Composite Packaging Market Is Expected to Grow at a CAGR of 4.82 % by 2023
Global Composite Packaging Market Information by Material (Plastic, Paper, Cardboard and other), by end users (Food & beverages, Industrial goods, consumer goods, healthcare and others) and Region - Forecast to 2023
Pune, India -- (SBWire) -- 06/12/2017 --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 4.82 % during the period 2017 to 2023.
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.
Key Players of Composite Packaging Market:
-DS Smith Plc (U.K.)
-Mondi plc (Mondi plc)
-Smurfit Kappa Group
-Sonoco Products Company (U.S.)
-Crown Holdings (U.S.)
-Sealed Air Corporation (U.S.)
-Universal Packaging Ltd (New Zealand)
-Najmi Industries (Bengaluru)
-Sota Packaging Pty Ltd
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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.
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.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter's Five Forces Analysis
4 Global Composite Packaging Market, By Material
5 Global Composite Packaging Market, By End user
5.2 Food & beverages
5.3 Industrial goods
5.4 Consumer goods
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