Fast Attack Craft Market Forecasts to 2032 – Global Analysis By Type (Missile-Armed Fast Attack Craft, Non-Missile Armed Fast Attack Craft, Hybrid Fast Attack Craft, Unmanned Fast Attack Craft and Support & Auxiliary Craft), Weapon System, Propulsion Syst

According to Stratistics MRC, the Global Waterproof Packaging Market is accounted for $34.3 billion in 2025 and is expected to reach $52.2 billion by 2032 growing at a CAGR of 6.2% during the forecast period. Waterproof packaging is designed to protect products from moisture, humidity, and liquid exposure, ensuring integrity during storage and transportation. It incorporates specialized materials such as plastic films, laminated coatings, or high-barrier composites to prevent water ingress. Commonly used in food, pharmaceuticals, electronics, and industrial applications, waterproof packaging extends product shelf life and enhances durability. Advances in sustainable materials, including biodegradable and recyclable barriers, are improving environmental impact.

Market Dynamics:

Driver:

Booming e-commerce and online retail

As consumers increasingly rely on digital shopping platforms, businesses are investing in durable packaging solutions to ensure product protection during transit. Waterproof materials help prevent damage caused by moisture, accidental spills, and environmental exposure, enhancing customer satisfaction. Additionally, the rising adoption of omnichannel retail strategies is prompting innovations in packaging technology, leading to the development of highly resistant moisture-barrier solutions tailored for various industries.

Restraint:

Environmental concerns and stringent regulations on plastic use

Governments worldwide are enforcing policies to curb single-use plastics, driving the need for sustainable alternatives. Manufacturers face mounting pressure to comply with evolving guidelines while maintaining cost-effective production. Furthermore, the disposal and recycling of waterproof packaging materials remain complex due to multi-layered compositions, necessitating research into biodegradable and recyclable materials to balance performance with eco-friendly attributes.

Opportunity:

Development of sustainable and eco-friendly waterproof solutions

Companies are increasingly adopting biodegradable films, plant-based coatings, and recyclable composites to align with global sustainability objectives. Advancements in nanotechnology and bio-polymers are improving moisture resistance while minimizing environmental impact. Additionally, regulatory incentives and growing consumer awareness regarding ecological packaging are fueling demand for innovative waterproof solutions, creating market expansion opportunities for brands focusing on green packaging initiatives.

Threat:

Counterfeit and substandard packaging

Inferior waterproof packaging solutions may fail under extreme conditions, leading to damaged goods and customer dissatisfaction. Counterfeit packaging products also compromise brand reputation and consumer trust, particularly in industries such as pharmaceuticals, food, and electronics. As businesses emphasize quality assurance, there is an increasing need for stringent verification measures, improved anti-tampering technologies, and transparent supply chain monitoring to mitigate risks.

Covid-19 Impact:

The pandemic significantly influenced the waterproof packaging market, impacting supply chains and shifting consumer preferences. Initial production slowdowns disrupted material availability, affecting timely product distribution. However, increased demand for secure, moisture-resistant packaging surged, particularly in healthcare, food delivery, and online retail sectors. Additionally, heightened hygiene awareness reinforced the importance of protective packaging, sustaining long-term market growth.

The flexible packaging segment is expected to be the largest during the forecast period

The flexible packaging segment is expected to account for the largest market share during the forecast period driven by its adaptability, lightweight nature, and cost-effectiveness. Packaging formats such as pouches, wraps, and resealable films provide superior moisture resistance, making them ideal for safeguarding sensitive products across industries. Their flexibility allows manufacturers to optimize storage and reduce transportation costs while maintaining durability.

The vacuum packaging segment is expected to have the highest CAGR during the forecast period

Over the forecast period, the vacuum packaging segment is predicted to witness the highest growth rate fueled by its ability to extend product shelf life and maintain quality by eliminating air exposure. Industries such as food, pharmaceuticals, and industrial goods rely on vacuum-sealed packaging to prevent moisture infiltration and contamination, ensuring product integrity. Growing demand for advanced preservation methods in perishable goods has accelerated technological developments in vacuum sealing solutions.

Region with largest share:

During the forecast period, the North America region is expected to hold the largest market share due to its robust e-commerce ecosystem, stringent regulatory standards, and strong demand across healthcare and logistics sectors. Leading packaging manufacturers in the region are focusing on sustainable, high-performance waterproof solutions to comply with environmental policies. Advancements in moisture-resistant coatings and recyclable materials further drive adoption.

