The Lever Lid Tinplate Containers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Lever Lid Tinplate Containers Global Market Report 2024, 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%. The growth in the forecast period can be attributed to increasing demand for lever lid can, increasing demand for longer shelf life of products, improved protection from external shocks, innovations in container design and materials, and shift towards directly lacquered and printed tinplates. Major trends in the forecast period include technological advancements, growing demand for sustainable packaging solutions, increasing preference for rigid and durable containers, innovations in container designs and materials, and customization and personalization of containers.
The growing e-commerce sector is expected to propel the growth of the lever lid tinplate containers market going forward. The e-commerce sector is broad and diverse, encompassing various types of businesses and platforms that facilitate online transactions. The growth of the e-commerce sector is due to convenience, wider product selection, competitive pricing, global reach, changing consumer behaviors, and omnichannel adaptation by traditional retailers. Lever lid tinplate containers facilitate secure and durable packaging solutions ideal for e-commerce and retail, ensuring safe shipment and storage of goods. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, in the first quarter of 2024, e-commerce sales rose by 8.5% compared to the same period in 2023, while total retail sales saw a 2.8% increase. Therefore, the growing e-commerce and retail sectors drive the lever lid tinplate containers market.
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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
Major companies operating in the lever lid tinplate containers market are focused on strategic investments to expand their production capacities, enhance product innovation, and improve their market presence. Production facilities and equipment investments allow companies to ramp up their manufacturing capabilities. This enables them to meet growing demand efficiently and reduce lead times, improving customer satisfaction. For instance, in June 2024, Invopak, a UK-based packaging company, expanded its operations by inaugurating a new €5 million ($5.41 million) factory in Manchester. This strategic move involved venturing into manufacturing tinplate packaging internally, responding to challenges from post-Brexit supply chain disruptions and currency fluctuations.
The lever lid tinplate containers market report table of contents includes:
1. Executive Summary
2. Lever Lid Tinplate Containers Market Characteristics
3. Lever Lid Tinplate Containers Market Trends And Strategies
4. Lever Lid Tinplate Containers Market – Macro Economic Scenario
5. Global Lever Lid Tinplate Containers Market Size and Growth
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32. Global Lever Lid Tinplate Containers Market Competitive Benchmarking
33. Global Lever Lid Tinplate Containers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Lever Lid Tinplate Containers Market
35. Lever Lid Tinplate Containers Market Future Outlook and Potential Analysis
36. Appendix
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