Industrial Packaging Market Size, Industry Share, Growth, Upcoming Trends and Forecast by 2022-27
According to the latest report by IMARC Group, "Global Industrial Packaging Market 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 represents the specific and customized packing solutions that are designed for containing, wrapping, and sealing finished fast-moving consumer goods (FMCG) during storage and distribution procedures. These packages are generally manufactured using various materials, such as metal, plastic, paperboard, fiber, wood, etc., for ensuring stability by securing bulky products from vibrations and moisture. Industrial packaging assists in maintaining quality, eliminating the risk of external contamination, avoiding damage, extending product shelf-life, enabling personalized branding, etc. Consequently, it finds wide-ranging applications across several sectors, including food and beverage (F&B), personal care, construction, etc.
Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Industrial Packaging Market Trends and Drivers:
The rising consumer inclination towards online shopping and e-commerce platforms, on account of the sudden outbreak of the COVID-19 pandemic, is primarily driving the industrial packaging market.
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Additionally, the growing adoption of polyvinyl chloride (PVC), low-density polyethylene (LDPE), and polypropylene (PP)-based plastic materials in various industrial verticals, owing to their low resistance to acids and bases, cost-effectiveness, easy production processes, etc., is further stimulating the market growth.
Besides this, the escalating demand for effective packaging solutions to ensure the quality, safety, and efficacy of products is acting as another significant growth-inducing factor. Moreover, the increasing utilization of numerous advanced technologies by the leading manufacturers for producing recyclable pouches and aluminum cans in varying types of thickness, density, strength, etc., is anticipated to fuel the industrial packaging market over the forecasted period.
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:
Competitive Landscape:
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)
· Sacks
· Drums
· Pails
· Others
Breakup by Material:
· Paperboard
· Plastic
· Metal
· Wood
· Fiber
Breakup by Application:
· Chemical and Pharmaceutical
· Building and Construction
· Food and Beverage
· Oil and Lubricant
· Agriculture and Horticulture
· Others
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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