Get the latest insights on price movement and trend analysis of Tin Plate in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Tin rose to 33,736 USD/T on August 7, 2025, up 1.08% from the previous day. Over the past month, Tin's price has risen 1.02%, and is up 10.63% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Tin - values, historical data, forecasts and news - updated on August of 2025.

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Tinplate Market Size 2022-2026

Based on Technavio's market sizing methodology, the tinplate market size is predicted to surge to 3236.02 metric tons from 2021 to 2026 at a CAGR of 2.25%.

This tinplate market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The tinplate market report offers information on several market vendors, including ArcelorMittal SA, GPT Steel Industries Ltd., JFE Holdings Inc., JSW STEEL Ltd., Nippon Steel Corp., POSCO Group, Sinosteel Corp., Thyssenkrupp AG, Tinplate Co. Of India Ltd., and United States Steel Corp. among others.

This report further entails tinplate market segmentations, including:

Type - Double reduced and single reduced
Geography - APAC, Europe, North America, MEA, and South America

What will the Tinplate Market Size be During the Forecast Period?

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Tinplate Market: Key Drivers, Trends, and Challenges

The increasing launch of new food and beverage products in metal cans is notably driving the tinplate market growth, although factors such as volatility in raw material prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tinplate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tinplate Market Driver

One of the key factors driving growth in the tinplate market is the increasing launch of new food and beverage products in metal cans. Nowadays, vendors prefer to use metal packaging for new products. Some new food and beverages that use metal packaging are, in September 2019, Diageo plc (Diageo) launched its new Guinness’ Over the Moon Milk Stout in metal cans. The new product contains about 5.3% ABV (alcohol by volume). In July 2019, Princes Ltd. (Princes) launched two new canned fish-based product ranges, Infused Tuna Fillets and Mackerel Sizzle. The Mackerel line contains skinless and boneless mackerel fillets in a marinade, while the Tuna range features the hand-picked pieces of tuna infused in oil. Thus, the rising number of launches of food and beverage products in metal packaging is expected to drive the growth of the global tinplate market in the F&B packaging sector during the forecast period.

Key Tinplate Market Trend

One of the key tinplate market trends fueling the market growth is the product launches and recycled packaging. Vendors are investing in R&D to increase the usability of tinplate for end-users. For instance, in July 2019, JSW Steel, a subsidiary of JSW Group, introduced Platina, a premium tinplate material in India. For the project, the company invested more than USD130 million to expand its tinplate capacity to 0.5 million MT in Maharashtra. This kind of product launch will strengthen vendors’ market presence. Furthermore, end-users such as packaging industry players are coming with recycled tinplate materials for F&B packaging and FMCG packaging. Due to the increasing popularity of recycled tinplate, vendors are expected to focus more on sustainable tinplate production.

Key Tinplate Market Challenge

The volatility in raw material prices will be a major challenge for the tinplate market during the forecast period. Various types of raw materials are used in tinplate, such as iron or steel and tin. The cost of these raw materials determines the price of the end product. The widening gap between the demand for and supply of the above raw materials in the last few years has led to a considerable increase in their prices. Factors affecting the price of raw materials are the changing economic conditions, currency fluctuations, commodity price fluctuations, transportation costs, resource availability, and political instability. Thus, fluctuations in the prices of raw materials like steel and tin are expected to pose a challenge to the market.

This tinplate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global tinplate market as a part of the global diversified metals and mining market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tinplate market during the forecast period.

Who are the Major Tinplate Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors,

Get the latest insights on price movement and trend analysis of Tin in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

According to Cognitive Market Research, the global Tinplate Packaging Marketsize will be USD 761.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market, accounting for more than 40% of global revenue. With a market size of USD 304.48 million in 2024, it will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 228.36 million.
Asia Pacific held a market of around 23% of the global revenue with a market size of USD 175.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America's market will have more than 5% of the global revenue with a market size of USD 38.06 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Middle East and Africa are the major markets with around 2% of the global revenue with a market size of USD 15.22 million in 2024. They will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Containers held the highest Tinplate Packaging Market revenue share in 2024.

