Global Composite Packaging Market (2021-2026) by Material, End-user and Geography - Competitive Analysis, Impact of COVID-19, Ansoff Analysis

The Global Composite Packaging Market is estimated to be worth USD 20.71 Billion in 2020 and is expected to reach USD 31.72 Billion by 2025, growing at a CAGR of 8.9%.

Market Dynamics

Increasing industrialization coupled with growing E-commerce is the major factor driving the global composite packaging market. Customized packaging solutions to enhance the customer value chain is rising demand for composite packaging. Rise in disposable income with the growing population, a preference for ready-made products is anticipated to propel the market growth. In addition, cost-effective investment and high durability of composite packaging attract various new entrants.

Mixed material of composite packaging must be separated before recycling which is a costly and complex process. In addition, fluctuating raw material prices are hindering the growth of the market.

Market Segmentation

The Global Composite Packaging Market is segmented based on Material, End-user and Geography.

• By Material, the market is classified as plastics, paper, cardboard, and others. Amongst all, the plastic segment is estimated to hold the highest market share.
• By End-user, the market is classified as food & beverage, industrial goods, and consumer goods. The food & beverage segment is estimated to hold the highest market share during the forecast period.
• By Geography, North America is projected to lead the market.

Recent Developments

1. DS. Smith announced a partnership with Touchguard to develop virus-resistant packaging. - 4th December 2020.
2. Smurfit Kappa announced €35 million in its Hoya paper mill and board manufacturing plant in Germany to increase its production output. - 21st April 2021.

Company Profiles

Some of the companies covered in this report are Amcor plc, COREX Group, Crown Holdings Incorporated, DS Smith plc, Irwin Packaging Pty Ltd, Kunert Gruppe, Mondi plc, Safepack Industries Ltd., Smurfit Kappa Group plc, Sonoco Products Company, etc.

Competitive Quadrant

The report includes the Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Composite Packaging Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.

The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel within the industry.

The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of COVID-19 on the market is also featured in the report.

The report also includes the regulatory scenario of the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules & regulations imposed on this sector across various geographies.

The report also contains the competitive analysis using Positioning Quadrants, the analyst's proprietary competitive positioning tool.

Report Highlights

• A complete analysis of the market, including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market