Tinplate packaging market is projected to experience a moderate growth trajectory during the forecast period. Tinplate packaging market has been increasingly embracing aesthetics in order to fulfill demand from various end use industries. Multiple new packaging products such as tinplate packaging having “Matte Effect”, tinplate packaging with embossed surfaces, and customized digital prints have been introduced in the market to meet the growing demand from end-use retail customers. This trend has substantially increased demand for tinplate packaging in the beverages industry, on the back of its impressive tactile features.
Cans are anticipated to be the dominant product type in tinplate packaging market, and the segment is forecasted to grow 1.5X during the forecast period.
North America and Europe together account for more than half of the share in tinplate packaging market, while Europe is expected to generate fastest revenue during forecast period.
Uptick in demand from food packaging is expected to remain constant till mid-term forecast.
Tinplate packaging with moderate thickness i.e. 0.20 mm to 0.40 mm is expected to grow by 1.7X during the forecast period.
“Investments in development of compact packaging solutions are expected to supplement demand for tinplate packaging. In terms of product type, cans are projected to be the lucrative revenue pocket during forecast period”, says the Fact.MR analyst
While sustainability has been the primary driver for this impetus in recycling, significant decrease in raw material procurement costs have supplemented the proliferation of these recycling trends.
In 2019, Ball Corporation announced their agreement to sell its tinplate steel aerosol packaging facilities in Garin and San Luis, Argentina, to Envases del Plata S.A.
In the 2019 annual report, JSW Steel reported their decision of increasing their production capacity of tinplates by setting up new mill in Tarapur with capacity of 250,000 tonnes per annum. The company has already setup their tinplate mill with a capacity of 250,000 tonnes per annum in Tarapur during 2018.
In 2019, Ardagh Group announced an agreement to combine its Food & Specialty Metal Packaging business with Exal Corporation to form Trivium Packaging. Trivium Packaging will be headquartered in the Netherlands and will operate with 57 production facilities across Europe and the Americas.
Global Tinplate Packaging Market: Segmentation
Segmentation table of the global tinplate packaging market has been provided below on the basis of product type, application, thickness, and region.
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