The potential growth difference for the tinplate market between 2021 and 2026 is 3236.02 Metric Tons. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Tinplate Market Dynamics:
- Market Driver - The key factor driving growth in the tinplate market is the increasing launch of new food and beverage products in metal cans. Nowadays, vendors prefer to use metal packaging for new products. Some new food and beverages that use metal packaging are, in September 2019, Diageo plc (Diageo) launched its new Guinness' Over the Moon Milk Stout in metal cans. The new product contains about 5.3% ABV (alcohol by volume). In July 2019, Princes Ltd. (Princes) launched two new canned fish-based product ranges, Infused Tuna Fillets and Mackerel Sizzle. The Mackerel line contains skinless and boneless mackerel fillets in a marinade, while the Tuna range features the hand-picked pieces of tuna infused in oil. Thus, the rising number of launches of food and beverage products in metal packaging is expected to drive the growth of the global tinplate market in the F&B packaging sector during the forecast period.
- Market Challenges - The volatility in raw material prices will be a major challenge for the tinplate market during the forecast period. Various types of raw materials are used in tinplates, such as iron or steel and tin. The cost of these raw materials determines the price of the end product. The widening gap between the demand for and supply of the above raw materials in the last few years has led to a considerable increase in their prices. Factors affecting the price of raw materials are the changing economic conditions, currency fluctuations, commodity price fluctuations, transportation costs, resource availability, and political instability. Thus, fluctuations in the prices of raw materials like steel and tin are expected to pose a challenge to the market.
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Tinplate Market : Segmentation
The tinplate market report is segmented by Type (double reduced and single reduced) and Geography (APAC, Europe, North America, MEA, and South America). Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the tinplate market size and actionable market insights on each segment.
View our sample report for additional insights into the contribution of all the segments ®ional opportunities in the report.
Some Companies Mentioned
.The tinplate market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
- ArcelorMittal SA
- GPT Steel Industries Ltd.
- JFE Holdings Inc.
- JSW STEEL Ltd.
- Nippon Steel Corp.
- POSCO Group
- Sinosteel Corp.
- Thyssenkrupp AG
- Tinplate Co. Of India Ltd.
- United States Steel Corp.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Tinplate Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.25% |
Market growth 2022-2026 |
3236.02 Metric tons |
Market structure |
Fragmented |
YoY growth (%) |
2.10 |
Regional analysis |
APAC, Europe, North America, MEA, and South America |
Performing market contribution |
APAC at 57% |
Key consumer countries |
China, US, India, Germany, Brazil, and UAE |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
ArcelorMittal SA, GPT Steel Industries Ltd., JFE Holdings Inc., JSW STEEL Ltd., Nippon Steel Corp., POSCO Group, Sinosteel Corp., Thyssenkrupp AG, Tinplate Co. Of India Ltd., and United States Steel Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2021
- Market outlook: Forecast for 2021 - 2026
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Type
- Market segments
- Comparison by Type
- Double reduced - Market size and forecast 2021-2026
- Single reduced - Market size and forecast 2021-2026
- Market opportunity by Type
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2021-2026
- Europe - Market size and forecast 2021-2026
- North America - Market size and forecast 2021-2026
- MEA - Market size and forecast 2021-2026
- South America - Market size and forecast 2021-2026
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- ArcelorMittal SA
- GPT Steel Industries Ltd.
- JFE Holdings Inc.
- JSW STEEL Ltd.
- Nippon Steel Corp.
- POSCO Group
- Sinosteel Corp.
- Thyssenkrupp AG
- Tinplate Co. Of India Ltd.
- United States Steel Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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SOURCE Technavio
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