According to the latest report by IMARC Group, “Global Industrial Packaging Market Overview, Size, Share, Growth, Industry Trends, Opportunity and Forecast 2022-2027“, the global industrial packaging market reached a value of US$ 57.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 72.57 Billion by 2027, exhibiting a CAGR of 3.82% during 2022-2027.
Industrial packaging refers to a precise, heavy-duty, customized packing solution for containing, wrapping and securing finished, fast-moving consumer goods (FMCG) during distribution and storage processes. It is produced from different substances, such as fiber, plastic, wood, paperboard and metal, to ensure stability and protection from vibrations and moisture. It also averts the threats from external contamination while ensuring quality and offering personalized branding. Presently, it is available in varying types such as pails, corrugated boxes, drums, protective films and intermediate bulk containers (IBC).
Industrial Packaging Market Trends and Drivers:
One of the primary factors driving the market is the significant adoption of industrial packaging in the personal care, pharmaceuticals, cosmetics and food and beverages (F&B) industries due to the rise in the demand for productive packaging solutions. These packaging solutions help maintain quality, avoid damage and extend product shelf-life.
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Additionally, the distribution of various contemporary technologies by manufacturing companies for producing recyclable aluminum cans and pouches in various types of strength, densities and thickness is propelling the market growth. Furthermore, the transition of the customers toward e-commerce and online shopping platforms on account of the outbreak of the coronavirus disease (COVID-19) pandemic is another major growth-inducing factor.
Moreover, the extensive application of low-density polythene (LDPE), polypropylene (PP) and polyvinyl chloride (PVC) based plastic packaging in various industries are catalyzing the market growth. In line with this, strategic alliances among the key market players for producing personalized packs for showcasing brand identity, communicating and marketing their products and services are also contributing to the market growth.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Industrial Packaging Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Amcor plc, Berry Global Inc., DS Smith PLC, Global-Pak Inc., Greif Inc., International Paper Company, Mondi plc, Nefab AB, Orora Limited, Smurfit Kappa Group plc, Sonoco Products Company and Westrock Company.
The report has segmented the market on the basis of region, product, material and application.
Breakup by Product:
- Intermediate Bulk Containers (IBCs)
Breakup by Material:
The Breakup by Application:
- Chemical and Pharmaceutical
- Building and Construction
- Food and Beverage
- Oil and Lubricant
- Agriculture and Horticulture
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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