Published on : Oct 26, 2018
Albany, New York, October 26, 2018: Surged inclination towards sustainable packaging solutions is a potent growth enabler for composite cans market as they are made from recycled scrap materials. Composite cans are an ideal substitute over bulky, cost intensive tin containers, which lends impetus to the growth of composite cans market. To gauge ongoing market advances and their subsequent implications on the growth of composite cans market, Market Research Hub (MRH) has entailed a new research report titled, 'Composite Cans Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026' to its fast expanding database.
Composite cans owing to their flexible functionality finds ample utility in a number of industries such as F&B, wines, cosmetics, and even toiletries. The ease of customized design in accordance with user discretion further amplifies its adoption, thus leveraging significant progress towards the growth of composite cans market.
Biodegradable Labeled Composite Cans Trending in Composite Cans Market
In the light of burgeoning demands for user-friendly composite cans from end-use verticals such as snacks, manufacturers in composite cans market are akin to offer durable and attractive composite cans that sync with consumer preferences. Several key features such as re-sealable lid, anti-leakage, excellent barrier qualities, and enhanced shelf life are some of the prime foci amongst leading market participants in composite cans market. Further, use of eco-friendly building materials such as bio-plastic is yet another primary investment amongst manufacturers eyeing for biodegradable label for their product portfolio to sustain market competition. Additionally, use of new lids that gel completely with composite cans is also one of the growth strategies adopted by market leaders in composite cans market.
Sonoco’s SoftPeel Membrane Closure Technology Intensifies Growth in Composite Cans Market
In a recent development, global provider of composite cans, Sonoco has recently launched a unique membrane to pair with its line of composite cans. The membrane under the brand name, SoftPeel is expected to limit accidental finger injuries while opening composite cans. The addition is an ideal replacement for all-foil lid options. With this new closure system, composite cans market is expected to target new growth heights, besides positioning Sonoco at the helm of the growth chart.
Elaborate research findings included in the report allow readers to understand the impact of market segments in fostering growth in composite cans market, besides allowing readers to identify the segment associated with revenue maximization. This section of the report enumerates closure type, production type, can diameter, and end-use application as chief segments in composite cans market. Based on closure type, composite cans market is bifurcated into caps, snap on, plug, lids, aluminum membrane, plastic membrane, and paperboard ends. On the basis of production type composite cans market is classified into spiral and convolute winding, and linear draw. In terms of can diameter composite cans market is splintered into less than 50 mm, 50mm-100mm, and 100mm and above. Based on applications, composite cans market demonstrates F&B, agriculture, textile and apparels, personal care and cosmetics as dominant market segments prevalent in composite cans market.
Competition Spectrum: Composite Cans Market
Thorough research postulates included in the report allow readers to evaluate the effectiveness of marketing tactics in enticing growth in composite cans market, besides luring favorable consumer response in terms of their buying discretion. Some of the leading players identified in composite cans market include, Smurfit Kappa, Mondi Group, Sonoco Products Company, Amcor Ltd,, and Ace Paper Tube amongst others.
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