Valley Cottage, NY -- (SBWIRE) -- 07/16/2019 -- Tin Containers Market: Overview
In packaging industry, the use of metal is on a slow decline, the ongoing trend towards continuing reduction in the weight of packaging meant that more containers and packaging can be made from the same overall weight of the metal. Therefore, metal still remains competitive with other materials. In pharmaceutical and chemical industry, tin containers are enjoying significant share. Tin containers are generally made up of tinplate, a metal alloy consists of steel sheets coated with a thin layer of tin. Tin containers are available in variety of shapes, styles and sizes ranging from small collapsible tubes to large built up containers. In the market, tin containers are generally available in two variants namely – build-up containers and lidded shallow drawn containers. Other than pharmaceutical industry, tin containers are widely used in industries such as paint & coatings, beverages and chemical industries. The outlook for tin containers is expected to witness positive growth prospects during the forecast period.
Tin Containers Market: Dynamics
The rising use of tin containers in paint & coating industry and beverage industry is expected to drive the global tin containers market during the forecast period. In the pharmaceutical industry, tinplate and tin containers are used for the packaging of pastille, ointment, powders, capsules and other products. Tin containers are relatively unbreakable, opaque, strong and impervious to gases, moisture, odour and microbes. Besides, tin containers are also resistant to both low and high temperature. These factors are supposed to propel the growth of the global tin containers market during the forecast next decade. Tin containers can be custom made as per the customers' requirement. Also, tin containers offer excellent printability which helps in brand credibility. Though tin containers are being increasingly challenged by plastic and glass containers, the tin has a competitive edge over them in terms of their high-speed manufacturing and ease of filling. In terms of aerosols, tin containers have predominantly established themselves. These factors are expected to fuel the growth of the global tin containers market during the next decade. The factors which can hamper the growth of the tin containers market is the rising adoption of containers made up of aluminium, plastic and glass. Overall the global tin containers market is expected to witness positive growth in the coming years.
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Tin Containers Market: Segmentation
Globally, the Tin containers market has been segmented on the basis of product type, capacity, application, end use and region:
On the basis of product type, the global tin containers market has been segmented as:
Built-up Containers
Shallow drawn Containers
On the basis of capacity, the global tin containers market has been segmented as:
<100 ml
100 ml to 500 ml
500 ml to 1000 ml
>1000 ml
On the basis of application, the global tin containers market has been segmented as:
Paint Containers
Conetop Containers
Monotop Containers
Oblong/F-style Containers
Edible oil Containers
Aerosol Containers
Others
On the basis of end use, the global tin containers market has been segmented as:
Pharmaceuticals
Food & Beverages
Paint & Coatings
Chemicals
Others
Regional Outlook
North America region with countries such as the U.S. and Canada are expected to drive the global tin containers market during the forecast period. It is owing to the presence of global beverage manufacturers of tin containers such as PepsiCo and Coca Cola. Similar trends are followed by European nations such as France, Germany, Belgium and the U.K. among others countries with high number of food companies operating. These companies are expected to drive the demand for the tin containers market during the forecast period. China, India, and other South East Asian economies are supposed to witness lucrative demand for the tin containers during the next decade owing to high tin number of food processing companies in the region coupled with high production of tin in some of the Asian countries.
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Tin Containers Market: Key Players
Some of the leading players operating in the global tin containers market are:
Ardagh Group S.A.
Ball Corporation
Crown Holdings, Inc.
Cerviflan Industrial E Comercial Ltda
Colep Portugal S.A.
NCI Packaging
Jamestrong Packaging
Aryum Aerosol Cans Ltd