The global composite paper cans market is projected to expand at a CAGR of 5.6% from 2023 to 2033, significantly outpacing the 3.3% CAGR observed from 2016 to 2022. This growth trajectory highlights the increasing investment in sustainability and the rising demand for eco-friendly packaging solutions among end-users. By the end of the forecast period, the market is expected to achieve a valuation of US$ 1,539 million.
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Key Highlights from the Composite Paper Cans Market Report:
- Emergence of Leading Markets: Germany has emerged as a key market for composite paper cans in Europe, with an estimated valuation of US$ 261.6 million in 2022. In North America, the United States is expected to account for 16.2% of total sales globally.
- Consumer Preference for Sustainable Packaging: The adoption of sustainable materials in composite paper cans, particularly in food and beverage packaging applications, has garnered significant traction. Composite paper provides enhanced durability and strength compared to traditional paper cans, attracting environment-conscious consumers.
- Leading Manufacturers: Major players in the composite paper cans market include Smurfit Kappa Group plc, Amcor plc, Mondi Group plc, Sonoco Products Company, and others. European manufacturers collectively dominate more than 38% of the market share.
E-commerce and Pandemic Impact:
The COVID-19 pandemic has significantly influenced consumer behavior, particularly the shift towards online shopping. Leading companies have revised their supply chain strategies to meet the evolving demands of online buyers. Takeaway beverages and frozen items are especially susceptible to damage during transport, necessitating robust packaging solutions.
Composite paper cans, with their internal laminated coatings, help maintain product shelf life and ensure minimal contact through aluminum membranes. Snap-on or plug caps used for beverages prevent spillage, making these cans an ideal choice for on-the-go snacking and takeaways. These features minimize consumer inconvenience caused by product damage, further driving market demand.
Key Points Covered in the Composite Paper Cans Market Study:
- Market estimates and forecast from 2016 to 2033
- Analysis of key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- Recommendations on key winning strategies for market players
key players:
- Smurfit Kappa Group Plc
- Mondi Group Plc
- Amcor Plc
- Sonoco Products Company
- Ace Paper Tube Corp
- Irwin Packaging Pty Ltd
- Paper Tubes And Sales(PTS) Manufacturing
- Canfab Packaging Inc.
- Bharath Paper Conversions
- Nagel Paper
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Key Segments:
By Closure Type:
- Caps
- Snap On
- Plug
- Lids
- Aluminum Membrane
- Plastic Membrane
- Paperboard
By Production Type:
- Spiral Winding
- Convolute Winding
- Linear Draw
By Can Diameter:
- Less than 50 mm
- 50 mm to 100 mm
- Above 100 mm
By End-Use:
- Food and beverages
- Tea or Coffee
- Snacks
- Alcoholic Beverages
- Others
- Agriculture
- Household
- Personal & Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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