The global composite packaging market size is expected to reach USD 13.93 billion by 2032, according to a new study. The report “Composite Packaging Market Share, Size, Trends, Industry Analysis Report, By Type; By End-Use (Food and Beverage, Industrial Goods, Healthcare, Consumer Goods, Others); By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Composite packaging materials are hybrid packaging materials that give the packaging material numerous characteristics or joint properties. Due to the expansion of the retail and e-commerce sectors, many goods now require effective packaging that provides security, strength, ease of handling, longevity, and transit. Composite packaging offers these kinds of qualities.
The change in lifestyle and the expanding e-commerce industry globally are two important factors anticipated to expand the development of the composite packaging market in the forecast period. The choice of consumers for online purchasing, which necessitates greater product protection due to bulk shipment, and the rise in packaged food and beverage demand are additional factors expected to fuel the market growth.
The market for composite packing is growing due to the worldwide expansion of e-commerce. Additionally, its demand is increasing due to people's increased reliance on online shopping, where products must be properly packaged. The government and the World Health Organization have made an effort to make much more advanced medications. The need for composite packing has increased due to the demand for appropriate packaging for these medications.
Composite packaging materials are hybrid packaging materials that give the packaging material numerous characteristics or joint properties. Due to the expansion of the retail and e-commerce sectors, many goods now require effective packaging that provides security, strength, ease of handling, longevity, and transit. Composite packaging offers these kinds of qualities.
The change in lifestyle and the expanding e-commerce industry globally are two important factors anticipated to expand the development of the composite packaging market in the forecast period. The choice of consumers for online purchasing, which necessitates greater product protection due to bulk shipment, and the rise in packaged food and beverage demand are additional factors expected to fuel the market growth.
The market for composite packing is growing due to the worldwide expansion of e-commerce. Additionally, its demand is increasing due to people's increased reliance on online shopping, where products must be properly packaged. The government and the World Health Organization have made an effort to make much more advanced medications. The need for composite packing has increased due to the demand for appropriate packaging for these medications.
Composite Packaging Market Report Highlights
- Plastic segment accounted for the highest share in 2022 due to plastic providing a range of benefits to composite packaging, including durability, flexibility, and lightweight, and also increasing demand for sustainable packaging solutions.
- Food and beverages industry segment accounted for the largest market revenue share in 2022, which is mainly driven by composite packaging is widely used in the packaging of various food and beverage products such as snacks, dairy products, ready-to-eat meals, beverages, and also protects the products from damage, contamination, and spoilage during transportation and storage.
- North America dominated the global market in 2022 and will maintain its dominance over the forecast period, due to the growth of e-commerce, and the rise in demand for packaged food and beverages. Additionally, the use of composite packaging in the healthcare sector for the safe transportation and storage of medical devices, pharmaceuticals, and other healthcare products is expected to drive market growth.
- The global key market players include Amcor, DS Smith, Mondi, Smurfit Kappa, Sonoco, Mondi Plc., Crown Holdings, Sealed Air Corporation Universal Packaging Ltd, Najmi Industries, Sota Packaging Pty Ltd.
The publisher has segmented the composite packaging market report based on type, end-use, and region:
Composite Packaging, Type Outlook (Revenue - USD Billion, 2019 - 2032)
- Plastic
- Paper
- Cardboard
- Others
Composite Packaging, End-Use Outlook (Revenue - USD Billion, 2019 - 2032)
- Food and Beverage
- Industrial goods
- Healthcare
- Consumer goods
- Others
Composite Packaging, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Frequently Asked Questions about the Composite Packaging Market
What is the estimated value of the Composite Packaging Market?
What is the growth rate of the Composite Packaging Market?
What is the forecasted size of the Composite Packaging Market?
Who are the key companies in the Composite Packaging Market?
