Industrial Packaging Market: Global Industry Analysis and Forecast (2023-2029)

Industrial Packaging Market size was valued at US$ 63.11 Bn. in 2022 and the total revenue is expected to grow at 4.5% through 2023 to 2029, reaching US$ 85.89 Bn.
Industrial Packaging Market Overview:
The global Industrial Packaging Market is expected to witness a growth of a CAGof R 4.5% to reach US$ 85.9 Bn. Food, logistics, and growth in the supply chain industry are expected to drive the market. xx% growth of food and beverages industries in ASIA Pacific countries is a key driver of the market and size analysed used in the report.



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Industrial Packaging Market scope

The industrial packaging market is segmented by products (intermediate bulk container (IBC), Snacks, Drums, Pails), by end users’ industry (Automotive, Food & Beverage, Chemicals and Pharmaceuticals, and Building and Constructions & Geography).

The report covers forecast revenue growth at the global, regional, and country level and provide analyses of industry trends and restrains in each segment Besides this, the report analyses factors affecting the market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., restraints, opportunities, drivers, and future trend. The report also provides an exhaustive PORTER, & PEST analysis for all five regions.

Industrial Packaging Research Methodology

The industrial packaging market report collects data from primary and secondary research secondary data has been collected from the internal database, paid sources, annual reports of businesses, news releases from the government, and price databases & many more sources.

Primary interviews have been conducted with key players, industry experts, and consultants across the regions. After acquiring knowledge about the industrial packaging market with the help of secondary research. Several primary interviews have been conducted with market experts from both, demand- and supply-sides across major countries in North America, Asia Pacific, Europe, Middle East and Africa and South America. The primary data has been collected through surveys, emails, and telephonic interviews.

The bottom-up approach was used to estimate and validate the global market. These methods were applied extensively to estimate the sub-segments and market size. Key stages for the market estimation included key players Greif Inc. (US), Amcor (Australia), Berry Global Inc. (US).
Industrial Packaging Market Dynamics:
Easy to Open Packaging

The design of Easy to open packages is flexible for packaging this feature surprising customers with convenience, simple functionality, and eco-friendly. It is a safe open, enjoyable, and sustainable solution for packaging. Because of these advantages easy to open packaging drives market growth.

These easy open packages are customized for thousands of unique package shapes and sizes for both liquid and solid products. Package type includes multi-use bottles, pouches, sachets, trays, and stick packs.

Wipes Packaging Drives the Packaging Market

Packaging is the most important factor in wipes to keep wipes fresh, clean, hygienic, and healthy. Wet wipes packages, baby wipes, hand cleansing wipes, and facial wipes are all types of wipes packages.

This wipes packaging material offers high-performing water and oxygen barrier properties with transparency, improves the shelf life of the package, and at the same time protects against gases, water vapour, and aromas.

Self-heating packaging witnessed market growth

Self-heating packages are the major key driver of packaging market growth. They are heat up food without requiring external heat sources like fire or hot water. These pouches are single-use only and it contains food-grade iron, magnesium powder, and salt. Nestle UK started the self-heating cans for the prepared coffee project in 2001the company was looking to target the on-the-go customers with these cans. Another project was initiated by On Tech, which launched Hillside Beverages in 2004 in self-heating cans.

There are some advantages of self-heating packages self-heating packages are designed for people who are always on the run. They are safe and ready to use, also it is disposal with household trash and they can be recycled. The key factor of self-heating packages is light in weight and portable and easy to fit in backpacks.



The Growing Environmental Concerns All over the World are Hampering the Industrial Packaging Market Growth

Plastic packaging is harmful and it’s a high impact on the economy this is happed due to poor product design and lack of infrastructure the majority of plastic waste is sent to dispose of into the environment. 9.2 billion tons of plastic have been produced, out of, which only 9% have been recycled. Plastic pollution threatens wildlife, alters ecosystems, and poses risks to human health. Reducing the production of plastic packaging decrease the chance of such damage.

Moreover, plastic waste that is sent to landfills is ultimately incinerated to make room for more incoming waste. Burning plastic discharges toxic pollutants and irritants into the air we breathe. Reducing the amount of plastic waste sent to landfills can dramatically increase air quality around the world.
Industrial Packaging Market Segment Analysis:
By Product type, the corrugated boxes segment is projected to be the largest market in the industrial packaging market. Because corrugated boxes are low cost, low weight, and one of the most easily available. And these boxes are help full for company branding, custom branding is a great way to impress customers because it looks more professional in the business. Corrugated boxes are stronger than cardboard boxes.

They act as a stable and safe for any product during handling and shipping. A corrugated box is designed to keep moisture and bacteria away from the products. The most important factor for the growth of corrugated boxes is they are made up of 70 to 100% recycled material and the market makes eco-friendly green packaging material. Another key factor of corrugated box packaging is one of the most highly recycled materials on the planet, these boxes can also be folded up and packed away for reuse when needed. Corrugated boxes can be manufactured in a wide variety of sizes and can either be double single, or even triple walled for more protection. Corrugated boxes can be used to pack a lot of different products making them one of the most flexible packaging options in the market today.



