A recent report published by Infinium Global Research on composite packaging market provides 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 of 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 is 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 the 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 accounted for the second-largest market share 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 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 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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