Asia-Pacific Industrial Packaging Market – Share, Outlook, Trends, Size and Forecast (2024

Asia-Pacific Industrial Packaging Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Industrial packaging focuses on the handling convenience & protection during transportation. Packaging is done to achieve aspects including product safety, extended product storage, maintain the quality of product and for other specific applications. Types of packaging are metal, plastic, fibre, paper and others. Industrial packaging involves high standards and quality packaging to meet the market demand on a global level. Industrial packaging is widely used in cosmetics, pharmaceuticals, logistics, transportation, food and beverages, construction, home appliances and other end-user industries.

Asia Pacific Industrial Packaging Market Segments Size & Growth:

Asia Pacific Industrial Packaging Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Asia Pacific Industrial Packaging Market are rising demand for packaging in major Asian markets including India and China, safety regulations, high optimisation in pack size and increased demand for food and packaging transport materials across the globe are the key factors that are driving the market growth. However, Environmental concerns, strict regulations, high input costs, recycling and environmental concerns are the main factor that is hindering the growth of the market. On the other hand, high return on investment is the opportunity that drives the market growth during the forecast period.

Asia Pacific Industrial Packaging Market Segments Share:

Asia Pacific Industrial Packaging Market is segmented by the type which further consists of sacks, drums, pails, crates and others. Among these segments, sacks type segment is anticipated

Asia-Pacific Industrial Packaging Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

to have the highest CAGR during the forecast period owing to its characteristics include lightweight and easily movable, and crates segment contribute the largest market share. Since, these are used for fresh produce products like fruits and vegetables during the harvest, transportation, and storage and wooden crates are most popularly used for packaging heavy goods owing to its good ventilation and be locally manufactured.

By material, the market is further classified into plastic, metal, wood, and paperboard. By packaging, the market is categorised in to rigid and flexible. By application, the market is segmented into food & beverages, oil & lubricants, chemical & pharmaceuticals, automotive, building & construction and others. Among these applications, chemical & pharmaceutical MaschioPack North America

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Asia-Pacific Industrial Packaging Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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