Report Description

 

Forecast Period

2024-2028

Market Size (2022)

USD4.89 Billion

CAGR (2023-2028)

7.2%

Fastest Growing Segment

Lids

Largest Market

Asia Pacific

 

Market Overview

The Global Composite Cans Market has valued at USD4.89 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 7.2% through 2028. The global composite cans market is a dynamic and rapidly evolving sector within the packaging industry. Composite cans, which are cylindrical containers typically made from a combination of materials like paperboard, plastic, and metal, have gained substantial popularity due to their versatility, eco-friendliness, and adaptability across various industries. Increasing consumer demand for sustainable and eco-friendly packaging solutions has significantly boosted the adoption of composite cans. Their recyclability and use of renewable materials make them attractive in a world increasingly conscious of environmental concerns. Composite cans are designed to be user-friendly. They offer easy access, resealing options, and often have built-in dispensers, catering to modern consumers' need for convenience. Brand differentiation is crucial in today's competitive market. Composite cans allow for innovative designs, shapes, and branding, helping products stand out on store shelves and online platforms. Rapid urbanization, changing lifestyles, and a rise in on-the-go consumption have driven the demand for single-serving and portable packaging solutions like composite cans. With the growth of e-commerce, the need for packaging that can withstand shipping and handling has risen. Composite cans' durability and protective qualities make them well-suited for online retail.

Key Market Drivers

Sustainable Packaging Solutions

In an era marked by heightened environmental awareness, sustainable packaging solutions have gained immense importance. Composite cans are considered eco-friendly alternatives to traditional packaging materials like plastic and metal due to their recyclability and reduced environmental impact. The use of composite materials, often combining paperboard and barrier films, results in packaging that is lightweight, yet sturdy enough to protect contents during storage and transportation. As governments and consumers demand more sustainable practices, manufacturers and industries have increasingly turned to composite cans to align with green initiatives and reduce their carbon footprint.

Versatile Applications Across Industries

The versatility of composite cans has made them a preferred choice for packaging in various industries. From food and beverages to personal care and cosmetics, composite cans offer an adaptable solution for packaging diverse products. The food industry utilizes composite cans for dry goods, snacks, coffee, and even powdered items. In the cosmetics sector, they are used for items like powders, creams, and beauty products. Their rigid structure and protective properties make them suitable for both perishable and non-perishable goods. This versatility has expanded the potential customer base for composite cans, driving market growth across a range of sectors.

Consumer-Friendly Features

The convenience and consumer-friendly features of composite cans have contributed significantly to their rising demand. Composite cans often feature easy-open mechanisms, resealable lids, and ergonomic designs that enhance user experience. These features not only appeal to consumers' preferences for convenience but also contribute to the preservation of product freshness. In the food and beverage industry, composite cans provide airtight seals that extend the shelf life of contents. The aesthetic appeal of composite cans, with options for high-quality printing and labeling, makes them stand out on store shelves, attracting consumer attention and driving purchasing decisions.

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Key Market Challenges

Environmental Concerns and Sustainability

In an era where environmental consciousness is on the rise, the composite cans market faces significant challenges related to sustainability. As consumers become more environmentally aware, there is a growing demand for packaging solutions that are eco-friendly and reduce waste. Composite cans, while versatile and functional, often involve multiple layers of materials including paperboard, plastic, and metal, making recycling and decomposition more complex. The challenge lies in finding ways to optimize the design and manufacturing processes of composite cans to reduce their environmental impact. Companies in the industry need to invest in research and development to create more sustainable packaging options, explore bio-based materials, improve recyclability, and minimize the carbon footprint of production processes.

Competitive Pressure from Alternative Packaging Solutions

The composite cans market faces stiff competition from alternative packaging solutions such as flexible pouches, rigid plastic containers, and glass jars. These alternatives offer varying benefits, including lightweight design, enhanced visibility of the contents, and efficient space utilization. The challenge for the composite cans market is to differentiate itself and demonstrate unique advantages that make it a preferred choice for consumers and businesses. This requires ongoing innovation in terms of design, functionality, and customization. Manufacturers must invest in research to develop composite cans that offer improved barrier properties, extended shelf life, and innovative opening and resealing mechanisms to stay competitive.

Regulatory Compliance and Safety

The global composite cans market operates in a regulatory landscape that places stringent requirements on packaging materials, especially those intended for food and pharmaceutical applications. Ensuring that composite cans meet the necessary safety and hygiene standards is a significant challenge. Manufacturers must navigate regulations related to materials used, migration of substances, and labeling. This challenge becomes even more complex when considering international markets, each with its own set of regulations. Meeting compliance standards while maintaining cost-effectiveness is a delicate balance that requires investments in quality control, testing, and collaboration with regulatory authorities.

Key Market Trends

Innovative Designs and Functionalities

The composite cans market is experiencing a surge in innovative designs and functionalities to cater to changing consumer preferences. Brands are recognizing that packaging goes beyond protecting the product; it's also an opportunity to enhance the consumer experience and create differentiation in a competitive market. Composite cans are being designed with features such as resealable lids, easy-open mechanisms, and customized shapes to improve usability. Interactive packaging with QR codes or augmented reality elements is being integrated to engage consumers and provide additional product information. Personalization is also becoming prevalent, allowing brands to connect with consumers on a more emotional level by tailoring packaging designs to reflect their values and interests.

E-Commerce and Direct-to-Consumer (DTC) Channels

The rise of e-commerce and direct-to-consumer (DTC) channels has significantly impacted packaging requirements in the composite cans market. As more consumers opt for online shopping, packaging needs to ensure the safe transportation of products while also delivering an unboxing experience that matches the in-store one. Composite cans are being adapted to meet the demands of e-commerce, where they need to withstand potential rough handling during shipping. Packaging designs are being optimized to minimize wasted space and reduce the risk of damage during transit. Additionally, brands are recognizing the importance of a positive unboxing experience, with attention paid to aesthetics and protection to create a memorable moment for consumers.

Functional Features

Composite cans are being designed to offer functional features that enhance user experience. Re-closable lids, easy-to-open mechanisms, and built-in dispensers are being incorporated to make these cans more convenient for consumers to use and store their products.

Pharmaceutical and Personal Care Applications

Beyond the food and beverage sector, composite cans are finding applications in pharmaceuticals and personal care products. Their protective and moisture-resistant properties make them suitable for packaging items like medicines, cosmetics, and toiletries.

Segmental Insights

Closure Type Insights

Lid closure types play a pivotal role in shaping the global composite cans market. The choice of closure mechanism directly impacts the functionality, convenience, and overall appeal of composite cans across diverse industries. From airtight seals for food preservation to tamper-evident closures for pharmaceuticals, lid closure types determine the integrity and security of the packaged contents. Consumer preferences for easy opening and resealing options have driven innovation in lid closure designs. Re-closable lids enhance user experience, making composite cans more practical for products that require multiple uses. On the other hand, tamper-evident seals provide a sense of safety and authenticity, particularly for sensitive goods like pharmaceuticals and personal care items. The global market's emphasis on sustainability also extends to lid closure types. Eco-friendly materials and designs that minimize waste are sought after by environmentally-conscious consumers and manufacturers alike. As a result, composite can manufacturers are developing closure systems that align with sustainability goals, further influencing the market dynamics. Moreover, lid closure types contribute to branding and shelf appeal. Attractive and functional closures can set products apart in a crowded marketplace, driving consumer attention and purchasing decisions. Packaging aesthetics, including the design, and opening experience facilitated by lid closures, influence consumer perceptions and contribute to brand loyalty.

End User Insights

The Food & Beverage (F&B) sector plays a substantial and integral role in the global composite cans market. Composite cans offer versatile packaging options for a wide range of food and beverage products. From snacks, nuts, and confectionery items to powdered beverages and ready-to-eat meals, composite cans provide an effective and convenient packaging solution. Composite cans are designed to maintain the freshness and quality of food and beverage products. The durable construction and secure sealing of these cans help protect items from moisture, light, and air, thereby extending shelf life. The F&B industry places a high emphasis on packaging aesthetics. Composite cans allow for attractive branding, labeling, and graphics, enhancing product visibility and influencing consumer purchasing decisions. With changing consumer lifestyles and preferences, on-the-go consumption has become increasingly popular. Composite cans cater well to this trend by providing portable and easily resealable packaging for snacks and beverages. As sustainability concerns grow, F&B brands are seeking environmentally friendly packaging options. Composite cans, often made from recyclable materials, align with this preference and help F&B companies project a more eco-conscious image. Composite cans are designed for consumer convenience. They are easy to open, reseal, and carry, making them suitable for individual servings or portions.


