Market Overview
The industrial packaging market is predicted to rise from USD 58.8 billion in 2020 to USD 72,631.80 million by the end of 2030, with a CAGR of 5.50% while the predicted period 2021-2030. 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.
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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.
Market segmentation
By Product
- Drums
- IBCs
- Sacks
- Pails
- Crates/Totes
By Material
- Paperboard
- Plastic
- Metal
- Wood
- Fibre
By Application
- Chemical & Pharmaceutical
- Building & Construction
- Food & Beverage
- Oil & Lubricant
- Agriculture & Horticulture
- Others
By Geography
- North America
- The U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Rest of Asia-Pacific
- LAMA
- Africa
- Middle East
- South & Central America
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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.
Industrial news
In 2021, Mauser Packaging Solutions were delighted to declare the achievement of Global Tank Srl through Joint Venture NCG-Maider in Italy.
The prime players of industrial packaging global market are: –
- Greif Inc. (U.S.)
- Mondi plc (Austria)
- Amcor Limited (Australia)
- WestRock Company (U.S.),
- International Paper Company (U.S.),
- Bemis Company, Inc. (U.S.),
- Orora Limited (Australia)
- Mauser Group (Germany),
- Sigma Plastics Group (U.S.),
- Wuxi Sifang Drums Limited Company (China),
- NEFAB GROUP (Sweden),
- Sonoco Products Company (U.S.),
- AmeriGlobe LLC (U.S.),
- Schoeller Allibert (The Netherlands),
- Sealed Air Corporation (U.S.).
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