The global composite paper cans market is projected to reach US$ 1,539 million by 2033, growing at a CAGR of 5.6% from 2023 to 2033, according to a recent report. This significant growth is attributed to a surge in sustainability investments and a growing consumer preference for eco-friendly packaging solutions.
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Key Findings of the Report:
- Market Growth: The market is expected to witness a steady rise due to the increasing demand for convenience and packaged food and beverages. Additionally, stricter regulations aimed at reducing plastic and aluminum packaging will further propel market growth.
- Sustainability Focus: The adoption of sustainable materials in composite paper can production attracts environmentally conscious consumers. This eco-friendly packaging option offers a viable alternative to traditional paper and plastic solutions.
- Regional Leaders: Germany has emerged as a leading market for composite paper cans in Europe, while the United States is expected to account for a significant share of global sales within North America.
- Product Innovation: Leading manufacturers are constantly innovating and adopting better quality materials and designs to cater to evolving end-user needs.
- E-commerce Boost: The rise of e-commerce has facilitated the growth of composite paper cans due to their ability to withstand transportation demands, ensuring safe delivery of takeaway beverages and frozen items.
Competitive Landscape
Increasing focus on providing sustainable solutions to meet consumer demand have increased the production of composite paper cans, facilitating the manufacturers with remunerative growth opportunities over the coming years.
In March 2019, A&R Carton, a key market player, announced the launch of small-sized sustainable board composite cans to meet the requirements of the customers and curb the use of plastic.
Some of the key players operating in composite paper cans market profiled by Future Market Insights include:
- 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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More Insights on the Global Composite Paper Cans Market
In its latest report, FMI provides a detailed segmentation on the global composite paper cans market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of:
Closure Type
- Caps
- Snap On
- Plug
- Lids
- Aluminum Membrane
- Plastic Membrane
- Paperboard
Production Type
- Spiral Winding
- Convolute Winding
- Linear Draw
Can Diameter
- Less than 50 mm
- 50 mm to 100 mm
- Above 100 mm
End Use
- Food and beverages
- Tea/Coffee
- Snacks
- Alcoholic Beverages
- Others
- Agriculture
- Household
- Personal & Cosmetics
- Others
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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