Industrial Packaging Market is Anticipated to Reach USD 96.01 billion by 2032, at a CAGR of 5.50%

The industrial packaging market was valued at USD 59.3 billion in 2022. The Industrial Packaging market industry is projected to grow from USD 62.56 Billion in 2023 to USD 96.01 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2023 – 2032). The growth of the industrial packaging market will be highly reliant on end-use industries. As per the present trends, the demand for the pharmaceutical industry and food and beverages is growing very quickly, and in order, the demand for packaging is also increasing.

The epidemic has affected most of the market’s manufacturing, emerging, creation, and logistic parts. The industrial packaging market also witnessed a bearable reduction in its growth proportion as most packaging for agriculture, chemicals, and other aspects observed a substantial deterioration in their demand. But some factors have also driven support for packaging manufacturing. Owing to lockdown limitations, people are not permitted to go outside, so they are switching to online podiums to order daily necessities, increasing demand for the majority of industrial packaging services and solutions. Governments of extremely impacted nations have ordered the food industries to increase their creation to ignore lack and continuous supply. All companies trying to manage the government orders are asking for additional industrial packaging materials. The pharmaceutical and healthcare businesses are replying to this epidemic disaster very well, raising the demand for industrial packaging goods.

The progress in import and export events across the globe is one of the main factors operating the market’s growth. There is also the use of distribution containers to offer protection to the industrial gear, which can be transported from one place to another with comfort. The other factors operating the market growth also consist of an upsurge in building and construction activities and an increase in international interchange. 

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Market Segmentation

The performance of several market segments is expected to lead to a significant increase in the market share for industrial packaging. The food and beverage segment will experience the fastest growth overall during the forecasted period. Fear of lockdowns, panic buying, and bulk stocking are the elements driving end-user enterprises that purchase everyday necessities to increase their need for industrial packaging services and products. The market is divided into the following categories based on several criteria for an amplification use:

Flexible and rigid packaging types are available.

There are four different types of materials: metal, plastic, paper, and wood.

It has bags, crates, sacks, tanks, and barrels based on the products.

Chemicals, electronics, food & drinks, chemicals & medicines are all categorised based on the end user.

Regional analysis

The industrial packaging market is working mainly in 3 regions of the world Asia Pacific, Europe, North America, and others. For the rising industrialization and urbanization, Asia Pacific is the biggest market and might witness substantial growth over the estimated period. The increase in customer expenditure and the implementation new living style are the aspects that will donate to the direction of the progress of the industrial packaging market in the Asia Pacific region. Due to the rise in export and import activities, North America is expected to be the second-largest industrial packaging solutions and services market. The burden of a North American free-trade agreement will further raise the market’s progress. Due to strong demand for industrial packaging in the medicinal industry and food and beverages, the Europe market will have the third biggest share. 

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Key Players

Greif Inc., Mondi plc, Amcor Limited, WestRock Company, International Paper Company, Orora Limited, Mauser Group, Wuxi Sifang Drums Limited Company, NEFAB GROUP, Sonoco Products Company

Recent Development

September 2020:Mauser Packaging Solutions has expanded its presence in Italy by acquiring EuroVeneta Fusti through a joint venture with NCG-Maider. This acquisition will allow the company to offer a wider range of products and services, including plastic industrial packaging, steel drum packaging, and reconditioning IBC services, in the Italian market.

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Table Of Contents

1 Executive Summary
2 Market Introduction
3 Market Research Methodology
4 Market Dynamics Of Global Industrial Packaging Market
5 Market Factor Analysis Of Global Industrial Packaging Market
6. Global Industrial Packaging Market, By Type
7. Global Industrial Packaging Market, By End-Use Industry
8. Global Industrial Packaging Market, By Region
9. Company Landscape

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