Composite Cans Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032
Composite Cans Market- By Closure Type (Caps and Lids), by Production Type (Spiral winding, Convolute winding, Linear draw), By Can diameter (Less than 50 mm, 50 mm - 100 mm, 100 mm & above), By End use (Food & beverage, Agriculture, Textiles and apparels, Personal care & cosmetics, Consumer goods, Industrial goods)- Global Industry Perspective Comprehensive Analysis and Forecast, 2024 - 2032
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 4.50 Billion | USD 6.78 Billion | 4.67% | 2023 |
Composite Cans Market Insights
According to a report from Zion Market Research, the global Composite Cans Market was valued at USD 4.50 Billion in 2023 and is projected to hit USD 6.78 Billion by 2032, with a compound annual growth rate (CAGR) of 4.67% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Composite Cans industry over the next decade.
Global Composite Cans Market: Overview
Composite cans are cylindrical paper tube that usually has a body made of several layers of Kraft paper wounded by spiral, convolute, and linear draw winding methods.
These products are easy to run on standard membrane sealing machines and seamers. Composite cans offer a simplified supply chain. Due to the light weight of composite cans, they are easy to package and transport and save shipping costs.
Global Composite Cans Market: Growth Factors
Composite cans find a plethora of applications in the packaging of daily household products such as coffee whiteners, bread crumbs, diet drinks, hot chocolate mixes, nuts, cakes, spices, tea, cleaning gels, and baking sodas. Composite Cans are highly popular as a result of their cost-effectiveness, environmental safety, durability, versatility, and user-friendliness. Child-resistant and tamper-evident dispenser tops are available for product safety in composite cans, thereby further succoring the growth graph of the composite cans market to reach scalable heights.
These products are used to package dry beverages such as powdered drinks, tea, and coffee. Composite cans are suitable for ambient and cold fill. Beneficial product characteristics include excellent interlaminate bond strength, high heat resistance, high splitting resistance of cardboard base, and extended shelf-life due to the aluminum barrier and a great barrier against gas. This, in turn, is projected to further steer the growth of the composite cans market over the years ahead.
Global Composite Cans Market: Segmentation
The global composite cans market can be classified based on closure type, production type, can diameter, and end-use.
On the basis of closure type, the market is segmented into caps and lids.
Based on the product type, the composite cans market can be sectored into spiral winding, convolute winding, and linear draw.
On the basis of can diameter, the market is classified into less than 50 mm, 50 mm - 100 mm, and 100 mm & above.
End-use wise, the composite cans market is sectored into food & beverage, agriculture, textiles and apparel, personal care & cosmetics, consumer goods, and industrial goods.
Composite Cans Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Composite Cans Market |
| Market Size in 2023 | USD 4.50 Billion |
| Market Forecast in 2032 | USD 6.78 Billion |
| Growth Rate | CAGR of 4.67% |
| Number of Pages | 110 |
| Key Companies Covered | Sonoco Products Company, Amcor Ltd, Smurfit Kappa, Mondi Group, Ace Paper Tube, Irwin Packaging Pty Ltd, Halaspack Bt, Quality Container Company, Nagel Paper, Corex Group Tinpak |
| Segments Covered | By Closure Type, By Production Type, By Can Diameter, By End-Use And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Composite Cans Market: Regional Analysis
Based on regions, the global composite cans market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific is likely to register lucrative growth in the composite cans market during the forecast period. Economic growth, advanced technology, and environmental awareness will further prompt the growth of the composite cans market in the Asia Pacific Region. The flourishing food and beverage sector will help the market gain traction in the region within the next few years. Additionally, the product is likely to find a spectrum of applications in the pharmaceutical, consumer goods, and healthcare sectors. Furthermore, a shift in consumer trends towards convenience and aesthetic packaging will further proliferate the market demand in the region.
North American and Europe markets have huge growth potential and are likely to contribute enormously towards the market earnings in the upcoming years.
Global Composite Cans Market: Competitive Players
Some of the key players in the composite cans market are
- Sonoco Products Company
- Amcor Ltd
- Smurfit Kappa
- Mondi Group
- Ace Paper Tube
- Irwin Packaging Pty Ltd
- Halaspack Bt
- Quality Container Company
- Nagel Paper
- Corex Group Tinpak.
The global composite cans market is segmented as follows:
By production types:
- Convolute Winding
- Linear Draw
- Spiral Winding
By closure types:
- Lids
- Caps
By can diameter:
- Less than 50mm
- 50mm-100mm
- 100mm & above
By end-users:
- Agriculture
- Consumer Goods
- Personal Care & Cosmetics
- Food & Beverage Packaging
- Industrial Goods
- Textiles and Apparels
Global Composite Cans Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
What Reports Provide
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, ongoing, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.
Table Of Content
Methodology
FrequentlyAsked Questions
Paperboard cans are another name for composite cans, which are cylindrical containers manufactured from a combination of materials such as paperboard, aluminium foil, plastic films, and other laminates. Composite cans are also sometimes referred to as paperboard cans. They are put to use in the process of packaging a wide variety of goods, including snacks, nuts, powdered drinks, and even food for pets. Cans made of composite materials are renowned for their longevity as well as their flexibility and lightweight construction. They are also good for the environment because they are created from materials that do not deplete the earth's natural resources and because it is simple to recycle them. Because composite cans have a print surface of such high quality, using them as a vehicle for product branding and marketing is one of the best options available.
Demand on the rise for packaging solutions that are sustainable and friendly to the environment As consumers become more environmentally concerned, there is a need on the rise for packaging solutions that are sustainable and friendly to the environment. It is anticipated that the expansion of the market would be driven in part by the fact that composite cans offer a more environmentally friendly alternative to conventional packaging materials such as plastics. Changing lifestyles, busier schedules, and growing urbanisation are all factors that are contributing to the rise in the demand for packaged food and beverage goods. As a result of these factors, the demand for packaged food and beverage products is on the rise. It is anticipated that the widespread usage of composite cans for the packaging of food items such as snacks, nuts, and powdered drinks would contribute to the expansion of the market.
According to the report, global demand for Composite Cans market size was valued at approximately USD 4.50 Billion in 2023 and is expected to generate revenue of around USD 6.78 Billion by 2032, growing at a CAGR of around 4.67% between 2024 and 2032.
Asia Pacific is likely to register lucrative growth in the composite cans market during the forecast period. Economic growth, advanced technology, and environment awareness will further prompt the growth of composite cans market in the Asia Pacific Region.
Some of the key players in composite cans market are Sonoco Products Company, Amcor Ltd, Smurfit Kappa, Mondi Group, Ace Paper Tube, Irwin Packaging Pty Ltd, Halaspack Bt, Quality Container Company, Nagel Paper, and Corex Group Tinpak.
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