Industrial Packaging Market An in-depth analysis of the key players and trends in the industry, with a forecast for 2030

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Global Industrial Packaging Market Forecast to 2030

The global industrial packaging market size reached USD 61.48 Billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period, according to latest analysis by Emergen Research. Optimization of shipping container size, increasing adoption of industrial packaging due to rising preference for bulk online orders of various products, and need for more robust packaging for specific items and products are some major factors driving market revenue growth.

The top competitors in the market, their goals for business expansion, and their development strategies are all closely examined in the Industrial Packaging Market report. The archive encourages businesspeople to look up information about potential customers and places where they might be located. The review, which only highlights the greatest sellers, can help entrepreneurs find potential customers and discover more about their local market.

A wide variety of products are packaged in bulk, shipped, and stored and a number of products require robust packaging to prevent damage, contamination, and exposure to the elements. Industrial packaging includes specialized, heavy duty packaging that is ideal for enhanced protection during transporting or shipping, and while products are in storage or delivered. Increasing focus on ensuring bulk product safety, deterring pilferage or tampering, and preventing damage and potential losses are major factors driving revenue growth. Industrial packaging is widely used in manufacturing plants or industrial facilities to package new equipment, electrical components, accessories, parts, and components, as well as bulk packaging of similar products for transportation and delivery. Industrial packaging is also used at any phase of the supply chain, depending on the products, type of product, weather conditions, and/or mode of transportation, shipping, and delivery. Increasing demand and supply of products such as lubricants, oils, chemicals, and others is driving the need for more robust, sturdy, and, importantly, safe packaging to ensure safe passage along the supply chain.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Industrial Packaging market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Greif, Inc., Sonoco Products Company, Berry Global Inc., Amcor plc, Mondi, WestRock Company, Orora Packaging Australia Pty Ltd., BWAY Corporation, Snyder Industries, and Chem-Tainer Industries

Research Report on the Industrial Packaging Market Addresses the Following Key Questions:

Who are the dominant players of the Industrial Packaging market?

Which regional market is anticipated to have a high growth rate over the projected period?

What consumer trends and demands are expected to influence the operations of the market players in the Industrial Packaging market?

What are the key growth drivers and restraining factors of the Industrial Packaging market?

What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?

What is the overall impact of the COVID-19 pandemic on the Industrial Packaging market and its key segments?

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Some Key Highlights from the Report

By product type, the corrugated boxes segment accounted for largest revenue share in 2021. Corrugated boxes are widely preferred across a wide variety of end-use applications and sectors, including food & beverages, pharmaceutical, and automotive industries, among numerous others. High preference due to simple solution, low-cost, and lightweight properties are key factors expected to continue to drive revenue growth of the segment going ahead.

By application, the food & beverage segment accounted for largest revenue share in 2021, owing to bulk stocking by a number of panicked consumers during the COVID-19 pandemic. Essential commodities such as Fast-moving Consumer Goods (FMCG), packaged meals, and fresh food via e-Commerce platforms witnessed a rapid rise, and this was true even for bulk ordering. In addition, increasing number of companies and individuals making bulk purchases online is expected to support revenue growth of this segment.

Industrial packaging market in North America is expected to register a significantly fast revenue CAGR over the forecast period as major market players in industrial packaging such as Amcor Ltd., Mondi PLC, and others, are investing in Research and Development (R&D) and innovation in more innovative industrial materials and techniques.

Market Segmentations of the Industrial Packaging Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2022 and 2030. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Industrial Packaging market on the basis of product, application, and region:

Segments Covered in this report are:

Product Type Outlook (Revenue, USD Billion; 2019–2030)

Drums

Intermediate Bulk Container (IBC)

Sacks

Pails

Crates

Corrugated Boxes

Others

Technology Outlook (Revenue, USD Billion; 2019–2030)

Injection Molding

Extrusion

Blow Molding

Thermoforming

Others

Application Outlook (Revenue, USD Billion; 2019–2030)

Chemical

Pharmaceutical

Food & Beverage

Building & Construction

Automotive

Oil & Lubricant

Others

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Regional Landscape section of the Industrial Packaging report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key reasons to buy the Global Industrial Packaging Market report:

The latest report comprehensively studies the global Industrial Packaging market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.

The report offers an insightful analysis of the regional outlook of the market.

It offers a detailed account of the end-use applications of the products services offered by this industry.

The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Industrial Packaging Market report is an exhaustive database that will help readers formulate lucrative strategies. The Industrial Packaging Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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