>Global Composite Cans Market, By Product Type (Convolute Winding, Linear Draw Cans, Spiral Wound Cans), Can Diameter (Less than 50 mm, 50mm-100mm, 100mm and Above), Closure Type (Lids, Caps), Application (Agriculture, Consumer Goods, Food and Beverages, Industrial Goods, Personal Care and Cosmetics, Textiles and Apparels, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Composite Cans Market
The composite cans market size is expected to grow at a compound annual growth rate of 7.09% for the forecast period of 2021 to 2028. Data Bridge Market Research report on composite cans market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Composite can usually have a cylindrical fiber body constructed with layers of paper around it and by applying tin, metal, aluminum or paper at one or both ends. There are four main structures in the body of a composite can viz., aluminum inner web, label web, multiple intermediate webs and membrane.
The composite cans market is expected to rise in demand due to the rise in preference for composite cans among packaging industries across the world to improve content lifespan and product durability. Also, the composite cans are safe for environment and user friendly which is also projected to impact the growth of the composite cans in the forecast period of 2021 to 2028. The rise in utilization of composite cans for various applications across the globe and high impact strength property among food and beverages industries are also anticipated to flourish the demand of the composite cans market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the high demand for recycled products among population is also expected to push the growth of composite cans market in the above mentioned forecast period.
The major factor which actively drives the demand of composite cans market is the high demand for composite cans with chemical resistant, corrosion resistant and molded dimensional accuracy. Likewise, the rise in awareness about environmental benefits of composite cans and increase in awareness about composite materials among various sectors for product enhancements and transport will further offer various growth opportunities for the growth of composite cans market over the forecast period of 2021 to 2028.
However, the strict regulations coupled with use of composite cans in construction sector and regulatory bodies regarding usage of plastics are expected to impede the growth of the composite cans market in the above mentioned forecast period, whereas the change in customer desires for convenience packaging can challenge the growth of the composite cans market.
This composite cans market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the composite cans market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Composite Cans Market Scope and Market Size
The composite cans market is segmented on the basis of product type, can diameter, closure type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the composite cans market is segmented into convolute winding, linear draw cans and spiral wound cans.
- On the basis of can diameter, the composite cans market is segmented into less than 50 mm, 50mm-100mm and 100mm and above.
- Based on closure type, the composite cans market is segmented into lids and caps. Lids have further been segmented into aluminum membrane, plastic membrane and paperboard ends. Caps have further been segmented into snap on and plug.
- The application segment for composite cans market is segmented into agriculture, consumer goods, food and beverages, industrial goods, personal care and cosmetics, textiles and apparels and others.
Composite Cans Market Country Level Analysis
The composite cans market is analyzed and market size, volume information is provided by country, product type, can diameter, closure type and application as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the composite cans market because of the rise in environment pollution concerns among packaging industries in countries such as India, China and Japan. North America is expected to expand at a significant growth of the over the forecast of 2021 to 2028 due to increase in preference of composite materials in consumer goods packaging among food and beverage sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Composite Cans Market Share Analysis
The composite cans market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to composite cans market.
The major players covered in the composite cans market report are Quality Container Company, Amcor plc, Irwin Packaging, COREX Group, Smurfit Kappa, Ace Paper Tube, Kunert Gruppe, Nagel Paper, Sonoco Products Company, Mondi, CANFAB PACKAGING INC., Compocan Industries, Pioneer Packaging, Eco Canister, SAFEPACK INDUSTRIES LTD., K.U. Sodalamuthu & Co. (P) Ltd., PTS Manufacturing Co., TRISHUL CONTAINERS, SHIV POOJA METAL and Kuber Packaging among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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