The composite packaging market is witnessing steady growth, driven by increasing demand for sustainable and durable packaging solutions. Industries such as food & beverage, pharmaceuticals, and consumer goods are major consumers of composite packaging due to its lightweight and protective properties. The rise of e-commerce and online retail is also boosting demand for secure and flexible packaging. Technological advancements in material science are leading to the development of innovative, biodegradable, and recyclable composite packaging, aligning with global sustainability goals.
According to the research report, the global composite packaging market was valued at USD 8.48 billion in 2022 and is expected to reach USD 13.93 billion by 2032, to grow at a CAGR of 5.2% during the forecast period.
Composite Packaging Market – Trends & Drivers
- Growing Demand for Sustainable Packaging: Increasing consumer preference for eco-friendly and recyclable materials is shaping market trends.
- Rising Popularity in Food & Beverage Industry: Composite packaging is widely used for extended shelf life and product protection.
- Advancements in Material Technology: Innovations in lightweight, durable, and biodegradable packaging solutions are driving growth.
- E-commerce & Retail Sector Expansion: The booming e-commerce industry fuels demand for protective and flexible composite packaging.
- Stringent Packaging Regulations: Government regulations on packaging waste and sustainability are pushing companies to adopt composite materials.
- Amcor
- DS Smith
- Mondi
- Smurfit Kappa
- Sonoco
- Mondi Plc.
- Crown Holdings
- Sealed Air Corporation Universal Packaging Ltd
- Najmi Industries
- Sota Packaging Pty Ltd
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Composite Packaging market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Composite Packaging Market Segmentation:
Composite packaging is segmented based on material type, application, packaging format, and region. Materials include plastic, paper, metal, and glass, with plastic-paper combinations dominating. Applications encompass food & beverages, personal care, healthcare, and industrial packaging, with food & beverage being the largest segment. Packaging formats include bags, pouches, cans, tubes, and cartons, with pouches witnessing the highest growth due to convenience and sustainability. Geographically, the market is divided into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with Asia-Pacific leading due to increasing packaged food consumption.
Composite Packaging Market, Type Outlook (Revenue – USD Billion, 2019-2032)
- Plastic
- Paper
- Cardboard
- Others
Composite Packaging Market, End-Use Outlook (Revenue – USD Billion, 2019-2032)
- Food and Beverage
- Industrial Goods
- Healthcare
- Consumer Goods
- Others
Recent Developments
- November 2022: Smurfit Kappa acquired Pusa Pack S.L., enhancing its product portfolio and reinforcing its commitment to sustainable packaging solutions. This acquisition enables Smurfit Kappa to better address the increasing demand for eco-friendly packaging across various industries.
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