Market Dynamics of Tinplate Packaging Market

Key Drivers of Tinplate Packaging Market

Rising Demand for Tinplate Packaging in the Food & Beverage Industry to Propel the Market Growth

Tinplate packaging is becoming increasingly popular in the food and beverage end-user industry due to its numerous benefits and advantages. Tinplate, a thin tin-coated steel sheet, is versatile, durable, and cost-effective for various applications such as cans, boxes, drums, and containers. Tinplate is considered an excellent packaging material for food and beverage products since it is corrosion-resistant, non-reactive with food, and quickly made and formed. The lightweight and low-cost attributes of the tinplate make the packaging type an appealing option for industries seeking economical and efficient packaging solutions. Tinplate packaging is also considered to be versatile. Tinplate packaging can be printed, embossed, or lithographed in various colors and designs.

Increasing Packaged or Tinned Foods to Drive Market Growth

The demand for tinplate packaging is increasing as the demand for packaged or tinned foods and beverages rises. The need for tinplate packaging solutions is growing in tandem with the demand for aerosol packaging. The tinplate packaging market will see even more profitable growth prospects as the demand for metal packaging in the alcoholic beverage industry grows. Tinplate's appealing attributes and characteristics, such as eco-friendliness and recyclability, will boost demand for tinplate packaging even more.

Restraint Factors Of Tinplate Packaging Market

Rise in Raw Material Costs Restricts the Market Growth

The rise in raw material costs is the primary factor severely hampering the global tinplate packaging market growth and development. Tinplate comprises sheet steel coated with a thin layer of tin and is mainly used for food * beverage, healthcare, and other industry verticals. The escalating raw material prices, such as steel, are a significant impediment to the expansion of the tinplate packaging industry. Steel is a primary raw material used in tinplate packaging and one of the most expensive components. Furthermore, the cost of tinplate is rising due to rising aluminum and zinc raw material costs. The increased demand for tinplate packaging is another important element contributing to rising raw material costs.

Impact of COVID-19 on the Tinplate Packaging Market

The demand for tinplate packaging is expected to decrease in 2020 due to low demand from different industries, such as manufacturing and food industry, due to the lockdown imposed by the governments of many countries.COVID-19 crisis is likely to affect the tinplate packaging industry negatively, as a result of halted manufacturing and massive reduction in demand for luxury and non-essential services globally.The COVID-19 crisis had a mixed impact on the packaging industry, mainly due to the closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown. The requirement of eCommerce-specific packaging is likely to remain strong, although ecommerce companies would have to focus on the protection of goods and sanit...

This statistic depicts the average annual prices for tin from 2014 through 2026*. In 2024, the average price for tin stood at 30,066 nominal U.S. dollars per metric ton.

Graph and download economic data for Producer Price Index by Industry: Metal Can Manufacturing: Steel Cans and Tinware Products (PCU3324313324311) from Jun 1981 to May 2025 about tin, steel, metals, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

Tinplate Market Outlook

The global tinplate market size in 2023 stands at approximately USD 14.5 billion and is expected to reach around USD 20.7 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.0%. This robust growth can be attributed to multiple factors, including rising demand from the packaging industry, advancements in manufacturing technologies, and a growing emphasis on sustainable and recyclable materials.

The increasing demand for tinplate in the packaging industry is a primary driver of market growth. Tinplate’s properties of being non-toxic, recyclable, and offering superior protective qualities make it an ideal choice for packaging food, beverages, and other consumer goods. The surge in consumer preference for packaged foods, driven by urbanization and changing lifestyles, has significantly bolstered the need for tinplate. Furthermore, the increasing awareness of the environmental impact of plastic packaging has led manufacturers to shift towards more eco-friendly options like tinplate, thus further boosting market demand.

