Global Tinplate Packaging Market: Overview
Tinplate is considered as one of the most sustainable form of packaging media and it is also considered a highly versatile form of packaging substrate. Tinplate finds use across an extensive range of uses, such as beverages, non-food, and food items. Food items for tinplate packaging comprise vegetables, processed fruits, and edible oil and for non-food items it includes battery, aerosol sprays, paints and chemicals. Tinplate refers to a thin sheet of steel that is coated by tin. It comes with a very attractive beautiful metallic luster and useful characteristics, such as weld-ability, solder-ability, and corrosion resistance. This packaging product is utilized in the making of all forms of containers, such as artistic cans, 18-litre cans, beverage cans, and food cans. Widespread demand of the product from various industries is likely to bolster growth of the global tinplate packaging market over the timeframe of analysis, from 2020 to 2030.
The global tinplate packaging industry has come observed several micro trends in the last few years. Manufacturers of tinplate packaging have shifted their attention from the use of BPA due to its highly toxic nature in all of the end-use sectors. Many manufacturers have also shifted their attention towards the utilization of polyester or acrylic materials as a substitute of BPA. Riding on the backdrop of these developments within the packaging sector, the global tinplate packaging market is prophesized to observe considerable growth in the forthcoming years.
The global tinplate packaging market has been segmented on the basis of four important parameters, which are product type, application, thickness, and region.
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Global Tinplate Packaging Market: Notable Developments
One of the latest developments in the global tinplate packaging market that is likely to leave an impact on the market is mentioned as below:
- In 2019, Prominent American packaging company, Ball Corporation, made an announcement of sale of its San Luis and Garin, Argentina-based tinplate steel aerosol packaging facilities to a prominent packaging company of Argentina, Envases del Plata S.A. This move is expected to diversify the product portfolio of the latter and widen its reach in Latin America.
Some of the leading companies in the global tinplate packaging market include the following:
- Ball Corporation
- HUBER Packaging Group GmbH
- AJ Packaging Limited
- Zenith Tins
- Golden Grain Group Ltd
- Ardagh Group S.A.
Global Tinplate Packaging Market: Key Trends
The global tinplate packaging market is characterized by the prevalence of the following challenges, market drivers, and promising opportunities.
Market to Thrive on the Back of High Demand from Food and Beverage Industry
The growth of the global tinplate packaging market is estimated to be driven by the transformation in the packaging industry. Rising demand for zero waste lifestyle to creative and environment-friendly designs, the packaging industry has undergone a massive transformation. There has been a demand for plastic-free packaging from the customers who are aware of the ongoing environmental degradation and pollution. As such, metal has gained more popularity, thanks to its sustainable and durable characteristics. These factors are acting as growth factors for the metal packaging firms. Rising demand for metal packaging solutions is estimated to positively influence the development of the global tinplate packaging market over the timeframe of analysis, from 2020 to 2030.
There has been a rising demand for beverages, such as tea, coffee, juice, and various carbonated drinks. Rising demand for beverage leads to high demand for cans. In addition, various food products, such as packaged baked beans, fish in water or brine are all served in cans. Growing popularity of packaged products has generated increased demand for cans, which is likely to foster growth of the global tinplate packaging market over the tenure of analysis, from 2020 to 2030.
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Global Tinplate Packaging Market: Geographical Analysis
In the global tinplate packaging market, Europe accounts for a sizeable chunk of the market and is estimated to dominate the market throughout the forecast period. Growing popularity of packaged food products and hectic lifestyle of people is likely to propel growth of the tinplate packaging market in Europe in the years to come.
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2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
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