Tinplate Market: Introduction
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 luster and good paintability & printability. Tinplate 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, amongst others.
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Tinplate Market: Market Dynamics
The key growth driving factor for tinplate market is its growing demand in the food packaging sector. More than 50% of global tinplate production is consumed in food packaging application. Moreover, the global packaging industry is on the rise owing to increase in per capita spending, demand for environment-friendly packaging and growing demand for premium packaging of products such as beers, soft drinks, etc.
Moreover, aerosol packaging such as deodorant, air fresheners, mosquito repellents, etc. are also one of the key driving factors for the growth of global tinplate market in the long-term period. Tinplate has exclusive properties, such as increase in shelf life, which makes it ideal for use in food & beverage packaging. Also, government regulations on use of recyclable and sustainable material for packaging further increases the demand for global tinplate market. However, polymer-based packaging materials are dominating the global packaging industry, which dampens the growth of global tinplate market.
Tinplate Market: Segmentation
The global tinplate market is segmented on the basis of product type, thickness, grade, application and region.
Based on product type, the global tinplate market is segmented as:
- Single Reduced
- Double Reduced
Based on thickness, the global tinplate market is segmented as:
- >0.20 mm
- 20 mm-0.30 mm
- 30 mm – 0.40 mm
- <0.40 mm
Based on grade, the global tinplate market is segmented as:
- Prime Grade
- Secondary Grade
Based on end-use application, the global tinplate market is segmented as:
- Food & Beverage Packaging
- Non-Food Packaging
- Battery Jackets
Food & beverage packaging application accounts for more than 45% of the global tinplate market. Battery jackets application in non-food application will remain as one of the emerging hotspots for global tinplate market in the long-term forecast.
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Based on region, the global tinplate market is segmented as:
- North America
- Latin America
- East Asia
- South Asia
Tinplate Market: Regional Outlook
North America is estimated to account for the majority share of global tinplate market mainly due to the presence of strong food & beverage industry. The increase in demand for can in the beverage sector, increased consumption of canned food in this region, growing urbanization and per capita spending capability has subsequently increased the demand for tinplate market in this region. In the Europe region, the tinplate market is anticipated to witness moderate growth in the long-term period.
This is mainly due to the presence of strong fragrance industry in the region, which increases the production of aerosol fragrance sprays in the region. In Asia Pacific region, the tinplate market is estimated to witness exponential growth, due to the presence of developing regions such as China and India, and high demand for aerosol for personal hygiene products, cosmetics and cleaning products.
Moreover, growing urbanization, increase in middle-class population and busy lifestyles have increased the demand for canned food in the region. In the Latin America region, the growth of tinplate market is mainly growing due to an increase in consumption of canned food by developing regions, such as Mexico and Brazil. In Middle East & Africa, the tinplate market is expected to witness a single-digit growth in the forecast period.
Tinplate Market: Prominent market stakeholders
Key market stakeholders in the global tinplate market 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., amongst others.
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