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

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

The global composite packaging market size is expected treach USD 13.93 billion by 2032, according ta new study by Polaris Market Research. 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 intcurrent 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 tthe 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 twimportant factors anticipated texpand the development of the composite packaging market in the forecast period. The choice of consumers for online purchasing, which necessitates greater product protection due tbulk shipment, and the rise in packaged food and beverage demand are additional factors expected tfuel the market growth.

The market for composite packing is growing due tthe worldwide expansion of e-commerce. Additionally, its demand is increasing due tpeople's increased reliance on online shopping, where products must be properly packaged. The government and the World Health Organization have made an effort tmake much more advanced medications. The need for composite packing has increased due tthe demand for appropriate packaging for these medications.

Composite Packaging Market Report Highlights

Plastic segment accounted for the highest share in 2022 due tplastic providing a range of benefits tcomposite packaging, including durability, flexibility, and lightweight, and alsincreasing 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 alsprotects 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 tthe 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 tdrive 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.

Polaris Market Research 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