Global Tinplate Packaging Market Size, Trend Industry Analysis and Forecast 2019-2026
Global Tinplate Packaging Market report contains a deep knowledge and information on what the market’s definition, classifications, applications, and engagements are while explaining the drivers and restraints of the market which is derived from SWOT analysis. Significant industry trends, estimations of market size and market share are analyzed and discussed in this report. Analysis of existing major challenges faced by the business and the probable future challenges that the business may have to face while operating in this market are also taken into account. The market research data included in this Global Tinplate Packaging Market report is analyzed and forecasted using market statistical and coherent models.
Market Analysis: Global Tinplate Packaging Market
Global Tinplate Packaging Market is expected to rise to an estimated value of USD 9.79 billion by 2026, registering a steady CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the rise in demand for sustainable methods of packaging.
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Food cans and the lids of glass screw-cap containers are made of tinplate. This material can be completely recycled, a measure that over half of the energy used in its production. Recycling is mainly financed by a prepaid disposal fee.
Tinplate is steel with a thin coating of tin for rust protection. A layer of white enamel is added to some food cans produced from this materials to protect the contents. Crown caps for bottles and the lids of glass screw-cap containers are also usually made of tinplate. Around 12,000 tonnes of tinplate are collected separately each year. This corresponds to 1.5 kg per capita per year.
Market Drivers: Global Tinplate Packaging Market
Benefits such as eco-friendly nature, due to their complete recycling capabilities and lack of quality loss with recycling are factors driving the growth of the market
Increased usage of this packaging method from food & beverages industry due to a rise in consumption of packaged food products is expected to positively affect the growth of the market
Market Restraints: Global Tinplate Packaging Market
- Growth in concerns regarding the manufacturing of steel towards the environment are factors expected to restrain the growth of the market
- Availability of cheaper and lightweight substitutes such as flexible packaging methods is expected to restrain the market growth
Key Market Competitors: Global Tinplate Packaging Market
- Tata Tinplate
- AJ Packaging Limited
- BALL CORPORATION
- thyssenkrupp AG
- Zenith Tins Pvt. Ltd.
- Ardagh Group S.A.
- Guangnan (Holdings) Limited
- JFE Steel Corporation
- Colep UK Ltd
- Toyo Kohan Co., Ltd.
- NIPPON STEEL CORPORATION
- Kian Joo Can Factory Berhad
- United States Steel
- Crown; Baosteel Group
- Berlin Metals
- Henkel AG & Co. KGaA
- TON YI INDUSTRIAL CORP.
- Hegang Co., Ltd.
Segmentation: Global Tinplate Packaging Market
Global Tinplate Packaging Market By Packaging Product (Beverage Cans, Food Cans, 18-Liter Cans, Artistic Cans), Product (Prime Grade Tinplate, Secondary Grade Tinplate, Others), Application (Food & Beverages, Electrical & Electronics, Engineering, Construction, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market:
- In June 2018, BALL CORPORATION and Platinum Equity Advisors, LLC announced that they had agreed to a partnership and the formation of “Ball Metalpack”, which will be focused on the manufacturing of steel containers for aerosol packaging, food, household consumables, pet food, nutritionals and other applications throughout the U.S. The company share will be segregated as 51% share of Platinum Equity and 49% of BALL CORPORATION. BALL CORPORATION will sell its US steel food and aerosol packaging business divisions to “Ball Metalpack” for USD 600 million.
- In April 2018, thyssenkrupp AG announced the launch of an updated version “2.0” to their Packaging Steel App providing enhanced functioning and information to their users. The updated version provides all the relevant products that the company deal from the steel packaging segment, and also provides proper certification of tinplate.
Competitive Analysis: Global Tinplate Packaging Market
Global tinplate packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tinplate packaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Topics Covered in this Report: Global Tinplate Packaging Market
Chapter 1 Study Coverage
Chapter 2 Executive Summary
Chapter 3 Market Size by Manufacturers
Chapter 4 Production by Regions
Chapter 5 Consumption by Regions
Chapter 6 Market Size by Type
Chapter 7 Market Size by Application
Chapter 8 Manufacturers Profiles
Chapter 9 Production Forecasts
Chapter 10 Consumption Forecast
Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
Chapter 13 Key Findings
Chapter 14 Appendix
Key Insights in the report: Global Tinplate Packaging Market
- Complete market analysis and forecasting
- Market definition, understanding the concept of tinplate packaging
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis
Products of the report
- Historical and current market size and projection up to 2025.
- Competitive landscape
- Potential and niche segments/regions exhibiting promising growth
- The study provides an in-depth analysis of the Global Tinplate Packaging Market and current & future trends to elucidate imminent investment pockets.
- Analyze and forecast Global Tinplate Packaging Market on the basis of type, function and application.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis.