Global Composite Paper Cans Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Composite Paper 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 paper 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 paper cans market report has been segmented on the basis of material type, end use, and region.
Composite containers are designed to suit the individual requirements of end users. They are design unique graphic patterns and special feature such as the most attractive sales appeal for shelf/retailing, special protection to the contents, and convenient handling with suitable handles.
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 manufactures are focusing on acquisition of other local players in order to reduce the competition and expand its geographical presence. In October 2018, Sonoco Products Company acquired Conitex Sonoco USA, Inc., which is the US-based manufacture of paper-based products. Under this acquisition, the company will focus on expanding its business in faster-growing emerging markets in Asia Pacific.
On the basis of material type, paper and paperboard is expected to dominate the composite paper cans market, owing to eco-friendly option of packaging various products. On the basis of end use, food and beverage industry is expected to dominate the target market, due to growing population across the globe.
The market in North America is expected to dominate in the global composite paper cans market. This is primarily attributed to increasing preference towards environmental friendly option for packaging and rising adoption for composite paper cans by packaging sector in countries in the region. The market in Asia Pacific is expected to be an emerging market for the global composite paper cans market, and is expected to register highest CAGR over the forecast period, owing to increasing demand for on-the-go food products in countries in the region. Moreover, the markets in Europe, Latin America and Middle East & Africa are expected to register significant higher revenue growth in the global composite paper cans market over the forecast period.
GLOBAL COMPOSITE PAPER CANS MARKET SEGMENTATION:
Segmentation by material type:
- Paper and paperboard
- Others (include steel, glass, etc.)
Segmentation by end use:
- Food and beverage industry
- Bakery and confectionary
- Baby food
- Milk powder
- Others (include powdered beverages, cereals, tea, etc.)
- Consumer goods
- Retail and wholesales
- Others (include chemicals, etc.)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Georgia-Pacific LLC
- The International Paper Company
- Huhtamaki Oyj
- Pactiv LLC
- Dart Container Corporation
- D&W Fine Pack LLC
- Hotpack Group
- Jinhua Lansin Commodity Co., Ltd.
- Seow Khim Polythelene Co Pte Ltd.
- HOSTI GmbH
- Nupik-Flo UK Ltd.
- Poppies Europe Ltd.
- Fast Plast A/S
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