Industrial Packaging Market Is Expected To Reach $112.81 Billion By 2032

Zion Market Research has published a new report titled “Industrial Packaging Market by Product Type (Containers, Drums, Sacks, Pails, and Crates), by Material Type (Metal, Paperboard, Wood, and Plastic), and by End-User (Automotive, Food & Beverages, Plastics & Rubber, Building & Construction, Chemical, Pharmaceuticals, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032”. According to the report, the global industrial packaging market was 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.

Industrial packaging is very different from consumer packaging in terms of size, shape, and functionality. Industrial packaging is widely used in various key industries, such as pharmaceuticals, food and beverages, chemicals, and construction. Industrial packaging generally includes the packaging to protect machinery or large tools, corrugated boxes, big cartons, protective films, plastic or fiber drums, wooden boxes, and specialized pallets. 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.

Browse the full “Industrial Packaging Market by Product Type (Containers, Drums, Sacks, Pails, and Crates), by Material Type (Metal, Paperboard, Wood, and Plastic), and by End-User (Automotive, Food & Beverages, Plastics & Rubber, Building & Construction, Chemical, Pharmaceuticals, and Others), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2024 – 2032” Report at https://www.zionmarketresearch.com/report/industrial-packaging-market

The global industrial packaging market is classified on the basis of product type, material type, and end-user. 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.

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
• The Middle East and Africa

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