The growing demand of tinplate in food and beverages and electrical machinery is driving the market demand. Rising usage of various metals in packaging processed food, carbonated and alcoholic beverages are fueling the market growth. Rise in disposable income, expanding retail chains, shifting focus towards ready to eat food product are some of the factors pushing the demand of tinplate packaging. In addition to this, superior moisture & corrosion resistance, good mechanical strength, and excellent solderability are expanding its usage across cosmetic, pharmaceutical, food and beverage industry.
The latest report by Value Market Research expects the Global Tinplate Packaging Market to reach USD 148.44 billion by 2022. It was valued USD 234.81 billion in 2030. The report foresees a 5.9% CAGR from 2023 to 2030.
FOOD AND BEVERAGES DOMINATED THE SEGMENT
In 2018, food and beverages emerged as the leading application segment. Growing population, rise in per capita income and shifting preference towards canned food products is driving the segment growth. Expansion of organized and unorganized retail chains is again favoring the segment growth.
NORTH AMERICA AND EUROPE ACCOUNTED FOR MAXIMUM MARKET SHARE
In 2018, North America and Europe held the highest market share owing to growing per capita income, busier lifestyle and the ongoing trend of consuming canned food and beverages. Expansion of metal food packaging facilities by major players to cater to the demand is further contributes immensely in regional market growth.
MAJOR VENDOR OF THE MARKET
Some of the prominent players of the market are AJ Packaging Limited, Tinplate Company, Zenith Tins, and others.
As per this study the Global Tinplate Packaging Market was valued USD 148.44 BN (by revenue) in 2022 and is anticipated to reach USD 234.81 BN by 2030 with a CAGR of 5.9%.
Tinplate is used to make all types of containers such as beverage cans, food cans, 18-liter cans, and artistic cans. Its applications are not limited to containers, but this is also been used for producing electrical machinery parts and many other products. Tinplate is considered as an eco-friendly packaging material and provides 100 percent recyclability, any number of times, and without quality loss.
Market Dynamics
The tinplate packaging market is basically driven by ongoing urbanization, increase sales of packaged food, growing demand for aerosol products, rising demand for metal packaging in the alcohol industry, and increasing consumption of canned vegetables and foods. Also, growing demand for the product from Pharmaceuticals and cosmetics industry for packaging is again propelling the market growth of tinplate packaging. However, issues associated with steel manufacturing and flexible packaging is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of tinplate packaging.
Market Segmentation
The broad tinplate packaging market has been sub-grouped into application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Packaging Product
- Beverage Cans
- Food Cans
- Aerosol Cans
- Artistic Cans
By Type
- Prime Grade Tinplate
- Secondary Grade Tinplate
- Others
By Application
- Food & Beverage
- Electrical & Electronics
- Engineering
- Construction
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for tinplate packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Tinplate Packaging Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the tinplate packaging market include Amcor Limited, Ardagh Group S.A, Alcoa Corporation, CPMC Holdings Limited, Rexam Plc, Greif, Toyo Seikan Group Holdings Ltd, Tata Tinplate, AJ Packaging Limited, Ball Corporation, Thyssenkrupp AG, Zenith Tins Pvt. Ltd, Ardagh Group S.A, Guangnan Limited, JFE Steel Corporation.. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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