Technological advancements in the manufacturing process of tinplate have also played a crucial role in the market's expansion. Innovations such as improved coating techniques and enhanced production efficiencies have made tinplate more cost-effective and better performing. These advancements have not only increased the quality and durability of tinplate but also reduced production costs, making it more accessible to a wide range of industries. Additionally, improvements in recycling processes have made it easier and more economical to recycle tinplate, aligning with global sustainability goals and regulations.

The automotive and electronics industries are also contributing to the growth of the tinplate market. In the automotive sector, tinplate is used in various components due to its resistance to corrosion and high strength-to-weight ratio. Similarly, in the electronics industry, tinplate is gaining traction for use in electronic enclosures and battery casings because of its excellent shielding properties and durability. As these industries continue to expand and innovate, the demand for high-quality materials like tinplate is expected to rise substantially.

Regionally, the Asia-Pacific region dominates the tinplate market, driven by rapid industrialization, a growing population, and increased consumption of packaged goods. North America and Europe also represent significant markets, supported by well-established manufacturing sectors and stringent environmental regulations promoting the use of recyclable materials. Emerging markets in Latin America and the Middle East & Africa are expected to witness considerable growth due to improving economic conditions and increasing investments in industrial and consumer goods sectors.

Product Type Analysis

The tinplate market is segmented into two main product types: single reduced and double reduced. Single reduced tinplate refers to tinplate that has been rolled to its final thickness in a single cold-rolling process. This type of tinplate is characterized by its relatively lower strength but higher formability, making it suitable for a variety of applications where deep drawing and bending are required. The demand for single reduced tinplate is particularly high in the food and beverage packaging industry, where the ease of forming into different shapes is a significant advantage. Additionally, single reduced tinplate is often used in the production of cans and containers for household and industrial products, further driving its market share.

Double reduced tinplate, on the other hand, undergoes a second cold-rolling process, which increases its strength and stiffness while reducing its thickness. This type of tinplate is preferred for applications where higher strength and rigidity are essential, such as in the automotive and electronics industries. The increased strength of double reduced tinplate makes it ideal for producing components that need to withstand higher mechanical stresses, such as automotive parts and electronic enclosures. The growing use of double reduced tinplate in these high-performance applications is a key factor contributing to its rising demand.

The choice between single reduced and double reduced tinplate often depends on the specific requirements of the end application. For instance, in the packaging industry, where ease of forming and aesthetic appeal are crucial, single reduced tinplate is often preferred. In contrast, in industries like automotive and electronics, where durability and

Global Tinplate Market size & share value expected to touch USD 217.05 Billion by 2032, to grow at a CAGR of 4.2% during the forecast period.

Explore the factors influencing tinplate prices, including raw material costs, supply chain dynamics, and economic trends, impacting the packaging industry and broader economic conditions.

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Tin Market Size 2025-2029

The tin market size is forecast to increase by USD 876.6 million at a CAGR of 2.1% between 2024 and 2029.

The market is experiencing significant growth driven by the increasing demand for canned foods and beverages. This trend is particularly prominent in developing economies where the consumption of canned goods is on the rise due to their convenience, longer shelf life, and affordability. Another key driver is the shifting focus toward recycling of tin, which not only reduces environmental impact but also provides a sustainable source of raw materials for the industry. However, the market faces challenges as well. The increasing use of tin-free steel in the packaging industry poses a threat to tin's market share, as this alternative material offers similar benefits at a lower cost.
Companies in the market must navigate this competition and find ways to differentiate themselves through innovation, sustainability, or cost competitiveness to maintain their market position. Additionally, there is a growing focus on recycling tin, making it an environmentally friendly option for packaging. Overall, the market's dynamics present both opportunities and challenges for players, requiring strategic planning and agility to capitalize on emerging trends and mitigate potential threats.