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Regional Insights

The Asia Pacific region plays a significant and pivotal role in the global composite cans market. Its influence stems from a combination of factors, including the region's robust manufacturing capabilities, expanding consumer markets, and economic growth. As a manufacturing powerhouse, Asia Pacific caters to both domestic and international demand for composite cans, driving production and supply chain efficiency. The region's diverse consumer landscape, coupled with changing preferences towards sustainable and convenient packaging, has fueled the demand for composite cans across various industries. The food and beverage sector, in particular, benefits from the region's love for packaged snacks and on-the-go consumption, creating a substantial market for composite cans. Moreover, Asia Pacific's proactive adoption of e-commerce and the burgeoning middle-class population further elevate the demand for durable and protective packaging like composite cans. As urbanization and disposable incomes rise, consumers seek products that align with modern lifestyles, positioning composite cans as a compelling choice due to their visual appeal and functional features. Asia Pacific's integral role in the global composite cans market is underscored by its manufacturing prowess, evolving consumer preferences, and burgeoning markets. As the region continues to lead in economic growth and technological advancements, its contribution to the composite cans market is expected to remain significant and impactful.

Recent Developments

  • In 2022, Amcor Pie has announced a substantial investment of US$ 100 Million towards the development of innovative packaging solutions aligned with sustainability objectives. The company has actively participated in various government initiatives, including the Healthcare Plastics Recycling Council, wherein a focus is placed on the recyclability of packaging products used within the healthcare sector.
  • In 2021, EnvoPAP, in a bid to further reduce its environmental impact, has embarked on a research and development program aimed at manufacturing composite cans from agro-waste, thereby replacing conventional wood sources. This program is expected to augment production while maintaining a strong commitment to sustainability.
  • In 2020, Mondi Group PLC achieved a significant reduction of 37% in their plastic materials usage within their portfolio, resulting in a saving of approximately 35 tons of plastic. The company also boasts a sustainably managed forest, serving as the primary source of their raw materials. Leveraging their distinctive "EcoSolutions" approach to product design, they actively promote recycling initiatives.

Key Market Players

  • Ace Paper Tube
  • Bharath Paper Conversions
  • Canfab Packaging Inc.,
  • Compocan Industries
  • Corex Group
  • Halaspack Bt.
  • Heartland Products Group LLC
  • Kunert Gruppe
  • Marshall Paper Tube Company, Inc.
  • Mondi Group

By Closure Type

By Production

Type

By Can Diameter

By End User

By Region

  • Caps
  • Lids

Spiral Winding

  • Convolute Winding
  • Linear Draw   
  • Less than 50 mm
  • 50mm-100mm
  • Others    
  • Food & Beverage
  • Agriculture
  • Others    
  • North America
  • Europe
  • South America
  • Middle East & Africa
  • Asia Pacific

Report Scope:

In this report, the global composite cans market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Global Composite Cans Market, By Closure Type:

o   Caps

o   Lids  

  • Global Composite Cans Market, By Production Type:

o   Spiral Winding

o   Convolute Winding

o   Linear Draw   

  • Global Composite Cans Market, By Can Diameter:

o   Less than 50 mm

o   50mm-100mm

o   Others           

  • Global Composite Cans Market, By End User:

o   Food & Beverage

o   Agriculture

o   Others       

  • Global Composite Cans Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  China

§  India

§  Japan

§  South Korea

§  Australia

o   Europe

§  Germany

§  France

§  United Kingdom

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Saudi Arabia

§  UAE

§  South Africa

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the global composite cans market.