By Material Type, Plastic is one of the main raw materials, which is highly used in the packaging industry. The plastic packaging is made up of synthetic polymers like polypropylene and polyethylene. Plastic is the most feasible material as it is flexible, light in weight, cost-effective, easy to handle and it is protected from damage Many types of plastic have different functional properties such as being safe for food, flexible, transparent, opaque, and chemical and heat resistant. Plastics thus are the ideal packaging material for a variety of modern requirements. Without plastic packaging to serve all these needs, it becomes very difficult to transport and utilize a wide range of products people rely on every day.



By Application, The food & beverage segment is projected to be the largest segment in the industrial packaging market. The rising customer demand for packaged products due to eating habits and changing lifestyles has a high impact on the industrial packaging market.

Food packaging is used to allow for easy transport of goods, protect the integrity of food products and ensure food is safe from harmful chemicals, particles, and bacteria also food packaging allows for food labelling and labelling formation such as ingredients or information regarding any lows and regulation.

The material depends on the type of food, most food packaging consists of either glass, cardboard, metal, or plastics, furthermore different types of packaging will depend on the size and nature of food products.

Food packaging plays an important role in preserving food throughout the supply and distribution chain. Without packaging, the processing of food shells is compromised as they may get contaminated with direct contact with physical, chemical, and biological content.in recent years, the development in food packaging systems such as vacuum packaging, Nano packaging, shrink wrap packaging, active packaging, etc. This not only increases the shelf life of food without compromising its safety and quality.

As per the packaging survey packaging protect products from damage, extends the shelf life of food, and promotes the brands to customers this is distributed in primary, secondary, and tertiary food packaging.


Industrial Packaging Market Regional Insights:
The industrial packaging industry movements are remarkably working in 3 major regions of the world Asia Pacific, Europe, North America, and the rest of the world. The Asia Pacific is expected to be the largest market and may observe significant growth over the forecast period. The region including India, china, Japan, China, and South Korea has set several regulations in order to quality and safety of packaging products during the forecast period. Rising population, rising disposable income, and a rise in demand for attractively packaged materials are among the major motivators for the growth of the packaging industry market across the region. Along with this, the considerable presence of end-user industry verticals in the region such as the food industry, pharmaceutical industry, healthcare industry, and cosmetics industry in the region is further aiding the regional market growth.

GPA global, Amcor Ltd., Essel Propack Ltd, Shanghai Forests Packaging Group Co., Ltd., WestRock India Pvt. Ltd., Ester Industries Ltd, Kapco Packaging., OJI India Packaging Pvand t Ltd. among others are the key players operating in the Asia-Pacific packaging industry. The presence of key market players in the region along with their motive to produce high-end packaging solutions is a key factor contributing to the high share of the market in the region. These players operating in the market are adopting several innovative packaging technologies to thrive in the marketplace.

The objective of the report is to present a comprehensive analysis of the Industrial Packaging Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key, including include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
Industrial Packaging Market Scope: Inquire before buying



Global Industrial Packaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 63.40 Bn.


Forecast Period 2023 to 2029 CAGR:
4.3 %
Market Size in 2029:
US $ 85.9 Bn.


 Segments Covered:
by Product Type
Drums
IBCs
Sacks
Crates
Pails
Corrugated Boxes
Others


by Material type
 Plastic
Wood
Metal
Paperboard


by Applications
Food & Beverage
Automotive
Pharmaceutical
Chemical
Oil & Lubricant
Building & Constructions
Other



Industrial Packaging Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Industrial Packaging Market Key Players
1. Greif Inc.
2. Amcor
3. Berry Global Inc.
4. Mondi
5. Sonoco
6. International Paper
7. Orora Limited
8. Sigma Plastics Group
9. Stora Enso
10. Constantia Flexible
11. Plastipak
12. Tetra Pak International
13. DS Smith
14. Crown Holding, Inc
15. ExxonMobil Chemical
16. Coveris Group

Frequently Asked Questions:

1. What is the forecast period considered for the Industrial Packaging Market report?
Ans. The forecast period for the Industrial Packaging Market is 2023-2029.

2. Which key factors are hindering the growth of the Industrial Packaging Market?
Ans. The Growing Environmental Concerns All Over the World Will Hamper the Industrial Packaging Market Growth

3. What is the compound annual growth rate (CAGR) of the Industrial Packaging Market for the forecast period?
Ans. 4.5% is the compound annual growth report of the Industrial Packaging Market.

4. What are the key factors driving the growth of the Industrial Packaging Market?
Ans. Self-heating packages are the major key driver of packaging market growth

5. Which are the worldwide major key players covered for the Industrial Packaging Market report?
Ans. Greif Inc. (US), Amcor (Australia), Berry Global Inc. (US), Mondi (South Africa), Sonoco (US), International Paper (US), Orora Limited (Australia), and Sigma Plastics Group (US), among many other. Are major key players covered in the Industrial Packaging.