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Composite Cans Market Growth Expected to Dominate Worldwide by 2027

Composite Cans Market Growth Expected to Dominate Worldwide

Composite Cans Market: Introduction:

Paper packaging accounts for more than 400 million metric tons of production, of which composite cans hold a significant share of paper packaging. Composite cans are cylindrical shape containers which have a body made of several layers of metal and paper. Traditionally, plastic and metal cans were used to store food, medicine, and cosmetic items, but with the invention of composite cans it ensured cost effective packaging and also have less impact on the environment by substituting plastic pouches and plastic cans. The growth of food and beverage, pharmaceutical, personal care and healthcare have fueled up the demand for composite cans packaging market, of which food industry account a significant share of application in composite cans market.

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Composite cans are characterized to render barrier properties against oxygen, water vapors, light and odor which enhances the self-life of the product application. Moreover, manufacturers are preferring the paper form of composite cans packaging as it provides efficiency, cost effectiveness and has less backlash to the environment. One of the unique selling point of composite packaging as compared to other plastic and metal cans is that it has reduced weight and at the same time increased its durability and versatility of packaging. Region wise composite cans are predominantly sold in North America and Asia-Pacific market, as Asia Pacific market are projected to witness a steady growth over the projected period.

Composite Cans Market - Market Dynamics:

Manufacturers of composite cans are adopting a distinctive strategy such as graphical design labels, aiding to appeal mass target audience. Along with this, technological product development is helping producers to enhance the product design by an easy peel off tops that acts as eye-catching in retail outlets. In regions of Asia pacific and the Middle-East a surging growth in organized retail outlets such as hypermarkets, supermarket has helped to boost the demand for composite cans containers. In addition, producers are propelled to increase the production capacity as manufacturing of composite cans comparatively uses less energy and lessen the impact on greenhouse gasses. On the flip side, paper and paperboard packaging have restricted the application use of food storage, as paper storage lessen the life of food products as compared to metal packaging.

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Composite Cans Market - Market Segmentation:

Global composite cans Market is segmented on the basis material type, product type, applications type and end use type. On the basis of material type global composite cans market is segmented into aluminum, paper and paperboard. On the basis of product type, the global composite cans Market is segmented into spiral wound cans and linear drum cans. On the basis of application type global composite cans market is segmented into chemical powder, confectionary, custard power, tea, baking soda, etc. On the basis of end use, the global composite cans market is segmented into cosmetic, pharmaceutical, personal care, food and beverages, chemicals, etc.

Composite Cans Market - Regional Outlook:

North America
Latin America
Eastern Europe
Western Europe
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan

In term of production, the global composite cans market highly fragmented across regions of Asia Pacific excluding Japan, North America and Europe. With countries of Asia Pacific and North America accounting a significant percentage of market share in global composite cans markets. A high CAGR in food and beverages industries in Asia pacific market are expected to boost the growth of composite cans over the forecast period.

Global Composite Cans Market – Key Players:

Some of the key players operating in the global composite cans market include Amcor Limited, Ace Paper Tube Corporation, Valk Industries Inc., Marshall Papertube Company, Inc. Western Container Corp., Chicago Mailing Tube Co., Heartland Product Group LLC., Pakea NSC Groupe Packaging, Bharath Paper Conversion, V.M. Industries, Sota Packaging, Universal Packaging corporation, Irwin Packaging Pty Ltd. Sodaltech.

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