06-Jan-2021 | Zion Market Research
According to Zion Market Research, the global composite cans market valued for $3,760 million in 2017 and is projected to attain $6,985 million by 2025, developing with a CAGR of 7.2% in the forecasted period. The rising demand for lightweight and eye-catchy designs are some of the major factors controlling the market growth. Nevertheless, design issues are impacting the development of the market. The composite cans are a cylindrical paper tube that generally has a body produced of several layers of Kraft paper lacerated by convolute, spiral, and linear draw winding technique. It presents exceptional characteristics like high heat resistance, outstanding interlaminate bond strength, high splitting endurance of cardboard base, widened shelf-life, and vast blockade against gas.
Some of the leading contenders in the market are Amcor Ltd, Quality Container Company, Corex Group Tinpak, Irwin Packaging, Ace Paper Tube, Smurfit Kappa, Nagel Paper, Halaspack Bt, Mondi Group, Sonoco Products Company, Compocan Industries, and Canfab Packaging.
Increased Use Of Composite Cans To Stimulate The Global Composite Cans Market
The augmented use of composite cans for different applications globally is a major aspect anticipated to propel the growth of the worldwide composite cans market in the forecasted period, due to various attributes of composite cans like water retention, high insulation, flexibility, highly durable, and heat resistance capacity. In addition, the composite cans present product safety characteristic for milieu and cold fill contents. The increasing preference for composite cans amongst packaging industries worldwide to boost content lifespan and advance product durability is anticipated to support the expansion of the worldwide composite cans market in the coming years. Additionally, composite cans are user-friendly and safe for the environment.
The global composite cans market is categorized on the basis of closure types, production types, can diameter, end-users, and geography. By production type, the market is divided into linear draw, convolute winding, and spiral winding. By closure types, the market is divided into lids and caps. By can diameter, the market is segmented into 50mm-100mm, less than 50mm, and 100mm & above. By end-users, the market is divided into consumer goods, agriculture, industrial goods, food & beverage packaging, textiles & apparel, and personal care & cosmetics.
Asia Pacific Region To Witness Highest Growth In The Global Composite Cans Market
Based on the geographical analysis, the global composite cans market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region is anticipated to rule the global market with regard to revenue, due to surging environment pollution apprehensions in the packaging industries in nations like India, China, and Japan. The North America region is likely to record the highest growth in the international market regarding revenue, due to increased inclination of composite materials in consumer goods packaging amongst the food & beverage segment in the region.
Browse the full “Composite Cans Market- By Closure Type (Caps And Lids), By Production Type ( Spiral Winding, Convolute Winding, Linear Draw), By Can Diameter (Less Than 50 Mm, 50 Mm - 100 Mm, 100 Mm & Above), By End Use (Food & Beverage, Agriculture, Textiles And Apparels, Personal Care & Cosmetics, Consumer Goods, Industrial Goods)- Global Industry Perspective Comprehensive Analysis And Forecast, 2020 - 2026.” Report at https://www.zionmarketresearch.com/report/composite-cans-market
The global composite cans market is segmented as follows:
By production types:
By closure types:
By can diameter:
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