Available Customizations:

Global Composite Cans Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Composite Cans Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Global Composite Cans Market Outlook

4.1.  Market Size & Forecast

4.1.1.     By Value

4.2.  Market Share & Forecast

4.2.1.     By Closure Type Market Share Analysis (Caps and Lids)

4.2.2.     By Production Type Market Share Analysis (Spiral Winding, Convolute Winding, and Linear Draw)

4.2.3.     By Can Diameter Market Share Analysis (Less than 50 mm, 50mm-100mm, and Others)

4.2.4.     By End User Market Share Analysis (Food & Beverage, Agriculture, and Others)

4.2.5.     By Regional Market Share Analysis

4.2.5.1.         North America Market Share Analysis

4.2.5.2.         South America Market Share Analysis

4.2.5.3.         Middle East & Africa Market Share Analysis

4.2.5.4.         Europe Market Share Analysis

4.2.5.5.         Asia-Pacific Market Share Analysis

4.2.6.     By Top 5 Companies Market Share Analysis, Others (2022)

4.3.  Global Composite Cans Market Mapping & Opportunity Assessment

4.3.1.     By Closure Type Mapping & Opportunity Assessment

4.3.2.     By Production Type Mapping & Opportunity Assessment

4.3.3.     By Can Diameter Mapping & Opportunity Assessment

4.3.4.     By End User Mapping & Opportunity Assessment

4.3.5.     By Regional Market Mapping & Opportunity Assessment

5.    North America Composite Cans Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Closure Type Market Share Analysis

5.2.2.     By Production Type Market Share Analysis

5.2.3.     By Can Diameter Market Share Analysis

5.2.4.     By End User Market Share Analysis

5.2.5.     By Country Market Share Analysis

5.2.5.1.         United States Composite Cans Market Outlook

5.2.5.1.1.             Market Size & Forecast

5.2.5.1.1.1. By Value

5.2.5.1.2.             Market Share & Forecast

5.2.5.1.2.1. By Closure Type Market Share Analysis

5.2.5.1.2.2. By Production Type Market Share Analysis

5.2.5.1.2.3. By Can Diameter Market Share Analysis

5.2.5.1.2.4. By End User Market Share Analysis

5.2.5.2.         Canada Composite Cans Market Outlook

5.2.5.2.1.             Market Size & Forecast

5.2.5.2.1.1. By Value

5.2.5.2.2.             Market Share & Forecast

5.2.5.2.2.1. By Closure Type Market Share Analysis

5.2.5.2.2.2. By Production Type Market Share Analysis

5.2.5.2.2.3. By Can Diameter Market Share Analysis

5.2.5.2.2.4. By End User Market Share Analysis

5.2.5.3.         Mexico Composite Cans Market Outlook

5.2.5.3.1.             Market Size & Forecast

5.2.5.3.1.1. By Value

5.2.5.3.2.             Market Share & Forecast

5.2.5.3.2.1. By Closure Type Market Share Analysis

5.2.5.3.2.2. By Production Type Market Share Analysis

5.2.5.3.2.3. By Can Diameter Market Share Analysis

5.2.5.3.2.4. By End User Market Share Analysis

6.    Europe Composite Cans Market Outlook

6.1.  Market Size & Forecast          

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Closure Type Market Share Analysis

