Global Tinplate EOE Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Tinplate EOE Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Tinplate EOE market finds that the global Tinplate EOE market reached a value of USD 1449.14 million in 2022. It’s expected that the market will achieve USD 2436.51 million by 2028, exhibiting a CAGR of 9.05% during the forecast period.

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.

Strength
s
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.

Key Companies in the global Tinplate EOE market covered in Chapter 3:

Fujian Example Group
Youpeng Packaging
SWAN Industries (Thailand)
Guangdong Enpack Packaging
Scan Holdings
Easy Open Lid Industry Corp Yiwu
Zhejiang Changhong
Jieyang Hualong
Xiangda Enterprise
Crown
EMIC

In Chapter 4 and Chapter 14.2, on the basis of types, the Tinplate EOE market from 2018 to 2029 is primarily split into:

200 Series
300 Series
400 Series
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Tinplate EOE market from 2018 to 2029 covers:

Food
Beverage
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)