Industrial Packaging Market Size, Share, Trends, Growth 2032

Industrial Packaging Industry Prospective:

The global industrial packaging market size was worth around USD 61.88 billion in 2023 and is predicted to grow to around USD 112.81 billion by 2032 with a compound annual growth rate (CAGR) of roughly 6.9% between 2024 and 2032.

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In order to offer the users of this report, a comprehensive view of the industrial packaging market, we have enclosed a detailed value chain analysis. To know the competitive landscape within the market, an analysis of Porter’s Five Forces model for the industrial packaging market has additionally been enclosed. The study includes a market attractiveness analysis, wherein all the segments are benchmarked supported their market size, growth rate, and general attractiveness.

Industrial Packaging Market: Growth Drivers

Industrial packaging involves the packaging of industrial products, to protect them during each manufacturing phase, such as semi-finished and finished products, storage, and transport of spare parts. Moreover, industrial packaging provides protective packaging to various industries for machinery and several other tools.

The global industrial packaging market is expected to grow rapidly in the future, owing to the technological advancements witnessed in the production of industrial packaging solutions. Moreover, rising globalization and international trade are projected to increase the consumption of industrial packaging, thereby, propelling the industrial packaging market growth. Additionally, various flourishing commercial industries, such as chemical, construction, pharmaceutical, and electronics, are expected to further enhance the industrial packaging market.

However, the lack of awareness about industrial packaging is likely to hamper the industrial packaging market growth globally. Conversely, the increasing use of bio-degradable raw materials is projected to offer numerous opportunities to the global industrial packaging market.

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The study also includes the market share of the key participant’s operating in the global industrial packaging market. Additionally, the report covers strategic development together with acquisitions & mergers, agreements, partnerships, collaborations, and joint ventures, and regional growth of key players within the market on a regional basis.

Industrial Packaging Market: Segmentation

The study provides a crucial view of the industrial packaging market by segmenting it based on product type, material type, end-user, and region.

The product type segment of the industrial packaging market is divided into containers, drums, sacks, pails, and crates. Sacks are the most commonly consuming product type and accounted for the largest market share, followed by containers. Sacks are easy to use and lightweight, which makes them generally useful in manufacturing, construction, automotive, and food and beverages industries.

Based on material type, the industrial packaging market is segmented into metal, paperboard, wood, and plastic. In 2018, plastic dominated the global industrial packaging market.

The end-user segment of the industrial packaging market is divided into automotive, plastics and rubber, pharmaceuticals, chemical, food and beverages, building and construction, and others. The food and beverage segment is the largest consumer of industrial packaging, owing to the growing number of food and beverage companies across the globe.

Industrial Packaging Market: Report Scope

Industrial Packaging Market: Regional Analysis

The regional classification includes regions of Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.

In 2018, the Asia Pacific region dominated the global industrial packaging market, followed by North America. The increasing number of manufacturing activities in the emerging countries of Asia Pacific, such as China and India, to fulfill the high demand by the growing population is projected to drive the industrial packaging market growth in the region. Additionally, the consumption of industrial packaging is rapidly increasing in several countries of North America, which is expected to boost the industrial packaging market growth in the region over the forthcoming years.

Industrial Packaging Market: Competitive Analysis

The global industrial packaging market is led by players like:

• Smurfit Kappa
• Wuxi Sifang Drums
• Sealed Air Corporation
• Nefab Group
• Grief
• Amcor Limited
• Sonoco
• Tekni-Films
• AmeriGlobe
• Mondi Group
• WestRock Company
• International Paper
• Orora Group
• Mauser Group
• Bemis Company
• Sigma Plastics Group

This report segments the global industrial packaging market into:

Global Industrial Packaging Market: Product Type Analysis

• Drums
• Containers
• Pails
• Sacks
• Crates

Global Industrial Packaging Market: Material Type Analysis

• Metal
• Paperboard
• Wood
• Plastic

Global Industrial Packaging Market: End-User Analysis

• Automotive
• Food and Beverages
• Building and Construction
• Chemical
• Plastics and Rubber
• Pharmaceuticals
• Others

Global Industrial Packaging Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa