Composite Packaging Market by Material (Plastic, Paper & Paperboard, Metal, Others), by End-use (Food & Beverages, Healthcare, Consumer Goods, Logistics & Transportation, Others), by North America (U.S., Canada), by Europe (Germany, U.K., France, Italy, Spain, Russia, Poland, Romania, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Argentina, Rest of Latin America), by The Middle East & Africa (Saudi Arabia, UAE, Oman, South Africa, Rest of the Middle East & Africa) Forecast 2025-2033
The Composite Packaging Marketsize was valued at USD 49.00 USD Billion in 2023 and is projected to reach USD 74.51 USD Billion by 2032, exhibiting a CAGR of 6.17 % during the forecast period. Composite packaging is the type of packaging that is composed of two or more materials combined to form an efficient packaging system, where the rationale behind the combination is to exploit the strengths of each material used in the composite packaging. It involves folding cartons, plastics, metal foils, and foams that have been designed in such a way as to meet the specifications of the packaged item. On the upside, this approach is productive because of certain benefits that are unchallengeable. First, composite packaging has product preservation benefits since composites utilize the characteristics of all the individual materials in their resistance to moisture, impact, or changing temperatures. Secondly, sustainability is also enhanced, as most designs allow for the proper usage of resources to avoid waste, and in some cases, the designs even allow easy recycling or reuse of the same.
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The composite packaging market is globally segmented into five regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific continues to dominate the market, followed by North America and Europe, driven by the presence of key composite packaging manufacturers and the high demand from end-use industries.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.17% from 2019-2033 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 6.17% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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