The global market of composite paper cans market is expected to rise at a CAGR of 5.6% from 2023 to 2033 in comparison to a 3.3% CAGR registered from 2016 to 2022.
The market is estimated to reach a valuation of USD 1,539 million by the end of the forecast period. This can be attributed to sustainability investments and increasing consumption of eco-friendly packaging solutions among end-users.
| Attributes | Details |
|---|---|
| Composite Paper Cans Market Share (2022) | USD 854 million |
| Composite Paper Cans Market Size Value (2023) | USD 895.9 million |
| Composite Paper Cans Market Size Value (2033) | USD 1.539.9 million |
| Composite Paper Cans Market Growth Rate (2023 to 2033) | 5.6% |
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Germany has emerged as a leading market for composite paper cans within Europe. The Germany market is expected to be valued at USD 261.6 million in 2022. Within North America, the United States is expected to account for 16.2% of total sales of composite paper cans globally.
In terms of consumption, 50 mm to 100 mm diameter composite paper cans are expected to outpace other segments and are estimated to reach nearly 58 billion Units sold by 2031.
The adoption of sustainable materials in the production of composite paper cans attracts environment-conscious customers. Food and beverage packaging applications accounted for nearly 49.8% of the market in 2022. Composite material provides increased durability as compared to ordinary paper cans.
Some of the leading companies manufacturing composite paper cans are Smurfit Kappa Group plc, Amcor plc, Mondi Group plc, Sonoco Products Company, Ace paper tube, Irwin packaging, PTS manufacturing, Canfab packaging, and others. European manufacturers account for more than 38% of the market.
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| Particulars | Details |
|---|---|
| Jul - Dec (H2), 2022 (A) | 5.40% |
| Jul - Dec (H2), 2023 Projected (P) | 5.70% |
| Jul - Dec (H2), 2023 Outlook (O) | 6.20% |
| BPS: H2,2023 (O) - H2,2022 (A) | 80 |
| BPS: H2,2023 (O) - H2,2023 (P) | 50 |
The disruption of the supply chain affected production. However, rising sales via e-commerce and online orders have started to gradually restore the growth of the packaging industry. The online orders of food and beverages have helped sustain the demand for composite paper cans.
Manufacturers restarted their operations, potentially aiding recovery through 2022. Moreover, demand is also on the rise owing to takeaway orders. Sustainability and hygiene practices support a transition from plastic to composite paper cans.
Investments by leading manufacturers in research and development activities have fueled the growth of the composite paper cans market in recent years. Also, the inclination towards bio-degradable materials has aided in the growth of the composite paper cans market. Composite paper cans have emerged as a cheap and safer alternative to plastic or metal cans.
Manufacturers are primarily focusing on environmental protection and waste management. This encourages them to start adopting green practices, which may support long-term profits.
According to the United States Environmental Protection Agency, the combustion of containers and packaging was estimated at 7.4 million tons, while 30.5 million tons were dumped in landfills in 2018.
To avoid such circumstances, paper and paperboard packaging have been given more importance since they result in lower carbon impact. Considering these factors, composite paper cans are expected to gain more traction.
According to FMI analysis, some of the leading companies are revising their supply chain strategies to cater to the evolving demand of online buyers. Usually, takeaway beverages and frozen items are at a higher risk of getting damaged during transport. Consequently, it is very important to select the right type of packaging for food items.
Composite paper cans make use of internal laminated coatings to maintain the shelf life of products. Also, the growing focus on aluminum membranes helps to ensure minimal contact with the product. Beverages are closed using snap-on or plug caps to prevent spillage. This makes composite paper cans an ideal solution for on-the-go snacking and takeaways. These properties reduce consumer inconvenience arising from product damage.
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Composite paper materials are used in various applications in the food and beverage packaging industry, retail packaging industry, and in aerospace products. The composite paper provides superior durability and high tensile strength as compared to conventional paper cans.
The strength of composite paper cans can be attributed to recycled paper fibers. The right mix of raw materials constituents results in corrosion-resistant packaging.
The possibilities of the shape and size of composite paper cans are significant. The capacities of the cans range from 50mm to above 100mm, depending on the consumer’s need and request and the end use of the can.
| Attributes | Statistics |
|---|---|
| Germany Market Value 2022 | USD 45.1 million |
| Germany Market Share | 5.3% |
According to FMI research, Europe contributed to over a third of the global demand for composite paper cans in the year 2022. Germany is estimated to account for a share of 15% of the Europe market by the end of 2033.
One of the key aspects supporting growth in the country is that key players have a strong presence in the Europe market leading to cost-effective domestic sales in the region. The presence of some of the leading market players and the easy availability of raw materials in the country support growth in the market.
| Attributes | Statistics |
|---|---|
| China Market Value 2022 | USD 68.1 million |
| China Market Share | 8% |
According to FMI, the China market is growing steadily, with numerous small-scale companies manufacturing composite paper cans. Currently, China accounts for a market share of 58.2% in East Asia. Over the forecast period, the Chinese composite paper cans market is projected to grow at an annual rate of 9.1%.
The country is expected to register increasing demand for composite paper cans on the back of rising sales in the food and beverages industry. Also, industrialization, supported by the easy availability of raw materials and access to cheap labor may support growth in the China market.
| Attributes | Statistics |
|---|---|
| The United States Market Value 2022 | USD 138.4 million |
| The United States Market Share | 16.2% |
The composite paper cans sales registered in the United States account for 66.3% of the North America market and are expected to witness moderate growth through the forecast period. Large multinational vendors are adapting to composite paper cans owing to the presence of paper board manufacturers in the country.
