Product Overview
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. The eco-friendly and recyclable nature of tinplate promotes sustainable use of natural resources. Tinplate packaging is convenient to ship and store due to its high strength and less weight properties, moreover, they also ensure longer shelf life of products preventing them from coming in direct contact with water vapor and other gasses.
Market Highlights
Global Tinplate Packaging market is expected to project a notable CAGR in 2030.
Global Tinplate Packaging market to surpass USD XXXX million by 2030 from USD XXXX million in 2019 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. Plastic contains toxic elements is not preferred by most consumers to store food products which can be substituted by tinplate packaging.
Recent Highlights in Global Tinplate Packaging Market
In July 2020, JSW Steel launched a premium Platina tinplate brand named JSW Platina in India introducing continuous annealing technology for the manufacturing of tinplate products.
In January 2020, Tesco announced to abandon the use of plastic packaging on tin multipacks teaming up with Heinz following the 4Rs (remove, reduce, reuse and recycle) packaging policy strategy for plastic packaging.
Global Tinplate Packaging Market: Segments
Food Cans platform segment to grow with the highest CAGR 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 in the year 2019. 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 are majorly demanded by the populace.
Food and Beverages segment to grow with the highest CAGR during 2019-30
Global Tinplate Packaging market is also segmented by end-users into Food & Beverages Industry, Health & Beauty Industry, Chemical Industry, and Others. Food and Beverages segment held the largest market share in the year 2019 and will continue to dominate the market throughout the forecast period since consumer’s inclination towards canned food products is rising with time due to their longer shelf life and convenience.
Market Dynamics
Drivers
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 the busy schedules of consumers which is a key driving factor for the growth of the global tinplate packaging market. Longer shelf life of the perishable products by creating a barrier between the small water particles and gasses present in the air tinplate material acts as the most effective alternative for packaging.
Recyclable and Ecofriendly
Conservation of natural resources and use of environment-friendly packaging materials have seen a rising trend in the past years, tinplate packaging can be recycled, reused, and is eco-friendly making it the most desirable choice for the packaging of products. Since it is also free from harmful elements a major shift of preference has been observed from plastic containers to tinplate containers in the past few years.
Restraint
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: Key Players
AJ Packaging Limited
Company Overview
Business Strategy
Key Product Offerings
Financial Performance
Key Performance Indicators
Risk Analysis
Recent Development
Regional Presence
SWOT Analysis
Tinplate Company
Zenith Tins
NIPPON STEEL CORPORATION
POSCO
Kian Joo Can Factory Berhad
United States Steel
Baosteel Group
Berlin Metals
Other Prominent Players
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 in the year 2019. 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 the 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 is further segmented by region into:
North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA
Global Tinplate Packaging market report also contains analysis on:
Tinplate Packaging Market Segments:
By Type
Bottles
Caps and Closures
Drums
Food cans
Others
By End Users
Food & Beverages Industry
Health & Beauty Industry
Chemical Industry
Others
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
Contents
1. Executive Summary
2. Global Blockchain Market
1. Product Overview
2. Market Definition
3. Segmentation
4. Assumptions and Acronyms
3. Research Methodology
1. Research Objectives
2. Primary Research
3. Secondary Research
4. Forecast Model
5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
6. Market Dynamics
1. Growth Drivers
2. Restraints
3. Opportunity
4. Trends
7. Correlation & Regression Analysis
1. Correlation Matrix
2. Regression Matrix
8. Recent Development, Policies & Regulatory Landscape
9. Risk Analysis
1. Demand Risk Analysis
2. Supply Risk Analysis
10. Global Tinplate Packaging Market Analysis
1. Porters Five Forces
1. Threat of New Entrants
2. Bargaining Power of Suppliers
3. Threat of Substitutes
4. Rivalry
2. PEST Analysis
1. Political
2. Economic
3. Social
4. Technological
11. Global Tinplate Packaging Market
1. Market Size & forecast, 2019A-2030F
1. By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. By Volume (Million Units) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
12. Global Tinplate Packaging Market: Market Segmentation
1. By Regions
1. North America:(U.S. and Canada) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa) By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. By Type: Market Share (2020-2030F)
1. Bottles, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. Caps and Closures, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. Drums, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
4. Food Cans, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
5. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. By End Users: Market Share (2020-2030F)
1. Food & Beverages Industry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
2. Health & Beauty Industry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
3. Chemical Industry, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
4. Others, By Value (USD Million) 2019-2030F; Y-o-Y Growth (%) 2020-2030F
Company Profile
1. AJ Packaging Limited
1. Company Overview
2. Company Total Revenue (Financials)
3. Market Potential
4. Global Presence
5. Key Performance Indicators
6. SWOT Analysis
7. Product Launch
2. Tinplate Company
3. Zenith Tins
4. NIPPON STEEL CORPORATION
5. POSCO
6. Kian Joo Can Factory Berhad
7. United States Steel
8. Baosteel Group
9. Berlin Metals
10. Other Prominent Players
Consultant Recommendation
**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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