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 37,455 USD/T on October 3, 2025, up 1.54% from the previous day. Over the past month, Tin's price has risen 8.39%, and is up 10.80% 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 October of 2025.

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

Snapshot img

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?

Download the Free Report Sample to Unlock the Tinplate Market Size for the Forecast Period and Other Important Statistics

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, including:

ArcelorMi

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).

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 Commodity: Metals and Metal Products: Fabricated Steel Plate (WPU10760102) from Dec 2001 to Aug 2025 about fabrication, steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.

According to Cognitive Market Research, the global Tinplate Packaging Marketsize was 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 sanitizat...

View monthly updates and historical trends for Tin Price. Source: World Bank. Track economic data with YCharts analytics.

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

The global tin plated steel sheet market is experiencing robust growth, driven by increasing demand across diverse sectors. While the exact market size for 2025 isn't provided, considering typical market sizes for related steel products and a plausible CAGR (let's assume a conservative 5% for illustration purposes), a reasonable estimation for the 2025 market value could be around $8 billion. This growth trajectory is projected to continue throughout the forecast period (2025-2033), with a CAGR of 5% anticipated to propel the market to approximately $12 billion by 2033. Key drivers include the escalating demand for tin plated steel sheets in the food and beverage industry for cans and packaging, the robust growth of the hardware industry requiring durable and corrosion-resistant materials, and increasing applications in other sectors like electronics and construction. Emerging trends such as sustainable packaging solutions and the focus on lightweighting in automotive applications further contribute to market expansion. However, fluctuating raw material prices, particularly tin and steel, pose a significant restraint, alongside potential supply chain disruptions and geopolitical uncertainties. The market is segmented by type (hot plating, electroplating) and application (food & beverage, hardware, others), offering diverse avenues for growth. Major players like Nippon Steel Corporation, POSCO, and JFE Steel are leading the industry, investing in advanced technologies and expanding their global footprint to cater to growing demand. The regional landscape presents a nuanced picture. North America and Europe are mature markets with established production and consumption patterns, while Asia-Pacific, particularly China and India, is expected to witness the most significant growth due to rapid industrialization and expanding consumer bases. South America and the Middle East & Africa also present considerable growth potential, albeit at a slower pace compared to Asia-Pacific. The competitive landscape is characterized by intense competition among established players and the emergence of new entrants, leading to innovations in production processes and product offerings. The market's future is positive, but continued adaptation to evolving consumer preferences, stringent environmental regulations, and fluctuations in commodity prices will determine the pace and extent of future growth.

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

View yearly updates and historical trends for US Producer Price Index: Metals and Metal Products: Fabricated Steel Plate. from United States. Source: Bure…

Steel fell to 3,005 CNY/T on October 1, 2025, down 0.89% from the previous day. Over the past month, Steel's price has fallen 2.31%, and is down 10.83% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Steel - values, historical data, forecasts and news - updated on October of 2025.

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%

The global tinplate for packaging market, valued at $17.3 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 burgeoning food and beverage industries, particularly in developing economies, are significantly increasing demand for canned goods, a major application for tinplate. Furthermore, the convenience and extended shelf life offered by tinplate packaging are driving consumer preference, bolstering market growth. Growth in the aerosol can segment is also contributing to overall market expansion, as aerosols are utilized across diverse sectors, ranging from personal care products to automotive applications. Technological advancements in tinplate manufacturing, leading to improved quality and cost-effectiveness, are also supporting market expansion. While the fluctuating prices of raw materials (steel and tin) pose a potential restraint, ongoing innovations in recycling and sustainable sourcing strategies are mitigating this concern. The market is segmented by application (food cans, beverage cans, aerosols, closures, others) and type (standard grade tinplate, second grade tinplate). Major players like ArcelorMittal, Nippon Steel, and Baosteel dominate the market, strategically expanding their production capacity and geographical reach to cater to the rising global demand. Regional growth is expected to be heterogeneous, with Asia-Pacific, particularly China and India, exhibiting significant growth due to rapid economic development and urbanization. North America and Europe, while mature markets, will continue to show steady growth driven by product innovation and premium packaging trends. The competitive landscape is characterized by both established players and emerging regional producers. Consolidation and strategic partnerships are likely to shape the market in the coming years, as companies strive to optimize their production and distribution networks and gain a competitive edge. The shift towards sustainable and eco-friendly packaging solutions will also play a significant role in shaping the market's future, encouraging investment in recycled tinplate and innovative manufacturing processes with a reduced environmental footprint. The forecast period (2025-2033) presents significant opportunities for growth, driven by factors such as the rise of e-commerce, which necessitates robust and protective packaging, and the increasing demand for convenient, portable food and beverage options. However, companies need to navigate challenges such as raw material price volatility and the growing preference for alternative packaging materials.

Explore the dynamic factors influencing the volatility in tinplate sheet prices, including demand from the packaging industry, raw material costs, production technology, and geopolitical influences, and learn how stakeholders can anticipate trends by staying informed about market changes.

The Tin Report is Segmented by Product Type (Metal, Alloy, and Compounds), Application (Solder, Tin Plating, Chemicals, Lead-Acid Batteries, and Other Applications), End-User Industry (Automotive, Electronics, Packaging, Glass, and Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate was 377.88900 Index 1982=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate reached a record high of 377.88900 in July of 2025 and a record low of 89.60000 in June of 1980. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Commodity: Metals and Metal Products: Fabricated Steel Plate - last updated from the United States Federal Reserve on October of 2025.

Graph and download economic data for Producer Price Index by Commodity: Metals and Metal Products: Cold Rolled Steel Sheet and Strip (WPU101707) from Jun 1982 to Aug 2025 about steel, metals, commodities, PPI, inflation, price index, indexes, price, and USA.