BusinessDemand for Sustainable Tinplate Packaging On the Rise Within...

Demand for Sustainable Tinplate Packaging On the Rise Within Food & Beverage Industry

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Award winning market research company Fact.MR’s report on global tinplate packaging market presents a moderate growth outlook through 2021 and beyond. Replacing conventional packaging with sustainable solutions will fuel demand for tinplate packaging during the forecast period, evaluates Fact.MR.

According to the study, the market is projected to grow at 4.2% in 2021. Tinplate packaging manufacturers are diverting their focus from usage of Bisphenol A (BPA) and has increased the usage of recyclable products. Increasing focus on offering greater sustainability within diverse sectors such as food, beverage and drinks packaging will drive sales.

Additionally, demand for recyclable cans is considerably increasing in food and beverage industry due to the increasing demand for ready-to-eat food products among consumers. Increasing concerns pertaining to environmental safety and stringent regulations implemented by government regarding the usage of hazardous materials have been encouraging tinplate packaging uptake among manufacturers.

“Increase in demand for sustainable products from food & beverage industry and decreasing price of raw materials are expected to enable growth in tinplate packaging market,” says a Fact.MR analyst.

Request a report sample to gain comprehensive insights here.

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Key Takeaways

  • By product, Cans to hold 1/3rd market share of tinplate packaging
  • Food & beverage industry collectively account for 80% demand of tinplate cans
  • UK to lead the European tinplate packaging market through 2021 and beyond
  • United States to hold over 50% of the market share during the forecast period
  • Application in food packaging to dominate the market through 2029
  • By thickness, 0.20mmm to 0.40mm tinplate packaging to grow by 1.7x through 2029

Prominent Drivers

  • Rising demand for packaged food and aerosol products are major drivers for tinplate packaging market
  • Rising consumption of canned food and recyclability of Tin is accelerating the demand
  • Evolving food and beverages market is indirectly catering the demand of tinplate packaging market

Key Restraints

  • Increasing preference of PET bottles is likely to hinder the growth of tinplate packaging market
  • High demand of plastic packaging is giving a tough competition to tinplate packaging market, challenging the growth

Discover more about the tinplate packaging market with 105 figures and 128 data tables here.

Competitive Landscape

AJ Packaging Limited, Tinplate Company, Zenith Tins, HUBER Packaging Group GmbH, Golden Grain Group Ltd., Ball Corporation, CPMC, Crown Holdings, Greif Incorporated, and Thyssenkrupp among others are some of the prominent manufacturers profiled by Fact.MR. Leading players are inclined towards using key strategies such as collaborations and product innovation to maintain the competitive edge in the industry.

For instance, on 8th April 2021, Crown Holdings Inc. announced that it has entered into a definitive agreement to sell its European Tinplate business to KPS Capital Partners, LP. Crown will receive pre-tax proceeds of approximately €1.9 billion from the transaction and will retain a 20% ownership stake in the business.

More Valuable Insights on Tinplate packaging Market

In its latest report, Fact.MR provides a detailed segmentation on the global tinplate packaging market for the period 2019-2029. The study divulges essential insights on the tinplate packaging market trends, growth and opportunities. To gain a better perspective, the market is segmented on the basis of thickness (0.13-0.20 mm, 0.20-0.40 mm, and more than 0.40mm), product type (cans, containers, lids, and others), application (food packaging, beverages packaging, alcoholic drinks, non-alcoholic drinks, aerosol products packaging, cosmetics, healthcare, automotive, and others), and key regions (North America, Europe, East Asia, South Asia & Oceania, and rest of the world).

Key Questions Covered in the Report

  • Which region will account for the largest market share?
  • Which segment holds the major market share for tinplate packaging market?
  • What are the key drivers and restraints for the tinplate packaging market?
  • Why is demand for tinplate packaging in packaging industry accelerating?
  • Which are the prominent players operating in the tinplate packaging market?

Request More Information about Report Methodology.

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Explore Fact.MR’s Coverage on Retail & Consumer Goods Domain

Food Service Packaging Market: The global food service packaging market report published by Fact.MR offers an exhaustive analysis on the prominent growth dynamics, including possible drivers, opportunities and challenges, expected to prevail across the landscape for the upcoming decade. A detailed insight regarding key geographies and prominent manufacturers has been embedded in this report.

Retail Ready Packaging Market: Fact.MR’s latest report on global retail ready packaging market gives a detailed insight on the key drivers, trends and opportunities expected to prevail across prominent segments and key geographies for the forthcoming assessment period. Additionally, details about prominent manufacturers and their revenue shares have also been incorporated.

On-The-Go Food Packaging Market: The latest report by Fact.MR on global on-the-go food packaging market offers an unbiased analysis on the growth prospects, strategies and competitive landscape for the upcoming period. The key players’ market share data provided by the report given you a detailed insights on the shortcomings and forthcomings of the market for the forecast period.

About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust them for making their most critical decisions. They have offices in US and Dublin, whereas global headquarter is in Dubai. While experienced consultants employ the latest technologies to extract hard-to-find insights, Fact.MR believe USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, coverage is expansive, but they ensure even the most niche categories are analyzed.

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