Lever Lid Tinplate Containers Market Report 2024

The lever lid tinplate containers market size has grown strongly in recent years. It will grow from $1.35 billion in 2023 to $1.46 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth during the historical period can be attributed to sustainable packaging solutions, the expanding global presence of manufacturers, the growth of e-commerce and retail sectors, rising consumer awareness about product freshness, and increased demand from end-use industries.

The lever lid tinplate containers market size is expected to see strong growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. Looking ahead to the forecast period, growth can be attributed to rising demand for lever lid cans, the increasing need for longer shelf life of products, enhanced protection against external impacts, innovations in container design and materials, and a shift towards directly lacquered and printed tinplates. Key trends anticipated in the forecast period include technological advancements, a rising preference for sustainable packaging solutions, growing demand for sturdy and resilient containers, continuous innovations in container materials and designs, and the trend towards customization and personalization of packaging solutions.

The lever lid tinplate containers market is poised for growth, driven by the expanding e-commerce sector. E-commerce encompasses a wide array of businesses and platforms that facilitate online transactions. This growth is fueled by factors such as convenience, extensive product choices, competitive pricing, global accessibility, evolving consumer preferences, and the adoption of omnichannel strategies by traditional retailers. Lever lid tinplate containers offer secure and durable packaging solutions, crucial for the safe shipment and storage of goods in both e-commerce and retail settings. For instance, recent data from the United States Census Bureau revealed an 8.5% increase in e-commerce sales in the first quarter of 2024 compared to the previous year, highlighting the sector's robust expansion and its impact on the lever lid tinplate containers market.

Key players in the lever lid tinplate containers market are actively investing in strategic initiatives to bolster their production capacities, drive product innovation, and strengthen market presence. Investments in production facilities and equipment enable these companies to efficiently meet growing demand, reduce lead times, and enhance customer satisfaction. For example, Invopak, a UK-based packaging firm, recently inaugurated a new €5 million ($5.41 million) factory in Manchester in June 2024 to expand its tinplate packaging manufacturing capabilities internally, addressing challenges posed by post-Brexit supply chain disruptions and currency fluctuations.

In January 2024, Tata Steel Ltd, an India-based steel manufacturer, completed its merger with The Tinplate Company of India Limited (TCIL), enhancing its production capacity and product portfolio, which includes lever lid tinplate containers. TCIL specializes in manufacturing tin sheet cans, further consolidating the market position of the combined entity.

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.

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.

The countries covered in the lever lid tinplate containers market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Lever-lid tinplate containers are cylindrical metal containers made from tinplate (steel coated with a thin layer of tin) or sometimes aluminum. These containers feature a hinged lever mechanism on the lid, enabling easy opening and closing without the need for additional tools. Lever-lid tinplate containers are favored in industries where secure and convenient packaging is crucial, providing protection and ease of use for various products.

The main types of lever-lid tinplate containers include metal, tin, steel, and aluminum. These containers, primarily made from metallic materials, come in various capacities ranging from 125 to 15,000 ml. They are used by several end users, including the food, chemical, paint, and ink industries, among others.

The lever lid tinplate containers market research report is one of a series of new reports that provides lever lid tinplate containers market statistics, including the lever lid tinplate containers industry global market size, regional shares, competitors with lever lid tinplate containers market share, detailed lever lid tinplate containers market segments, market trends, and opportunities, and any further data you may need to thrive in the lever lid tinplate containers industry. These lever lid tinplate containers market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The lever lid tinplate containers market consists of sales of standard paint cans, aerosol paint cans, tea and coffee tins, solvent cans, oil cans, adhesive cans, gift tins, promotional tins, storage tins, and craft supply tins. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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