Industrial Packaging Market Forecasts to 2028 – Global Analysis By Product (Drums, Tubes, Containers, Bottles, Cans, Bags), End User (Agriculture Automotive, Electronics, Food & Beverage, Pharmaceutical, Retail) and By Geography
According to Stratistics MRC, the Global Industrial Packaging Market is accounted for $58.80 billion in 2020 and is expected to reach $95.86 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Factors such as increasing import & export activities, growing building & construction activities, and high consumer income are driving the market growth. However, fluctuations in raw material prices are hampering the growth of the market.
Industrial packaging is utilized to transport goods from the producer to the consumer. It is different from other types of packaging in thickness, strength, and the level of protection it provides for extended storage. It conserves the products and secures it from external contamination.
Based on the product, the corrugated boxes segment is anticipated to expand at a rapid pace during the forecast period owing to the growing demand for this product type across various applications in food & beverage, pharmaceutical and automotive industries. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing working population as well as rising domestic demand for ready-to-eat food products.
Some of the key players profiled in the Industrial Packaging Market include Amcor Limited, Mondi PLC, Sonoco Products Company, International Paper Company, Sealed Air Corporation, Bemis Company Inc, Sigma Plastics Group, Greif Inc, WestRock Company, Orora Limited, Mauser Group , Schoeller Allibert, AmeriGlobe LLC , NEFAB Group, and Wuxi Sifang Drums Limited Company.
• Paper & Cardboard
• Intermediate Bulk Containers (IBCs)
• Corrugated Boxes
• Folding Cartons
• Pressure Vessels
• Other Products
End Users Covered:
• Agriculture & Horticulture
• Food & Beverage
• Chemical and Petrochemicals
• Oil and Gas
• Building & Construction
• Personal Care & Cosmetics
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
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