Value-based CAGR (2022 to 2032) | 4.8% |
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2021 |
| Market Analysis | Value (US$ million) |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Germany, Italy, France, United Kingdom, Spain, Russia, China, Japan, India, Gulf Cooperation Council Countries, Australia |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Segments Covered | Product Type, Closure, End Use, Capacity, and Region |
| Key Companies Profiled | 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 |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The global market was figured out to be around US$ 566.2 million in 2022.
The net worth of the global market could reach around US$ 899.4 million by 2033.
Beaded tin cans are preferred more, and their sales may reach US$ 342.9 million by 2033.
Ardagh, Allstate, and Colep are some leading producers of specialty tin cans.
Increasing demand for canned vegan food items are poised to drive the market sales.
| Market Value for 2024 | USD 1.5 billion |
|---|---|
| Market Value for 2034 | USD 2.0 billion |
| Market Forecast CAGR for 2024 to 2034 | 3.50% |
| Estimated Market Size (2024E) | USD 40.4 billion |
|---|---|
| Projected Industry Value (2034F) | USD 49.3 billion |
| Value-based CAGR (2024 to 2034) | 2% |
| Market Valuation (2023) | USD 900 million |
|---|---|
| Market Valuation (2033) | USD 2.0 billion |
| Market CAGR (2023 to 2033) | 8.3% |
| Market Estimated Size (2023E) | USD 197.5 billion |
|---|---|
| Projected Market Valuation (2033F) | USD 317.7 billion |
| Value-based CAGR (2023 to 2033) | 4.9% |
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