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.
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.
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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.
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.
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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
