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Industrial Packaging Market By Type (Drums, IBCs, Sacks, Crates, Pails, Corrugated boxes, Others (Include pallets, wrap films, wrapping strips, and flexible packaging materials) By Material (Plastic, Wood, Metal, Paperboard) By Application (Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others (Include rubber & plastic, agricultural, and metal fabrication) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global industrial packaging market report explores the critical analysis of the industrial packaging industry using key parameters. The report consists of investment strategies, the need for investments in the industrial packaging industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the industrial packaging industry and how economic and non-economic barriers are helping the industrial packaging market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis. Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.


Key Highlights of the report

How are the major segments performing in the Industrial packaging market?

  • In 2021, the plastic segment accounted for the largest share of the market as it is increasingly becoming common to replace heavy metal cans with lightweight aluminum cans due to their durability and lightweight
  • In 2021, the corrugated boxes segment was anticipated to hold a prominent share in the global industrial packaging market. It is believed that an increase in the need for lightweight packaging solutions has contributed to the increase in demand for corrugated boxes.
  • In 2021, the food and beverages segment was anticipated to have a leading position in the global industrial packaging market as the food and beverage industry is influenced by factors such as the rapid increase in population and urbanization, resulting in global supply chains and retail markets.

Which region dominated the Industrial Packaging Market?

In 2021, the Asia Pacific region was anticipated to hold a prominent share in the global industrial packaging market. Bulk packaging products have witnessed steady demand from major consuming countries, including China and India, generating strong production and consumption. Aside from leading countries (such as China and India), Singapore, Hong Kong, and New Zealand are experiencing strong market growth because of their efficient labor markets, excellent infrastructure, and efficient transportation systems.

What is the competitive environment of the Industrial Packaging Market?

The industrial packaging industry's competitive environment provides information on the entire economic profit made by suppliers and businesses, the sales and revenues created in this sector, the industrial packaging market share globally, the business organization summary, the introduction of new products, and the opportunities for the industrial packaging market. For instance, in September 2020, The company acquired EuroVeneta Fusti through a joint venture NCG-Maider in Italy. By acquiring EuroVeneta Fusti, Maxus Packaging Solutions will expand its presence in Italy and its offering of plastic industrial packaging, steel drum packaging, and IBC reconditioning services in Italy. Furthermore, in July 2020, Consumer packs are now available in 1-piece format from Mauser Packaging Solutions. 

Executive Summary

What are all technical developments being developed in the Industrial Packaging Market?

As a result of rapid R&D around the world, technological advancements are predicted to drive the industrial packaging market during the forecast period. A notable example is the manufacture of bioplastics from sugar derivatives like starch, cellulose, and lactic acid. Among the strategies used are technologies launched by key players in the global market. A Mauser customer event in Heidelberg, Germany, recently showcased the new skINliner barrier technology. By combining multilayer plastic film technology (e.g., against hydrocarbons and oxygen) with rigid packaging, Mauser skINliner barrier technology offers advanced barrier properties. Reusability and recyclability are encouraged through the modular packaging design.

Which are the key investments by the Industrial Packaging Market players?

Leading players operating in the industrial packaging market are focusing on expansion in production capacities for industrial packaging. Apart from this, players are concentrating on strategic mergers and acquisitions, collaborations and creating awareness among investors via different associations formed. For instance, in April 2020, in order to expand its intermediate bulk container (IBC) reconditioning network in North America, Greif, Inc. acquired a minority stake in Centurion Container LLC. This development in Centurion Container LLC will strengthen the company's IBC reconditioning and IBC storage operations.

Some major players in the industrial packaging market are Greif, Inc., Sonoco, Berry Global Inc., Amcor, Mondi, International Paper, Westrock Company, Orora Limited, Mauser Packaging Solutions, Sigma Plastics Group, Taihua Group, Snyder Industries, Ven Pack, Chem-Tainer Industries, B.A.G. Corp., Myers Container, Ameriglobe LLC, Wuxi Sifang Group Co., Ltd, Composite Containers, LLC, and Cleveland Steel Container Corporation.

What are the Major Driving Factors for the Industrial Packaging Market?

A major factor driving the growth of the industrial packaging market is the increase in modern retailing worldwide. In addition to the increase in the use of this packaging for storing and transporting bulk liquids and granulated substances like solvents, chemicals, industrial equipment, food ingredients, and pharmaceuticals, the market's growth is accelerated by the growing number of resources and products transported across multiple regions. The market is influenced by the rise in demand for industrial packaging from construction and chemical industries, globalization, and international trade, along with high optimization in pack size. Further, plastic bags are in high demand, retail outlets are increasing, the healthcare and pharmaceutical sectors are increasing, industrialization is accelerating, and consumer goods are in high demand.

What are the Major Risks for the Industrial Packaging Market?

