Global Composite Cans Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
"Global Composite Cans Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global composite cans market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global composite cans market report has been segmented on the basis of product type, can diameter, closure type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the global market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the global composite cans market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Composite can have a cylindrical fiber body constructed with layers of paper around it and by applying metal, tin, aluminum, or paper at one or both ends. There are four main structures in the body of a composite can viz., aluminum inner web, multipole intermediate webs, label web, and membrane.
In manufacturing of composite cans the membrane and tear off tabs are manufactured by metals preferably by aluminum. The membrane is manufactured in a deep drawing and blanking device. Similarly, closures of composite cans are available in different forms such as paper board shakers, aluminum-membranes with tear tab, and paper board ends.
Increasing utilization of composite cans for various applications across the globe is a key factor expected to drive growth of the global composite cans market during the forecast period, owing to various features of composite cans such as, high insulation, water retention, highly durable, flexibility, and heat resistance capacity. Also, composite cans provide product safety feature for ambient and cold fill contents.
Rising preference for composite cans among packaging industries across the globe to enhance content lifespan and improve product durability is expected to support growth of the global composite cans market in the near future. In addition, composite cans are safe for environment and user friendly. This in turn is expected to proliferate growth of the target market during the forecast period.
Increasing demand for composite cans with corrosion resistant, chemical resistant, molded dimensional accuracy, high flexural modulus to carry demanding loads, and high impact strength property among food and beverages industries is another factor expected to boost growth of the global composite cans market. In addition, increasing preferences for composite cans among food and beverages industry for dry and liquid food packaging such as powdered drinks, tea, coffee, and liquid condensed milk is expected to support growth of the global composite cans market.
Furthermore, increasing awareness about environmental benefits of composite cans and increasing awareness about composite materials among various sectors for product enhancements and transport is expected to provide significant opportunities for various players in the global market.
However, stringent regulations associated with use of composite cans in construction sector is a key factor expected to hamper growth of the target market to a certain extent.
Market in Asia Pacific is expected to dominate the global market in terms of revenue, owing to increasing environment pollution concerns among packaging industries in countries such as China, India, and Japan. Market in North America is expected to witness highest growth in the global market in terms of revenue, owing to increasing preference of composite materials in consumer goods packaging among food and beverage sector in countries in the region.
Furthermore, market in Europe is expected to witness lucrative growth in terms of revenue, owing to increasing preference for eco-friendly packaging materials in countries in the region. Market in Middle East & Africa is expected to account advent growth in the global market in terms of revenue, owing to increasing utilization of composite cans among various industries in the regions.
Global Composite Cans Market Segmentation:
Global Composite Cans Market Segmentation, by product type:
- Linear Draw Cans
- Spiral Wound Cans
- Convolute Winding
Global Composite Cans Market Segmentation, by can diameter:
- Less than 50 mm
- 100mm & above
Global Composite Cans Market Segmentation, by closure type:
- Snap On
- Aluminum Membrane
- Plastic Membrane
- Paperboard Ends
Global Composite Cans Market Segmentation, by application:
- Consumer Goods
- Industrial Goods
- Textiles and Apparels
- Agriculture Industries
- Food & Beverage Packaging
- Personal Care and Cosmetics
Global Composite Cans Market Segmentation, by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Sonoco Products Company
- Amcor Ltd
- Smurfit Kappa Group PLC
- Mondi Group
- Ace Paper Tube Company
- Irwin Packaging Pty Ltd
- Halaspack Packaging Bt.
- Quality Container Company
- Macherey-Nagel GmbH & Co.
- Pioneer Packaging, Inc.
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