What will be the Size of the Tin Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic market, various sectors demonstrate significant activity and trends. Tinplate recycling plays a crucial role in sustainability, with tinplate alloys being a key component in solder joint strength. Solder flux, an essential element in soldering processes, utilizes tin chloride applications. Tin refining processes continue to evolve, influencing tinplate production and tin industry investments. Tinplate applications extend beyond food packaging to include tin sulfide applications in various industries. Tinplate standards and solder specifications ensure consistency and reliability in manufacturing processes. Tin industry consolidation and acquisitions shape the competitive landscape, while mergers foster innovation in tinplate manufacturing and solder manufacturing.
Tin oxide applications in electronics and coatings add to the versatility of tinplate properties. Solder alloys and tinplate coatings enhance product performance and durability. Mining techniques for tin continue to evolve, impacting tin industry competition and the overall market dynamics. The tin industry remains a significant player in manufacturing, with investments in tin recycling technologies driving growth and innovation. Understanding the properties and applications of tinplate and solder alloys is essential for businesses seeking to optimize their production processes and stay competitive.

How is this Tin Industry segmented?

The tin industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Application

  Soldering
  Tin chemical
  Tinplate
  Lead acid battery
  Others


End-user

  Electronics
  Automotive
  Packaging
  Glass
  Others


Product Type

  Metal
  Alloy
  Compounds


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Application Insights

The soldering segment is estimated to witness significant growth during the forecast period. The market encompasses various applications, with soldering holding the largest volume share. Tin is utilized in soldering paste for bonding electronic components onto printed circuit boards (PCBs), enabling electrical connections. Commonly used alloys include tin-lead, tin-antimony, and tin-silver-copper. These pastes are essential for semiconductors and PCBs in consumer electronics, marine, automotive, and aerospace components. PCBs are integral to numerous electronic devices such as smartphones, computers, tablets, laptops, medical equipment, nuclear detection systems, and weather analysis equipment. Tin mining, refining, and recycling contribute to the market's supply chain. Mining regulations aim to ensure sustainable practices. Tin's corrosion resistance makes it suitable for various industries, including food and beverage packaging, aerosol cans, and automotive components.

Tin derivatives, such as tin oxide and tin chloride, are used in coatings, pigments, and catalysts. Hot-dip tin plating offers excellent adhesion and uniformity, making it a popular choice for various industries. Tin alloys, including tin-coated copper, are used in various applications d

Get key insights from Market Research Intellect's Tin Plate Market Report, valued at USD 12.5 billion in 2024, and forecast to grow to USD 18.2 billion by 2033, with a CAGR of 5.2% (2026-2033).

Tinplate Market is expected to grow at a high CAGR during the forecast period 2024-2031

The global tin market, valued at $7,097.8 million in 2025, is projected to experience a steady growth trajectory, driven by increasing demand from diverse sectors. The compound annual growth rate (CAGR) of 3% from 2025 to 2033 reflects a consistent, albeit moderate, expansion. Key drivers include the rising utilization of tin in electronics, particularly in solder for printed circuit boards, where miniaturization and increased functionality necessitate high-quality, reliable soldering materials. Growth is also fueled by the tinplate industry, crucial for food and beverage packaging, and the ongoing demand for tin in chemicals, brass and bronze alloys, and float glass manufacturing. While challenges like fluctuating tin prices and potential supply chain disruptions exist, these are likely to be offset by technological advancements improving tin extraction and refining processes, leading to enhanced efficiency and reduced costs. The market segmentation, categorized by application (solder, tinplate, chemicals, etc.) and production type (pyrogenic, electrolytic), provides valuable insights into specific growth pockets. Within the regional landscape, Asia Pacific, particularly China, is expected to remain a dominant force due to its significant manufacturing base and substantial tin production capacity. However, North America and Europe will also contribute notably, driven by robust electronics and automotive industries. The projected growth of the tin market hinges on several factors. Continued technological advancements in electronics, demanding higher quality and miniaturized components, will propel demand for tin-based solders. Similarly, the packaging industry's reliance on tinplate will maintain a substantial demand for this vital material. The diversification of tin applications into niche areas like specialty chemicals and advanced materials contributes to sustained market growth. However, environmental concerns regarding tin mining and processing need to be addressed for sustainable long-term expansion. This includes environmentally friendly mining practices and the development of more sustainable recycling solutions to minimize the environmental footprint of the industry. Competitive dynamics amongst major players like Yunnan Tin, MSC, and PT Timah will also shape market dynamics over the forecast period.