Naphtha and ethylene, the basic materials used to manufacture polypropylene, are primarily derived from crude oil and natural gas. Various challenges have faced the polypropylene market and manufacturers, such as the availability of raw materials, fluctuations in demand, and pricing volatility. Raw material costs are increasing, leading to vendors increasing their product prices or reducing their profit margins, negatively impacting the market growth.

Which is the key type in the Industrial Packaging market?

The corrugated boxes segment is expected to hold a prominent share in global industrial packaging during the forecast period. Revenue growth in this segment is expected to be supported by the rising demand from many sectors, including food and beverages, pharmaceuticals, and automobiles. In addition to their structural strength, corrugated boxes have excellent cushioning properties, making them an excellent packaging material for lightweight items. In comparison with other forms of packaging, corrugated packaging offers unique benefits, such as the ability to customize corrugated boxes to meet specific business needs. It is ideal for packaging various items in corrugated boxes, as they are adaptable to transport and protect fragile and delicate goods. They come in various sizes and shapes, offering excellent protection for a wide range of items. A corrugated box is made of kraft paper that can be repurposed, repulped, turned into recyclable items, and therefore help reduce the environmental impact. Various benefits make corrugated boxes a popular product type in the packaging industry. In addition to being easy to transport, corrugated boxes have ready-to-pack benefits that require no assembly. Once industrial products are packaged into corrugated boxes, they can be shipped. With the convenience and ease of use of corrugated boxes, demand is growing, which is expected to drive revenue growth in the segment over the next few years.

How is the Industrial Packaging market performing in regions?

The Asia Pacific is anticipated to dominate the industrial packaging market. Industrial packaging is expected to grow due to improved global economic conditions, an expanding working population, and rising domestic demand for convenience and ready-to-eat food products. As a result of the functional properties offered by industrial packaging, such as safety, cost-effectiveness, durability, strength, lightweight, environmental friendliness, and logistical convenience, the market for industrial packaging in the Asia Pacific is growing. Industries such as agriculture, automobiles, chemicals, pharmaceuticals, and construction are also growing.

Furthermore, the North American market is anticipated to hold the largest revenue share in the global industrial packaging market during the forecast period. Increased import and export activity will further accelerate the market expansion following implementing of a North American free-trade agreement. The region has developed economies, transport infrastructure, and robotics for package delivery.

What is the regulatory landscape for the Industrial Packaging market?

The European region has experienced consistent revenue growth because strict government regulations do not allow plastic prostheses to be used, in addition to increased consumer awareness about sustainable practices. In addition, regulatory standards are continually changing due to increased environmental concerns.

What is the Market Size of Industrial Packaging regarding value?

  1. The global industrial packaging market is anticipated to grow at a substantial CAGR of 4.50% in the upcoming years. The global Industrial packaging industry was estimated to be worth USD 59.1 billion in 2021 and was expected to be worth USD 76.96 billion by 2028.

What are the major players planning for the future of the Industrial Packaging market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. For instance, in June 2022, DS Smith PLC and Spadel developed a new 5-liter package that combines practicality with sustainability. In collaboration with the respective market leaders who specialize in natural mineral water and sustainable packaging solutions, the Eco Pack was created. Using cardboard and a flexible plastic bag to hold 5 liters of liquid, the octagonal box reduces plastic usage by 65% while also prolonging water's shelf life.

Segmentation of Global Industrial Packaging Market-

Global Industrial Packaging Market – By Type

  • Drums
  • IBCs
  • Sacks
  • Crates
  • Pails
  • Corrugated boxes
  • Others (Include pallets, wrap films, wrapping strips, and flexible packaging materials)

Global Industrial Packaging Market – By Material

  • Plastic
  • Wood
  • Metal
  • Paperboard

 Global Industrial Packaging Market – By Application

  • Food & beverage
  • Automotive
  • Pharmaceutical
  • Chemical
  • Oil & Lubricant
  • Building & Construction
  • Others (Include rubber & plastic, agricultural, and metal fabrication)

Global Industrial Packaging Market – By Region

  • North America
    • Canada
  • Europe
    • Germany
    • France
    • K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of the Middle East and Africa

Frequently asked questions about the global Industrial Packaging market

COVID-19 has had a substantial impact on the market due to the outbreak of the COVID-19 pandemic. Its demand will significantly decline as it is used in bulk packaging for agriculture, construction, chemicals, etc.

The Asia Pacific accounted for the most heightened share in the global industrial packaging market.

During the forecast period, modern retailing will continue to grow, consumers will have higher incomes, and industrial activities will accelerate, especially in emerging economies.

The corrugated boxes segment had a major share in the global market in 2021.

The plastic segment had a major share in the global market.

Report Attribute Details
Market Value in 2021 USD 59.1 billion
Market Value in 2028 USD 76.96 billion
CAGR 4.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Oct 2022
Category:  Packaging
Report ID:   60728
Report Format:   PDF
Pages:   120
Rating:    4.6 (50)
Delivery Time: 24 Hours to 48 Hours   
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