6.2.2.     By Production Type Market Share Analysis

6.2.3.     By Can Diameter Market Share Analysis

6.2.4.     By End User Market Share Analysis

6.2.5.     By Country Market Share Analysis

6.2.5.1.         France Composite Cans Market Outlook

6.2.5.1.1.             Market Size & Forecast

6.2.5.1.1.1. By Value

6.2.5.1.2.             Market Share & Forecast

6.2.5.1.2.1. By Closure Type Market Share Analysis

6.2.5.1.2.2. By Production Type Market Share Analysis

6.2.5.1.2.3. By Can Diameter Market Share Analysis

6.2.5.1.2.4. By End User Market Share Analysis

6.2.5.2.         Germany Composite Cans Market Outlook

6.2.5.2.1.             Market Size & Forecast

6.2.5.2.1.1. By Value

6.2.5.2.2.             Market Share & Forecast

6.2.5.2.2.1. By Closure Type Market Share Analysis

6.2.5.2.2.2. By Production Type Market Share Analysis

6.2.5.2.2.3. By Can Diameter Market Share Analysis

6.2.5.2.2.4. By End User Market Share Analysis

6.2.5.3.         Spain Composite Cans Market Outlook

6.2.5.3.1.             Market Size & Forecast

6.2.5.3.1.1. By Value

6.2.5.3.2.             Market Share & Forecast

6.2.5.3.2.1. By Closure Type Market Share Analysis

6.2.5.3.2.2. By Production Type Market Share Analysis

6.2.5.3.2.3. By Can Diameter Market Share Analysis

6.2.5.3.2.4. By End User Market Share Analysis

6.2.5.4.         Italy Composite Cans Market Outlook

6.2.5.4.1.             Market Size & Forecast

6.2.5.4.1.1. By Value

6.2.5.4.2.             Market Share & Forecast

6.2.5.4.2.1. By Closure Type Market Share Analysis

6.2.5.4.2.2. By Production Type Market Share Analysis

6.2.5.4.2.3. By Can Diameter Market Share Analysis

6.2.5.4.2.4. By End User Market Share Analysis

6.2.5.5.         United Kingdom Composite Cans Market Outlook

6.2.5.5.1.             Market Size & Forecast

6.2.5.5.1.1. By Value

6.2.5.5.2.             Market Share & Forecast

6.2.5.5.2.1. By Closure Type Market Share Analysis

6.2.5.5.2.2. By Production Type Market Share Analysis

6.2.5.5.2.3. By Can Diameter Market Share Analysis

6.2.5.5.2.4. By End User Market Share Analysis

7.    Asia-Pacific Composite Cans Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Closure Type Market Share Analysis

7.2.2.     By Production Type Market Share Analysis

7.2.3.     By Can Diameter Market Share Analysis

7.2.4.     By End User Market Share Analysis

7.2.5.     By Country Market Share Analysis

7.2.5.1.         China Composite Cans Market Outlook

7.2.5.1.1.             Market Size & Forecast

7.2.5.1.1.1. By Value

7.2.5.1.2.             Market Share & Forecast

7.2.5.1.2.1. By Closure Type Market Share Analysis

7.2.5.1.2.2. By Production Type Market Share Analysis

7.2.5.1.2.3. By Can Diameter Market Share Analysis

7.2.5.1.2.4. By End User Market Share Analysis

7.2.5.2.         Japan Composite Cans Market Outlook

7.2.5.2.1.             Market Size & Forecast

7.2.5.2.1.1. By Value

7.2.5.2.2.             Market Share & Forecast

7.2.5.2.2.1. By Closure Type Market Share Analysis

7.2.5.2.2.2. By Production Type Market Share Analysis

7.2.5.2.2.3. By Can Diameter Market Share Analysis

7.2.5.2.2.4. By End User Market Share Analysis

7.2.5.3.         India Composite Cans Market Outlook

7.2.5.3.1.             Market Size & Forecast

7.2.5.3.1.1. By Value

7.2.5.3.2.             Market Share & Forecast

7.2.5.3.2.1. By Closure Type Market Share Analysis

7.2.5.3.2.2. By Production Type Market Share Analysis

7.2.5.3.2.3. By Can Diameter Market Share Analysis

7.2.5.3.2.4. By End User Market Share Analysis

7.2.5.4.         Australia Composite Cans Market Outlook

7.2.5.4.1.             Market Size & Forecast

7.2.5.4.1.1. By Value

7.2.5.4.2.             Market Share & Forecast

7.2.5.4.2.1. By Closure Type Market Share Analysis

7.2.5.4.2.2. By Production Type Market Share Analysis

7.2.5.4.2.3. By Can Diameter Market Share Analysis

7.2.5.4.2.4. By End User Market Share Analysis

7.2.5.5.         South Korea Composite Cans Market Outlook

7.2.5.5.1.             Market Size & Forecast

7.2.5.5.1.1. By Value

7.2.5.5.2.             Market Share & Forecast

7.2.5.5.2.1. By Closure Type Market Share Analysis

7.2.5.5.2.2. By Production Type Market Share Analysis

7.2.5.5.2.3. By Can Diameter Market Share Analysis

7.2.5.5.2.4. By End User Market Share Analysis

8.    Middle East & Africa Composite Cans Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Closure Type Market Share Analysis

