Report Details:
15 Companies Covered
113 Pages
Pune, India, May 30, 2016 /MRFR Press Release/- Market research future published a half cooked research report on global composite packaging market. The global market for composite packaging market is expected to grow over the CAGR of around 4.23 % during the period 2024-2032.
Composite Packaging Market Highlights:
The Composite Packaging Market was valued at 36.35 USD Billion in 2022 and is projected to grow from 37.89 USD Billion in 2023 to 55.0 USD Billion by 2032, reflecting a CAGR of approximately 4.23% from 2024 to 2032. Composite packaging is a packaging which is made from two or more layers of different materials, which are bonded together and are not separable by consumers. Some composite packaging are shelf-stable (aseptic liquid paperboard), lowering wastage and refrigeration requirements. It is versatile and provides reasonable product protection. The growing population, improved standard of living, growing demand for packaged products are expected to drive the growth of the global composite packaging market. Features such as longer shelf life and user friendly solutions in terms of storage are expected to fuel the market. Composite packaging is designed to meet all the physical requirement of the supply chain to ensure that the product arrives on time while preserving the texture and convenience to handle.Drivers of Global Composite Packaging Market:
Market Research Analysis:
Asia-Pacific region holds largest share in the global market. Rapid lifestyle changes and economic growth, coupled with rising population in China and India have spiked the growth rate of composite packaging in the region. Rising incomes and the expansion of modern retail outlets with different mindset are favoring a switch from unpackaged products to packaged products.
Global Composite Packaging Market (CAGR):
Scope of the Report:
This study provides an overview of the global composite packaging industry, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global composite packaging market as material, End User. On the basis of material it is segmented as plastic, paper and paperboard. On the basis of end user it is segmented as Food & beverages, Industrial goods, consumer goods, healthcare and others.
Key Players:
The key players of global composite packaging market include Amcor Limited ( Australia), DS Smith Plc (U.K.), Mondi plc (Mondi plc), Smurfit Kappa Group (Dublin), Sonoco Products Company (U.S.), Crown Holdings (U.S.), Sealed Air Corporation (U.S.), Universal Packaging Ltd (New Zealand), Najmi Industries (Bengaluru) and Sota Packaging Pty Ltd (Australia).
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