Press release
Composite Cans Market Set for Major Growth (2024-2031) | Sonoco Products Company, Canfab Packaging Inc., Amcor Ltd
Composite Cans Market || 2024-2031
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What is the projected growth rate (CAGR) of the Global Composite Cans market from 2024 to 2031, and what is the market value expected to change by 2031?
The Global Composite Cans Market Expected to reach a high CAGR By 2031
Composite cans are cylindrical containers made from multiple layers of materials, typically combining paperboard, metal, and plastic. They are designed to offer superior strength, durability, and protection for a variety of products, such as food, beverages, and personal care items. The composite structure provides excellent barrier properties against moisture, light, and oxygen, extending the shelf life of the contents while also being lightweight and easy to transport. Composite cans are increasingly popular for their recyclability and sustainability.
Key Developments:
❁ In November 2022, Sonoco acquired Amcor Packaging's operations in Australia, which produce composite cans, though the financial details were not disclosed. The acquisition includes two plants in Sydney and Melbourne that primarily serve the cleanser, food, and spice sectors. In the 1999/2000 fiscal year, these plants generated approximately A$13 million (US$7.8 million) in sales. Sonoco aims to strengthen its presence in the Asia-Pacific market for composite cans, highlighting its commitment to this growing sector.
List of the Key Players in the Composite Cans Market:
Sonoco Products Company, Canfab Packaging Inc., Amcor Ltd., Smurfit Group, Mondi Group, Huhtamaki, Irwin Packaging Pty Ltd, Paper Tubes And Sales(PTS) Manufacturing, Bharath Paper Conversions and Corex Group Tinpak.
Research Process:
Both primary and secondary data sources have been used in the global Composite Cans Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
Segment Covered in the Composite Cans Market:
By Closure: Caps, Lids
By Production: Spiral Winding, Convolute Winding, Linear Draw
By End-User: Food & Beverages (Tea/Coffee, Snacks, Liquor Bottle Packaging, Others), Agriculture (Flower Seeds, Grass Seeds, Insecticides, Others), Textiles and Apparels, Personal Care & Cosmetics (Perfume Bottles, Talcum Powders, Soaps, Others), Industrial Goods, Others
Regional Breakout:
The global Composite Cans Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.
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Regional Analysis:
The global Composite Cans Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Composite Cans Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.
**The full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted**
Chapter Outline:
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: key insights, key emerging trends, etc.
Chapter 3: Manufacturers competitive analysis, detailed analysis of New Zealand Food Testing and Certification manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 5 & 6: Revenue of New Zealand Food Testing and Certification in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 7: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 8: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: The main points and conclusions of the report.
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Frequently Asked Questions
What is the expected growth rate of the global market for the forecast period?
What are the key driving factors that are responsible to shape the fate of the Composite Cans market during the forecast period?
What will be the overall size of the market during the analysis period?
What are the prominent market trends which influence the development of the Composite Cans market across various regions?
Who are the key market players and the market strategies that have helped them to secure the leading position in the global market?
What are the challenges and threats that are likely to act as a barrier to the growth of the Composite Cans market?
What are the major opportunities that the companies can get to attain success in the world?
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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