Tinplate Future of India s Packaging Industry
Published on : Jun-2023
Tinplate is a thin sheet of steel coated with tin to prevent rust corrosion typically used for packaging of food and beverages, oils, powders, paints, etc. Tinplate is also used for diverse purposes such as the manufacturing of engine gaskets, oil filters, and brake line tubes due to its corrosion resistance, solderability, lustrous appearance properties. The eco-friendly and recyclable nature of tinplate promotes the sustainable use of natural resources. Tinplate packaging is convenient to ship and store due to its high strength and fewer weight properties, moreover, they also ensure the longer shelf life of products preventing them from coming in direct contact with water vapor and other gasses.
The decision to ban single-use plastics by various state governments has been observed lately after taking health and environmental issues into consideration and mounting plastic waste. State governments announced to ban plastic packaging of products like biscuits and chips even at the manufacturing stage. Raising awareness of environmental issues may weave the market for tinplate packaging in India owing to its recyclable nature.
Source: APEAL
Source: APEAL
Steel, when used for packaging, is coated with tin known as tinning which is a cost-effective process, amelioration in the recycling rate of steel packaging is observed between the period of 1991-2018. Thus, steel comprises the highest recycling rate of 82.5% and plastics hold the lowest of 41.9% respectively. The government of India is moving towards the banning of plastic to prevent harmful implications.
The propensity to consume escalates with an upsurge in the disposable income. The upswing in the levels of per capita disposable income leads to an increase in consumption and a rise in demand for consumable goods as well as other commodities. Thus, disposable income shares an indirect relationship with the growth of the packaging industry. With the rise in demand of food and beverages, oils and paints, aerosols, etc., demand for packaging also rises. Tinplate is the most suitable alternative for such commodities facilitating convenient packaging.
Source: The Ministry of Statistics and Program Implementation
Proliferation in demand for processed food and consumer awareness will support the Tinplate packaging market. Processed food comprises food products that are cooked, frozen, canned, or changed in nutritional composition with added preservatives to avoid spoilage. Tinplate packaging being the most convenient and efficient alternative for transporting food ensures prevention from spoilage of food since it creates a barrier between the food product and air particles, thus, providing longer shelf life. It is durable, resistant, and strong.
Augmentation of sales value and volume of processed foods in the year 2017 represents tremendous growth in the processed food sector encouraging the tinplate packaging market to escalate in the future.
Fatpos global predicts with the changing lifestyle and consumer preferences, demand for products holding longer shelf life is increasing which can be possibly done by using tinplate for packaging and storage of the products which may foster the demand of the global tinplate packaging market. Plastic contains toxic elements and is not preferred by most of the consumers to store food products and can be substituted by tinplate packaging. Rising disposable income and higher recycling rates of steel are some of the major factors contributing to the growth of the tinplate packaging market in India.
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