Albany, NY -- (SBWire) -- 11/19/2018 --The global market for composite cans is likely to see a significant rise during the forecast period, 2018 – 2026 owing to stellar rise in packaging industry throughout the world. Aggressive growth of food and beverages industry because of incessant rise in population throughout the world has made a positive impact on the growth of global composite cans market, notices ResearchMoz.us in a report titled, "Composite Cans Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026". The report analyzes market share, market status, future trends, opportunities and challenges, sales channels, Porter's Five Forces Analysis, and sales channels distributors. The report provides various market drivers depending on segments which are likely to push market. The report offers company profiles of major players in the market.
Composite cans are likely to replace metal cans, this has attracted numerous customers, as metal cans are sharp and can be dangerous for small kids. Composite cans are mostly used for packing grocery store shelves. Availability of wide range of composite cans on the basis of size has helped consumers to meet their demands.
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Easy steps to open composite cans helps various companies to use different packaging styles, which are likely to make them stand out in a retail store. Composites cans are lighter in comparison to metals cans and promises to keep food's freshness intact. These have fueled the demand of composite cans. Barrier protection of aluminum are mostly used in composite cans in order to lock the aroma and freshness, thus allowing consumers to enjoy fresh meals even after long hours. Apart from these, rising prices of metals and imposition of various tariffs on them are likely to favor the growth of composite cans.
Incessant rise in cosmetics and alcohol sectors has boosted the sales of composite cans. Composite cans are extensively used for packing perfumes and deodorants. Rising consumption of alcohol owing to change in lifestyle and preference for western culture have stoked the market growth at stupendous rate. The market can be classified on the basis of end use applications, production type, can diameter, closure type, and region.
The report covers composite cans market on the basis of Latin America, Middle East and Africa, Asia Pacific, Europe, and North America. Of these, Asia Pacific region is expected to provide a lucrative growth opportunity to the market due to already established packaging market in the region. Surge in food and beverages industry due to major contribution from China and India are likely to help the market. Advanced technology, environment awareness, economic development have assisted the region to outrun others. These factors have attracted various investors in the market. Some of the major players in the market are Mondi, Smurfit Kappa, Amcor, Sonoco, and DS Smith.
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Aggressive Food and Beverages Industry Bolsters Growth of Global Composite Cans Market