The market for tinplate packaging is expected to increase at a rapid pace over the next ten years. The global market for tinplate packaging is projected to be worth around US$ 743.1 million in 2024. The market is anticipated to expand at a 4.40% CAGR between 2024 and 2034, reaching a projected value of US$ 1,143.2 million by that year.

Attributes	Key Statistics
Expected Base Year Value (2024)	US$ 743.1 million
Anticipated Forecast Value (2034)	US$ 1,143.2 million
Estimated Growth (2024 to 2034)	4.40% CAGR

Historical Analysis of the Tinplate Packaging Market

Attributes	Key Statistics
Market Share (2023)	US$ 713.8 million
Market Value (2024)	US$ 743.1 million
Estimated Growth (2019 to 2023)	2.20% CAGR

Top Packaging Insights

Top Packaging Format	Cans
Market share	31.10%

Top End-use Insights

Top End Use	Beverage
Market share	42.30%

Country-wise Insights

Country	United Kingdom
CAGR (2024 to 2034)	4.5%

Country	China
CAGR (2024 to 2034)	6.8%

Country	India
CAGR (2024 to 2034)	7.7%

Country	South Korea
CAGR (2024 to 2034)	5.9%

Country	Thailand
CAGR (2024 to 2034)	6.6%

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Jun 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

Asia Pacific Tinplate Packaging Market size will be USD 175.08 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.

Get key insights from Market Research Intellect's Tinplate Consumption Market Report, valued at USD 25.2 billion in 2024, and forecast to grow to USD 35.6 billion by 2033, with a CAGR of 4.9% (2026-2033).

The global tinplate for packaging market, valued at $15.37 billion in 2025, is projected to experience robust growth, driven by a Compound Annual Growth Rate (CAGR) of 6.8% from 2025 to 2033. This expansion is fueled by several key factors. The rising demand for canned food and beverages, particularly in developing economies with growing populations and increasing disposable incomes, significantly contributes to market growth. Furthermore, the convenience and extended shelf life offered by tinplate packaging compared to alternatives like glass or plastic bolster its appeal across various sectors, including food, beverages, and aerosols. Technological advancements in tinplate production, such as improved coatings and lighter-weight materials, are also enhancing efficiency and reducing production costs, thereby fueling market expansion. While fluctuating raw material prices (steel and tin) pose a challenge, the industry's continuous innovation in sustainable packaging solutions and the increasing preference for recyclable materials are mitigating this risk and attracting environmentally conscious consumers. The market is segmented by application (food cans, beverage cans, aerosol cans, closures, others) and type (standard grade tinplate, second grade tinplate), with food and beverage cans dominating the application segment. Major players like ArcelorMittal, Nippon Steel, and Baosteel are actively involved in shaping the market landscape through strategic investments in capacity expansion and research & development. Regional analysis reveals a diverse market distribution. North America and Europe are established markets, while the Asia-Pacific region, particularly China and India, shows significant growth potential owing to expanding industrialization and rising consumption. The competitive landscape is marked by both established multinational corporations and regional players, leading to intense competition and continuous innovation within the sector. The long-term forecast suggests sustained growth driven by the continued preference for tinplate packaging due to its inherent properties of safety, durability, and recyclability, making it a resilient material within the packaging industry for years to come. The focus on lightweighting and sustainable production methods will further drive market expansion in the coming decade.

The Tin Market report segments the industry into Product Type (Metal, Alloy, Compounds), Application (Solder, Tin Plating, Chemicals, Other Applications (Specialized Alloys and Lead-acid Batteries)), End-User Industry (Automotive, Electronics, Packaging (Food and Beverage), Glass, Other End-user Industries (Chemical, Tool Making, Medical Devices)), and Geography (Production Analysis, Consumption Analysis).