Tinplate is like a thin steel sheet coated by tin has an attractive metallic luster. Ithas tremendous properties in corrosion resistance, solderability, and weldability. Therefore tinplate has found major uses in making all types of containers such as artistic cans food cans, beverage cans, and 18-liter cans. Tinplate is also used in applications other than containers; which contain making electrical machinery parts and many other products. Tinplate offers 100 percent eco-friendly packaging material and it is an recyclability. The global tinplate packaging market size was valued at USD XX million in 2017 and is expected to grow at a CAGR of XX%, with the market expected to reach a valuation of up to USD Xx million by 2025.
The rise in packaged food sales, rising demand for metal packaging in alcohol industry, increasing urbanization, increasing demand for aerosol products, and increasing consumption of canned vegetables and foods are the primary drivers of global tinplate packaging market. The market is also driven by growth of pharmaceuticals and cosmetics industry which is expected to propel the growth of the tinplate packaging market during the forecast period.
The fast growing beverage and food market accelerated by the improved standard of living is the major driver of the tinplate packaging market. Though, the increasing popularity of flexible packaging is predictable to restrict the growth of the market.
The global tinplate packaging market is contains of global players, and several regional players. The primary players operating in the market include NSSMC ,ArcelorMittal, U.S. Steel, , ThyssenKrupp, JFE ,POSCO, TCILTATA Steel, Tonyi, Massilly, Berlin Metal, Toyo Kohan, Titan Steel, Baosteel, Tianjin Jiyu Steel, Guangnan, Sino East , WISCO, and Hebei Iron and Steel among other.
Tinplate Packaging market is classified on the basic on Application ,Product and region. Based on product the market is classified into primary, secondary and other grade tinplate.
Tinplate Packaging by region segmented into North America, Europe, Latin America, Asia-Pacific and Middle East & Africa. North America accounted for a supreme share of the global market owing to high intake of tinplate packaging in the U.S. Growing concerns regarding the consumption and use of sustainable packaging materials is anticipated to drive the demand for market growth.
Market segmented on the basis of application:
Market segmented on the basis of product:
• Prime Grade Tinplate
• Secondary Grade Tinplate
Market segmented on the basis of region:
• North America
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Rest of Latin America
• Middle East and Africa (MEA)
• South Africa
• Saudi Arabia
• Rest of MEA