According to a report from CIC, the environmental advantages of tinplate over other packaging materials are in line with the upgrading trend of the coatings industry, and the introduction of many policies strongly supports the “greener” In 2012~2016, the market size of China’s tin-plated iron coating packaging market increased from 6.6 billion yuan to 9.6 billion yuan, with a compound annual growth rate of nearly 10%, and is expected to grow in the next five years. With a compound annual growth rate of 6.4%, it will continue its good development momentum and is expected to exceed the 13 billion yuan mark in 2022. Among them, steel drums perform better than iron cans, and will continue to grow at a compound annual growth rate of more than 9% in the past five years, rising from 3.7 billion yuan to 5.8 billion yuan.
The report analyzes in detail the troika driving the rapid growth of China’s tinplate chemical tank (barrel) market.
Continued growth in demand for coatings drives tinplate packaging applications. In the past five years, the steady development of downstream industries such as housing construction, public infrastructure construction, and automobile manufacturing has driven the continuous growth of China’s coatings market demand. The output increased from 12.72 million tons in 2012 to 19 million tons in 2016, with a CAGR The rate is about 10.6%. It is estimated that in the next five years, the compound annual growth rate of coating production will be about 6.7%, reaching 24.98 million tons in 2021.
The environmental advantages of tinplate over other packaging materials conform to the upgrading trend of the coatings industry. With the enhancement of people’s awareness of environmental protection, environmental protection coatings are becoming more and more popular, and environmental protection, health and safety will become the general trend of the coatings industry. Tinplate packaging has two advantages over other packaging materials: natural degradation and recycling, which conforms to the upgrading trend of the coating industry.
The introduction of many policies has strongly supported the future development of the “greener” metal packaging industry. In recent years, the introduction of many policies such as “Guiding Opinions on Accelerating the Transformation and Development of my country’s Packaging Industry” and “13th Five-Year Development Plan for China’s Packaging Industry” have strongly supported the future development of the metal packaging industry that has been labelled green packaging.