Multi-material Packaging Market: An Overview

Multi-material packaging is composed of two or more materials used or fused together for packaging. Multi-material packaging is of various categories, such as flexible packaging and rigid packaging. Multi-material packaging are used in industries such as FMCG, transportation and logistics, and electronic. Multi-material packaging provides optimal protection for good, whether it is used for transporting liquid or chemicals, hazardous material, fragile electronics, or other high-value product. The increase in demand for e-commerce industry is expected to drive the multi-material packaging. Increase in intercontinental trade and international business is expected to drive the multi-material packaging. The increase in trade between developing economy is influencing the demand for multi-material packaging. It is commonly used for the packaging of fragile goods. The use of multi-material packaging are using advance technologies such as closure techniques and a tracking system for packaged products. It helps to track the product at the time of shipping and results in proper delivery. The multi-material packaging are customized according to the shape, size and nature.

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Multi-material Packaging Market: Dynamic

E-commerce and shipping industries primarily influence the demand for multi-material packaging globally. It is used for the packaging of good, which is to be shipped. It provides safety and protection from external sources such as breakage, moisture, and scratches at the time of transit. The manufacturers of multi-material packaging are focusing on technical development such as closure techniques and a tracking system for packaging products that are reliable and secure. It is expected to increase the demand from bulk product transportation. Increase in demand for online shopping and changing trend for purchasing is expected to drive the demand for multi-material packaging. The world is moving towards digitalization, and the increase in digital marketing is influencing the purchasing desire of the customer which is expected to drive the multi-material packaging market. Trend arising towards high-value product such as advanced electronic gadget, which requires a high layers protective packaging offered by multi-material packaging. The cost of multi-material packaging is comparatively high as compared to single packaging. It is due to the requirement of various packaging product at a certain level. It is commonly used for the packaging of the fragile product and highly valued commodity, which requires rigid and protective packaging. Therefore, the increase in trends for online shopping and shipping facility is expected to drive the global market for multi-material packaging. Multi-material packaging consist of multi layered films, which are manufactured from two or more material fused together with adhesives or wax. It is commonly used in food packaging industry for the packaging of FMCG product.

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Multi-material Packaging Market: Segmentation

The global multi-material packaging market is segmented as follows –

By Film Type, the global multi-material packaging market is segmented into –        

  • Polyethylene (PE)
    • Low Density Polyethylene (LDPE)
    • Linear Low Density Polyethylene (LLDPE)
    • High Density Polyethylene (HDPE)
  • Polypropylene (PP)
  • Polyamide (PA)
  • Ethyl Alcohol (EVOH)
  • Polyethylene Terephthalate (PET)

By Packaging Type, the global multi-material packaging market is segmented into –

  • Flexible packaging
    • Pouches
    • Bags
    • Sachets
    • Bubble  Wraps
  • Rigid packaging
    • Corrugates
    • Papers
    • Foams
  • Others

By End Use, the global multi-material packaging market is segmented into –

  • Pharmaceutical
  • Electric and electronics
  • Food and beverages
  • Medical devices
  • Transportation and logistics
  • E-commerce
  • Others

Multi-material Packaging Market: Regional Outlook

The Asia Pacific is expected to be the most attractive region for the multi-material packaging. It is due to developing economy such as India, and China witness increased Industrialization and an increase in international trade. Increased in disposable income and purchasing power witnessed in this region. North America is also expected to witness a positive outlook towards the multi-material packaging. Due to the standard set by the manufacturers for the packaged product. North Americans population are attracted towards the attractive and advanced packaged product and pay a high value for that product. So the company is focusing on the product with the multi-layered and multi packaged product.  

Recent Developments in the Global Multi-material Packaging Market

  • In July 2017, DS Smith Plc acquired DPF Groupe a manufacturer of multi-material packaging in France. This acquisition will help DS Smith Plc to expand its presence and offerings in France.

Multi-material Packaging Market: Key players

Some of the leading players operating in the global multi-material packaging market are as follows –

  • DS Smith PLC
  • Lacroix Emballages SA
  • Nefab Packaging Inc
  • Mondi PLC
  • AVERY DENNISON CORP
  • Tri-Wall Limited
  • DPF Solutions Group                                                                                               

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Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

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The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

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9. What are some of the value-grab opportunities in various segments?

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