Composite Paper Cans Market Size, Major Strategies
The key trend of the composite paper cans market is that the prominent manufacturers are using acquisition as the key strategy to reduce competition in the market. The Sonoco products company, the global packaging manufacturer, acquired the Robinson Paperboard Packaging UK site that is producing composite can by paying Euro 2.6 million. Later in the year 2014, the Sonoco products company acquired Weidenhammer Packaging Group leader of the composite paper cans market, in Europe. This acquisition has reduced the competition in Europe and increased the sales of the Sonoco products company by 21% in the region.
Composite paper cans are lightweight, easily openable packaging solution with high sealing properties. They have moisture and oxygen resistance properties which helps in preserving the taste and aroma of the product for a longer period of time. Use of composite paper cans, reduces the requirement of can openers, as they have an easy to open and resealable lid. This lid eliminates the spillage of the packaged product. Light weight feature of composite paper cans makes packaged product easy to carry and also reduces the cost of transportation. The composite paper cans have high crushing strength, thereby protecting the packaged product. . Composite paper cans have shelf appealing features and thus gets consumers attention in crowded shelves. These properties of composite paper cans increases its end use for food and beverage industry, consumer goods, household and others.
There is high demand for a packaging solution that is lightweight, cost-effective and eco-friendly. As composite paper cans have all these features, they are the preferred packaging format. Food manufacturers prefer composite paper cans over other packaging formats to launch a new range of ready to eat food products. In the year 2016, Hans Freitag food manufacturers launched its new "Fit for Fun" biscuits, by using composite paper cans. They are used by the company due to their preserving properties. Composite paper cans preserve the taste, aroma, and flavor of the product. The composite paper cans are made up a combination of different layers. These multilayers enhance barrier properties of cans as well as provides crushing strength.
Get a PDF brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=44550
Key players:
Some of the key players of the global composite cans market are Sonoco Products Company, Mondi Group PLC, Smurfit Kappa Group plc., COREX Group Tinpak (Pvt) Ltd, Saamarth Container, Lenzing Accessories (Pvt) Ltd., Compocan Industries, Hangzhou Qunle Packaging Co., Ltd and others.
Global composite paper cans Market: regional overview
The composite paper cans market is segmented into seven key regions –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Japan
- Middle East & Africa (MEA)
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=44550
In North America composite paper cans market is expected to witness sluggish growth during the forecast period. The prominent manufacturers of the composite paper cans market are majorly focusing on UK market. The European region leads in regards of consumption of the composite paper cans. Global investors are majorly targeting Asia Pacific region, due to increased spending capacities of the consumers, in the emerging countries. Composite paper cans market is expected to witness high growth during the forecast period. There is a high demand for ready to eat food products in GCC countries and consumers in this region are looking for new packaging solution. Thus, there is the excellent scope for development of composite paper cans market.
Get a Customised Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=44550
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
About Transparency Market Research
Transparency Market Research is a global market research reports company providing business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
