Global Industrial Packaging Market Information by Packaging Type (Flexible & Rigid), by Materials (Metal, Plastic, Paper and Wooden), by Products (Bags, Boxes, Sacks, Barrels, Tanks and Others), by End-User (Food & Beverages, Construction, Chemicals & Pharmaceuticals, Electronics and Others) and by Region – Forecast to 2022
Industrial packaging is the packaging that is used to deliver goods from producer to consumer. Sometimes goods are delivered from manufacturing center to distribution center where they are packaged for the end customers. The growth in the demand for industrial packaging is expected to be driven mainly by the growth in its end-use industries such chemicals, food & beverages and others. Additionally, increase in the export & import activities and the use of container liners further augment the growth of this market. These liners are used for the bulk shipment of goods & commodities. However, stringent rules & regulations may hamper the growth of industrial packaging market.
Industrial packaging market is expected to grow at CAGR of 5% by 2022.
Global Industrial Packaging has very broad market in coming recent years. MRFR analysts has predicted that food & beverages and consumer goods industry are about to grow at a rapid pace, moreover, the speedy rising ecommerce business has also been a growth momentum which means more demand for these industries and in turn for Industrial Packaging.
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Industrial packaging is characterized by high robustness, impact strength, and barrier properties. The product is available in various forms such as bags, boxes, sacks, barrels, and among others. It is of particular importance while transporting goods over long distances courtesy its high strength and sturdiness. Moreover, increase in demand from healthcare, household products, sporting goods and other agricultural products industries will drive global industrial packaging market growth. Shift in trends towards convenient packaging due to lightweight characteristic and ease of use may propel market growth.
Packaging for the industrial sector has many different implications than its consumer packaging counterparts. The quality of the packaging material must be much greater in most cases, as it protects products that are potentially more valuable and sensitive. Another aspect is the choice of packaging material must be much greater, as there are many more needs and factors to consider.
Packaging also plays an important role for portraying information about the product. Outside packaging may contain directions on how to use the product or make the product. The purpose of product packaging is to protect the product from damage. Product packaging not only protects the product during transit from the manufacturer to the retailer, but it also prevents damage while the product sits on retail shelves. Most products have some form of packaging.
Industrial Packaging Market – Competitive Analysis
Industrial Packaging market appears to be competitive with the presence of several large and small players operating in the Industrial Packaging Market. These Key players compete based upon pricing, quality, Technology and reputation. Industrial Packaging market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Industrial Packaging market strive to respond to the growing demand for Industrial Packaging. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
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International Paper Company, Grief Inc., Nefab Group, Mondi Group, Amcor Ltd, Bemis Company Inc., Orora Group, Mauser Group, Sigma Plastics Group and Wuxi Sifang Drums Limited Company are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global industrial packaging market.
- Manufactures Organizations
- Distributors & Suppliers
- Research Institute / Education Institute
- Potential Investors
Industrial Packaging Market – Segments:
Global Industrial Packaging Market is segmented in to five Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Packaging Type: Flexible & Rigid
Segmentation by Materials: Metal, Plastic, Paper and Wooden
Segmentation by Products: Bags, Boxes, Sacks, Barrels, Tanks and Others
Segmentation by End-User: Food & Beverages, Construction, Chemicals & Pharmaceuticals, Electronics and Others
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Industrial Packaging Market – Regional Analysis
The Asia Pacific referred as the largest region for industrial packaging. The growing consumer markets in the Asia offer good opportunities to the packaging industry. Economic development in India and China, along with food & beverages, and pharmaceuticals industry expansion are lucrative factors driving growth. The market will continue to grow in the region for the next four years because APAC is witnessing a rise in nuclear families and demand for convenience and packaged products.
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