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Composite Packaging Market Analysis, Size and Demand With Forecast To 2023
Posted: Jul 29, 2019
Summary
Composite Packaging Market Size, Share, Trends, Analysis, Future Scope, Growth — By Material (Plastic, Paper, Cardboard, and Others), by End-user (Food & beverage, Industrial goods, Consumer goods, Healthcare and Others) and by Region (the Americas, Asia Pacific, Europe, Middle East and Africa) — Global Forecast Till 2023
Composite Packaging Market Overview
Composite packaging refers to packaging materials made from more than one material to suit the needs of a wide range of products. Products requiring higher safety and prolonged storage use composite packaging. The global composite packaging market is expected to expand at a CAGR of around 4.82% over the forecast period of 2017-2023 due to the advantages associated with it such as increased durability, elasticity, visual appeal, lower space footprint, and longer shelf life, asserts Market Research Future (MRFR) in an extensive study.
Convenience is the key selling proposition of composite packaging. Composite packaging finds application in areas where a single material is not able to fulfill all the functional requirements of packaging. Some composite packaging are shelf-stable and provide heightened product protection. In addition, composite packaging delivers the required packaging performance. The pharmaceutical industry is a key end user of the global composite packaging market.
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Competitive Landscape
- Sealed Air Corporation (U.S.)
- Mondi Plc. (Vienna, Europe)
- Amcor Limited ( Australia)
- Universal Packaging Ltd (New Zealand)
- Sota Packaging Pty Ltd. (Australia)
- Smurfit Kappa Group (Dublin, U.S.)
- Sonoco Products Company (U.S.)
- DS Smith Plc. (U.K)
- Najmi Industries (India)
- Crown Holdings (U.S.) are the notable players operating in the global composite packaging market.
Composite Packaging Market Segmentation
The global composite packaging market has been segmented based on material, and end user.
By material, the global composite packaging market has been segmented into plastic, paper, cardboard, and others.
By end user, the global composite packaging market has been segmented into food & beverage, industrial goods, consumer goods, healthcare, and others. The food & beverage segment is anticipated to be exhibit the highest growth rate of 5.23% CAGR over the forecast period. Rise in demand for dairy products, dry fruits, snacks, soft drinks and other confectionery products can be credited for the growth of the segment. Rise in disposable income, change in lifestyle, and consumer affinity towards packaged food products are other factors contributing to the growth of the food & beverage segment.
Regional Analysis
By region, the global composite packaging market has been segmented into the Americas, Asia Pacific (APAC), Europe, and the Middle East & Africa (MEA).
APAC accounts for the foremost share of the global composite packaging market. Elevating levels of disposable income in the region has induced high demand for packaged food, pharmaceuticals, and cosmetics in the region which reflects positively on the growth of the global composite packaging market.
North America and Europe follow APAC closely in the global composite packaging market. Europe market is driven by development in packaging standards, innovation in the field of packaging designs, and rigorous R&D activities which has resulted in the introduction of eco-friendly materials.
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TABLE OF CONTENT
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Definition
2.2.2 Research Objective
2.2.3 Assumptions
2.2.4 Limitations
2.3 Research Process
2.3.1 Primary Research
2.3.2 Secondary Research
2.4 Market Size Estimation
2.5 Forecast Model
3 Market Landscape
3.1 Porter’s Five Forces Analysis
3.1.1 Threat Of New Entrants
3.1.2 Bargaining Power Of Buyers
3.1.3 Bargaining Power Of Suppliers
3.1.4 Threat Of Substitutes
3.1.5 Segment Rivalry
3.2 Value Chain/Supply Chain Analysis
Continues…..
Table Of Content
Table 1 Global Composite Packaging Market: By Region, 2017-2023
Table 2 North America Composite Packaging Market: By Country, 2017-2023
Table 3 Europe Composite Packaging Market: By Country, 2017-2023
Table 4 Asia Pacific Composite Packaging Market: By Country, 2017-2023
Table 5 RoW Composite Packaging Market: By Country, 2017-2023
Table 6 North America Composite Packaging Market By Material, By Country, 2017-2023
Table 7 Europe Composite Packaging Market, By Material, By Country, 2017-2023
Continues……
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