Industrial Packaging Market size was valued at US$ 63.11 Bn. in 2022 and the total revenue is expected to grow at 4.5% through 2023 to 2029, reaching US$ 85.89 Bn.
Industrial Packaging Market Report Scope and Research Methodology
The qualitative and quantitative data collected by primary research resources, free and paid databases, surveys, Google forms, etc. is further analysed by tools such as SWOT and PESTLE analysis to understand the Industrial Packaging market.
Industrial Packaging Market Overview
The report insights about top players, market size, share, key drivers, challenges, opportunities, competitive landscape, market attractiveness analysis, new product launches, technological innovations, and growth contributors which helps to analyse the Industrial Packaging Market.
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Industrial Packaging Market Regional Insights
A regional analysis typically includes a precise examination of market trends, competitive landscape, consumer behaviour, and regulatory environment in each region.
Industrial Packaging Market Segmentation
The industrial packaging industry is anticipated to have the largest market by product type for corrugated boxes. mainly due to the inexpensive cost, light weight, and widespread availability of corrugated boxes. And these boxes are filled with information on company branding. Because it makes a firm appear more professional, custom branding is a great approach to win over customers. Stronger than cardboard boxes are corrugated boxes.
When handling and shipping any goods, they serve as a steady and safe environment. The purpose of a corrugated box is to protect the products from moisture and microorganisms. The fact that corrugated boxes are manufactured using 70 to 100% recycled materials and that the industry produces eco-friendly green packaging materials is the main driver of their growth. One of the most recyclable materials on the globe, corrugated boxes can also be folded and stored for later use. This is an important aspect of corrugated box packing. For more protection, corrugated boxes can be constructed in a wide range of sizes and with double, single, or even triple walls. Numerous things can be packed in corrugated boxes.
Plastic is one of the key raw materials by material type, and it is extensively employed in the packaging sector. Polypropylene and polyethylene are two synthetic polymers that are used to make the plastic packaging. Plastic is the most practical material because it is flexible, light, affordable, simple to handle, and damage-resistant. Numerous plastics can be flexible, heat- and chemical-resistant, safe for food, translucent, opaque, and have other practical qualities. Thus, plastics are the perfect packaging material for a variety of contemporary needs. It becomes exceedingly difficult to move and use a large variety of things people rely on every day without plastic packaging to suit all these needs.
Through application, According to projections, the industrial packaging market's largest segment will be the food and beverage segment. The industrial packaging market is significantly impacted by the growing consumer demand for packaged goods as a result of changing eating patterns and lifestyles.
Food packaging is intended to protect food products from dangerous chemicals, particles, and bacteria as well as to facilitate convenient transportation of commodities. Additionally, food packaging enables food labeling and label construction, including information about ingredients or any lows and regulations.
The type of food will determine the material; most food packaging is made of glass, cardboard, metal, or plastic. The size and nature of the food goods will also affect the type of packaging used.
1 Global Industrial Packaging Market, by Product Type (2023-2029)
• Drums
• IBCs
• Sacks
• Crates
• Pails
• Corrugated Boxes
• Other
2 Global Industrial Packaging Market, by Material Type (2023-2029)
• Plastic
• Woods
• Metal
• Paperboard
3 Global Industrial Packaging Market, by Applications (2023-2029)
• Food & Beverages
• Automation
• Pharmaceuticals
• Chemicals
• Oil & Lubrication
• Building & Construction
• Other
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Industrial Packaging Market Key Players
1. Greif Inc.
2. Amcor
3. Berry Global Inc.
4. Mondi
5. Sonoco
6. International Paper
7. Orora Limited
8. Sigma Plastics Group
9. Stora Enso
10. Constantia Flexible
11. Plastipak
12. Tetra Pak International
13. DS Smith
14. Crown Holding, Inc
15. ExxonMobil Chemical
16. Coveris Group
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Key questions answered in Industrial Packaging Market are:
- What is the Industrial Packaging market size of the dominating region?
- What was the Industrial Packaging market size in 2022?
- What is the expected Industrial Packaging market size by 2029?
- What is the growth rate of the Industrial Packaging Market?
- Which are the factors expected to drive the Industrial Packaging market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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