Composite Paper Cans Market is projected to reach USD 1,206 million in 2029 growing at a CAGR of 5.1% during 2022-2029 | Size, Share & Analysis

Composite Paper Cans Market was valued to be USD 810 million in 2021 and is estimated to reach USD 1,206 million in 2029, rising at a CAGR of 5.1% during 2022-2029

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The factors driving growth of Composite Paper Cans Market includes surge in the number of e-commerce and online orders, increasing demand for biodegradable packaging solutions, rising popularity of frozen food products, and on-the-go beverages and improvements in the living standards. Moreover, growing adoption of advanced technologies by manufacturers, increasing application of composite paper cans in personal care and cosmetic products and rise in the launch of innovative products, are some of the additional factors supplementing the market growth. In addition, the increasing investments by major corporations on research and development, strategic collaborations between key industry players, rapid urbanization, rising population growth rates and growing disposable incomes, are further contributing towards the market growth. 

However, growth of the Composite Paper Cans Market is hindered due to disruptions in the global supply chain.

The leading players operating in the market are Dart Container Corporation, Lenzing Accessories (Pvt) Ltd, Weidenhammer new packaging, Compocan Industries, Smurfit Kappa, Georgia-Pacific, Sonoco, International Paper, Huhtamaki, and Mondi, among others.

Based on Type, the Spiral segment is predicted to grow at a significant CAGR during the forecast period

Spiral based composite paper cans possess longer shelf life, contains multiple layers of different materials and incurs low production cost, are some of the features pushing Composite Paper Cans Market Growth. 

Based on Application, the Food and Beverage segment is projected to grow at a robust CAGR over the forecast period

Growing demand for environment friendly packaging solutions and rise in the launch of new products, are propelling segment's growth.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

Rising adoption of environment friendly packaging solutions, growing demand for frozen food products across United States and Canada, expansion of the e-commerce industry, rapid industrialization, increasing population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Development

In 2021, Smurfit Kappa opened a new eCommerce packaging laboratory in the UK, extending its portfolio of industry-leading facilities. It will support retailers and producers to develop, test, and launch sustainable packaging solutions for E-commerce.

Market Segmentation

Segmentation by Type

Spiral
Convolute

Segmentation by Application

Food and Beverage
Pharmaceutical
Consumer good
Personal care
Other

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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