Slip Cover Tin Market: An Overview

Slip cover tins are cost-effcient storage solutions which offer functionality and sophistication of metal packaging. These tins can be used for storage as well as decorative applications. Metal possesses supreme barrier properties, which lead to the enhanced shelf life of packaged products.

Moreover, the structural strength possessed by slip cover tins makes them durable and protects the packaging from shocks & tremors. Manufacturers are concerned about achieving product differentiation as it directly impacts their sales. By using slip cover tins, they aim to achieve this as most of their competitors are using conventional plastic or paper-based packaging formats.  

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Slip Cover Tin Market: Dynamics

Consumer-friendly and aesthetically appealing slip cover tins are known to add a premium touch to the package. Furthermore, these tins can be embossed, printed, and decorated to enhance its visibility on shelves. As slip cover tins are made of metal, they offer up to 100% protection from moisture and air, which aids in preserving the quality of packaged contents for a prolonged time. These factors are expected to act as key drivers for the global slip cover tin market. The flat slip cover tins are used for storing balms, ointments and several other personal care products. While deep slide cover tins have a relatively larger volume, they are most prominently used for storing confectionery, candles and more.

The market dynamics are likely to get influenced by the presence of several regional and small-scale players across the globe. These players do not pose a direct threat to tier 1 players but might shift the regional pricing trends to an extent. Also, the shifting preference towards flexible packaging formats can be a key restraining factor for the growth of slip cover tin market. This shift has transformed the packaging trends altogether and shaped the industry as we see it today. Moreover, other packaging formats such as glass containers, cardboard boxes, etc. are also widely used for packaging of chocolate, spices, and more. Therefore, the threat to substitutes seems to be on the higher side for slip cover tins, which might hamper the demand for slip cover tins during the forecast period. However, unlike their counterparts, slip cover tins can be used multiple times without losing their structural strength.  Thus, the market is expected to have a positive outlook in the coming years.

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Slip Cover Tin Market: Segmentation

Globally, the slip cover tin market has been segmented by product type, material and end-uses.

On the basis of product type, the global slip cover tin market has been segmented as follows

  • Deep slip cover tin
  • Flat slip cover tin

On the basis of material, the global slip cover tin market has been segmented as follows

  • Tin
  • Steel
  • Aluminum

On the basis of end-uses, the global slip cover tin market has been segmented as follows

  • Personal care & cosmetics
  • Food packaging tins
    • Chocolate tins
    • Spices & seasonings
    • Tea & coffee tins
  • Gift and promotional tins
  • Tobacco
  • Others (Candles etc.)

Slip Cover Tin Market: Regional Outlook

The use of slip cover tins for storing confectionery has been quite high in North America, this is expected to create a steady demand for these tins in the upcoming years. Countries in the Asia Pacific are projected to pose rewarding growth opportunities for the slip cover tin market, owing to the burgeoning demand for customized packaging solutions from various end-use industries. Attributing to the recyclable nature of slip cover tins, they are often considered as substitutes for single-use plastic containers. This is expected to increase the demand for slip cover tins in European countries, where regulations against plastic usage are particularly stringent.  

Slip Cover Tin Market: Key Players

Examples of some of the key players operating in the global slip cover tin market are Allstate Can Corporation, Tin-Pac Promotional Packaging, RLM Packaging, TinWerks Packaging Co, and more.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on slip cover tin market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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