Global Industrial Packaging Market – Industry Trends and Forecast to 2030

Industrial Packaging Market Analysis and Size

Nowadays, recyclable and sustainable packaging solutions are finding growing applications in industrial packaging because of low environmental impact, growing focus on recyclability and sustainability, and an increasing ban on plastic. Apart from this, strategic collaborations between major market players for introducing personalized packs for exhibiting communication, brand identity, and marketing their products and services contribute to the market's growth.

Data Bridge Market Research analyses that the industrial packaging market is expected to reach USD 21.46 billion by 2030, which was USD 14.19 billion in 2022, registering a CAGR of 5.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Industrial Packaging Market Scope and Segmentation

Market Definition

Industrial packaging is a system of producing packaging solutions for goods and is mainly designed for industrial purposes. Many products are stored, packed, and shipped on a large scale and need strong protection. Industrial packaging comprises heavy-duty packaging, mainly used as a primary packaging layer in industrial and manufacturing facilities.

Industrial Packaging Market Dynamics

Drivers

• Increasing demand for food products

Increasing demand for food products is anticipated to drive the growth of the industrial packaging market during the forecast period globally. Demand for packaged foods is growing because of changing consumer preferences, food storage, and governmental regulations. Packaging materials play a vital role in supporting the food industry by assuring the safe handling and storage of food goods. Therefore, increasing demand for food products will likely drive the growth of the industrial packaging market.

• The growing emergence of recyclable and sustainable packaging materials

Sustainable packaging is an excellent investment and a healthier environmental choice. Concerns over the recycling and safe handling of packaging materials have encouraged the implementation of new legislation and policies requiring businesses to recover their packaging materials. Now, the majority of the necessities that are mandated are voluntary. However, there is a persistent push for tighter recyclable and sustainable packaging legislation. Companies such as Coca-Cola and Walmart have focused on sustainable packaging because it is becoming a progressively lucrative transformation. Therefore, increasing the emergence of recyclable and sustainable packaging materials will drive market growth.

Opportunities

• Growing technological advancements in the industrial packaging sector

Technological advancement is the major factor that is gaining high popularity in the industrial packaging market. Artificial intelligence is aiding firms to employ algorithms and computers to produce better packaging solutions. For instance, DHL Supply Chain announced an on-demand packaging option to clients in 2022 to make shipments ecologically and more cost-effective. The AI-powered OptiCarton technology will help to make individual shipments more profitable or lessen the carbon impact. Therefore, increasing technological advancements in industrial packaging will create ample market growth opportunities.

• Rising usage of recycling materials for industrial packaging

Growing demand for recyclability in packaging products encourages manufacturers to opt for recyclable packaging, which is expected to create ample opportunities for market growth in the coming years. Growing awareness regarding the disadvantages of plastic consumption, its negative effect on the environment, and its non-disposable property leads to the increasing demand for eco-friendly products all over the globe. This is a major factor creating growth opportunities for the market players.

Restraints/ Challenges

• High cost of raw materials

The downstream products of crude oil, such as polyethylene, polystyrene, EPS Styrofoam, and polyurethane, are often used as raw materials in the production of the insulated packaging. The cost of packaging raw materials is affected by the fluctuations in the price of crude oil. Thus, the growth of the industrial packaging market will be hampered by the volatility in crude oil prices, which is anticipated to be a major challenge for the manufacturers within the market during the forecast period.

• Increasing concerns regarding environmental pollution

There is increasing environmental concern all over the globe because many industries, such as pharmaceuticals and food and beverages, demand bulk packaging, which generates large amounts of waste. This is expected to hamper the global industrial packaging market growth.

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, geographic expansions, technological innovations in the market. To gain more info on the 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.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Industrial Packaging Market Scope

The industrial packaging market is segmented on the basis of product, material, packaging type, technology, and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Drums
• IBCs
• Sacks
• Pails
• Crates/ Totes
• Totes
• Corrugated Box
• Others
• Pallets
• Wrap Films
• Wrapping Strips
• Flexible Packaging

Material

• Paper
• Kraft
• Bleached
• Greaseproof and Glassine
• Waxed Paper
• Others
• Cardboard
• Carton Board
• Corrugated Board
• Others
• Plastic
• Polyethylene (PE)
• Polypropylene (PP)
• Polystyrene (PS)
• Polyester
• Polyvinyl chloride (PVC)
• Polyvinylidene chloride (PVDC)
•  Polyamides (PA or nylon)
• Polycarbonate (PC)
•  Polyethylene terephthalate
• Others
• Metal
• Steel
• Aluminum
• Tin
• Chromium
• Others
• Wood
• Fiber

Packaging type

• Flexible
• Rigid

Technology

• Injection Molding
• Blow Molding
• Extrusion
• Thermoforming

 Application

• Chemical
• Pharmaceutical
• Building and Construction
• Food and Beverage
• Petrochemical
• Automotive
• Personal Care and Cosmetics
• Building and Construction
• Electronics
• Agriculture
• Furniture
• Textile
• Metal
• Others

Industrial Packaging Market Regional Analysis/Insights

The industrial packaging market is analysed and market size insights and trends are provided by country, product, material, packaging type, technology and application as referenced above.

The countries covered in the industrial packaging market report are 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 and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa

North America is expected to dominate the industrial packaging market owing to a developed economy and strong transport and delivery infrastructures in this region. Furthermore, increasing robotic systems for packages will further boost the market growth in this region.

Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 because of the increasing demand for ready-to-eat and continence food products in this region. Moreover, growing OEM and drug production will further boost the market growth in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 the industrial packaging market.

Some of the major players operating in the industrial packaging market are:

• DS Smith (U.K.)
• Mondi (U.K.)
• International Paper (U.S.)
• Sonoco Products Company (U.S.)
• Sealed Air (U.S.)
• Huhtamäki Oyj (Finland)
• Smurfit Kappa (Ireland)
• WestRock Company (U.S.)
• UFP Technologies Inc.(U.S.)
• Stora Enso (Finland)
• Pregis LLC (U.S.)
• Shenzhen Hoichow Packing Manufacturing Ltd. (China)
• Dordan Manufacturing Company (U.S.)
• Hangzhou Xunda Packaging Co. (China)
• Mosburger GmbH (Austria)
• Universal Protective Packaging Inc (U.S.)
• Parksons Packaging Ltd (India)
• Neenah Paper and Packaging (U.S.)
• Plastic Ingenuity (U.S.
• JJX-Packaging (U.S.)

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