Region with highest CAGR:

Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR attributed to industrial expansion, rising consumer awareness, and increasing disposable incomes. Countries such as China, India, and Japan are investing heavily in packaging technology to support growing retail and manufacturing sectors. Government policies promoting eco-friendly packaging further accelerate demand for advanced waterproof solutions.

Key players in the market

Some of the key players in Waterproof Packaging Market include Amcor plc, Mondi Group, Sealed Air Corporation, Sonoco Products Company, WestRock Company, Berry Global Inc., Smurfit Kappa Group, JBM Packaging, Tetra Pak International S.A., DS Smith Plc, Uflex Ltd., Clondalkin Group, AptarGroup, Inc., Winpak Ltd., Bemis Company, Inc., International Paper Company, Constantia Flexibles, and Coveris Holdings S.A.

Key Developments:

In May 2025, Amcor finalized its all-stock merger with Berry Global, creating a global leader in consumer and healthcare packaging solutions. The combined entity aims to enhance value for customers and shareholders through expanded product offerings. This strategic move positions the company for accelerated growth in key markets.

In May 2025, Mondi expanded its re/cycle MailerBAG production capacity at the Krapkowice plant in Poland to meet the growing demand for sustainable eCommerce packaging solutions. The new production line increases output to cater to a wide range of sizes and protection requirements.

In May 2025, WestRock announced the commercialization of its first Virtual Power Purchase Agreement (VPPA) project, marking a significant step in its renewable energy initiatives. This project supports WestRock's commitment to sustainability and reducing its carbon footprint.

Types Covered:
• Flexible Packaging
• Rigid Packaging
• Other Types

Material Types Covered:
• Plastic
• Metal
• Glass
• Paper & Paperboard
• Other Material Types

Technologies Covered:
• Vacuum Packaging
• Modified Atmosphere Packaging (MAP)
• Shrink Wrapping
• Seal Coating
• Laminated Films
• Other Technologies

Applications Covered:
• Frozen Foods
• Seafood & Meat
• Baked Goods & Snacks
• Tablets & Capsules
• Medical Devices
• Consumer Electronics
• Other Applications

End Users Covered:
• Food & Beverages
• Pharmaceuticals & Healthcare
• Electrical & Electronics
• Personal Care & Cosmetics
• Building & Construction
• Chemicals & Fertilizers
• Agriculture
• Logistics & E-commerce
• Other End Users

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Fast Attack Craft Market, By Type
5.1 Introduction
5.2 Missile-Armed Fast Attack Craft
5.3 Non-Missile Armed Fast Attack Craft
5.4 Hybrid Fast Attack Craft
5.5 Unmanned Fast Attack Craft
5.6 Support & Auxiliary Craft
6 Global Fast Attack Craft Market, By Weapon System
6.1 Introduction
6.2 Missile Systems
6.3 Torpedo Systems
6.4 Gun Systems
6.5 Other Weapon Systems
7 Global Fast Attack Craft Market, By Propulsion System
7.1 Introduction
7.2 Diesel Engine
7.3 Gas Turbine
7.4 Hybrid Propulsion
7.5 Other Propulsion Systems
8 Global Fast Attack Craft Market, By Technology
8.1 Introduction
8.2 Electronic Warfare (EW) Systems
8.3 Stealth Technology
8.4 Communication Systems
8.5 Sensor Systems
8.6 Combat Management Systems (CMS)
8.7 Other Technologies
9 Global Fast Attack Craft Market, By Application
9.1 Introduction
9.2 Coastal Defense
9.3 Maritime Security
9.4 Anti-Surface Warfare
9.5 Reconnaissance & Surveillance
9.6 Force Projection
9.7 Search and Rescue (SAR)
9.8 Anti-Smuggling/Law Enforcement
9.9 Other Applications
10 Global Fast Attack Craft Market, By End User
10.1 Introduction
10.2 Navies
10.3 Coast Guards
10.4 Special Operations Forces
11 Global Fast Attack Craft Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 Thales S.A.
13.2 ST Engineering Marine Ltd.
13.3 Northrop Grumman Corporation
13.4 Navantia
13.5 Naval Group
13.6 Mitsubishi Heavy Industries
13.7 Lürssen
13.8 Hanjin Heavy Industries & Construction
13.9 Goa Shipyard Limited
13.10 Garden Reach Shipbuilders & Engineers (GRSE)
13.11 Fincantieri S.p.A.
13.12 Damen Shipyards Group
13.13 CMN Group
13.14 China Shipbuilding Offshore International Co. (CSOC)
13.15 BAE Systems
13.16 Austal Limited
13.17 Huntington Ingalls Industries
List of Tables
Table 1 Global Fast Attack Craft Market Outlook, By Region (2024-2032) ($MN)
Table 2 Global Fast Attack Craft Market Outlook, By Type (2024-2032) ($MN)
Table 3 Global Fast Attack Craft Market Outlook, By Missile-Armed Fast Attack Craft (2024-2032) ($MN)
Table 4 Global Fast Attack Craft Market Outlook, By Non-Missile Armed Fast Attack Craft (2024-2032) ($MN)
Table 5 Global Fast Attack Craft Market Outlook, By Hybrid Fast Attack Craft (2024-2032) ($MN)
Table 6 Global Fast Attack Craft Market Outlook, By Unmanned Fast Attack Craft (2024-2032) ($MN)
Table 7 Global Fast Attack Craft Market Outlook, By Support & Auxiliary Craft (2024-2032) ($MN)
Table 8 Global Fast Attack Craft Market Outlook, By Weapon System (2024-2032) ($MN)
Table 9 Global Fast Attack Craft Market Outlook, By Missile Systems (2024-2032) ($MN)
Table 10 Global Fast Attack Craft Market Outlook, By Torpedo Systems (2024-2032) ($MN)
Table 11 Global Fast Attack Craft Market Outlook, By Gun Systems (2024-2032) ($MN)
Table 12 Global Fast Attack Craft Market Outlook, By Other Weapon Systems (2024-2032) ($MN)
Table 13 Global Fast Attack Craft Market Outlook, By Propulsion System (2024-2032) ($MN)
Table 14 Global Fast Attack Craft Market Outlook, By Diesel Engine (2024-2032) ($MN)
Table 15 Global Fast Attack Craft Market Outlook, By Gas Turbine (2024-2032) ($MN)
Table 16 Global Fast Attack Craft Market Outlook, By Hybrid Propulsion (2024-2032) ($MN)
Table 17 Global Fast Attack Craft Market Outlook, By Other Propulsion Systems (2024-2032) ($MN)
Table 18 Global Fast Attack Craft Market Outlook, By Technology (2024-2032) ($MN)
Table 19 Global Fast Attack Craft Market Outlook, By Electronic Warfare (EW) Systems (2024-2032) ($MN)
Table 20 Global Fast Attack Craft Market Outlook, By Stealth Technology (2024-2032) ($MN)
Table 21 Global Fast Attack Craft Market Outlook, By Communication Systems (2024-2032) ($MN)
Table 22 Global Fast Attack Craft Market Outlook, By Sensor Systems (2024-2032) ($MN)
Table 23 Global Fast Attack Craft Market Outlook, By Combat Management Systems (CMS) (2024-2032) ($MN)
Table 24 Global Fast Attack Craft Market Outlook, By Other Technologies (2024-2032) ($MN)
Table 25 Global Fast Attack Craft Market Outlook, By Application (2024-2032) ($MN)
Table 26 Global Fast Attack Craft Market Outlook, By Coastal Defense (2024-2032) ($MN)
Table 27 Global Fast Attack Craft Market Outlook, By Maritime Security (2024-2032) ($MN)
Table 28 Global Fast Attack Craft Market Outlook, By Anti-Surface Warfare (2024-2032) ($MN)
Table 29 Global Fast Attack Craft Market Outlook, By Reconnaissance & Surveillance (2024-2032) ($MN)
Table 30 Global Fast Attack Craft Market Outlook, By Force Projection (2024-2032) ($MN)
Table 31 Global Fast Attack Craft Market Outlook, By Search and Rescue (SAR) (2024-2032) ($MN)
Table 32 Global Fast Attack Craft Market Outlook, By Anti-Smuggling/Law Enforcement (2024-2032) ($MN)
Table 33 Global Fast Attack Craft Market Outlook, By Other Applications (2024-2032) ($MN)
Table 34 Global Fast Attack Craft Market Outlook, By End User (2024-2032) ($MN)
Table 35 Global Fast Attack Craft Market Outlook, By Navies (2024-2032) ($MN)
Table 36 Global Fast Attack Craft Market Outlook, By Coast Guards (2024-2032) ($MN)
Table 37 Global Fast Attack Craft Market Outlook, By Special Operations Forces (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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