Industrial packaging is described as that category of packaging products developed with the focus of protecting the industrial-grade products and protecting them in the overall industrial shipping stages. This packaging category generally includes rigid packaging material and consists of large-scale contents having significant protective layers and resistance to help in safe transportation and movement of the product over large distances. This packaging method is highly beneficial due to the capability of these products to include large amount of contents in a cost-efficient manner.
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The market is segmented on the basis of product as drums, IBCs, sacks, pails, crates/totes; material as paperboard, plastic, metal, wood, fiber; application as chemical & pharmaceutical, building & construction, food & beverage, oil & lubricant, agriculture & horticulture, others.
“According to Data Bridge Market Research, Global Industrial Packaging Market is expected to reach USD 79216.17 million by 2026, growing at a steady CAGR during the forecast period of 2019 to 2026”
Some of the major players operating in the market are Amcor plc, AmeriGlobe L.L.C., BAG Corp., Bemis Company, Inc., Cascades inc., Greif, International Paper., BWAY Corporation, Mondi, NEFAB GROUP, Orora Packaging Australia Pty Ltd, SCHÜTZ GmbH & Co. KGaA, Sigma Plastics Group, Smurfit Kappa, Sonoco Products Company, WestRock Company, Industrial Packaging, DuPont de Nemours, Inc, IPS Packaging., Esterindustries.com., AMD Industries Limited, DS Smith and others.
With the focus of the consumers on the environment and promotion of environmentally-sustainable methods there has been a need for the manufacturers to adopt more environment-friendly material consumption as well as utilizing green manufacturing methods to ensure that they do not have a negative impact on the environment. This trend has given rise to utilization of biodegradable raw material for developing the packaging products especially the industrial packaging products due to the significant volume of consumption for this category of products. This trend is expected to impact the market players on a wide-scale helping them develop more advanced and innovative product offerings that are in high demand presently.
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