Industry Background:
Composite can is composed of a can body with a top closure and a bottom closure. It is also sometimes known as a combi container. It has a spiral wound, convolute wound or linear draw formed rigid body which involves several layers of materials, consisting recycled and virgin paper, foil and plastics in various combinations, combined with a variety of adhesives and laminates. Along with one or both end closures permanently affixed which give the core properties like strength, water resistance or heat resistance. The composite cans are used to pack food items such as breakfast cereals, tea, dairy products, dry fruits, spices, etc., tablets and capsules, beverages and many more items. Moreover, the composite cans are attractive, functional and economical which makes them extremely versatile in meeting packaging requirements.This growth is primarily driven by Environmental Safety as Composite Can Made From Recycled Products and Increasing Demand From Packaging Industry.
Globally, a noticeable market trend is evident Rapid Developments in Packaging Industry. Major Vendors, such as Sonoco Products Company (United States), Amcor Ltd (Australia), Smurfit Kappa (Ireland), Mondi Group (Austria), Ace Paper Tube (United States), Irwin Packaging Pty Ltd (Australia), Halaspack Bt (Hungary), Quality Container Company (United States), Nagel Paper (United States) and Corex Group (Belgium) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On Feb 21, 2019 - VPK Packaging Group has reached an agreement to acquire the European and Chinese businesses of coreboard and tube producer Corenso. Corenso is an international supplier of coreboard, cardboard tubes and cores which are used in a broad range of demanding industrial applications.
Market Drivers
- Environmental Safety as Composite Can Made From Recycled Products
- Increasing Demand From Packaging Industry
Market Trend
- Rapid Developments in Packaging Industry
Restraints
- Design Problems Related To Product
Opportunities
Rising Demand for Potato Chips Across the Globe
Challenges
Changing Consumer Preference
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Composite Cans Study Sheds Light on
The Composite Cans Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Composite Cans industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Composite Cans industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.