Composite Paper Cans Market

Composite Paper Cans Market size reached USD 810 million in 2021 and is estimated to reach USD 1,206 million in 2029 and the market is estimated to grow at a CAGR of 5.1% from 2022-2029.

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Composite Paper Cans Market Key Drivers

A key factor driving the composite paper cans market is its high demand for packaging solutions that minimize the leakage and oxygen restraint properties and maintain taste and odours and maintains longer shelf life. For instance, composite paper cans are being used in ready to eat product such as frozen fruits, chips among others by food and beverage manufacturers.

Stringent government regulations are further supporting the market growth. For instance, the ban of usage of plastic packaging by different countries such as India has led to manufacturers and consumers switching to alternative forms of packaging. As a result, several companies such as Mondi, Dart Container Corporation among others are using composite paper cans in their products.

Restraint in the Composite Paper Cans Market

The paper industry wastepaper, paper mills, including kraft paper makers, and corrugated or packing box manufacturing sectors have been affected badly owing to Covid-19. This is due to shortage of supply and higher cost of raw material in the North America and European Market. Such factors have impacted the market growth. Furthermore, use of eco-friendly packaging types such as bamboo packaging also offer an alternative to the manufacturers. Such factors will further restrict market growth.

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Type – Segment Analysis

Based on the Type, the Spiral segment is expected to grow at a higher CAGR during the forecast period due to its unique features of long lasting and helps to maintain maximum shelf life. The spiral shape consists of several layers of different materials with an overlapping connection angle. Spiral wound body gives high output with low costs / high production speeds of up to 50 (tube) meters per minute. Several leading companies such as Sonoco and Mondi are offering different shapes and sizes of spiral composite cans. For instance, UK based manufacturer, Sonoco offers spiral composite cans across different industries such as food and beverages, pharmaceuticals among others.

Application – Segment Analysis

Based on the application, Food and beverage market segment are expected to grow at a higher CAGR during the forecast period. The increasing demand for eco-friendly packaging solutions within the food & beverage industry is increasing the demand for composite paper cans. In the fast dynamic lifestyle, people are looking forward to sustainable growth packaging. For instance, in the food and beverage industry, products such as snacks, coffee among others are being packaging using composite paper cans.

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Regional – Segment Analysis:

Based on region, North America is expected to grow at a higher CAGR during the forecast period due to higher adoption of composite paper cans among the food and beverage and pharmaceutical companies. Additionally, the trend and usage of sustainable and eco-friendly packaging along with stringent government regulations will further augment market growth. Some of the key players operating in the market include Mondi, Smurfit Kappa among others.

Top Market Players

Various notable players operating in the market, include Compocan Industries, Smurfit Kappa, Georgia-Pacific, International Paper, Huhtamaki, Mondi, Dart Container Corporation, Lenzing Accessories (Pvt) Ltd, Weidenhammer new packaging, Sonoco. 

Key Developments:

• • In 2021, Smurfit Kappa announced a new eCommerce packaging laboratory in the UK, extending its portfolio of industry-leading facilities. It will support retailers and producers to develop, test, and launch sustainable packaging solutions for E-commerce.

Segments covered in the Report:

The global Composite Paper Cans market has been segmented based on Type, Application, and key regions. Based on Type, the market is segmented into Spiral and Convolute. Based on Application, the market is segmented into Food, Pharmaceuticals, Consumer Good, Personal care Others. 

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Key questions answered in this research report:

• • At what pace is global Composite Paper Cans market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Composite Paper Cans market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Composite Paper Cans market?
  • Which Type generated maximum revenues in 2021 and identify the most promising Type during the forecast period?
  • What are the various Application areas of global Composite Paper Cans market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Composite Paper Cans Market by Type

• • Spiral
  • Convolute

Global Composite Paper Cans Market by Application

• • Pharmaceutical
  • Consumer good
  • Personal care
  • Other

Global Composite Paper Cans Market by Region

• • North America Composite Paper Cans Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe Composite Paper Cans Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Composite Paper Cans Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Composite Paper Cans Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Composite Paper Cans (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Compocan Industries
  • Smurfit Kappa
  • Georgia-Pacific
  • International Paper
  • Huhtamaki
  • Mondi
  • Dart Container Corporation
  • Lenzing Accessories (Pvt) Ltd
  • Weidenhammer new packaging
  • Sonoco