Global Industrial Packaging Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Industrial packaging refers to the packaging that is used to deliver the goods from producer to consumer and is used for packaging of industrial products by using various packaging techniques to increase overall productivity. 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 across the globe. Industrial packaging is widely used in cosmetics, pharmaceuticals, logistics, transportation, food and beverages, construction, home appliances and other end-user industries.

Global Industrial Packaging Market Segments Size & Growth:

Global Industrial Packaging Market size is projected to reach approximately $93.26 billion by the end of 2024 with a CAGR of close to 5.5% from $54.95 billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the Global 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.

Global Industrial Packaging Market Segments Share:

Global 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 to have the highest CAGR during the forecast period owing to its characteristics include lightweight and easily movable, and crates segment contributes 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 segment is anticipated to grow at the highest CAGR during the forecast period owing to the increasing use of the chemical in the manufacturing industry and other industrial applications.

By Geography, Asia Pacific contributes the largest market share owing to the low labour costs, excellent industrialisation, emerging economic conditions, stable scenarios of the government, excellent hold on industries include construction, automotive and chemical. Rise in building & construction activities in majority of the emerging economies especially in India and China, rise in food & beverages industry to meet the demand of growing population, and the rapid growth of exports, which requires superior packaging standards for the international market, are the major factors that drive the market growth during the forecast period.

Global Industrial Packaging Market Trends:

• Cool Touch is one of Amcor’s specialised, high-performance materials for industrial applications. The 3D ornamental formable aluminium sheeting applied to injection moulded plastic is designed to deliver the luxury look and appearance of real metal, with the design freedom of thinner materials for decorative applications.
• Bemis Company, Inc. recently launched Calypso, an innovation platform for improved foil lidding.

• Grief’s first sustainable multilayer 10-liter plastic jerry cans made from a renewable resource, sugarcane, with a stackable design that eliminates the need for a carton during transport.

Global Industrial Packaging Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Global Industrial Packaging Market are:

• Grief, Inc.
• Bemis Company, Inc.
• Mondi PLC
• Orora Limited
• Amcor Limited

Along with these companies, there were many other companies considered/cited in the report while analysing the global industrial packaging market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.