The introduction of tin cans was at the beginning of nineteen century, especially used to store & preserve food for the Royal Navy of the United Kingdom, the purpose of introduction of tin cans were to find alternative solutions to the glass which could be less fragile and preserve edible products for a longer duration.
Tin cans have its feature to act as a barrier against the light, moisture, contamination, and extreme temperatures. Tin cans are 100% recyclable & reusable without losing its quality. Tin cans are an alternative solution for packaging in comparison with plastic products. The various association is coming up to encourage the usage of tin cans instead of plastic due to its eco-friendly nature.
Tin cans are helpful in the storage of Food & beverages as tin cans intact the vitamin content of the product, without needing preserving agents. Tin can are stronger than plastic or cartons, this feature of tin can gives dual benefit to the product owner, saving the cost on secondary packaging and transit becomes safe. The rate of recycling of tin cans packaging has been two and half times more than any other packaging solution.
The demand for a healthy lifestyle and solution is the new trend of the market, followed by alternative packaging solutions. Tin cans are a convenient method of packaging and storage that has witnessed a growth in recent years exclusively in luxury segments of the products. Tin cans are widely gaining traction in the global market, especially in the food & Beverages segment of packaging.
The increase in personal product portfolio has naturally boosted the packaging market, consumer’s demands for lightweight packaging, with an increase health awareness in regards to the use of non- carcinogenic packaging materials has pushed the high growth opportunities for the tin cans market.
However, the growing substitute of polymer-based packaging material i.e. polyethylene terephthalate (PET) and polyethylene packaging is anticipated to hamper the market of tin cans in the overall packaging market.
Though the market is covered with plastic packaging solutions across the global market, due to its non-degradable feature, a huge amount of money is been spent on research of its alternative solutions to safeguard the market from its ill effects while its disposal.
The manufactures of tin cans are coming up with customized labeling and designing solutions to gain customer’s attention and boost their sales. Tin cans manufacture are using an exclusive and exceptional finish with the help of thermo chromic, noon, photochromic and OV for designing.
Tin can manufacturers also using temperature-sensitive finishing material i.e. thermo chromic ink, so the consumers to make consumers realize the perfect temperature for consumption, as photochromic ink has a unique feature that changes its color when exposed to light. Tin cans manufacturers are adding additional digital printing technology on tin cans that are adding up eye-catching colors with striking visuals leading to gain market growth.
The growth of the Asia-Pacific market is anticipated to grow at a higher rate as compared to other global markets, due to the increase in consumption of tin cans in the end-use industry. The region has witnessed remarkable industrial market growth of tin cans due to the fact of an increase in industrial growth in the regional market.
The government has taken initiative to promote business operations to established consumer-oriented industries. The rise in sustainable and eco-friendly products has given a push tin cans market in developed economies in the recent past and expected to grow at an increasing margin. The rest of the world is to gain an average growth rate of the tin cans market.
The leading companies operational in the Tin Cans market are Ardagh Group S.A.., Silgan Containers LLC, Ball Corporation, Crown holding Inc., BWAY Corporation, Rexam plc among others and many indigenous and unorganized companies are likely to give to the worldwide Tin Cans market in the latest upcoming years.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on Tin Cans market segments and geographies.
Globally, Tin Cans market has been segmented by material, type, and end-use.
On the basis of material
On the basis of type
On the basis of end-use
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Tin Cans Market
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