Composite Packaging Market is Set to Experience Revolutionary Growth by 2026

The global Composite Packaging Market size is expected to reach USD 4.83 billion by 2026 according to a new study by Polaris Market Research. The report “Composite Packaging Market Share, Size, Trends, Industry Analysis Report By Type (Plastic, Paper, Cardboard); By Application (Food And Beverage Industry, Plastic Goods Industry, Healthcare Industry, Consumer Goods); By Regions – Segment Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market is projected to witness significant growth over the forecast period. Global growth of the application industries such as food & beverages, plastic goods as well as the consumer goods industry particularly in the emerging regions such as Middle East & Africa as well as the Asia Pacific is catering to the market growth. Novel products developed by industry participants as well as competitive strategies adopted by them are also catering to market growth.

There has been rising penetration of internet in the last few years which has benefitted industries such as e-commerce. There has been rising activities of purchase on e-commerce which has directly impacted the growth of industries such as consumer goods as well as food & beverages. As these industries utilize composite packaging on a large scale, the industry is bound to grow over the forecast period.

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Development of novel green composite packaging solutions which are sustainable and can be recycled has also greatly benefitted the market demand. Companies also offer such solutions that do not compromise on the overall safety, functionality and quality and also does not entail a huge amount of additional benefits. Such trends are benefitting the growth of the market.

Asia Pacific is anticipated to grow at a higher rate as compared to other regions over the next six years. Strong growth particularly in countries such as China, India, Vietnam, Singapore, Malaysia and Indonesia are driving the regional market growth. Rising disposable income, rapid urbanization, favorable policies of the governments, emergence of countries as a manufacturing hub are all contributing to the growth of the market in Asia Pacific.

Provision of customized product portfolio is a key industry scenario. Composite packaging companies provide solutions that are in line with the value chain requirements of their clients. They also offer additional services of printing, color, packaging types as a part of their efforts to gain market share.

Companies are developing products that enhance the advantageous properties of composite packaging materials and in order to do so are involved in continuous R&D process. Some of the leading players in the market include Amcor, DS Smith, Mondi, Smurfit Kappa, Sonoco, Mondi Plc., Crown Holdings, Sealed Air Corporation Universal Packaging Ltd, Najmi Industries, Sota Packaging Pty Ltd., among others.

Polaris Market research has segmented the Composite Packaging Market report on the basis of type, application and region

  • Composite Packaging Type Outlook (Revenue, USD Million, 2015 – 2026)
    • Plastic
    • Paper
    • Cardboard
    • Others
  • Composite Packaging Application Outlook (Revenue, USD Million, 2015 – 2026)
    • Food and Beverage Industry
    • Plastic Goods Industry
    • Healthcare Industry
    • Consumer Goods
  • Composite Packaging Regional Outlook (Revenue, USD Million, 2015 – 2026)
    • North America
      • U.S.
      • Canada
    • Europe
      • France
      • Germany
      • UK
      • Italy
      • Spain
      • Netherlands
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Australia
      • Singapore
    • Latin America
      • Brazil
      • Mexico
      • Colombia
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • UAE
      • Qatar
      • Israel

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

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