Global Composite Packaging Market 2016-2020

Overview of the global composite packaging market

The global composite packaging market is anticipated to grow at a steady rate and will post a CAGR of close to 5% during the forecast period. The increasing demand for packaging products from the e-commerce market will drive the growth prospects for the global composite packaging market during the forecast period. With the increasing online shopping and the shipment of products, the demand for packaging products has increased. It has been noted that most online retailers use different types of composite cans based on the type of product to be transported. Moreover, one of the key business requirements in the e-commerce marketplace is the need for effective packaging solutions, the rising need for which leads to the growth of this market. Furthermore, with the growth of B2C e-commerce across the globe, the global composite packaging market will expand during the forecast period.

The increasing demand for the premium packaging of materials will also drive the growth prospects for the market during the forecast period. Premium packaging materials are used for premium consumer products such as cosmetics and other household items, and its high popularity can be attributed to the growth of developed markets like the US, Japan, and Western Europe. One of the major factors that drives this market’s growth is the use of expensive ingredients, technologies, colors, and other raw materials by vendors. 

Competitive landscape and key vendors

The market is highly fragmented due to the of the presence of many multinational, regional, and local vendors. The performance of these vendors in the market is affected by the changing consumer spending patterns, consumer tastes and living standards, demographic trends, and regional, national, and local economic conditions. Since the local players cannot compete with international vendors in terms of quality, features, and range of offerings, they compete by offering innovative solutions at a lower price. Furthermore, it is expected that the international players will grow inorganically during the forecast period by acquiring regional or local players.

Key vendors in this market are -

• Amcor
• DS Smith
• Mondi
• Smurfit Kappa
• Sonoco

Other prominent vendors in the market include Crown Holdings, Najmi Industries, Sealed Air, SOTA Packaging, and Universal Packaging.

Segmentation by end-users and analysis of the composite packaging market

·         Food and beverage industry

·         Industrial goods industry

·         Healthcare industry

The food and beverage industry accounted for the maximum market share during 2015 and will continue to dominate the market until the end of 2020. One of the major drivers that influence the market segment’s growth is the increasing demand for snacks and confectionery products. Also, the demand for these products has increased significantly because of growing populations, a rise in purchasing power, and increased fitness awareness among people.

Segmentation by geography and analysis of the composite packaging market

• Americas
• APAC
• EMEA

In 2015, the Americas led the market by accounting for the maximum market share. However, it has been noted that the APAC region will witness the highest growth during the next four years. The market will witness a decline in the Americas as the packaging manufacturers are shifting their manufacturing facilities to countries such as India and China to reduce operational costs and maximize profits.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global composite packaging market?
• What are the key market trends impacting the growth of the global composite packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global composite packaging market?
• What are the market opportunities and threats faced by the vendors in the global composite packaging market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global composite packaging market?

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