Projected to experience a robust growth trajectory, the global composite paper cans market is anticipated to achieve a CAGR of 5.6% between 2023 and 2033, a notable increase compared to the 3.3% CAGR recorded from 2016 to 2022. By the conclusion of the forecast period, the market is estimated to reach a substantial valuation of US$ 1,539 million, underscoring the sustained momentum and expanding opportunities within the composite paper cans industry.
While the supply chain disruptions initially impacted production, the gradual recovery of the packaging industry is being fueled by the increasing trend of e-commerce and online sales. Notably, the surge in online orders for food and beverages has played a crucial role in sustaining the demand for composite paper cans.
In 2022, Europe played a pivotal role, contributing to more than a third of the global demand for composite paper cans, with Germany projected to hold a 15% share of the European market by 2033. A significant factor fostering growth in the country is the robust presence of key players in the European market, enabling cost-effective domestic sales. The strategic positioning of major market players and the ready availability of raw materials further contribute to the market’s expansion in Germany.
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Who is Winning?
The tier 3 players in the market hold 70-80% of the global composite paper cans market. Expansion of production capacities and investments into product development are key strategies holding the attention of manufacturers.
- Smurfit Kappa Group plc,
- Amcor plc,
- Mondi Group plc,
- Sonoco products company,
- Ace paper tube,
- Irwin packaging,
- PTS manufacturing,
- Canfab packaging and
- among others
are the prominent players in the global composite paper cans market.
Competitive Landscape
Key players in the composite paper cans market are focusing on the production of sustainable solutions to keep pace with changing consumer preferences and minimize the usage of plastic. For instance:
- Mondi Group PLC used 37% less plastic materials in their portfolio, saving around 35 tons of plastic in 2020. The company also has its own sustainably managed forest, which is the main source of raw materials. The company leveraged its unique “EcoSolutions” for product designs to encourage recycling.
- Amcor plc announced an investment of US$ 100Million for the development of new packaging solutions for sustainability objectives. The company has joined various government initiatives, such as the Healthcare Plastics Recycling Council, where sustainable products used in the healthcare segment focus on the recyclability of packaging products.
- EnvoPAP announced a research and development program to develop composite cans from agro-waste instead of conventional wood sources required for paper could increase production, to further reduce environmental impact.
Key Takeaways from Composite Paper Cans Market Study
- Cap closures account for over 61% value share in the global market owing to easy handling and lower risk of wastage.
- Spiral winding production is gaining traction as it offers high tensile strength in composite paper cans. This segment is estimated to hold 49.9% of the market by the end of 2031.
- China will emerge as a leading market registering a CAGR of 8.8% during 2021 -2031. The demand for composite paper cans will rise due to higher sales of take-away food and beverages.
- The U.S. accounts for over 63% of North America, due to the presence of key players and rising acceptance of new, lightweight, and cost-effective liquid packaging solutions.
- Expansion of the food sector will support growth in Germany, which is expected to account for nearly 15% of sales recorded in Europe by 2031.
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Key Segments of Composite Paper Cans Market
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
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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