Tinplate Market

Tinplate Market Outlook (2022-2032)

The tinplate contains sheets of steel with a tin coating. It is made by hot rolling and cold rolling of steel strips; removing rust by pickling it in acid and then coating it with tin in an electrolytic process. The product is characterized by a wide range of properties including excellent formability & stability, excellent corrosion resistance, excellent solderability & weldability, beautiful metallic luster, and good paintability & printability.

Tinplate is the most preferred packaging material, for both food products such as edible oil, and beverages, and non-food packaging applications such as paints, aerosols, chemicals, and battery jackets, amongst others.

The tinplate market globally amounts to USD 146.18 Billion in 2022. The market is further expected to surpass a valuation of USD 218.47 Billion by 2032. Furthermore, the market is anticipated to grow with a CAGR of 4.1% in the forecast period.

Report Attributes	Details
Market size (2022 A)	USD 146.18 Billion
Base Year for Estimation	2022
Forecast duration for this research	2022-2032
Forecasted Market value (2032 F)	USD 218.47 Billion
Global Market Growth rate (2022-2032 E)	CAGR of 4.1%
Key Companies Profiled	Ball Corporation JSW Steel Ardagh Group

What are the drivers of demand in the Tinplate Packaging Market?

The key growth driving factor for the tinplate is its growing demand in the food packaging sector. More than 50% of global production is consumed in food packaging applications. Moreover, the global packaging industry is on the rise owing to an increase in per capita spending, demand for environment-friendly packaging, and growing demand for premium packaging of products such as beers, soft drinks, etc. The ban on single-use plastics has made manufacturers look for alternative options for packaging. This has a role in promoting the use of tinplate in packaging material.

Moreover, aerosol packaging such as deodorant, air fresheners, mosquito repellents, etc. is also one of the key driving factors for the growth of the global industry in the long-term period. Tinplate has exclusive properties, such as an increase in shelf life, which makes it ideal for use in food & beverage packaging. Also, government regulations on the use of recyclable and sustainable materials for packaging further increase the demand for the global market. However, polymer-based packaging materials are dominating the global packaging industry, which dampens the growth of the tinplate segment.

What are the restraints faced by Tinplate companies?

“BIS standards hindering the expansion of tinplate manufacturers”

The metal packaging industry is facing hurdles due to the implementation of BIS standards in place. The countries are witnessing restrictions on travel due to pandemics or geopolitical situations where acute shortages of needed materials for the production of tinplate get affected. The domestic markets are lacking to fulfil the demand.

“Impact of Covid-19: sluggish supply chain Network”

The recent pandemic of covid-19 has affected severely the supply chain network of firms across all industries. The management of operations was disrupted due to lockdowns and restrictions. The accelerated transportation costs and higher distribution costs associated with the products declined sales during the period.

There were limitations imposed by governments on non-essential imports and exports which resulted in border closures globally. While global lockdowns made people stay locked in their homes for months which affected demand during the period. The food additive brands started to work on the recovery of sales and demand-supply post-covid-19 pandemic. This is expected to mark an upward growth trajectory for product sales in the tinplate market in the forecast period.

Segment Wise Insights

Double-reduced tinplate is dominant in market share. The tinplate in double reduction is now formed globally. The manufacturer of stronger thinner players is focused on the use of materials. The double reduced plates are normally thinner than the single reduced tinplate. These plates are high in strength and are anticipated to gain higher CAGR in the forecast period.

The typical thickness of the tinplate lies in the range of 0.14 to 0.24 mm. The final thickness of the tinplate could be 0.12mm low. The tinning plate may be trimmed on a coil preparation line. The usual coating thickness is 01 to 1.5 microns varied as per the usage and requirement.

Regional Outlook

North America is estimated to account for the majority share of the global tinplate sector mainly due to the presence of strong food & beverage industry. The increase in demand for cans in the beverage sector, increased consumption of canned food in this region, growing urbanization, and per capita spending capability have subsequently increased the demand for tinplate in this region. In the European region, the market is anticipated to witness moderate growth in the long-term period.

This is mainly due to the presence of a strong fragrance industry in the region, which increases the production of aerosol fragrance sprays in the region. In the Asia Pacific region, the tinplate industry is estimated to witness exponential growth, due to the presence of developing regions such as China and India, and the high demand for aerosol for personal hygiene products, cosmetics, and cleaning products.

Moreover, growing urbanization, an increase in the middle-class population, and busy lifestyles have increased the demand for canned food in the region. In the Latin America region, the growth of the tinplate manufacturing sector is mainly growing due to an increase in the consumption of canned food by developing regions, such as Mexico and Brazil. In the Middle East & Africa, the tinplate manufacturing is expected to witness a single-digit growth in the forecast period.

Competitive landscape

The market in tinplate is densely competitive with existing players in the industry. These key players are opting for collaborations and strategic partnerships in order to expand their presence. The preference for the launch of new products, and enhancing distribution channels.

These brands are using portfolio expansion and diversification. In 2019, JSW steel introduced a novel tinplate under the name JSW Platina. This company with the launch of this premium range looking to expand its capacity of tinplate to 500,000 tons. Companies are opting for product diversification and innovation for maintaining market position.

Tinplate Market: Segmentation

The global tinplate market is segmented on the basis of product type, thickness, grade, application, and region.

• Based on product type :

  • Single Reduced
  • Double Reduced

• Based on thickness :

  • >0.20 mm
  • 20 mm-0.30 mm
  • 30 mm – 0.40 mm
  • <0.40 mm

• Based on grade :

  • Prime Grade
  • Secondary Grade
  • Others

• Based on end-use application :

  • Packaging
    • Food & Beverage Packaging
    • Non-Food Packaging
      • Paints
      • Aerosols
      • Battery Jackets
      • Chemicals
      • Others

• Based on region :

  • North America
    • U.S.
    • Canada
  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Chile
    • Peru
  • Europe
    • Germany
    • Italy
    • France
    • U.K
    • Spain
    • BENELUX
    • Russia
    • Rest of Europe
  • East Asia
    • China
    • Japan
    • South Korea
  • South Asia & Oceania
    • India
    • ASEAN
    • Australia & New Zealand
    • Rest of South Asia & Oceania
  • Middle East & Africa
    • GCC Countries
    • South Africa