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Tinplate Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence

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Tinplate Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence

July 22
02:06 2022
Tinplate Market Size, Share, Growth, and Forecast to 2029 | DataMIntelligence
DataM Intelligence
Global Tinplate Market is expected to grow at a CAGR during the forecasting period (2022-2029)

Market Overview:

Tinplate contains sheets of steel with a tin coating. It is made by hot rolling and cold rolling of steel strip; removing rust by pickling it in acid and then coating with tin in an electrolytic process. Tinplate is characterized by a wide range of properties, including excellent formability & stability, excellent corrosion resistance, excellent solderability & weldability, beautiful metallic lustre, and good paintability & printability.

Tinplate is a thin sheet that can be used for packaging purposes, especially for cans’ production. It is the most preferred packaging material for both food products such as edible oil, beverages and non-food packaging applications such as paints, aerosols, chemicals, and battery jackets. The growing demand for tinplate in food and beverages and electrical machinery drives the market demand—moreover, various metals in packaging processed food, carbonated, and alcoholic beverages fuel market growth. However, the availability of cheap alternatives might hamper the market growth.

 

Download free sample @ https://www.datamintelligence.com/download-sample/tinplate-market

 

Market Dynamics:

Ban on single-use plastics as a form of packaging

Plastic is one of the most widely used materials in the packaging industry. Still, growing awareness for eco-friendly packaging is making manufacturers and customers switch to more sustainable packaging materials. This has promoted tinplate usage for packaging, and it has become popular due to its durability and eco-friendly nature. The main driver of usage of tinplate is its recyclable and reusable property that promotes eco-friendly packaging. With the ban on single-use plastics as a form of packaging, it seems likely that the consumption pattern of packaging goes back to the basics and starts using metal again. Tinplate packaging is almost 100% recyclable. A recycled tinplate packaging cannot be recycled back to its original form but can be processed into steel.

In June 2018, Prime Minister announced that India would eliminate single-use plastics by 2022. Canada and the European Union have since said they would get rid of some single-use plastics by 2021. This factor drives the usage of tinplate globally. Moreover, around 90.4% of tinplate packaging used in Germany was recycled in 2018, according to an annual recycling report for packaging by Gesellschaft für Verpackungsmarktforschung (GVM). According to ThyssenKrupp, the recycling rate of tinplate from private end-use sources was as high as 92.2%, making it the most recycled packaging material. Hence, factors such as environmental benefits increased canned goods, and rapid recycling rates are expected to impact the global tinplate market positively.

However, having similar applicability, an economical alternative to tinplate is tin-free steel, also called electrolytic chromium coated steel. Tin-free steel has similar applications to that tinplate. It is used in food and beverage containers, decorative cans and containers, oil cans and pails, etc. Hence, similar applications of tin-free steel are expected to hinder the tinplate market growth.

 

Market Segmentation:

By Type

  • Single Reduced
  • Double Reduced

By Thickness

  • <0.18mm
  • 0.18mm-0.23mm
  • >0.23mm

By Grade

  • Prime Grade
  • Second Grade
  • Others

By End-Use Industry

  • Food
  • Beverages
  • Paint & Chemicals
  • Battery Packaging
  • Others

 

Competitive Landscape:

The global tinplate market is highly competitive with existing players in the market. Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Tata Tinplate, GPT Steel Industries, JSW, ArcelorMittal, and NIPPON STEEL CORPORATION are significant players. Companies use different strategies such as portfolio expansion, product diversification, and new product launch to increase their market penetration. The companies enter into collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for tinplate. For instance, in July 2019, JSW Steel launched a new tinplate product under the brand name JSW Platina which is a premium grade tinplate for the packaging industry. Currently, JSW has 350,000 Tons capacity for tinplate, which the company is looking to extend to 500,000 Tons.

 

Key players Covered in The Global Market

Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market. Tata Tinplate, GPT Steel Industries, JSW, ArcelorMittal, and NIPPON STEEL

 

View full report @ https://www.datamintelligence.com/research-report/tinplate-market

 

The Full Report has the below insights.

The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029). Visualize the composition of Global Tinplate Market segmentation By Technology, service, By Application, and country, highlighting the key commercial assets and players.

By Products

By Type

By Application

Identify commercial opportunities in the Market by analyzing trends and co-development deals.

The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis. Excel data sheet with thousands of Market-level 4/5 segmentation data points. PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study. Product mapping in excel for the key product of all major market players. The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.

 

Additional Benefits Post Purchase:

Unlimited Analyst support for a period of 1 year. Any query regarding the scope offered will be addressed within 24- 48 hours. An excel sheet with market numbers will be provided separately.

 

Recent Developments:

  • In July 2019, JSW invested close to ₹1,000 crores at its Tarapur unit in Maharashtra to roll out JSW Platina, a premium tinplate, to tap the growing demand local packaging industry.
  • In July 2018, The Tinplate Company of India Limited (TCIL) launched PAXEL, India’s first branded tin-can, through its first Service and Solution Partner (SSP), Yash Packaging, located at Kandla, Gujarat.

 

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