8.2.2.     By Production Type Market Share Analysis

8.2.3.     By Can Diameter Market Share Analysis

8.2.4.     By End User Market Share Analysis

8.2.5.     By Country Market Share Analysis

8.2.5.1.         South Africa Composite Cans Market Outlook

8.2.5.1.1.             Market Size & Forecast

8.2.5.1.1.1. By Value

8.2.5.1.2.             Market Share & Forecast

8.2.5.1.2.1. By Closure Type Market Share Analysis

8.2.5.1.2.2. By Production Type Market Share Analysis

8.2.5.1.2.3. By Can Diameter Market Share Analysis

8.2.5.1.2.4. By End User Market Share Analysis

8.2.5.2.         Saudi Arabia Composite Cans Market Outlook

8.2.5.2.1.             Market Size & Forecast

8.2.5.2.1.1. By Value

8.2.5.2.2.             Market Share & Forecast

8.2.5.2.2.1. By Closure Type Market Share Analysis

8.2.5.2.2.2. By Production Type Market Share Analysis

8.2.5.2.2.3. By Can Diameter Market Share Analysis

8.2.5.2.2.4. By End User Market Share Analysis

8.2.5.3.         UAE Composite Cans Market Outlook

8.2.5.3.1.             Market Size & Forecast

8.2.5.3.1.1. By Value

8.2.5.3.2.             Market Share & Forecast

8.2.5.3.2.1. By Closure Type Market Share Analysis

8.2.5.3.2.2. By Production Type Market Share Analysis

8.2.5.3.2.3. By Can Diameter Market Share Analysis

8.2.5.3.2.4. By End User Market Share Analysis

9.    South America Composite Cans Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Closure Type Market Share Analysis

9.2.2.     By Production Type Market Share Analysis

9.2.3.     By Can Diameter Market Share Analysis

9.2.4.     By End User Market Share Analysis

9.2.5.     By Country Market Share Analysis

9.2.5.1.         Argentina Composite Cans Market Outlook

9.2.5.1.1.             Market Size & Forecast

9.2.5.1.1.1. By Value

9.2.5.1.2.             Market Share & Forecast

9.2.5.1.2.1. By Closure Type Market Share Analysis

9.2.5.1.2.2. By Production Type Market Share Analysis

9.2.5.1.2.3. By Can Diameter Market Share Analysis

9.2.5.1.2.4. By End User Market Share Analysis

9.2.5.2.         Colombia Composite Cans Market Outlook

9.2.5.2.1.             Market Size & Forecast

9.2.5.2.1.1. By Value

9.2.5.2.2.             Market Share & Forecast

9.2.5.2.2.1. By Closure Type Market Share Analysis

9.2.5.2.2.2. By Production Type Market Share Analysis

9.2.5.2.2.3. By Can Diameter Market Share Analysis

9.2.5.2.2.4. By End User Market Share Analysis

9.2.5.3.         Brazil Composite Cans Market Outlook

9.2.5.3.1.             Market Size & Forecast

9.2.5.3.1.1. By Value

9.2.5.3.2.             Market Share & Forecast

9.2.5.3.2.1. By Closure Type Market Share Analysis

9.2.5.3.2.2. By Production Type Market Share Analysis

9.2.5.3.2.3. By Can Diameter Market Share Analysis

9.2.5.3.2.4. By End User Market Share Analysis

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Impact of COVID-19 on Global Composite Cans Market

