The "India Tinplate Market" is expected to grow at a high CAGR during the forecasting period (2022-2029).
Tinplate is a tin sheet that can be used for packaging purposes especially for the production of cans
The India market is segmented based on type, thickness, grade end-user, and region
The tinplate market is highly competitive with existing players in the market
Key players are adopting strategies such as investing in R&D, new product launches, expansion in distribution channels to stand out as strong competitors in the market
In June 2020, the Indian government expressed interest in imposing anti-dumping duties on Japan, South Korea, European Union, and the U.S. The anti-dumping duties might range between US$ 222 to US$ 334 per ton for five years
The Indian tinplate market is estimated to grow with a steady growth rate in the next few years owing to increased demand for deodorants and aerosol cans. However, the availability of cheap substitutes in the country can restrict the market
The FMCG industry is the primary consumer of tinplate and holds a significant share in the tinplate market
Further, the growing paints and coating market and its consumption of tinplate for packaging would provide traction for the market
The India tinplate market is majorly segmented based on type, thickness, grade, end-user, and region. Based on the types, the market is categorized into single reduced and double reduced
Regarding thickness, the market is segmented into less than 0.05 MM, 0.05 MM to 0.08 MM, 0.09 MM to 0.13 MM, 0.13 MM to 0.18 MM, 0.18 MM to 0.23 MM and more than 0.23 MM
Geographically the market is segmented as North India, West India, South India, East India, and Central India
India is one of the major producers of the tinplate and would play a key role in developing the Asia market for tinplate market
Tata Tinplate, GPT Steel Industries, JSW, ArcelorMittal, and NIPPON STEEL CORPORATION are significant players in the market. Tata Tinplate is the leading producer of tinplate and holds a majority of the market share within India
In July 2019, JSW Steel launched a new tinplate product under the brand name JSW Platina which is a premium grade tinplate for the packaging industry. Currently, JSW has 350,000 Tons capacity for tinplate which the company is looking to extend to 500,000 Tons
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