What are the Historical Developments and Current Growth Metrics of the Lever Lid Tinplate Containers Market?
The lever lid tinplate containers market has seen considerable growth due to a variety of factors.
• The lever lid tinplate containers market has grown significantly in recent years. It will increase from $1.46 billion in 2024 to $1.58 billion in 2025, growing at a CAGR of 8.6%.
This growth is driven by the demand for sustainable packaging, the global expansion of manufacturers, the growth of e-commerce and retail sectors, rising consumer awareness about product freshness, and increased demand from end-use industries.
What is the Forecasted Market Size and CAGR for the Lever Lid Tinplate Containers Market?
The lever lid tinplate containers market is expected to maintain its strong growth trajectory in upcoming years.
• The lever lid tinplate containers market is projected to grow to $2.17 billion by 2029, at a CAGR of 8.2%.
Growth will be driven by the increasing demand for longer shelf life products, better protection from external damage, design and material innovations, and the shift to directly lacquered and printed tinplates. Trends include technological advancements, sustainable packaging, durable containers, and customizability.
What Key Factors and Trends Are Driving The Growth Lever Lid Tinplate Containers Market?
The growing e-commerce sector is expected to boost the lever lid tinplate containers market. E-commerce growth is fueled by consumer demand for convenience, better pricing, and a broader range of products. Lever lid tinplate containers are essential in the e-commerce supply chain due to their durability and secure packaging properties. For example, in May 2024, e-commerce sales in the US rose by 8.5% in the first quarter. The expanding e-commerce sector is increasing the need for these containers.
What Are The Market Segments In The Lever Lid Tinplate Containers Market?
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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How Are New Trends Impacting The Size Of The Lever Lid Tinplate Containers Market?
Key players in the lever lid tinplate containers market are channeling their resources towards strategic investments to bolster their production capabilities, foster product innovation, and strengthen their market standing. By investing in the enhancement of production facilities and machinery, these companies can effectively amplify their manufacturing prowess. This lets them cater to mounting demand more competently while shortening lead times and boosting customer satisfaction. For instance, in June 2024, Invopak, a UK-based packaging business, broadened its operation range by launching a new factory in Manchester worth €5 million ($5.41 million). This strategic initiative included the transition to in-house manufacture of tinplate packaging to mitigate the struggles arising from post-Brexit supply chain interruptions and currency volatility.
Who Are the Key Players In The Lever Lid Tinplate Containers Market?
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
What Are The Regional Insights Into The Lever Lid Tinplate Containers Market?
Asia-Pacific was the largest region in the lever lid tinplate containers market in 2023. 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.
