Sarasota, FL -- (SBWire) -- 04/09/2019 --Global Composite Cans Market: Overview
Composite cans are cylindrical paper tube that usually has a body made of several layers of Kraft paper wounded by spiral, convolute, and linear draw winding methods.
These products are easy to run on standard membrane sealing machines and seamers. Composite cans offer a simplified supply chain. Due to the light weight of composite cans they are easy to package and transport and saves shipping costs.
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Global Composite Cans Market: Growth Factors
Composite cans find plethora of applications in packaging of daily household products such as coffee whiteners, bread crumbs, diet drinks, hot chocolate mixes, nuts, cakes, spices, tea, cleaning gels, and baking sodas. Composite Cans are highly popular as a result of its cost-effectiveness, environmental safety, durability, versatility, and user friendliness. Child-resistant and tamper evident dispenser tops are available for product safety in composite cans, thereby further succoring the growth graph of the composite cans market reach scalable heights.
These products are used to package dry beverages such as powdered drinks, tea, and coffee. Composite cans are suitable for ambient and cold fill. Beneficial product characteristics include excellent interlaminate bond strength, high heat resistance, high splitting resistance of cardboard base, and extended shelf-life due to aluminum barrier and great barrier against gas. This, in turn, is projected to further steer the growth of composite cans market over the years ahead.
Global Composite Cans Market: Segmentation
The global composite cans market can be classified based on closure type, production type, can diameter, and end use. On the basis of closure type, the market is segmented into caps and lids. Based on the production type, the composite cans market can be sectored into spiral winding, convolute winding, and linear draw. On the basis of can diameter, the market is classified into less than 50 mm, 50 mm - 100 mm, and 100 mm & above. End-use wise, the composite cans market is sectored into food & beverage, agriculture, textiles and apparels, personal care & cosmetics, consumer goods, and industrial goods.
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Global Composite Cans Market: Regional Analysis
Based on regions, the global composite cans market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Asia Pacific is likely to register lucrative growth in the composite cans market during the forecast period. Economic growth, advanced technology, and environment awareness will further prompt the growth of composite cans market in the Asia Pacific Region. Flourishing food and beverage sector will help the market gain traction in the region within the next few years. Additionally, the product is likely to find a spectrum of applications in pharmaceutical, consumer goods, and healthcare sectors. Furthermore, shift in consumer trend towards convenience and aesthetic packaging will further proliferate the market demand in the region.
North America and Europe markets have huge growth potential and are likely to contribute enormously towards the market earnings in the upcoming years.
Global Composite Cans Market: Competitive Players
Some of key players in composite cans market are Sonoco Products Company, Amcor Ltd, Smurfit Kappa, Mondi Group, Ace Paper Tube, Irwin Packaging Pty Ltd, Halaspack Bt, Quality Container Company, Nagel Paper, and Corex Group Tinpak.
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Global Composite Cans Market: Regional Segment Analysis
North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
Composite Cans Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026