Global Industrial Packaging Market: Development of Bio-Degradable Packaging Products Enhancing the Market Promotion Rate

Industrial Packaging Market

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.

Access Full Report at https://www.databridgemarketresearch.com/reports/global-industrial-packaging-market

The main factors boosting the Industrial Packaging Market are:

  • Growth in food and beverage industry: One of the most significant consumers of industrial packaging products is the food & beverage industry vertical. And with high growth rate experienced by this vertical there has been a directly positive impact on the industrial packaging products. The growing volume of consumption for food & beverages is attributed to the increasing population levels worldwide and with this rate increasing rapidly there is expected to be a continued positive effect on the industrial packaging demands
  • Rising international trading: Another important factor that is expected to have an important impact on the global demands for industrial packaging is the increasing rate of trading activities globally, this growing volume will subsequently enhance the rate of industrial packaging demand and result in a highly positive impact for its demand

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.

Some of Industrial Packaging Market developments are as follows:

  • In September 2019, Berlin Packaging announced that they had acquired Vincap B.V. & Adolfse Packaging B.V. combining together the expertise of chemical & pharmaceutical packaging, food & beverage closures along with having customer-thrilling operations throughout the Northern Europe region. The acquired companies are set to be combined with Berlin’s “Bruni Glass” company helping establish one of the largest distributor for packaging products while adding important product portfolio
  • In June 2018, Greif announced the availability of “GCUBE Shield” for their “GCUBE IBCs” product range. This launch is a testament of the company’s strategy on focusing on innovations and advancements for IBC solutions to deliver the most advanced product range for their customers. The latest innovation is designed to be compliant with all of the different regulations of food & beverages, chemicals and pharmaceuticals industry. “GCUBE Shield” is recyclable having reusable capabilities in various different applications

“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.

Browse in Materials and Packaging Related Reports@ https://www.databridgemarketresearch.com/report-category/materials-and-packaging