Composite Cans Market Forecasts to 2028 – Global Analysis By Production Type (Spiral Winding, Convolute Winding, Linear Draw), Closure Type (Caps, Lids), Price Point (Economy, Medium, Premium) and By Geography
According to Stratistics MRC, the Global Composite Cans Market is accounted for $4,188.05 million in 2020 and is expected to reach $7,304.16 million by 2028 growing at a CAGR of 7.2% during the forecast period. Factors such as high demand for recycled products, growing food & beverages industry, and increasing demand for packaging are driving the growth of the market. However, issues associated with the design of the product are hampering the growth of the market.
Composite cans are containers that consist of two ends and a cylindrical body. These cans are strong and durable as compared to conventional paper cans. They are high heat resistant, chemical resistant, and corrosion resistant.
Based on the end user, the food & beverages segment is anticipated to expand at a rapid pace during the forecast period due to the increasing demand for packaged consumables and growing number of food deliveries. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the shift in consumer preferences towards convenience and aesthetic packaging.
Some of the key players profiled in the Composite Cans Market include Amcor Plc, Mondi Group, Sonoco Products Company, Smurfit Kappa, Ace Paper Tube, Bharath Paper Conversions, Quality Container Company, Irwin Packaging, Halaspack Bt., Pioneer Packaging, Inc., Marshall Paper Tube Company, Inc., Safepack Industries Ltd , Corex Group, Eco Canister, and Chicago Mailing Tube.
Production Types Covered:
• Spiral Winding
• Convolute Winding
• Linear Draw
Closure Types Covered:
Price Points Covered:
Can Diameters Covered:
• Less than 50 mm
• 100mm & Above
End Users Covered:
• Industrial Goods
• Food & Beverages
• Consumer Goods
• Personal Care & Cosmetics
• Textiles and Apparels
• Business to Business (B2B)
• Business to Customer (B2C)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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