Tinplate Market Scope
The growing demand for tinplate in food and beverages, as well as electrical machinery, drives market demand. Furthermore, the increasing use of various metals in the packaging of processed foods, carbonated and alcoholic beverages is boosting market growth. Tinplate is made up of steel sheets that have been coated with tin. It is made by hot and cold rolling steel strip, removing rust with acid pickling, and then electrolytic ally coating with tin. Tinplate has a variety of properties, including excellent formability and stability, corrosion resistance, solder ability and weldability, a beautiful metallic lustre, and good paint ability and printability. Tinplate is the most popular packaging material for both food products like edible oil and beverages, as well as non-food packaging applications like paints, aerosols, chemicals, and battery jackets.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Toyo Kohan Co., Ltd. (Japan), Ton Yi Industrial Corp ( China), Tata Tinplate (India), Hindalco Industries (India), JFE Steel Corporation (Japan), Dofasco (ArcelorMittal) (Canada), Nippon Steel Corporation(Japan), U.S. Steel (United States), thyssenkrupp Steel (Germany), TCC Steel (South Korea), POSCO (South Korea), Massilly (France), Baosteel Co. Ltd. ( China), Berlin Metals (United States) and Titan Steel (United States) |
CAGR | % |
The global tinplate market is highly competitive with the major player holding the major share in the market. To differentiate themselves as strong market competitors, key players are implementing strategies such as R&D investment, new product launches, and distribution channel expansion. Companies are increasing their market penetration through various strategies such as portfolio expansion, product diversification, and new product launch. To increase demand for tinplate, companies are forming alliances, mergers, strategic partnerships, and acquisitions. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Tinplate market throughout the predicted period.
Toyo Kohan Co., Ltd. (Japan), Ton Yi Industrial Corp ( China), Tata Tinplate (India), Hindalco Industries (India), JFE Steel Corporation (Japan), Dofasco (ArcelorMittal) (Canada), Nippon Steel Corporation(Japan), U.S. Steel (United States), thyssenkrupp Steel (Germany), TCC Steel (South Korea), POSCO (South Korea), Massilly (France), Baosteel Co. Ltd. ( China), Berlin Metals (United States) and Titan Steel (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are ErikTürkis - Renouf Metalle (Germany), Hans Erich Gemmel & Co. GmbH (Germany), GPT Steel Industries Ltd. (India), JSW Steel (India) and Sinosteel Corp. (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tinplate market by Type , by Application (Food and Beverage Cans, Oil and Greece Containers, Chemicals Containers, Aerosol Containers, Paint Cans & Solvents, Caps and Closures and Others) and Region with country level break-up.
On the basis of geography, the market of Tinplate has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
On 4 July, 2022, Tata Steel Limited has completed the acquisition of Neelachal Ispat Nigam Limited via its step-down subsidiary, Tata Steel Long Products Limited. The plan is to not only restart the one million tonnes per annum steel plant as soon as possible, but also to expand capacity by building a 4.5 million tonnes per annum state-of-the-art long products complex in the coming years, followed by a 10 million tonnes per annum expansion by 2030. and On April 2020, Hindalco-Novelis completes its acquisition of Aleris . With the acquisition of Aleris Corporation, a US-based rolled products company, Hindalco becomes one of the world's largest aluminium companies, with a global footprint spanning 49 state-of-the-art manufacturing facilities in North America, Europe, and Asia.
In January 2020, Ball Corporation unveiled a new impact extruded aluminium bottle line that provides a circular solution to plastic pollution. This impact extruded aluminium container can be customised in a variety of shapes and sizes to accommodate a wide range of beauty, personal care, food, and beverage products. Unlike comparable substrates such as plastic shampoo bottles or cosmetics jars, Ball's aluminium bottles are infinitely recyclable and can be recycled multiple times. and In February 2020 Hoffmann, a US-based packaging company, intends to launch a line of recycled steel-based tinplate cans. RecyCan is made of recycled steel, including used cans, closures, and crown corks.
The market is regulated by the federal and state governments in accordance with national law. The FDA regulates the market in the United States because tinplate is used for food packaging under Sec. 178.3300 Corrosion inhibitors used for steel or tinplate. Steel or tinplate intended for use in, or to be fabricated as, food containers, food-processing or handling equipment can be safely treated with corrosion inhibitors.
Tinplate Market Dynamics:
Attributes | Details |
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Trends Influencing Market | - Rising packaging demand from the food and beverage industries
- The expansion of the ecommerce sector and the demand for environmentally friendly packaging drive market growth.
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Key Restraints | - The widespread availability of substitute and low-cost products impedes market growth.
- The high initial capital cost of establishing a manufacturing unit stifles market growth.
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Challenges | - The rapid and unpredictable change in raw material prices poses a threat to market growth.
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Market Opportunities | - Rising consumer awareness regarding environment protection creates lucrative growth opportunities
- Increase shell life of the product owing to the tinplate packaging boost the market growth
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Key Target Audience
Tinplate Manufacturers and Suppliers, Tinplate Suppliers/Buyers, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others