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Allied Market Research

Composite Cans Market by Product Type (Containers, Caps, & Lids), Price Point (Premium, Medium, and Economy), Application (Food & Beverage Packaging, Consumer Goods, Industrial Goods, Textiles and Apparels, Agriculture Industries, Personal Care, and Cosmetics), and Distribution Channel (B2B, B2C, and E-commerce): Global Opportunity Analysis and Industry Forecast, (2021-2030)

A12045
Pages: NA
Sep 2021 | 115 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Composite cans are containers that consist of two ends and a cylindrical body, lid is made up of paper, boards, and kraft papers, whereas two ends or caps are made up of aluminium, metals, & plastic. These composite cans are strong and durable as compared to conventional paper cans. They are high heat resistant, chemical resistant, and corrosion resistant. These are the significant factors responsible for the growth of composite cans in packaging industries. Composite cans are cost-effective & versatile in nature. Many types of composite cans are available in the market, which include peel able foil end containers, easy open-end containers, and deep lid cans. These cans are safe and environmentally friendly. In addition, tamper evident are offered on top of composite cans to make these products child-resistant and to enhance product safety of cans.

Market Scope and Structure Analysis          

Report Metric

Details

  Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Segment Covered

Products Type, Price Point, Application Distribution Channel, and Region 

  Companies Covered

Smurfit Kappa Group Plc., Macherey-Nagel Gmbh & Co., Pioneer Packaging, Inc. Amcor ltd., Irwin Packaging Pty ltd., and Mondi Group Plc.

 

 

COVID-19 Impact analysis

  • Whole economy was suffering from crises specifically during the lockdown period due to COVID-19 outbreak. Composite cans industry was partly working during pandemic, as composite cans are widely used in food & beverages packaging industries and movement of essential goods was allowed by the government. However, the production cycle has been affected due to disruption in supply chain of raw materials, which has hampered the demand for composite cans and led to adverse effect on composite can market.
  • During COVID-19, e-commerce has played a vital role in re-gaining & supporting market growth. As use of online platform for ordering raw material helps in bridging gaps in supply chain and online food delivery platforms is helping to raise revenue from packaging industries.

Top Impacting Factors 

  • Increase in use of composite cans has been witnessed in the food & beverages packaging industry, as composite cans offer standard packaging to food products such as accuracy in molded dimensional & high flexural module to carry expected loads. In the food industry, composite cans are used for packaging of both dry and liquid food products such as snacks, pickles, tea, coffee, liquid condensed milk, chocolate, energy drinks, & mass gainers. These are some of the key factors that drive the demand for composite cans in packaging food products; thereby, driving the growth of the composite cans market. 
  • Composite cans are made of ecofriendly materials since composite cans are made of papers and card board. This is leading to higher adoption of bio-degradable packaging and elimination of plastic containers from market. Increase in awareness among individuals further drives the growth of the composite can market.
  • Increase in prominence of composite cans in online food delivery industries has led to rapid growth in demand for composite containers. These composite food containers help pack food tightly and reduce chances of food spillages. Majority of people, such as students and bachelors, are dependent on online food delivery platforms, which is expected to boost the growth of the composite can market during the forecast period.  

Market Trends

  • Use of composite cans as gifts article and for better branding

Composite cans are trending into a market as they are cost-effective, environmentally friendly, & non- toxic in nature. These cans are also used as gift articles and gift boxes as easy customization is possible on composite cans. Many cafes and restaurants have started printing their name on composite cans for better branding, and it makes containers more attractive and eye catchy, which fuels the growth of the composite cans market.

  • Multiple uses of composite cans

 Composite cans have eliminated use of tin containers as they are corrosive in nature. They look attractive, are light weight, and also has long time span, therefore, these containers can be re-used for storing different things.

  • Application of composite cans in food delivery

Major application of composite cans in online delivery of food products has played a vital role in the growth of the composite cans market. Composite cans are used as food container, and are very helpful in delivering food.

Key segments covered

Products Type

  • Containers
  • Cans & Lids

Price Point

  • Premium
  • Medium
  • Economy

Application

  • Food & Beverage Packaging
  • Consumer Goods
  • Industrial Goods
  • Textiles and Apparels
  • Agriculture Industries
  • Personal Care and Cosmetics

Distribution Channel

  • B2b
  • B2C
  • E-commerce

Region-

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Rest of Europe 
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific 
  • LAMEA 
    • Latin America
    • Middle East
    • Africa

Key Benefits of Report-

  • This study presents the analytical depiction of the composite cans industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the composite cans market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the Composite Cans market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed composite cans market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Report

  • Who are the leading market players active in the composite cans market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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