As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global PROMOTION BINS market is expected to grow at a healthy CAGR during the forecast period (2018-2028). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales of Paper Canisters Market in the coming 10 years.
The report conducts an in-depth analysis of factors causing the change in consumer behavior and purchasing patterns. It also provides refined sales projections to assist market players in identifying remunerative segments.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for Paper Canisters
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Paper Canisters market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
Key Paper Canisters Market Takeaways and Projections
- The U.S. is expected to lead the North America Paper Canisters market, projecting the fastest growth in the region between 2018 and 2028
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2028.
Report Benefits & Key Questions Answered
- Paper Canisters Historical Market Analysis: The detailed survey by FMI, examines key factors in the Paper Canisters market that affected the growth in the market for the last assessment period 2016-2020 and also studies their consequent impact. It also provide refined the sales projection of the Paper Canisters market for the forecast period 2018-2028.
- Paper Canisters Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for Paper Canisters for the assessment period. As per the study, the demand for Paper Canisters will grow at a robust CAGR between 2018 and 2028.
- Paper Canisters Market Trend Analysis: The latest study by FMI on the Paper Canisters market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Paper canisters have been adopted by various food & beverage manufacturers for their high end products and branding & promotions. Paper canisters find useful applications in industries including consumer goods, food & beverages, personal care & cosmetics, and various others.
Paper Canisters Market: Dynamics
The factor which is facilitating the growth of the global paper canisters market is that it is cost-effective and are manufactured in a variety of shapes including spiral, round and convoluted in a wide range of dimensions. The rising demand from manufacturers for striking and remarkable branding is one of the key driving factor for the growth of paper canisters market.
Excellent recyclability of paper canisters is expected to catalyze the growth in near future. Paper canisters provide complete protection against moisture and humidity. Paper canisters are space efficient, though they are suitable for storing wires and other such products which require more storage space.
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These factors are expected to drive the growth of the global paper canisters market during the forecast period. Paper canisters hold an edge over cardboard boxes of the same capacity as paper canisters consume less material for their manufacturing. Also, paper canisters are tough to crush, durable, and robust which put them ahead as a packaging solution for logistics and shipping.
These factors are expected to catalyze the growth of the global paper canisters market during the forecast period. The factor which might hamper the growth of paper canisters market is the use of plastic tubes. Overall, the global paper canisters market is expected to witness a positive outlook during the forecast period.
North America is expected to lead the global paper canisters market. It is attributed to high disposable income in the region. The similar trend is followed by Western Europe, where the people have high standards of living. Latin America is expected to witness average growth in the global paper canisters market.
Countries in APEJ including India and China are expected to witness more than average growth in the paper canisters market due to growing retail sector.
Paper Canisters Market: Key Players
Few of the leading players operating in the global Paper Canisters market are –
- Multi Packaging Solutions
- Yazoo Mills Inc.
- Ace Paper Tube Corp.
- Sonoco Products Company
- Pacific Paper Tube
- RIDGID Paper Tube Corporation
- CBT Packaging
- Chicago Mailing Tube Co.
- Heartland Products Group, LLC
- Darpac P/L
- Valk Industries, Inc.
- Cactus Corrugated Containers Inc.
- Visican Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
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Paper Canisters Market: Segmentation
Globally, the paper canisters market has been segmented on the basis of material type, inside diameter, and end use region:
On the basis of material type, the global paper canisters market has been segmented as:
- Paperboard
- Cardboard
- Kraft Paper
- Fiberboard
On the basis of inside diameter, the global paper canisters market has been segmented as:
- Below 1.5”
- 5” – 3”
- 3” – 4.5”
- 5” & above
On the basis of end use, the global Paper Canisters market has been segmented as:
- Food & beverage
- Bakery & confectionary
- Automotive
- Shipping & postal services
- Industrial goods
- Others
On the basis of region, the global Paper Canisters market is segmented as –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
- Japan
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