11.1.              Impact Assessment Model       

11.1.1.  Key Segments Impacted

11.1.2.  Key Regions Impacted

11.1.3.  Key Countries Impacted

12.  Market Trends & Developments

13.  Porter’s Five Forces Model

13.1.              Competitive Rivalry

13.2.              Bargaining Power of Buyers

13.3.              Bargaining Power of Suppliers

13.4.              Threat of New Entrants

13.5.              Threat of Substitutes

14.  SWOT Analysis

14.1.              Strengths

14.2.              Weaknesses

14.3.              Opportunities

14.4.              Threats

15.  Competitive Landscape

15.1.              Company Profiles

15.1.1.  Ace Paper Tube

15.1.1.1.      Company Details

15.1.1.2.      Products

15.1.1.3.      Financials (As Per Availability)

15.1.1.4.      Key Market Focus & Geographical Presence

15.1.1.5.      Recent Developments

15.1.1.6.      Key Management Personnel

15.1.2.  Bharath Paper Conversions     

15.1.2.1.      Company Details

15.1.2.2.      Products

15.1.2.3.      Financials (As Per Availability)

15.1.2.4.      Key Market Focus & Geographical Presence

15.1.2.5.      Recent Developments

15.1.2.6.      Key Management Personnel

15.1.3.  Canfab Packaging Inc.      

15.1.3.1.      Company Details

15.1.3.2.      Products

15.1.3.3.      Financials (As Per Availability)

15.1.3.4.      Key Market Focus & Geographical Presence

15.1.3.5.      Recent Developments

15.1.3.6.      Key Management Personnel

15.1.4.  Compocan Industries    

15.1.4.1.      Company Details

15.1.4.2.      Products

15.1.4.3.      Financials (As Per Availability)

15.1.4.4.      Key Market Focus & Geographical Presence

15.1.4.5.      Recent Developments

15.1.4.6.      Key Management Personnel

15.1.5.  Corex Group     

15.1.5.1.      Company Details

15.1.5.2.      Products

15.1.5.3.      Financials (As Per Availability)

15.1.5.4.      Key Market Focus & Geographical Presence

15.1.5.5.      Recent Developments

15.1.5.6.      Key Management Personnel

15.1.6.  Halaspack Bt.  

15.1.6.1.      Company Details

15.1.6.2.      Products

15.1.6.3.      Financials (As Per Availability)

15.1.6.4.      Key Market Focus & Geographical Presence

15.1.6.5.      Recent Developments

15.1.6.6.      Key Management Personnel

15.1.7.  Heartland Products Group LLC      

15.1.7.1.      Company Details

15.1.7.2.      Products

15.1.7.3.      Financials (As Per Availability)

15.1.7.4.      Key Market Focus & Geographical Presence

15.1.7.5.      Recent Developments

15.1.7.6.      Key Management Personnel

15.1.8.  Kunert Gruppe

15.1.8.1.      Company Details

15.1.8.2.      Products

15.1.8.3.      Financials (As Per Availability)

15.1.8.4.      Key Market Focus & Geographical Presence

15.1.8.5.      Recent Developments

15.1.8.6.      Key Management Personnel

15.1.9.  Marshall Paper Tube Company, Inc.

15.1.9.1.      Company Details

15.1.9.2.      Products

15.1.9.3.      Financials (As Per Availability)

15.1.9.4.      Key Market Focus & Geographical Presence

15.1.9.5.      Recent Developments

15.1.9.6.      Key Management Personnel

15.1.10.                Mondi Group

15.1.10.1.    Company Details

15.1.10.2.    Products

15.1.10.3.    Financials (As Per Availability)

15.1.10.4.    Key Market Focus & Geographical Presence

15.1.10.5.    Recent Developments

15.1.10.6.    Key Management Personnel

16.  Strategic Recommendations/Action Plan

16.1.              Key Focus Areas

16.2.              Target Closure Type

16.3.              Target End User

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the global composite cans market is estimated to be USD4.89 billion in 2022.

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The growth of the global composite cans market is driven by rising demand for sustainable packaging solutions, increased consumer focus on convenience, and the expanding trend of on-the-go consumption across various industries.

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Trends in the global composite cans market include a strong shift toward sustainable packaging solutions, innovative designs for enhanced branding, and a growing demand driven by the rise of e-commerce and on-the-go consumption.

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The global composite cans market faces challenges such as increasing competition from alternative packaging solutions and addressing the balance between cost-effective production and environmentally sustainable materials.

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Parvati Sharma

Account Manager BD
Press Release

Global Composite Cans Market is Fueled by Lids Segment During the Forecast Period

Sep, 2023

The global composite cans market is experiencing growth due to the factors such as increasing demand for sustainable and versatile packaging solutions across various industries.