The surging demand for takeaway food, frozen food items, and on-the-go beverages has been enabling growth in the country. Rising application in the packaging of personal care and cosmetic products might also aid sales in the United States.
| Attributes | Statistics |
|---|---|
| India Market Value 2022 | USD 27.1 million |
| India Market Share | 3.2% |
According to FMI, Indian consumers have become increasingly dependent on ordering food online while also becoming more concerned about the environment. This is leading to higher adoption of bio-degradable packaging. Consequently, India has emerged as a significant market in South Asia and is forecast to exhibit a CAGR of 9% over the forecast period.
Expansion of the food sector following the entry of the fast food retail chain is expected to drive growth in India. Besides this, a focus on curbing carbon footprint is further anticipated to continue driving sales in the country.
| Attributes | Statistics |
|---|---|
| Australia Market Value 2022 | USD 17.9 million |
| Australia Market Share | 2.1% |
According to the FMI study, the composite paper cans market in Australia accounts for 58.4% of the demand in Oceania in the year 2023 and is expected to witness moderate growth throughout the forecast period.
Amcor PLC, a leading Australian player, conducts 95% of the company’s business out of its domestic market. The presence of leading players is anticipated to drive growth in the country. Australia also has a conducive environment for new entrants and is likely to offer lucrative opportunities in the long term.
| Regional Composite Paper Cans Market | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 4.1% |
| China | 9.1% |
| India | 9% |
Caps and lids are two of the most common types of closures used for composite paper cans. Caps are expected to account for 70.2% in the year 2023. The segment is anticipated to grow at 4.7% CAGR during the forecast period. Caps are in demand owing to re-use characteristics without compromising product safety.
Lids are preferred for food items such as snacks, dry foods, and frozen food, owing to reduced risk of spillage.
The food and beverage industry is predicted to account for 49.8% of the global market, followed by the agriculture and retail industry. Global fast-food giants are the leading users of composite paper cans. These packaging solutions are specially used for takeaways and deliveries in the food sector.
Composite paper cans have emerged as a preferred alternative to plastic cans or cups. They are not only reliable but also effective in reducing wastage, with better potential for reuse applications. Retail outlets such as supermarkets, hypermarkets, and departmental stores also could exhibit demand for the storage of frozen food, dry food, and snacks.
According to FMI, the spiral winding is the most used production type and accounted for 49.6% of the revenue share in 2022, owing to extensive application in the food and beverage sector.
On the other hand, convolute winding production is preferred for the storage of heavy items or products in large quantities owing to high crush resistance and bend strength.
Composite paper cans with a diameter of 50 mm to 100 mm are commonly used, and it is set to hold a market share of 48.6% in 2022. This size is ideal for frozen foods packaging in retail stores and is also used extensively in restaurants owing to ease of storage.
With the changing food habits of millennial consumers, demand in this segment is expected to increase further by 180 bps owing to easy handling and increasing consumption of takeaway and on-the-go food. On the other hand, cans with a diameter above 100 mm are estimated to witness a slight decline of 270 bps in comparison to the current share during the forecast period.
Key players in the composite paper cans market are focusing on the production of sustainable solutions to keep pace with changing consumer preferences and minimize the usage of plastic. For instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2016 to 2022 |
| Market Analysis | USD million for value and Million Units for volume |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East & Africa. |
| Key Countries Covered | USA, Canada, Germany, United Kingdom, France, Italy, China, Japan, India, Thailand, Brazil, Mexico, Australia, GCC Countries, Northern Africa. |
| Key Segments Covered | Closure Type, Production Type, Can Diameter, End Use, and Region |
| Key Companies Profiled | Smurfit Kappa Group PLC; Mondi Group PLC; Amcor PLC; Sonoco Products Company; Ace Paper Tube Corp.; Irwin Packaging Pty Ltd.; Paper Tubes And Sales(PTS) Manufacturing; Canfab Packaging Inc.; Bharath Paper Conversions; Nagel Paper. |
| Report Coverage | Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The projected revenue of the market by 2033 is USD 8,132.8 million.
The market CAGR for 2033 is projected to be 4.8%.
The three key players in the composite paper cans market are Smurfit Kappa Group plc, Amcor plc, and Mondi Group plc.
The market generated revenue of USD 5,068.9 million in 2023.
The market is growing remarkably fast due to the increasing demand for sustainable packaging solutions.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Closure Type 5.1. Caps 5.1.1. Snap On 5.1.2. Plug 5.2. Lids 5.2.1. Aluminium Membrane 5.2.2. Plastic Membrane 5.2.3. Paperboard 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Production Type 6.1. Spiral Winding 6.2. Convolute Winding 6.3. Linear Draw 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Can Diameter 7.1. Less than 50 mm 7.2. 50 mm to 100 mm 7.3. Above 100 mm 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 8.1. Food and beverages 8.1.1. Tea/Coffee 8.1.2. Snacks 8.1.3. Alcoholic Beverages 8.1.4. Others 8.2. Agriculture 8.3. Household 8.4. Personal & Cosmetics 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. MEA 10. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Smurfit Kappa Group Plc 17.2. Mondi Group Plc 17.3. Amcor Plc 17.4. Sonoco Products Company 17.5. Ace Paper Tube Corp 17.6. Irwin Packaging Pty Ltd 17.7. Paper Tubes & Sales Manufacturing 17.8. Canfab Packaging Inc. 17.9. Bharath Paper Conversions 17.10. Nagel Paper 18. Assumptions & Acronyms Used 19. Research Methodology
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Composite Paper Cans Market
