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Market Overview of Global Tinplate EOE market:
According to our latest research, the global Tinplate EOE market looks promising in the next 5 years. As of 2022, the global Tinplate EOE market was estimated at USD 1449.14 million, and it's anticipated to reach USD 2436.51 million in 2028, with a CAGR of 9.05% during the forecast years.
EOE is a cover that is pre-engraved with a score line to a certain depth, riveted with a pull tab, and can be safely torn along the score line when opened. EOE is mainly used for capping and opening of beverage cans, food cans, oil cans, paint cans, aerosol cans and other cans. Tinplate EOE mainly refers to EOE products made with Tinplate.
Influence of COVID-19 Outbreak on Tinplate EOE Industry Development
The raging COVID-19 has plunged the global economic environment into a depression. The impact of COVID-19 on the Tinplate EOE industry will involve all major links and all entities in the industry chain. From the perspective of upstream raw materials, in the short term, the impact of supply chain disruption on SMEs is relatively small. According to data, among small and medium-sized enterprises and large enterprises, about 21.2% of enterprises believe that supply chain disruption is the main pressure. In addition, the outbreak of the epidemic has prompted countries around the world to implement comprehensive traffic control and other measures. This poses a certain threat to global supply chains. This is mainly reflected in the impact of the epidemic on raw material procurement. Due to the limited production and poor logistics of raw material suppliers, the procurement of raw materials is facing difficulties, but with the progress of the resumption of work and production, this situation will be effectively alleviated.
From the companies of Tinplate EOE, in the short term, the impact of the COVID-19 pandemic on SMEs is relatively large. First, traffic control has led to a significant increase in product transportation costs. Second, some personnel-intensive companies had to delay the start of construction, and their cash flow was challenged. Third, the risk of order default increases, and subsequent order transactions are affected. Fourth, import and export business is affected by immigration control. In the short term, it is more difficult for SMEs to survive.
From the downstream point of view, the impact of the epidemic on the downstream customers of Tinplate EOE is comprehensive. For the food and beverage industry, during the severe epidemic period, downstream consumers' demand for canned alcoholic beverages increased. Take beer, for example. Before the epidemic, beer was mostly sold in ready-to-drink markets such as catering and nightclubs, and bottled beer in these channels accounted for a large proportion. During periods of severe outbreaks, such as January and February 2020. As the consumption of beer in catering, night markets and other channels has basically stagnated, the proportion of beer consumption in non-ready-to-drink channels such as supermarkets and e-commerce has increased significantly, while supermarkets and e-commerce channels mainly sell canned beer. Therefore, during the severe epidemic period, the demand for Tinplate EOE showed a rising trend. In the long run, with the gradual control of the epidemic and the rising vaccination rate, the global economy is gradually recovering. However, the mutated Omicron virus is spreading around the world, and canned food and other daily necessities and food are also being snapped up in some severely infected areas. It can be seen that in the post-epidemic era, the demand for Tinplate EOE will continue to rise.
Strengths
Stable and increasing demand for Tinplate EOE in the food and beverage industry
In recent years, the global food and beverage industry is in a state of rapid development due to the continuous growth of the population size and the stable development of the economy. In 2020, U.S. retail food and beverage store sales were estimated at $865 billion, according to Statista. The U.S. e-commerce food and beverage industry revenue in 2020 was $18.7 billion. That figure is expected to rise to $25.7 billion by 2025. Although COVID-19 has brought uncertainty to the food and beverage industry, food and beverages have experienced rapid growth as a necessity for people. At the same time, the demand for the food and beverage industry in the North American and European markets has steadily increased, and highpotential markets such as India, Brazil, Mexico, Indonesia and Vietnam have also brought opportunities for the development of the food and beverage industry. This is mainly due to the growing number of middle-class consumers and higher consumer demand for staple foods and dairy products. In the food and beverage industry, Tinplate EOE is mainly used in the sealing and opening of fruit juice, soft drinks, beer, wine and other products. Tinplate EOE guarantees safe, hygienic and contaminationfree food. Therefore, Tinplate EOE has an important position in the food and beverage industry segment. As a result, the continuous development of the food and beverage industry is driving the continuous growth of the Tinplate EOE market.
Region Overview:
From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.
Company Overview:
Crown is one of the major players operating in the Tinplate EOE market, holding a share of 26.44% in 2021.
Crown Holdings, Inc., through its subsidiaries, is a leading global supplier of rigid packaging products to consumer marketing companies, as well as transportation and protective packaging products, equipment and services for a wide range of end markets. Crown's consumer packaging includes steel and aluminum cans for food, beverage, household and other consumer products, glass bottles for beverage products and metal vacuum caps, and sales through Crown's sales organization to soft drinks, food, citrus, brewing, Steel crown products for household, personal care and various other industries.
Easy Open Lid Industry Corp Yiwu was founded in 1988, specializing in easy-open technology research, easy-open equipment development, and easy-open product manufacturing. The company's leading products: round, square and oval tin or chrome easy-open lids, food cans, bottom lids and beverage lids.
Segmentation Overview:
Among different product types, 200 Series segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Food segment occupied the biggest share from 2018 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Tinplate EOE market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Tinplate EOE Market Report:
Market Size Estimates: Tinplate EOE market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Tinplate EOE market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Tinplate EOE market
Segment Market Analysis: Tinplate EOE market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Tinplate EOE market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Tinplate EOE Market: Revenue and sales volume of major countries in each region
Tinplate EOE Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Tinplate EOE market in major regions.
Tinplate EOE Industry Value Chain: Tinplate EOE market raw materials & suppliers, manufacturing process, distributors, downstream customers
Tinplate EOE Industry News, Policies & Regulations
Key players in the global Tinplate EOE market are covered in Chapter 12:
Guangdong Enpack Packaging
Zhejiang Changhong
Fujian Example Group
Easy Open Lid Industry Corp Yiwu
EMIC
Scan Holdings
Youpeng Packaging
Xiangda Enterprise
SWAN Industries (Thailand)
Crown
Jieyang Hualong
In Chapter 2 and Chapter 15.1, based on types, the Tinplate EOE market from 2018 to 2028 is primarily split into:
200 Series
300 Series
400 Series
Others
In Chapter 3 and Chapter 15.2, based on applications, the Tinplate EOE market from 2018 to 2028 covers:
Food
Beverage
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Tinplate EOE market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028