The global market for composite paper cans is poised for substantial growth, with a projected CAGR of 5.6% from 2023 to 2033, according to a recent report by FMI. This surge marks a significant increase compared to the 3.3% CAGR recorded from 2016 to 2022, underscoring the growing preference for eco-friendly packaging solutions among consumers worldwide.
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Key Highlights from the Composite Paper Cans Market Report:
- Emergence of Leading Markets: Germany has emerged as a key market for composite paper cans in Europe, with an estimated valuation of US$ 261.6 million in 2022. In North America, the United States is expected to account for 16.2% of total sales globally.
- Consumer Preference for Sustainable Packaging: The adoption of sustainable materials in composite paper cans, particularly in food and beverage packaging applications, has garnered significant traction. Composite paper provides enhanced durability and strength compared to traditional paper cans, attracting environment-conscious consumers.
- Leading Manufacturers: Major players in the composite paper cans market include Smurfit Kappa Group plc, Amcor plc, Mondi Group plc, Sonoco Products Company, and others. European manufacturers collectively dominate more than 38% of the market share.
Key Points Covered in the Composite Paper Cans Market Study:
- Market estimates and forecast from 2016 to 2033
- Analysis of key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- Recommendations on key winning strategies for market players
key players:
- Smurfit Kappa Group Plc
- Mondi Group Plc
- Amcor Plc
- Sonoco Products Company
- Ace Paper Tube Corp
- Irwin Packaging Pty Ltd
- Paper Tubes And Sales(PTS) Manufacturing
- Canfab Packaging Inc.
- Bharath Paper Conversions
- Nagel Paper
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Key Segments:
By Closure Type:
- Caps
- Snap On
- Plug
- Lids
- Aluminum Membrane
- Plastic Membrane
- Paperboard
By Production Type:
- Spiral Winding
- Convolute Winding
- Linear Draw
By Can Diameter:
- Less than 50 mm
- 50 mm to 100 mm
- Above 100 mm
By End-Use:
- Food and beverages
- Tea or Coffee
- Snacks
- Alcoholic Beverages
- Others
- Agriculture
- Household
- Personal & Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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