Global Tinplate Packaging market: Market Segments: By Type (Bottles, Caps and Closures, Drums, Food cans and Others); By End Users (Food & Beverages Industry, Health & Beauty Industry, Chemical Industry and Others) and Region – Analysis of Market Size, Share & Trends for 2019 – 2030 and Forecasts to 2030
Tinplate is a thin sheet of steel coated with tin to prevent rust corrosion typically used for packaging of food and beverages, oils, powders, paints etc. Tinplate is also used for diverse purposes such as manufacturing of engine gaskets, oil filters and brake line tubes due to its corrosion resistance, solderability, lustrous appearance properties. Eco-friendly and recyclable nature of tinplate promotes sustainable use of natural resources.
Global Tinplate Packaging market is expected to project a notable CAGR of XX.X% in 2030.
Global Tinplate Packaging market to surpass USD XXXX million by 2030 from USD XXXX million in 2018 at a CAGR of XX.X% throughout the forecast period, i.e. 2019-30. With the changing lifestyle and preferences demand for products holding longer shelf life is increasing which can be possibly done by using tinplate for packaging and storage of the products which may foster the demand of global tinplate packaging market.
Global Tinplate Packaging Market: Segments
Food Cans platform segment to grow with the highest CAGR of XX.X% during 2019-30
Global Tinplate Packaging market is segmented by type into Bottles, Caps and Closures, Drums, Food cans and Others. Food Cans segment held the largest market share of XX.X% in the year 2018. Tinplate bottles are used to store oils, caps and closures are specifically designed to ensure proper sealing of the container preventing the product from leaking. Food cans are majorly used to store beverages, canned-fruits and vegetables etc. which is majorly demanded by the populace.
Mounting demand for Canned food and beverage products
With the changing lifestyle the demand for canned-food products such as fruits, vegetables, juice etc. is growing due to busy schedules of consumers which is a key driving factor for the growth of the global tinplate packaging market.
High manufacturing costs
Manufacturing costs of tinplate containers are higher in comparison to various other packaging alternatives, businesses may not have a desired profit ratio especially in the packaging of low value items.
Global Tinplate Packaging Market: Regions
Global Tinplate Packaging market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Global Tinplate Packaging markets market in North America held the largest market share of XX.X% in the year 2018. North America will continue to dominate the global tinplate market due to its higher per-capita income, busy schedules and rising inclination towards canned- food products which will promote the growth of tinplate packaging market in the region throughout the forecast period. Asia-Pacific regions will also observe a substantial growth over the projected timeline due to rising demands for the packed food as well as tinplate packaging in other industries.
Global Tinplate Packaging Market: Key Players
• AJ Packaging Limited
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Tinplate Company
• Zenith Tins
• NIPPON STEEL CORPORATION
• Kian Joo Can Factory Berhad
• United States Steel
• Baosteel Group
• Berlin Metals
• Other Prominent Players
Global Tinplate Packaging market report also contains analysis on:
Tinplate Packaging Market Segments:
o By Type
Caps and Closures
o By End Users
Food & Beverages Industry
Health & Beauty Industry
• Tinplate Packaging Market Dynamics
• Tinplate Packaging Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints