Global Industrial Packaging Market Forecast to 2030

The Industrial Packaging Market Study was developed as a result of extensive primary and secondary research, qualitative analysis, and quantitative analysis of significant market segments. Business experts have also acknowledged and verified the clever information. The report's objective is to provide more details on the general market environment for Industrial Packaging.

The global industrial packaging market reached USD 61.48 billion in 2021 and is expected to register a revenue CAGR of 4.6% during the forecast period, according to the latest analysis by Emergen Research. Optimization of shipping container size, increasing adoption of industrial packaging due to rising preference for bulk online orders of various products, and the need for more robust packaging for specific items and products are some major factors driving market revenue growth.

A wide variety of products are packaged in bulk, shipped, and stored, and a number of products require robust packaging to prevent damage, contamination, and exposure to the elements. Industrial packaging includes specialized, heavy-duty packaging that is ideal for enhanced protection during transport, shipping, and while products are in storage or delivered. Increasing focus on ensuring bulk product safety, deterring pilferage or tampering, and preventing damage and potential losses are major factors driving revenue growth. Industrial packaging is widely used in manufacturing plants or industrial facilities to package new equipment, electrical components, accessories, parts and components, and bulk packaging of similar products for transportation and delivery. Industrial packaging is also used at any phase through the supply chain, depending on the products, type of product, weather conditions, and/or mode of transportation, shipping, and delivery. Increasing demand and supply of products such as lubricants, oils, chemicals, and others is driving the need for more robust, sturdy, and, most importantly, safe packaging to ensure safe passage along the supply chain.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Industrial Packaging market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Greif, Inc., Sonoco Products Company, Berry Global Inc., Amcor plc, Mondi, WestRock Company, Orora Packaging Australia Pty Ltd., BWAY Corporation, Snyder Industries, and Chem-Tainer Industries

Research Report on the Industrial Packaging Market Addresses the Following Key Questions:

• Who are the dominant players of the Industrial Packaging market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Industrial Packaging market?
• What are the key growth drivers and restraining factors of the Industrial Packaging market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Industrial Packaging market and its key segments?

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Some Key Highlights from the Report

• By product type, the corrugated boxes segment accounted for largest revenue share in 2021. Corrugated boxes are widely preferred across a wide variety of end-use applications and sectors, including food beverages, pharmaceutical, and automotive industries, among numerous others. High preference due to simple solution, low-cost, and lightweight properties are key factors expected to continue to drive revenue growth of the segment going ahead.
• By application, the food beverage segment accounted for largest revenue share in 2021, owing to bulk stocking by a number of panicked consumers during the COVID-19 pandemic. Essential commodities such as Fast-moving Consumer Goods (FMCG), packaged meals, and fresh food via e-Commerce platforms witnessed a rapid rise, and this was true even for bulk ordering. In addition, increasing number of companies and individuals making bulk purchases online is expected to support revenue growth of this segment.
• Industrial packaging market in North America is expected to register a significantly fast revenue CAGR over the forecast period as major market players in industrial packaging such as Amcor Ltd., Mondi PLC, and others, are investing in Research and Development (RD) and innovation in more innovative industrial materials and techniques.

Market Overview:

The report bifurcates the Industrial Packaging market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Segments Covered in this report are:

• Product Type Outlook (Revenue, USD Billion; 2019–2030)
• Drums
• Intermediate Bulk Container (IBC)
• Sacks
• Pails
• Crates
• Corrugated Boxes
• Others

• Technology Outlook (Revenue, USD Billion; 2019–2030)
• Injection Molding
• Extrusion
• Blow Molding
• Thermoforming
• Others

• Application Outlook (Revenue, USD Billion; 2019–2030)
• Chemical
• Pharmaceutical
• Food Beverage
• Building Construction
• Automotive
• Oil Lubricant
• Others

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Regional Landscape section of the Industrial Packaging report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

How will this Report Benefit you?

A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Industrial Packaging market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Industrial Packaging with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.

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