The global composite paper cans market is poised for substantial growth, projected to rise at a CAGR of 5.6% from 2023 to 2033. This marks a significant increase from the 3.3% CAGR recorded from 2016 to 2022. The market is expected to reach a valuation of USD 1.54 billion by the end of the forecast period, driven by a growing emphasis on sustainability and an increasing demand for eco-friendly packaging solutions
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Key Highlights from the Composite Paper Cans Market Report:
- Emergence of Leading Markets: Germany has emerged as a key market for composite paper cans in Europe, with an estimated valuation of US$ 261.6 million in 2022. In North America, the United States is expected to account for 16.2% of total sales globally.
- Consumer Preference for Sustainable Packaging: The adoption of sustainable materials in composite paper cans, particularly in food and beverage packaging applications, has garnered significant traction. Composite paper provides enhanced durability and strength compared to traditional paper cans, attracting environment-conscious consumers.
- Leading Manufacturers: Major players in the composite paper cans market include Smurfit Kappa Group plc, Amcor plc, Mondi Group plc, Sonoco Products Company, and others. European manufacturers collectively dominate more than 38% of the market share.
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Key Segments:
By Closure Type:
- Caps
- Snap On
- Plug
- Lids
- Aluminum Membrane
- Plastic Membrane
- Paperboard
By Production Type:
- Spiral Winding
- Convolute Winding
- Linear Draw
By Can Diameter:
- Less than 50 mm
- 50 mm to 100 mm
- Above 100 mm
By End-Use:
- Food and beverages
- Tea or Coffee
- Snacks
- Alcoholic Beverages
- Others
- Agriculture
- Household
- Personal & Cosmetics
- Others
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)