Report Attribute | Details |
---|---|
No. of Pages | 116 |
Published | March 2023 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 8.85 billion |
Forecasted Market Value ( USD | $ 13.93 billion |
Compound Annual Growth Rate | 5.2% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
1. Introduction1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Composite Packaging Market Insights
4.1. Composite Packaging Market - Industry Snapshot
4.2. Composite Packaging Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rising demand from food and beverage and healthcare industry
4.2.1.2. Increase in transportation and logistics business
4.2.2. Restraints and Challenges
4.2.2.1. Fluctuation in the cost of raw materials
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Composite Packaging Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Composite Packaging Market, by Type
5.1. Key Findings
5.2. Introduction
5.2.1. Global Composite Packaging, by Type, 2019-2032 (USD Billion)
5.3. Plastic
5.3.1. Global Composite Packaging Market, by Plastic, by Region, 2019-2032 (USD Billion)
5.4. Paper
5.4.1. Global Composite Packaging Market, by Paper, by Region, 2019-2032 (USD Billion)
5.5. Cardboard
5.5.1. Global Composite Packaging Market, by Cardboard, by Region, 2019-2032 (USD Billion)
5.6. Others
5.6.1. Global Composite Packaging Market, by Others, by Region, 2019-2032 (USD Billion)
6. Global Composite Packaging Market, by End-Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
6.3. Food and Beverage
6.3.1. Global Composite Packaging Market, by Food and Beverage, by Region, 2019-2032 (USD Billion)
6.4. Industrial Goods
6.4.1. Global Composite Packaging Market, by Industrial Goods, by Region, 2019-2032 (USD Billion)
6.5. Healthcare
6.5.1. Global Composite Packaging Market, by Healthcare, by Region, 2019-2032 (USD Billion)
6.6. Consumer Goods
6.6.1. Global Composite Packaging Market, by Consumer Goods, by Region, 2019-2032 (USD Billion)
6.7. Others
6.7.1. Global Composite Packaging Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Composite Packaging Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Composite Packaging Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Composite Packaging Market - North America
7.3.1. North America: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.3.2. North America: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.3.3. Composite Packaging Market - U.S.
7.3.3.1. U.S.: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.3.4. Composite Packaging Market - Canada
7.3.4.1. Canada: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.3.4.2. Canada: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4. Composite Packaging Market - Europe
7.4.1. Europe: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.2. Europe: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.3. Composite Packaging Market - UK
7.4.3.1. UK: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.3.2. UK: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.4. Composite Packaging Market - France
7.4.4.1. France: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.4.2. France: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.5. Composite Packaging Market - Germany
7.4.5.1. Germany: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.5.2. Germany: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.6. Composite Packaging Market - Italy
7.4.6.1. Italy: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.6.2. Italy: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.7. Composite Packaging Market - Spain
7.4.7.1. Spain: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.7.2. Spain: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.8. Composite Packaging Market - Netherlands
7.4.8.1. Netherlands: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.4.9. Composite Packaging Market - Russia
7.4.9.1. Russia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.4.9.2. Russia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5. Composite Packaging Market - Asia Pacific
7.5.1. Asia Pacific: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5.3. Composite Packaging Market - China
7.5.3.1. China: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.3.2. China: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5.4. Composite Packaging Market - India
7.5.4.1. India: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.4.2. India: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5.5. Composite Packaging Market - Malaysia
7.5.5.1. Malaysia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5.6. Composite Packaging Market - Japan
7.5.6.1. Japan: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.6.2. Japan: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5.7. Composite Packaging Market - Indonesia
7.5.7.1. Indonesia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.5.8. Composite Packaging Market - South Korea
7.5.8.1. South Korea: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.6. Composite Packaging Market - Middle East & Africa
7.6.1. Middle East & Africa: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.6.3. Composite Packaging Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.6.4. Composite Packaging Market - UAE
7.6.4.1. UAE: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.6.4.2. UAE: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.6.5. Composite Packaging Market - Israel
7.6.5.1. Israel: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.6.5.2. Israel: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.6.6. Composite Packaging Market - South Africa
7.6.6.1. South Africa: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.7. Composite Packaging Market - Latin America
7.7.1. Latin America: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.7.2. Latin America: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.7.3. Composite Packaging Market - Mexico
