The plastic composite packaging market would likely grow at a 7.2% CAGR from 2022 to 2029, reaching USD 5,467.2 million in that year.
The packaging of a wide range of food and beverage products, including snacks and instant drinks, soups, and sauces, mostly uses paperboard composite.The primary driver fueling the growth of the plastic composite packaging industry is the global expansion of e-commerce. Furthermore, the market for plastic composite packaging is anticipated to develop as a result of the adoption of new lifestyles, rising market value, and an increase in disposable income.
This plastic composite packaging market report details recent developments, trade laws, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market laws, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, and product launches.
Some of major players operating in the plastic composite packaging market Share Analysis report:
Amcor plc, DS Smith, Mondi, Smurfit Kappa, Sonoco Products Company, Crown Holdings Inc., Sealed Air, Universal Packaging Ltd, Sota Packaging Pty Ltd, Packaging Manufacturers Association, Prakash Pipes, Zipform Packaging, and Envirocore CC among others.
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Global Plastic Composite Packaging Market Scope and Market Size
Global plastic composite packaging market is segmented on the basis of material and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
On the basis of material, the plastic composite packaging market Size is segmented into plastic, paper, cardboard, and others.
On the basis of end user, the plastic composite packaging market is segmented into food and beverage, industrial goods, consumer goods, healthcare and others.
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Plastic Composite Packaging Market Country Level Analysis
The countries covered in the plastic composite packaging market Country Level Analysis report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific region dominates the plastic composite packaging market and will continue to flourish its trend of dominance during the forecast period due to its growth in population along with economic expansion and the change in their present lifestyle. North America will however register the highest CAGR for this period due to the use of environmentally friendly materials, and modernized packaging designs.
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The country section of the plastic composite packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries.