Global Industrial Packaging Market

Global Industrial Packaging Market is anticipated to reach US$ XX Bn by 2026 from US$ XX Bn in 2019 at a CAGR of XX% during the forecast period.

The packaging used for the storage and transport of bulk liquid and granulated substances, such as food ingredients, solvents, chemicals, and pharmaceuticals, and industrial equipment, among others, in large quantities, are considered in the scope of the industrial packaging market. Industrial packaging includes customized packaging that eases supply chain procedures to protect manufactured products from external harsh environments. Industrial packaging materials display enhanced strength and thickness as opposed to other packaging types.

The study includes a detailed market assessment. It does so by in-depth qualitative perspectives, historical evidence, and market size verifiable predictions. Using validated research methodologies and assumptions, the predictions featured in the study have been derived. The research report thus serves as an analysis and information for all aspects of the market, including, regional markets, technologies, by applications.

 

Global Industrial Packaging Market

The report has profiled key players in the market from different regions. However, the report has considered all market leaders, followers, and new entrants with investors while analyzing the market and estimating the size of the same. The manufacturing environment in each region is different and focus is given on the regional impact on the cost of manufacturing, supply chain, availability of raw materials, labor cost, availability of advanced technology, trusted vendors are analyzed and the report has come up with recommendations for a future hot spot in APAC region. Major country’s policies about manufacturing and its impact on market demand are covered in the report.
Global Industrial Packaging Market -Dynamics

Rising globalization and international trade are supporting the industry growth. Growing commercial industries such as chemical, pharmaceutical, construction and electronics sector further propels the demand. The developed economies are the highest producers and consumers of these products. Whereas increasing demand in emerging economies will further drive the industry growth. Also, Emergence of Sustainable and Recyclable Packaging Materials to Drive the Market Growth, Sustainable packaging is proving to be a better option for the environment, in addition to being an excellent investment.

Industrial packaging is majorly differentiated from other types of the packaging in strength, thickness, and the level of the protection provided by it for extended storage. Rise in the construction industry in prominent emerging economies in Asia Pacific, such as, China, India, Japan, and others, coupled with rise in population and evolution in the food & beverages industry is propelling the market. Also,rapid growth in the import & export activities, which involves superior packaging standards for the international market, are the prominent factors which are anticipated to the market growth over the forecast period.

 

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On the other hand, environmental concerns regarding the usage of plastic based packaging is restraining the market, and inclining few manufacturers to shift towards cardboard and wood based non flexible packaging.
Global Industrial Packaging Market -Segment Analysis:

Global Industrial Packaging Market, by Product

• Drums
• IBCs
• Sacks
• Pails
• Crates/Totes

Global Industrial Packaging Market

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On the basis of Product, the sacks segment held the largest market share of XX% in 2019 due to advancement in the construction of multiwall sacks with high burst strength and tear resistance prevents product leakage. Moreover, sacks packaging optimizes cargo space without compromising protection, which has a key impact on the logistics and distribution costs.
Global Industrial Packaging Market, by Material

• Paperboard
• Plastic
• Metal
• Wood
• Fiber

Global Industrial Packaging Market1

On the basis of material, plastic industrial packaging is the most predominantly used material type globally, due to its benefits such as low weight and durability compared to the other materials such as wood and glass. In plastic industrial packaging, the cubic intermediate bulk container (IBC) are more in demand, as they offer the advantage of conserving more space during shipping. Hence Plastic material is dominating a largest growth share of XX%. Over a forecast period,
Global Industrial Packaging Market, by Application

• Chemical & Pharmaceutical
• Building & Construction
• Food & Beverage
• Oil & Lubricant
• Agriculture & Horticulture
• Others
Global Industrial Packaging Market, by region

Global Industrial Packaging Market2

Asia Pacific accounted for a higher market share, registering revenue of US $xx billion in the year 2016

In 2019, Asia-Pacific was the highest revenue contributor to the global market, due to the increased manufacturing activities in the emerging economies, such as India and China, to meet the high demand by the rising population. China dominated the industrial packaging market, in terms of revenue, and accounted for more than half of the industrial packaging market share in Asia-Pacific in 2019.
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Global Industrial Packaging Market3
Global Industrial Packaging Market KEY PLAYERS-

• Sonoco Products Company
• Bemis Company, Inc
• Berry Plastics Group, Inc.
• Novolex – Carlyle Group
• Bischof + Klein SE & Co.
• Coveris Holdings S.A.
• Huhtamäki Oyj
• Cosmo Films Limited
• Reynolds Group Holdings Limited
• Clondalkin Group Holdings BV
• WestRock Company
• International Paper Company
• Orora Limited
• Mauser Group

 

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