Composite Paper Cans Market - Global Industry Analysis

Composite Paper Cans Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Packaging Report Format : PDF Report Code: ZMR-6734 Status : Upcoming

Description

Global Composite Paper Cans Market: Overview

Composite paper cans are light in weight and are a convenient packaging solution along with effective sealing properties. These cans are oxygen and moisture resistant that preserves the aroma and taste of the product for a comparatively extended period of time. These composite paper cans also eliminate the need for can openers as they can be easily opened and have a re-sealable lid. Lid helps in avoiding the product spillage issue and the lightweight nature of these composite paper cans make it an ideal option for travelling. In addition, these cans possess exceptional crushing strength and appealing shelf features to grab the attention of consumers on the crowded shelves. Such properties of these cans extend their use in the number of end-user sectors like consumer goods, food & beverage, household, and others.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Composite Paper Cans Market: Growth Factors

There is a growing demand for effective packaging solutions which are eco-friendly, cost-effective, and light in weight. Composite paper cans possess all these attributes, and hence are the preferred packaging solution among consumers fueling the growth of the global composite paper cans market. Food manufacturers adopt these cans over others to introduce their new range of processed ready to eat food items as these cans preserve the flavor, aroma, and taste of the product. Furthermore, these cans are made of a combination of multiple layers, which enhance the barrier and offer crushing strength. However, the growing initiatives from the government to promote and invest in sustainable products will further encourage the growth of the global composite paper cans market. Several leading manufacturers are investing heavily in research and development activities to come up with innovative and distinctive products in the market. In addition, the growing inclination of people towards biodegradable material has significantly scaled up the production and demand for composite paper cans globally. In addition, these cans have also emerged as a safer and cheaper alternative to metal or plastic cans. The growing awareness among people regarding the negative impacts of plastic and metal cans on the environment is further transforming masses towards composite paper cans. However, such landscape emphasizes the manufacturer's focus on environmental protection and waste management areas. As a result, it is compelling them to adopt green practices that also aid in long term profits. The advent of e-commerce channels along with its rapid proliferation is significantly facilitating the growth of the global composite paper cans market manifolds. Owing to the Covid-19 pandemic, many of the companies are revising the supply chain channels and strategies to meet the growing demand of online buyers. Frozen items and takeaway beverages are at higher risk of getting damaged during transit, and consequently, manufacturers are focusing on selecting the efficient and right type of packaging solution for such food items. Thereby, it is expected that there will be a huge demand for composite paper cans over the forecasted periods owing its internal laminated coating that helps in maintaining the shelf life of the products. The easy availability of a wide range of capacities of composite paper cans is also driving the growth. Food and beverage sector demands for varied capacity cans which are of superior quality and have high tensile strength when compared to conventional paper cans. Such attributes are likely to augment the demand for such cans over the forecast periods.

Global Composite Paper Cans Market: Segmentation

The global composite paper cans market can be segmented into end-user, diameter, product, closure type, and region.

By end-user, the market can be segmented into personal & cosmetics, household, agriculture, food & beverages, and others. The food & beverage segment accounts for the largest share in the global composite paper cans market due to the growing demand for takeaway beverages and ready to eat food item deliveries at doorsteps. Also, they are the preferred alternative to plastic cans and cups as they reduce wastage and possess the potential for recycling.

By diameter, the market can be segmented into above 100 mm, 50mm to 100 mm, and less than 50 mm.

By product type, the market can be segmented into the linear draw, convolute winding, and spiral winding.

By closure type, the market can be segmented into lids and caps.

Global Composite Paper Cans Market: Regional analysis

North America holds the largest share in the global composite paper cans market due to the presence of large multinational vendors in the region. Also, the growing demand for on-the-go beverages, frozen food items, and processed foodstuffs are further accentuating the growth of the regional market. In addition, the growing applications of cosmetic products and personal care items will encourage the growth of the regional market.

Global Composite Paper Cans Market: Competitive Players

Some of the significant players in the global composite paper cans market are Nagel Paper, Bharath Paper Conversions, Canfab Packaging Inc., Paper Tubes And Sales(PTS) Manufacturing, Irwin Packaging Pty Ltd, Ace Paper Tube Corp, Sonoco Products Company, and Mondi Group Plc.

Global Composite Paper Cans Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Furthermore, these cans are made of a combination of multiple layers, which enhance the barrier and offer crushing strength. However, the growing initiatives from the government to promote and invest in sustainable products will further encourage the growth of the global composite paper cans market.

 

Some of the significant players in the global composite paper cans market are Nagel Paper, Bharath Paper Conversions, Canfab Packaging Inc., Paper Tubes And Sales(PTS) Manufacturing, Irwin Packaging Pty Ltd, Ace Paper Tube Corp, Sonoco Products Company, and Mondi Group Plc.

North America holds the largest share in the global composite paper cans market due to the presence of large multinational vendors in the region. Also, the growing demand for on-the-go beverages, frozen food items, and processed foodstuffs are further accentuating the growth of the regional market.

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