Published by mark itwired
Posted on October 4, 2021
Composite paper cans are emerging as a preferred packaging solution as industries and consumers alike exhibit demand for sustainable alternatives to plastic. As per a study by Future Market Insights (FMI), the global composite paper cans market will exhibit a CAGR of 4.8% between 2021 and 2031.
Composite paper cans are made from paper fiber bodies with one or both ends made from metal or paper. Aluminum foil or plastic liners are provided inside the cans to minimize leakage. Therefore, these containers are primarily used in the beverage industry.
Increasing demand for environment friendly composite paper cans is encouraging key players to expand their production capacity. The demand for packaging solutions with longer shelf life and ease of use will rise in response to the growing popularity of take-away and on-the-go food items. As per FMI, food and beverage packaging will account for over half of composite paper cans sold through the forecast period.
In recent years, the growing concerns over environmental damage have pushed consumers and marketers towards green products and services. Increasing focus on reusable or recyclable products will pave the way for the growth of the market in the near future.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-13238
“Companies operating in the market are focusing on offering sustainable solutions. Some of them are experimenting with technologies to offer greater usability of composite paper cans,” says a FMI analyst.
There are several reasons as to why composite paper cans are far better as opposed to ordinary cans. These are durability, eco-friendly nature, and low cost. Also, composite materials have the highest strength to weight ratio.
Composite paper cans resist damage from harsh weather and chemicals, which is driving their application in the food, chemicals, cosmetics, and personal care industries.
Considering the challenging conditions of the COVID-19 pandemic, the returns from composite paper cans has declined substantially across the globe. Therefore, the Y-o-Y growth rate in the year 2020 dropped by nearly 1.6% as compared to 2019.
A moderate slump in the food & beverage and retail segments has been observed, owing to difficulties in maintaining supply chains. The demand for composite paper cans is expected to recover strongly owing to growth in sustainability and as consumers adapt to hygiene practices.
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.
Ask us your Any Queries About this Report:
https://www.futuremarketinsights.com/askus/rep-gb-13238
Future Market Insights, in its new report, offers an unbiased analysis of the global composite paper cans market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the composite paper cans market on the basis of closure type (caps (snap on and plugs) and lids (aluminum membrane, plastic membrane, and paperboard)), production type (spiral winding, convolute winding, and linear draw), can diameter (less than 50 mm, 50mm to 100 mm, and Above100 mm)), and end use (food & beverages (tea/coffee, snacks, alcoholic beverages and others), household, personal care & cosmetics, and others) across seven regions of the globe.
The post Composite Paper Cans Market 2021 Revenue, Opportunity, Forecast and Value Chain 2031 appeared first on Market Research Blog.
Composite paper cans are emerging as a preferred packaging solution as industries and consumers alike exhibit demand for sustainable alternatives to plastic. As per a study by Future Market Insights (FMI), the global composite paper cans market will exhibit a CAGR of 4.8% between 2021 and 2031.
Composite paper cans are made from paper fiber bodies with one or both ends made from metal or paper. Aluminum foil or plastic liners are provided inside the cans to minimize leakage. Therefore, these containers are primarily used in the beverage industry.
Increasing demand for environment friendly composite paper cans is encouraging key players to expand their production capacity. The demand for packaging solutions with longer shelf life and ease of use will rise in response to the growing popularity of take-away and on-the-go food items. As per FMI, food and beverage packaging will account for over half of composite paper cans sold through the forecast period.
In recent years, the growing concerns over environmental damage have pushed consumers and marketers towards green products and services. Increasing focus on reusable or recyclable products will pave the way for the growth of the market in the near future.
Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-13238
“Companies operating in the market are focusing on offering sustainable solutions. Some of them are experimenting with technologies to offer greater usability of composite paper cans,” says a FMI analyst.
There are several reasons as to why composite paper cans are far better as opposed to ordinary cans. These are durability, eco-friendly nature, and low cost. Also, composite materials have the highest strength to weight ratio.
Composite paper cans resist damage from harsh weather and chemicals, which is driving their application in the food, chemicals, cosmetics, and personal care industries.
Considering the challenging conditions of the COVID-19 pandemic, the returns from composite paper cans has declined substantially across the globe. Therefore, the Y-o-Y growth rate in the year 2020 dropped by nearly 1.6% as compared to 2019.
A moderate slump in the food & beverage and retail segments has been observed, owing to difficulties in maintaining supply chains. The demand for composite paper cans is expected to recover strongly owing to growth in sustainability and as consumers adapt to hygiene practices.
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.
Ask us your Any Queries About this Report:
https://www.futuremarketinsights.com/askus/rep-gb-13238
Future Market Insights, in its new report, offers an unbiased analysis of the global composite paper cans market, analyzing historical demand from 2016-2020 and forecast statistics for 2021-2031. The study reveals growth projections on the composite paper cans market on the basis of closure type (caps (snap on and plugs) and lids (aluminum membrane, plastic membrane, and paperboard)), production type (spiral winding, convolute winding, and linear draw), can diameter (less than 50 mm, 50mm to 100 mm, and Above100 mm)), and end use (food & beverages (tea/coffee, snacks, alcoholic beverages and others), household, personal care & cosmetics, and others) across seven regions of the globe.
The post Composite Paper Cans Market 2021 Revenue, Opportunity, Forecast and Value Chain 2031 appeared first on Market Research Blog.
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