7.7.3.1. Mexico: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.7.4. Composite Packaging Market - Brazil
7.7.4.1. Brazil: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
7.7.5. Composite Packaging Market - Argentina
7.7.5.1. Argentina: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. Amcor
9.1.1. Company Overview
9.1.2. Financial PerTypeance
9.1.3. Type Benchmarking
9.1.4. Recent Development
9.2. DS Smith
9.2.1. Company Overview
9.2.2. Financial PerTypeance
9.2.3. Type Benchmarking
9.2.4. Recent Development
9.3. Mondi
9.3.1. Company Overview
9.3.2. Financial PerTypeance
9.3.3. Type Benchmarking
9.3.4. Recent Development
9.4. Smurfit Kappa
9.4.1. Company Overview
9.4.2. Financial PerTypeance
9.4.3. Type Benchmarking
9.4.4. Recent Development
9.5. Sonoco
9.5.1. Company Overview
9.5.2. Financial PerTypeance
9.5.3. Type Benchmarking
9.5.4. Recent Development
9.6. Mondi Plc
9.6.1. Company Overview
9.6.2. Financial PerTypeance
9.6.3. Type Benchmarking
9.6.4. Recent Development
9.7. Crown Holdings
9.7.1. Company Overview
9.7.2. Financial PerTypeance
9.7.3. Type Benchmarking
9.7.4. Recent Development
9.8. Sealed Air Corporation Universal Packaging Ltd
9.8.1. Company Overview
9.8.2. Financial PerTypeance
9.8.3. Type Benchmarking
9.8.4. Recent Development
9.9. Najmi Industries
9.9.1. Company Overview
9.9.2. Financial PerTypeance
9.9.3. Type Benchmarking
9.9.4. Recent Development
9.10. Sota Packaging Pty Ltd.
9.10.1. Company Overview
9.10.2. Financial PerTypeance
9.10.3. Type Benchmarking
9.10.4. Recent Development
9.11. Haihang Industry
9.11.1. Company Overview
9.11.2. Financial PerTypeance
9.11.3. Type Benchmarking
9.11.4. Recent Development
9.12. LyondellBasell
9.12.1. Company Overview
9.12.2. Financial PerTypeance
9.12.3. Type Benchmarking
9.12.4. Recent Development
9.13. Spintech Holdings
9.13.1. Company Overview
9.13.2. Financial PerTypeance
9.13.3. Type Benchmarking
9.13.4. Recent Development
9.14. SMP Technologies
9.14.1. Company Overview
9.14.2. Financial PerTypeance
9.14.3. Type Benchmarking
9.14.4. Recent Development
9.15. Santa Cruz Biotechnology
9.15.1. Company Overview
9.15.2. Financial PerTypeance
9.15.3. Type Benchmarking
9.15.4. Recent Development
9.16. Solvay
9.16.1. Company Overview
9.16.2. Financial PerTypeance
9.16.3. Type Benchmarking
9.16.4. Recent Development
9.17. Thermo Fisher Scientific
9.17.1. Company Overview
9.17.2. Financial PerTypeance
9.17.3. Type Benchmarking
9.17.4. Recent Development
9.18. Chemours Company
9.18.1. Company Overview
9.18.2. Financial PerTypeance
9.18.3. Type Benchmarking
9.18.4. Recent Development
List of Tables
Table 1 Global Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 2 Global Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 3 Composite Packaging Market Assessment, By Geography, 2019-2032 (USD Billion)
Table 4 North America: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 5 North America: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 6 U.S.: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 7 U.S.: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 8 Canada: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 9 Canada: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 10 Europe: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 11 Europe: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 12 UK: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 13 UK: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 14 France: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 15 France: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 16 Germany: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 17 Germany: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 18 Italy: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 19 Italy: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 20 Spain: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 21 Spain: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 22 Netherlands: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 23 Netherlands: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 24 Russia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 25 Russia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 26 Asia Pacific: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 27 Asia Pacific: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 28 China: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 29 China: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 30 India: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 31 India: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 32 Malaysia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 33 Malaysia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 34 Japan: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 35 Japan: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 36 Indonesia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 37 Indonesia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 38 South Korea: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 39 South Korea: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 40 Middle East & Africa: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 41 Middle East & Africa: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 42 Saudi Arabia: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 43 Saudi Arabia: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 44 UAE: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 45 UAE: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 46 Israel: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 47 Israel: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 48 South Africa: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 49 South Africa: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 50 Latin America: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 51 Latin America: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 52 Mexico: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 53 Mexico: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 54 Brazil: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 55 Brazil: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
Table 56 Argentina: Composite Packaging Market, by End-Use, 2019-2032 (USD Billion)
Table 57 Argentina: Composite Packaging Market, by Type, 2019-2032 (USD Billion)
List of Figures
Figure 1 Global Composite Packaging Market, 2019-2032 (USD Billion)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter’s Five Forces
Figure 6 Market by End-Use
Figure 7 Global Composite Packaging Market, by End-Use, 2022 & 2032 (USD Billion)
Figure 8 Market by Type
Figure 9 Global Composite Packaging Market, by Type, 2022 & 2032 (USD Billion)
Figure 10 Composite Packaging Market Assessment, By Geography, 2019-2032 (USD Billion)
Figure 11 Strategic Analysis - Composite Packaging Market
Companies Mentioned
- Amcor
- DS Smith
- Mondi
- Smurfit Kappa
- Sonoco
- Mondi Plc.
- Crown Holdings S.A.
- Air Corporation Universal Packaging Ltd
- Najmi Industries
- Sota Packaging Pty Ltd.