Selbyville, Delaware, Global Composite Paper Cans Market size to reach USD 7.07 billion by 2028 and is valued at approximately USD 4.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5.18% over the forecast period 2021-2028.
Composite paper cans are lightweight, easily openable packaging solution with high sealing properties. They have moisture and oxygen resistance properties which helps in preserving the taste and aroma of the product for a longer period of time.
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Use of composite paper cans, reduces the requirement of can openers, as they have an easy to open and resealable lid. This lid eliminates the spillage of the packaged product. Light weight feature of composite paper cans makes packaged product easy to carry and also reduces the cost of transportation. The composite paper cans have high crushing strength, thereby protecting the packaged product. Composite paper cans have shelf appealing features and thus gets consumers attention in crowded shelves. These properties of composite paper cans increase its end use for food and beverage industry, consumer goods, household and others. Key factors expected to drive growth of the global composite paper cans market is rising adoption of these product by food and beverages sector due to high demand for an effective packaging solution. In addition, effective features and benefits of the products such as eco-friendly, cost-effectiveness, availability in different shapes and size, lightweight, etc., rising disposable income, and increasing demand for ready-to-go food products are some other factors expected to drive growth of the target market. However, product recalls owing to some chemical reactions between paper cans and food is the factors expected to hamper growth of the global composite paper cans market over the forecast period.
Major market player included in this report are:
- Sonoco Products Company,
- Mondi Group PLC,
- Smurfit Kappa Group plc.,
- COREX Group
- TinPak (Pvt) Ltd,
- Saamarth Container,
- Lenzing Accessories (Pvt) Ltd.,
- Compocan Industries,
- Hangzhou Qunle Packaging Co., Ltd
The regional analysis of the global composite paper cans market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. APAC is the leading region across the world in terms of market share and is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027. . Factors such as flourishing of food and beverage sector, economic growth, advanced technology, and environmental awareness are augmenting the plastic caps & closures market growth. Additionally, the product is likely to find a spectrum of applications in pharmaceutical, consumer goods, and healthcare sectors. Furthermore, shift in consumer trend towards convenience and aesthetic packaging will further proliferate the market demand in the region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
- Paper and paperboard
- Food and beverage industry
- Consumer goods
- Retail and wholesale
- Cosmetics and personal care cosmetics,
- Pharmaceuticals and chemicals
Global Composite Paper Cans Market: regional analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Composite Paper Cans market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Furthermore, years considered for the study are as follows:
- Historical year – 2018, 2019
- Base year – 2020
- Forecast period – 2021 to 2027.
Some of the major questions addressed in the report are:
- What are the crucial factors driving the market?
- What shall be the expected growth acceleration and rate of the market during the forecasted timeframe?
- What was the market size value of the Composite Paper Cans in 2020?
- What shall be the Composite Paper Cans Market size by 2027?
- Which region shall account for the largest market share of the Composite Paper Cans Industry?
- What are the market threats and opportunities considered by the vendors in the Composite Paper Cans Market?
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