Composite Packaging Market Growth, Scope, Trends Analysis and...

Composite Packaging Market Growth, Scope, Trends Analysis and Forecast 2023-2028

Posted 2023-08-22 07:22:28

IMARC Group, a leading market research company, has recently released a report titled “Composite Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global composite packaging market size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Composite Packaging Market?

The global composite packaging market size reached US$ 79.02 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 104.81 Billion by 2028, exhibiting a growth rate (CAGR) of 4.65% during 2023-2028.

What is Composite Packaging?

Composite packaging refers to a packaging method that involves using multiple materials with varied properties to create a packaging solution. Composite packaging is typically robust, offering superior protection for the packaged goods. It is also versatile, allowing for customization to fit specific product needs. Composite packaging typically includes layers of different materials such as plastics, aluminium, and paper, which provide various protective features. Composite packaging finds application in numerous industries such as food and beverage, pharmaceutical and the electronics and automotive.

Request PDF Sample of the Report: https://www.imarcgroup.com/composite-packaging-market/requestsample

What are the Growth Prospects and Trends in the Composite Packaging Industry?

The shift towards ready-to-eat meals represents one of the key factors catalysing the demand for composite packaging. In addition to this, the increasing focus on sustainable packaging, coupled with the expansion of e-commerce are propelling the growth of the market. Moreover, innovations in material science and packaging technologies are enabling the creation of more efficient, cost-effective composite packaging solutions. Apart from this, consumers are becoming more health-conscious, the demand for pharmaceuticals is increasing, which necessitates protective composite packaging. Besides this, the increasing variety of beverages, including craft beers and artisanal sodas, is fueling the market growth of composite packaging. Along with this, the expansion of the cosmetics sector, with a wide range of products, is creating a substantial demand for composite packaging, thereby contributing to the market growth. Rapid urbanization and changing lifestyles trends are enhancing the need for packaged goods, indirectly increasing demand for composite packaging which, in turn, is leading the market towards growth. Other factors such as stringent government regulations and rising disposable income are further driving the growth of the market across the globe.

Who are the Key Players Operating in the Composite Packaging Market?

The report has also provided a comprehensive analysis of the competitive landscape in the global composite packaging market. Some of the companies covered include.

· Amcor plc

· Crown Holdings Inc.

· DS Smith plc

· EnviroCore Composites (Pty) Ltd.

· Mondi plc

· Sealed Air Corporation

· Smurfit Kappa Group plc

· Sonoco Products Company

· Tetra Pak International SA

· Zipform Packaging

What is Included in Market Segmentation?

The report has categorized the market based on material, end use and region.

Material Insights:

· Plastic

· Paper

· Cardboard

· Others

End Use Insights:

· Food and Beverage

· Industrial Goods

· Healthcare

· Consumer Goods

· Others

Regional Analysis:

· North America (United States, Canada)

· Europe (Germany, France, United Kingdom, Italy, Spain, Others)

· Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

· Latin America (Brazil, Mexico, Others)

· Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of The Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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