Press release
Worldwide Business Survey: Composite packs Market Size & Share, Industry Analysis, Growth, Trends and Forecast 2017 - 2025
The objectives of this study are as follows:
To define, describe, and forecast the "Composite packs" market by type, application, component, delivery model, end user, and region
To provide detailed information regarding major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
To forecast the market size of market segments with respect to the four key regions: North America, Europe, Asia, and the Rest of the World (RoW)
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Composite packs market: Introduction
A composite pack, made up of multiple materials such as foam, plywood, plastics, polystyrene, timber, etc., could be used to provide ideal packaging solution for the goods in transit whether by road or air. It offers optimum strength and insulation properties to the material packed inside it. They are available in random shapes and sizes in pre-assembled or component form, depending upon the requirements of the customer. The composite packs, when used for packaging of fragile goods, reduce the rates of damage and offer safe delivery of the goods. The composite pack is easy to construct as it offers interlocking characteristics. The primary strength to the pack is imparted by the robust double, triple, or quad walled corrugated outer layer and soft foam inside gives the secure environment to the fragile goods. The anti-static polystyrene fitting is mostly used for the protection of the sensitive electronic components while it could also be used for the packaging of pottery, glassware and other household appliances. The addition of latches or plastic handles broaden the scope of the packs and makes them recyclable. The protective composite foam packaging offers unique packaging solutions to most of the industrial goods.
Composite packs: Market Dynamics
In recent years, the composite packs have gained wide attention for the packaging of the fragile goods produced in various industries such as electronics, furniture, consumer goods, chemicals, and automotive industry. The main driving factor for the composite packs market is the use of multiple high strength materials for the manufacturing of composite packs which offers excellent characteristics for protection of goods packed inside it. The composite packs also improve customer satisfaction levels due to the safe delivery of the products. The opportunities in the composite packs market include the ability of the composite packs to be used for the wide range of the products. The main trend noticed in the composite packs market is the use of multiple high quality insulating materials to further improve the quality of the packs. Along with the corrugated fibre board; foam, plastics, polystyrene, plywood, and timber are widely used for the production of composite packs. The primary restraint for the composite packs market is the scarce raw material sources and the high price of the packs which may hamper its growth in near future.
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Composite packs: Market Segmentation
Composite packs market is segmented as follows-
Composite packs market segmentation by material type–
Paper
Plastics
Timber
Others
Composite packs market segmentation by packaging type–
Lay-flat composite packs
Pre-assembled composite packs
Composite packs market segmentation by end use–
Electronics
Chemical
Automotive
Household
Consumer goods
Others
Composite packs market: Regional outlook
Geographically, the global composite packs market is segmented across the following regions- North America, Asia-Pacific, Western Europe, Eastern Europe, Latin America, Middle East and Africa. The composite packs market is growing at a good CAGR value due to increasing demand for protective packaging solutions globally. The high consumption levels of the paper and plastic packaging products in Europe makes it the market leader in the composite packs market. The North America followed by Europe possess highest production rates for the composite packs. The Asia Pacific region witnessed trend in the rising consumption levels of the protective packaging products due to high imports in the region. The manufacturers are opting for the developing countries such as India and China for the manufacturing of composite packs due to cheap labour and raw material costs. The other developing regions including Latin America and MEA region also offer the untapped growth potential in the composite packs market.
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Composite packs market: Key players
Some of the key players in the global composite packs market are Smurfit Kappa Group PLC, Nene Packaging Ltd., Logon Group, A. Latter & Co. Ltd, Coliforms Group, Quadwall Ltd., Alan Cooper Packaging, Victory Packaging, LP, Interpack Ltd., Durham Box Company, Anglian Bespoke Corrugated and Packaging Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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