Assessing the development trends of tin box packaging in the second half of 2024

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    In the field of tin box packaging, innovative and beautiful designs can greatly enhance the attractiveness of products. Shangzhimei tin box manufacturer has specially launched a spherical tin box with a hand rope, which is tailored for delicious foods such as chocolate, candy and biscuits. This tin box is not only refined in material and craftsmanship, but also innovative in design, bringing consumers a new experience.

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Assessing the development trends of tin box packaging in the second half of 2024

2024-09-13 16:53:03

In recent years, the tin box packaging market has shown various development trends. The global tinplate packaging container industry market size will reach US$18.801 billion in 2023, of which Asia accounts for approximately 46.95%. While meeting domestic demand, China's tinplate packaging containers have also achieved a prominent position in the international market.

Judging from relevant data, China's tinplate packaging container market size will decrease by 17.2% year-on-year in 2023, and it is expected that China's tinplate packaging container market size will decrease by 2.9% year-on-year in 2024. This shows that the tinplate packaging container market is facing certain challenges, but the decline has narrowed.

For tin box packaging, the market size of the tin box industry in 2023 is estimated through extensive first-hand research and data monitoring covering major industries. The market size is measured using various methods such as source inference method, strong correlation data inference method, demand inference method, and sampling analysis method.

In the tinplate packaging industry, the global tinplate packaging tin box market size will be approximately 100 million yuan in 2022. The compound annual growth rate from 2018 to 2022 will be approximately %. It is expected to continue to maintain steady growth in the future. China's tinplate packaging market occupies about 30% of the global market share, making it one of the world's most important consumer markets, and its growth rate is higher than that of the world.

In terms of the metal packaging industry, China's metal packaging industry has a high market concentration. In 2020, ORG ranked first in the market with a market share of 9.75%, an industry CR3 of 21.81%, and a CR10 of 35.48%. As the concentration of industries in the downstream industry continues to increase, and the Chinese government intensifies its efforts to implement the "energy conservation and emission reduction" strategy, inferior companies with smaller scales, poor product quality, and high energy consumption in the industry will face tremendous pressure to survive. This creates a new situation within the industry. Industry consolidation by high-quality companies brings good opportunities.

Taken together, the global tin box packaging development trend in the second half of 2024 may be affected by many factors. On the one hand, with the increase in environmental awareness and the rise of green consumption, tin box packaging may be favored by more consumers because of its recyclability and environmental protection. On the other hand, market competition is still fierce, product homogeneity is serious, and price wars are fierce. Enterprises need to strengthen technological innovation, improve product quality, reduce production costs, and at the same time focus on brand building and personalized customization to meet the needs of different consumers. In addition, with the popularization of intelligent production, tin box packaging companies also need to strengthen the construction and application of intelligent production systems and improve the automation and intelligence level of the production process. At the same time, companies need to pay attention to environmental protection regulations and policies, strengthen environmental management, and adopt environmentally friendly materials and technologies to achieve sustainable development.

Tin box packaging market size in 2023

The market size of the tin box industry in 2023 is determined through extensive first-hand research and data monitoring covering major industries. This includes investigating the output and output value of the target product within a specified period of time, which will be comprehensively considered based on the population, people's needs, age distribution, the wealth and poverty of the region, etc. Market size is not only the market sales of tin box products within a certain range, but also covers the size of users or sales volume.
A variety of methods are used to estimate the size of the tin box market. The source inference algorithm traces the market size of the industry back to the source industry that gave birth to the industry, and deduces the data of the tin box industry by interpreting the source industry data. The strong correlation data estimation method uses the analysis of industries that are strongly related to the tin box industry to confirm the accuracy of market size data. The demand estimation method is based on the needs of the target customers of tin box products to calculate the size of the target market. Sampling analysis method is to extract a certain sample from the population through sampling method, and then infer the overall situation based on the sample. Sampling methods mainly include random sampling, stratified sampling, overall sampling, systematic sampling and snowball sampling.

Reasons for the decline in China’s tinplate packaging container market in 2023

The decline in China's tinplate packaging container market size in 2023 will be mainly affected by the reduced demand from the downstream food and beverage industry. In recent years, the global economic situation has been complex and changeable, and consumers' consumption habits are constantly adjusting. As the main downstream application field of tinplate packaging containers, the food and beverage industry's reduced demand has directly led to the decline in the market size of tinplate packaging containers.
At the same time, fluctuations in raw material prices also have an impact on the market size. For example, the price fluctuation of tinplate may affect the production cost of packaging containers, which in turn affects the company's production decisions and market supply. In addition, intensified market competition may also cause some companies to lower prices to compete for market share, thus affecting the overall market size.

Global tinplate packaging box market size and growth trend

The global tinplate packaging can market size in 2022 is approximately a certain amount (for specific values, refer to the relevant content in the search results). Overall, the global tinplate packaging can market demand has continued to grow in recent years, and the market size has continued to expand. In 2017, the global tinplate packaging container industry market size exceeded the US$10 billion mark. In 2022, the global tinplate packaging container industry market size will reach US$18.801 billion, of which Asia accounts for approximately 46.95%, North America accounts for approximately 18.12%, and Europe accounts for approximately 26.14%.
The development of the global tinplate packaging can industry has been relatively mature, and its demand has generally maintained a relatively stable growth trend. However, due to the cross-influence of the substitution of other materials and the growth of emerging markets, as well as the sharp fluctuations in the prices of raw materials such as steel, the market size of tinplate three-piece cans has shown a relatively slight upward trend of fluctuations. It is expected that in the future, as the global economy gradually recovers and consumer demand continues to grow, the global tinplate packaging can market will continue to grow, but the growth rate may be affected by a variety of factors, such as raw material price fluctuations, intensified market competition, Environmental protection policies, etc.

China’s tinplate packaging can market share

China's tinplate packaging can market occupies an important position in the global market. At present, the leading companies in China's tinplate packaging container industry mainly include Origen, COFCO Packaging, Baosteel Packaging, Jiamei Packaging, etc. From the perspective of revenue, except for Jiamei Packaging, the total operating income of ORG, COFCO Packaging and Baosteel Packaging will maintain a growth trend in 2022, and the total operating income of ORG will be higher than that of COFCO Packaging, Baosteel Packaging and Jiamei Packaging.
From the perspective of revenue structure, ORG's operating income in 2022 will mainly come from metal packaging products and services, accounting for as high as 88.02%; COFCO Packaging tinplate packaging sales revenue in 2022 will reach 4.213 billion yuan, with a gross profit margin of approximately 12.4%, accounting for 88.02% of the total operating income. 41.1% of revenue; Baosteel's packaging operating revenue in 2022 will mainly come from metal beverage cans, accounting for as high as 90.25%; Jiamei's packaging operating revenue in 2022 will mainly come from three-piece cans, accounting for as high as 67.13%. Overall, leading companies occupy a larger market share, the industry is highly concentrated, and there are a large number of small and medium-sized enterprises, which still occupy a certain market share.

Metal packaging industry market concentration

Overall, the market concentration of China's metal packaging industry is relatively high. Origin, which ranked first in 2020, had a market share of 9.75%, an industry CR3 of 21.81%, and a CR10 of 35.48%. As the concentration of industries in downstream industries continues to increase, and the country intensifies its efforts to fully implement the long-term development strategy of "energy conservation and emission reduction", smaller and inferior enterprises in the industry with poor product quality and high energy consumption will face huge pressure to survive. This will bring good opportunities for industry consolidation for high-quality companies in the industry. As industry consolidation and industry concentration increase, high-quality companies will gain huge room for development.
The market concentration of China's packaging industry is low. Shenzhen Yutong Packaging Technology Co., Ltd., which ranks first in 2022, has a market share of only 1.3%. In my country's metal packaging industry, the competition pattern of the tinplate three-piece can market is relatively good, and the industry concentration is relatively high. In 2022, the market shares of the three domestic companies Origen, Jiamei Packaging, and Shengxing Co., Ltd. are 27%, 20%, and 19% respectively, and CR3 totals 66%.

Tin box packaging will be affected by environmental protection in the second half of 2024

As global environmental awareness continues to increase, tin box packaging will be profoundly affected by environmental protection policies in the second half of 2024. The green packaging industry is of great significance to promoting my country's green development, reducing environmental pollution, and improving resource utilization efficiency. In 2024, both the world and my country have introduced a series of environmental protection policies for the green packaging industry, including restricting the use of single-use plastics, encouraging the research and development and application of green packaging materials, and formulating standards and specifications for the green packaging industry.
For tin box packaging, although the tin box itself is recyclable and has certain advantages in environmental protection compared with traditional packaging, environmental protection issues still need to be paid attention to during the production process. For example, tin box manufacturers need to comply with environmental protection requirements in terms of energy consumption and waste disposal during the production process. At the same time, environmental protection policies may push the tin box packaging industry to accelerate technological innovation and develop more environmentally friendly production processes and materials to adapt to market demand.

Intelligent production of tin box packaging in the second half of 2024

Against the background of continuous technological advancement, intelligent production of tin box packaging will be more widely used in the second half of 2024. Intelligent production technology has been widely used in the packaging box industry. The introduction of automated production lines and intelligent printing technology has improved production efficiency and product quality, while reducing production costs.
For example, the automated production line of China's Shangzhimei Tin Box Factory integrates international cutting-edge technology with localized production needs, realizing full automated production from raw materials to finished products. This production line has the characteristics of high efficiency, energy saving, strong stability, and flexible customization. Equipped with an intelligent control system, the production process is automated and precise, significantly reducing energy consumption and significantly improving production efficiency. Adopting a modular design concept, the failure rate is extremely low and maintenance is convenient, ensuring the continuity and stability of the production process. According to customer needs, we provide customized iron box services of different specifications and shapes to fully meet the diverse needs of the market.

Tin box packaging brand building in the second half of 2024

Brand building is increasingly important in the tin box packaging industry. Tin box packaging brings higher added value and brand premium to products, and consumers are increasingly demanding high-quality tin box packaging. Brands can showcase their image and values ​​through logos and logos on tin boxes, creating a stronger emotional connection with consumers.
For example, the introduction of Starbucks coffee tin packaging brought many positive effects to the brand. The uniqueness of tin box packaging sets the brand apart and makes it stand out in the fierce market competition. When consumers choose liquor, it is easier to remember this unique brand image, thereby increasing the brand's influence and market share. At the same time, tin box packaging gives consumers a high-end and luxurious feeling, improving the brand's profits and market position.

Taken together, the development trend of the tin box packaging industry in the second half of 2024 shows multi-faceted characteristics. In terms of market size, although there may be certain fluctuations due to the influence of some factors, with the gradual recovery of the global economy and the continuous growth of consumer demand, there is still some room for development. In terms of market share, leading companies will continue to occupy a larger share, and industry concentration is expected to further increase. In terms of environmental protection, environmental protection policies will promote the tin box packaging industry to accelerate technological innovation and develop more environmentally friendly production processes and materials. In terms of intelligent production, technological progress will prompt the tin box packaging industry to apply intelligent production technology more widely to improve production efficiency and product quality. In terms of brand building, the importance of brand will become increasingly prominent, and companies will pay more attention to enhancing brand image and value through iron box packaging. In short, in the second half of 2024, the tin box packaging industry will continue to develop and move forward amidst challenges and opportunities.