Tinplate packaging to register CAGR of 4.2% from 2019-2029
The global tinplate packaging market is projected to experience steady growth at a CAGR of approximately 4.2% over the forecast period spanning 2019 to 2029. This growth trajectory is driven by several factors, including the continued reliance of companies on polyester or acrylic materials as ideal substitutes for Bisphenol A (BPA).
20 Mar 2024 | By PrintWeek Team
This was revealed in a Fact.MR report released recently.
Major players in the tinplate packaging market are increasingly offering BPA-free products in response to consumer demand for safer and more environmentally friendly packaging options. This trend has contributed significantly to the expansion of the tinplate packaging market as consumers prioritise products that are free from potentially harmful substances.
In recent years, the tinplate packaging industry has witnessed several micro-trends, particularly in response to concerns regarding the use of Bisphenol A (BPA) due to its high toxicity in end-use industries.
As a result, tinplate packaging manufacturers are increasingly shifting away from the usage of BPA and exploring alternative options. One such alternative being experimented with is Bisphenol-S (BPS). Additionally, companies are turning towards acrylic or polyester materials as replacements for BPA, offering safer and more environmentally friendly packaging solutions.
To capitalise on this trend and address consumer preferences for safer products, many companies are now showcasing their tinplate packaging products as free from BPA. This marketing strategy aims to increase demand by assuring consumers of the safety and quality of the packaging materials.
Against the backdrop of these shifts within the tinplate packaging market, the industry is expected to register a CAGR of 4.2% during the forecast period. These trends reflect a growing awareness and prioritisation of health and environmental concerns within the packaging industry, driving innovation and evolution in packaging materials and practices.