Analysis of the global tin box packaging market in 2021

 Reminder: 2020 is a year of drastic changes in the supply and demand market of tin box packaging. The global "COVID-19" has had a serious impact on the economic activities of various countries. For the tin box packaging industry, it has accelerated the trend of digitalization and networking in the packaging fields of food packaging boxes and cans.

2020 is a year of drastic changes in the supply and demand market of tin box packaging. The global "COVID-19" has had a serious impact on the economic activities of various countries. For the metal packaging industry, it has accelerated the trend of digitalization and networking in the packaging fields such as food packaging boxes and cans. According to Smithers' latest research report "The Future of the Global Metal Packaging Market 2021", compared with 2019, the global tin box packaging market is expected to drop from US$314.7 billion to US$243.4 billion in 2020.

  Effective vaccination will help countries around the world to resume normal economic activities in the second quarter of 2021. The tin box packaging market will usher in a strong rebound. Driven by food packaging, the size of the global tin box packaging market will return to US$352.8 billion in 2021. By 2025, the global metal box market is expected to reach US$546 billion.

The impact of "COVID-19" on the demand for packaging boxes of various materials is different. In the next five years, various segments of the global tin box packaging market will present a new pattern.

Tin box packaging and printing

"COVID-19" has the least impact on tin box packaging and printing. Although the flow of goods in international trade was interrupted and the demand for export and industrial packaging was reduced, the printing demand for such packaging was limited after all. Many consumers had already stocked up basic daily necessities before the first round of prevention and control of the city, leading to a temporary increase in the demand for tin box packaging in various countries in the second quarter of 2020. Therefore, related food, beverage and pharmaceutical production and its supply chain (including tin box packaging production and processing) have always been the priorities of governments to ensure continued operations.

Since the second quarter of this year, consumers in various countries have been far away from physical retail stores, and the demand for retail tin box packaging and printing has been greatly reduced. At the same time, due to a large number of daily necessities sales shifted from offline to online, related e-commerce tin box packaging demand increased by 40% year-on-year. This is good for tin box packaging and printing companies.

  Many tin box manufacturers and food brand owners have established new e-commerce service channels. These companies began to customize tin box packaging with company logos and personalized information. Therefore, the company establishes a closer relationship with the brand.

   The production of tin box manufacturers has also shifted to a more online model. Demand for services corresponding to online orders, factory operation process automation and online timely response began to grow. The demand method of fast turnover and short-term delivery has spawned a large number of short-run orders. This will be particularly conducive to the expansion of the tin box packaging market space, as well as other highly automated and digital production equipment.

Food tin box packaging printing

Food tin box packaging and printing demand has fallen. Prevention and control lockdowns and travel restrictions interrupted the sale of tin box prints to those commuters. Many consumers have switched to more immediate online transactions. This situation is definitely not good news for companies that own retail.

   However, the printing volume of food tin box packaging decreased slightly. It is estimated that in 2020, the total amount of global food tin box packaging printing will drop by 5.30%. In the second quarter of 2020, global food tin box packaging printing purchases fell for the first time. Of course, the decline in sales in Europe and North America is due to the pandemic.

  The impact of the pandemic on tin box packaging and printing is serious. Because workers stay at home, business events and social gatherings are cancelled, and consumers have less money to spend. The lockdowns in various places have stopped the business of shops, restaurants, bars and hotels, and business demand has been greatly reduced. As the economy recovers, demand will recover. In the next 5 years, global tin box demand will likely continue to grow.

 Conclusion: From the second quarter to the third quarter of 2021, the market for food business operations will grow rapidly. The substantial increase in demand will benefit tin box manufacturers. In the post-epidemic period, in the medium and long term, a relatively loose economic environment will create great opportunities for tin box manufacturers. In the new market environment, the focus of market demand will shift to high-quality and decorative tin box packaging.