A recently published report titled, “Tinplate Market: Opportunity Analysis and Future Assessment 2022-2030” offers a thorough and profound assessment on the market stature along with the top leading facts and figures, definition, overview, expert opinions, SWOT analysis, as well as the recent developments of the market all around the world. The market report also computes the market size, market sales, revenue, price, market share and gross margin and market forecast, growth rate and cost structure.
Tinplate Market, By Product Type (Single Reduced, Double Reduced), By Thickness (>0.20 mm, 20 mm-0.30 mm, 30 mm – 0.40 mm, <0.40 mm), By Grade (Prime Grade, Secondary Grade, Others), By End-use Application (Packaging (Food & Beverage Packaging, Non-Food Packaging (Paints, Aerosols, Battery Jackets, Chemicals, Others)) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to grow at a significant CAGR for the period between 2022 and 2030.
The tinplate market is estimated to reach at a value of US$ 178.5 Bn by the end of 2022 and expected to reach at a value of US$ 202.2 Bn by 2030 with a significant CAGR of 1.7%.
Tinplate, nowadays, is one of the most desirable and preferred substances for packaging solutions. Tinplate comprehensively gains application in the packaging of several different food items, such as edible oil, beverages, as well as in various non-food commodities as well.
Aerosols, chemicals, battery jackets, and paints are some of the non-food commodities that make use of tinplate for packaging. Such a broad range of applications is one of the primary factors that is majorly driving the growth of the global tinplate market. It is significant to note that plastic used to be one of the most extensively used material in the packaging industry, however, in the past few years, the increased environmental awareness among the population as well as regulatory authorities is swiftly encouraging the eco-friendly packaging solutions, which is ultimately boosting the demand of tinplate across the global markets.
However, possessing corresponding applicability, a more affordable substitute to tinplate is the tin free steel, also known as electrolytic chromium coated steel. Notably, tin free steel has similar applications to that of tinplate. Such factors are likely to slow down the growth of the global tinplate market over the forecast period.
Nonetheless, Tinplate packaging cans observe heavy demand in the food and beverages industry owing to their nitrogen-infused application which sustains the product’s quality and consistency. In addition to that, tinplate packaging also offers better shelf life to the product, which further accelerates its demand across various industries worldwide. Therefore, the global tinplate market is anticipated to witness considerable growth over the coming years.
Reports and Insights Study identifies some of the key participating players in the tinplate market globally are Tata Tinplate GPT Steel Industries Ltd., ArcelorMittal, Nippon Steel Corporation, United States Steel, JFE Steel Corporation, thyssenkrupp Steel, TCC Group companies, POSCO, Ton Yi Industrial Corp., Massilly Holding SAS, Berlin Metals, Toyo Kohan Co., Ltd., Titan Steel, Baosteel Co. Ltd., Tianjin Jiyu Steel Co., Ltd., and Sino East Steel Enterprise Co., Ltd., among others.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product developments and launches
Tinplate Adoption Rate, by End-Use Application
Top Companies Historical Growth Rate
Impact of Regulations
Advantages of Tinplate
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s product sales, previous growth rates and market expansion plans are considered to generate market share in the market.
Reports and Insights