Global Industrial Packaging Market, By Product (Drums, IBCs, Sacks, Pails, Crates/ Totes), Material (Paperboard, Plastic, Metal, Wood, Fiber), Application (Chemical & Pharmaceutical, Building & Construction, Food & Beverage, Oil & Lubricant, Agriculture & Horticulture, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The industrial packaging market is expected to witness market growth at a rate of 4.80% in the forecast period of 2021 to 2028 and is expected to reach USD 84.6 billion by 2028. Data Bridge Market Research report on industrial packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the demand in end-use industries is escalating the growth of industrial packaging market.
Industrial packaging refers to the type of packaging that is specially designed for delivering goods to the customers. The main aim of these packaging is protecting goods from being damaged. Some of the common type of the industrial packaging is crates, protective films, Drums, pails and corrugated boxes. This type of packaging is utilized in industries such as food and beverages, building and construction and chemical among others.
The rise in the modern retailing across the globe acts as one of the major factors driving the growth of industrial packaging market. The increase in adoption of this packaging to store and transport bulk liquid and granulated substances such as solvents, chemicals, industrial equipment, food ingredients, and pharmaceuticals and rise in volume of resources and products that are being transported across various regions accelerate the market growth. The increase in demand for industrial packaging from construction and chemical industries, globalization and international trade along with high optimization in pack size further influence the market. Additionally, rise in demand for plastic sacks, increase in retail outlets, increase in demand from healthcare and pharmaceutical sectors, rapid industrialization and high demand of consumer goods positively affect the industrial packaging market. Furthermore, product innovation for industrial packaging extends profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, volatility in raw material prices and presence of stringent packaging regulations are expected to obstruct the market growth. Concerns regarding low ultra-violet resistance of FIBCs and pricing pressure for small manufacturers are projected to challenge the industrial packaging market in the forecast period of 2021-2028.
This industrial packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on industrial packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Industrial Packaging Market Scope and Market Size
The industrial packaging market is segmented on the basis of product, material and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the industrial packaging market is segmented into drums, IBCS, sacks, pails and crates/ totes.
- On the basis of material, the industrial packaging market is segmented into paperboard, plastic, metal, wood and fiber.
- On the basis of application, the industrial packaging market is segmented into chemical & pharmaceutical, building & construction, food & beverage, oil & lubricant, agriculture & horticulture and others.
Global Industrial Packaging Market Country Level Analysis
The industrial packaging market is analyzed and market size, volume information is provided by country, product, material and application as referenced above.
The countries covered in the global industrial packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the industrial packaging market due to the developed economy, transport, and delivery infrastructures, high use of robotic systems for packages and rise in prevalence of chronic disease within the region. Asia-Pacific Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the domestic demand for ready-to-eat & continence food products and economic development in the region.
The country section of the industrial packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Packaging Market Share Analysis
The industrial packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to industrial packaging market.
The major players covered in the industrial packaging market report 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, and DS Smith among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Industrial Packaging Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.