IMARC Group, a leading market research company, has recently releases report titled “Industrial Packaging Market Report by Product (Intermediate Bulk Containers (IBCs), Sacks, Drums, Pails, and Others), Material (Paperboard, Plastic, Metal, Wood, Fiber), Application (Chemical and Pharmaceutical, Building and Construction, Food and Beverage, Oil and Lubricant, Agriculture and Horticulture, and Others), and Region 2024-2032”, Offers a comprehensive analysis of the industry, which comprises insights on the global industrial packaging market.
How Big is the Industrial Packaging Market?
The global industrial packaging market size reached US$ 62.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 83.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.
Industry Overview of Industrial Packaging
Industrial packaging refers to the wrapping, boxing, or containment methods used for goods and materials in an industrial setting. It usually consists of materials like plastic, metal, wood, and cardboard. It is designed to protect, handle, transport, and store various types of products in large quantities. It safeguards products against physical damage, corrosion, and environmental factors, such as moisture and temperature fluctuations. It ensures the safety of goods, reducing the risk of loss due to damage. It has enhanced ergonomics and structural integrity to withstand weight and environmental conditions. It improves operational efficiency by streamlining the storage and shipping processes. It facilitates the safe and efficient movement of goods from manufacturers to distributors and eventually to consumers. It offers numerous benefits, including scalability, customization, traceability, waste reduction, and marketability.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/industrial-packaging-market/requestsample
What are the growth prospects and trends in the industrial packaging industry?
At present, the increasing demand for packaged food products due to the increasing hygiene concerns among consumers represents one of the crucial factors impelling the market growth. Additionally, the rising implementation of strict regulations surrounding the transportation and storage of hazardous materials is encouraging the use of specialized industrial packaging that adheres to safety norms. Besides this, the growing advancements in materials science and automation technologies are allowing for more efficient, durable, and cost-effective packaging options.
Moreover, the increasing availability of value-added services by the packaging companies, including just-in-time (JIT) delivery, inventory management, and track-and-trace technologies, is bolstering the market growth. In addition, the rising demand for high-quality packaging products made with anti-corrosive and high-strength materials in the aerospace sector is offering a favorable market outlook.
Furthermore, the growing need for transparency, especially in food and pharmaceutical products among consumers, is influencing the use of packaging integrated with smart labels that meet these expectations. Apart from this, the increasing adoption of industry 4.0 practices, including internet of things (IoT) and big data analytics, is offering customized, real-time solutions in industrial packaging.
Leading Companies Operating in the Global Industrial Packaging Industry:
- Amcor plc
- Berry Global Inc.
- DS Smith PLC
- Global-Pak Inc.
- Greif Inc.
- International Paper Company
- Mondi plc
- Nefab AB
- Orora Limited
- Smurfit Kappa Group plc
- Sonoco Products Company and Westrock Company
Industrial Packaging Market Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product:
- Intermediate Bulk Containers (IBCs)
- Sacks
- Drums
- Pails
- Others
Breakup by Material:
- Paperboard
- Plastic
- Metal
- Wood
- Fiber
Breakup by Application:
- Chemical and Pharmaceutical
- Building and Construction
- Food and Beverage
- Oil and Lubricant
- Agriculture and Horticulture
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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