Global Industrial Packaging Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

Published Date : Aug 2019 | No. of Pages : 140 Pages | Category : Others

The global industrial packaging market size was USD 61.15 billion in 2018 and is expected to reach USD 88.31 billion by 2026, at a CAGR of 5.7% between 2019 and 2026.

The report covers a forecast and an analysis of the industrial packaging market on a global and regional level. The study provides historical information from 2016 to 2018 along with a forecast from 2019 to 2026 based on both volume (K Units) and revenue (USD Billion). The study covers the key drivers and restraints of the industrial packaging market along with their market impact over the forecast period. Furthermore, the study also includes the opportunities accessible within the industrial packaging market on a global level.

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.

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. The Asia Pacific region is projected to be the fastest growing over the forecast timeline, owing to the growing end-user industries, such as chemical, automotive, and food and beverage and the emerging construction industry.

North America is the second largest contributing region in the global industrial packaging market, due to the region’s flourishing food and beverage industry. Additionally, the market players are majorly focusing on technological advancements and product innovations, which is further expected to fuel the industrial packaging market. The U.S. is projected to dominate the regional market in the years ahead, owing to the increasing demand for industrial packaging by the food and beverage industry.

The European industrial packaging market is expected to grow significantly in the upcoming years, due to the increasing industrial packaging usage in food and beverage and pharmaceutical sectors. Italy and Germany are the major European countries in terms of production of packaging machinery. Thus, the increased export of machinery in these countries is likely to enhance the application of industrial packaging, thereby, propelling the industrial packaging market growth.

The Latin American industrial packaging market is expected to grow moderately over the next few years. Brazil is the region’s largest consumer of industrial packaging. The growing food industry of the region and the rising number of emerging mega projects in Brazil are expected to boost the demand for industrial packaging in the construction and infrastructure industry.

The Middle East and Africa are projected to grow steadily with the rising demand for industrial packaging by the construction industry and the increasing innovations witnessed in industrial packaging products.

Some key manufacturers of the global industrial packaging market are 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, and Sigma Plastics Group.

Segmentation:

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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