A recent report published by Infinium Global Research on the composite
packaging market provides an in-depth analysis of segments and sub-segments in the
global as well as regional composite packaging market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional composite packaging market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global composite packaging market. According to the report,
the global composite packaging market is projected to grow at a CAGR of 5.0%
over the forecast period of 2019-2025.
Composite packaging is generally manufactured by two or more than
two material with the aim to combine the unique properties of materials that
enables the packaging to impart properties includes increased elasticity and
durability. It is usually used in industries requiring prolonged storage, and
higher product safety, for example, industrial goods, healthcare, consumer
goods, food & beverages, and others. It is gaining significant traction in
the market especially due to its low maintenance cost, and durability
The global composite packaging market is primarily driven by
continuously rising demand for the composite packaging market because of the rapidly
growing e-commerce sector worldwide. Moreover, the rise in disposable income
and changing the lifestyle of people is expected to fuel market growth in the
near future. However, the recycling process of composite packaging is slightly
complex as is made up of several materials that are expected to hinder the demand for
the global composite packaging market. Nonetheless, the rising prevalence of
several diseases and infections leads to innovation in drugs and devices that
require higher product protection is anticipated to create a new opportunity
for a global composite packaging market
On the basis of region, the global composite packaging market is
bifurcated into North America, Asia-Pacific, Europe, Latin America, and the Middle
East and Africa. The Asia-Pacific held the largest revenue share for the global
composite packaging market in 2018 on an account of the rising population,
rapidly changing lifestyle and economic growth. India and China are
estimated to be at the top of the regional market due to high disposable
income, the growing population along with an increasing standard of living. The
rising demand for cosmetics, food, and pharmaceutical products in this region
with the growing population. The Asia Pacific is anticipated to be the
fastest-growing regional market in the near future, followed by North America
and Europe. Europe is the second-largest market for the
composite packaging market. The introduction of eco-friendly materials,
Development in packaging standards and innovative packaging designs include
smart packaging drives the market growth in Europe.
The report on the global composite packaging market covers segments
such as material, and end user. On the basis of material, the sub-markets
include plastic, cardboard, paper, and others. On the basis of end user, the
sub-markets include consumer goods, food & beverage, healthcare, industrial
goods, and others.
The report provides profiles of the companies in the market such
as Amcor Limited, Mondi Plc., Crown Holdings, Smurfit Kappa Group, DS Smith
Plc., Sota Packaging Pty Ltd., Universal Packaging Ltd, Sonoco Products
Company, Sealed Air Corporation, and Najmi Industries.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the composite packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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