Over the last years, the market for composite packaging has experienced a tremendous growth owing to the rising consumer needs, the world’s growing desire to see an environment free from pollution, and technological innovations within the packaging sector. Composite packaging stands for combining different materials into a package that delivers a wide array of advantages, added to that is strength, longevity, and the ability to safely protect products throughout their lifetime.
The market direction in the Composite Packaging sector is mainly an initial growth of demand for effective and ecologically correct packaging solutions. Fast changing consumer and business behavior with concern to the environmental issues, everyone would like to find the product packaging producing low environmental impact. Composite packaging not only allows the use of recyclable materials and cuts down the amount of waste that’s now being generated globally, but it also goes in line with the idea of sustainability.
Finally, more emphasis has been placed on the sustainable nature of packaging and a calls for light weight options has been seen. Designs of the composite package materials made from metallic material such as aluminum, plastic and paper instead of being single components are being used; they not only benefit from being strong but also light. It is especially true in the area of food and drinks industry, that use termo compacco will reduce transportation cost and CO2 emission.
Food and beverage business, in general, is a prominent force which infuences a major growth of the composite packaging market. A longer shelf life, the protection against the external factors, and much tighter regulation requirements are some of the factors that have driven the use of composites materials in packaging industry. They are great in household because of excellent mechanical properties which helps to guarantee contamination-free and quality packaged materials.
In addition, technological evolutions in composite technology are a core element in a market phenomenon that is shaping a dynamic environment. The use of state-of-the-art materials as well as consequent changes in manufacturing processes has made composite packaging a suitable option for a broad variety of applications. Smarts packaging which provides RFID tags and sensors is proposed by many which has its benefits such as tracking in real time and reveals information in supply chain as well.
The second participating sector of this thriving market is namely, the pharmaceutical and healthcare sector. Security and integrity of packaging which are of high importance in this market, as well as growing demand for environmentally friendly materials are the reasons that have contributed to the emergence of composites. These materials guarantee the necessary protection from moisture, light, and temperature variations resulting in the maintenance of the products' integrity in shipping and storage until the user picks them off the shelf.
Composite Packaging Market Size was valued at USD 85.59 billion in 2023. The Composite Packaging industry is projected to grow from USD 89.02 Billion in 2024 to USD 126.11 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.45% during the forecast period (2024 - 2032). From the market scenario, it is marked that the packaging material is made up of hybrid material having multiple characteristics. The right strength, protection, durability, ease of handling, and ease of transportation helps in boosting the market. Some of the additional features of the packaging are enhancement of shelf life of the packaging materials, rise in strength to weight rise, and some of the barrier that provides huge protection.
Holmen, a manufacturer of paperboard and innovative papers, launched Invercote Touch in May 2024 for high-end premium packaging solutions. The uncoated paperboard belonging to the Invercote range provides a tactile experience while maintaining superior printability and specifications. It does not contain any pigment coatings, making it supportable for non-coated printing properties and a multi-layered baseboard that is claimed to have excellent converting properties. Additionally, Invercote Touch incorporates the strength and stiffness possessed by other Invercote products. According to Holmen Invercote Packaging and Graphics product manager Edvin Thurfjell: “Invercote Touch is an exclusive combination of uncoated paperboard where its look and feel is key, as well as other features that make Invercote so suitable for exceptional packaging.”
Globally it is marked that the competitors playing in the market are Amcor Limited of Australia, DS Smith PLC of United Kingdom, Mondi Plc of Vienna in Europe, Smurfit Kappa Group of Dublin in the United States, Sonoco Products Company of United States, Crown Holdings of United States, Sealed Air Corporation of United States, Universal Packaging Limited present in New Zealand, Najmi Industries in India, Sota Packaging Pty Limited of Australia. These companies plan various strategies which will help in raising their demand for their materials. These key players will merge, build partnerships, and acquisitions which will help and bring them to the top-notch.
In March 2024, PepsiCo, along with partners within its flexible food packaging supply chain, introduced new luxury snack packets comprising 50% post-consumer recycled plastic. The new pack meets strict food-contact requirements and was introduced last year in relation to PepsiCo’s Sunbites brand in the UK and Ireland. This process produces plastic waste into food-grade packaging through advanced recycling process techniques. This method complements mechanical recycling processes and conforms to European regulations on sensitive/medical device packaging.
It has been marked that the Asia Pacific region occupies the largest composite packaging market share globally. Asia Pacific market projects at a faster pace followed by the North American and European markets. The expansion of market size is due to its growth in population along with economic expansion and the change in their present lifestyle. Due to the modern standard of living the regions of China and India are expected to occupy the topmost position of the market. With the rise in disposable income along with the rapid growth of population in China and India, the rise of market value is also marked. With the widespread population, the rise in demand for food, cosmetics, and the demand for pharma products made these regions more popular for composite packaging. The European region is regarded to occupy the second most composite packaging market with having some of its common reasons as that of the above. Moreover, this region is very much popular for its innovative packaging standards, use of environmentally friendly materials, and modernized packaging designs which are smarter enough for increasing the composite packaging market value and composite packaging market size. Some of the Middle East and African regions also show such demand for these raw materials. Some of this region includes Saudi Arabia, South Africa, United Arab Emirates, Qatar, and Israel. It has been marked that the Latin American regions have also shown such advancement. Some of them include Brazil, Mexico, and Colombia.
Corona, a global beer brand, announced in June 2022 about launching a 100 percent biodegradable compostable six-pack made from 100% barley straw in India. Corona’s new six-pack made from 100% barley straw aligns with this year’s World Environment Day theme of ‘Only One Earth’, focusing on “Living Sustainably in Harmony with Nature”.
August 2023 sees the introduction of the BioPharmaPro family of innovative products, materials, and services for fluid path single-use equipment by Trelleborg Healthcare and Medical to speed up the progress of life-changing cures. Trelleborg Healthcare & Medical’s BioPharmaPro range, which builds on a tradition of originality, presents solutions developed from an extensive array of materials such as silicones, other elastomers, thermoplastics, composites that can be used in manufacturing tubing, custom molded components, processing columns and even complete assemblies and more.
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