Industrial Packaging Market Scenario
The global industrial packaging market is expected to rise at a strong 5% CAGR over the forecast period from 2017 to 2023, according to Market Research Future (MRFR). The global industrial packaging market is mainly driven by the growth of the industrial sector in Asia Pacific, which has driven the demand for other infrastructural requirements needed to maintain the connection between the manufacturing plants and the end customer.
Industrial packaging comprises the various types of packaging used to transport manufactured products to the consumer. This includes delivery to the distributor, where the products may be further repackaged for creating a better visual appeal on customers. The increasing demand for fast moving consumer products has been a major driver for the industrial packaging market in recent years, as this has created the need for a stable delivery structure between the manufacturer and distributor.
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The growing demand for packaged food and beverage products is also likely to be a major driver for the global industrial packaging market over the forecast period. Packaged food and beverages are among the class of consumer products that require the most care between the site of manufacture and consumption, as they are perishable and can easily react with environmental contaminants such as oxygen and carbon dioxide. This is likely to remain a major driver for the global industrial packaging market over the forecast period, as the demand for packaged food is likely to grow in urban areas all over the world in the coming years.
The growing consumer electronics industry is also likely to be a major driver for the global industrial packaging market over the forecast period due to the need for secure packaging for consumer electronics, which often contain glass and thus represent a safety hazard if the glass were to break. The growing demand for products such as smartphones, washing machines, and television sets is thus likely to be a major driver for the global industrial packaging market over the forecast period.
Leading players in the global industrial packaging market include
- Sealed Air Corporation
- Schoeller Allibert
- AmeriGlobe LLC
- Sonoco Products Company
- NEFAB Group
- Wuxi Sifang Drums Limited Company
- Sigma Plastics Group
- Mauser Group
- Orora Limited
- Bemis Company Inc.
- International Paper Company
- WestRock Company
- Amcor Limited
- Mondi plc
- Greif Inc.
In June 2019, Balmer Lawrie opened a new industrial packaging plant for steel drums in Gujarat, India. The plant is mainly intended to serve the growing chemical industry in the state in the coming years.
Industrial Packaging Market Segmentation
The global industrial packaging market is segmented on the basis of packaging type, product type, material, end user, and region.
By packaging type, the global industrial packaging market is segmented into flexible and rigid packaging. The flexible packaging segment is expected to dominate the global industrial packaging market over the forecast period due to the growing demand for transporting pliable products such as fresh and frozen food.
Based on product type, the global industrial packaging market is segmented into bags, boxes, sacks, barrels, tanks, and others. The boxes segment is the dominant revenue generator in the global industrial packaging market and is likely to dominate the market over the forecast period due to the ease of making boxes into the desired size and the ability to use boxes for packaging a wide variety of industrial products.
By material, the global industrial packaging market is segmented into plastic, metal, paper, and wood. Plastic is likely to remain the dominant material segment in the global industrial packaging market over the forecast period due to the growing use of plastic packaging in the industrial sector.
By end use, the global industrial packaging market is segmented into chemicals and pharmaceuticals, food and beverage, construction, electronics, and others. The chemicals and pharmaceuticals sector is the major revenue generator in the global industrial packaging market due to the high risk of environmental contamination in chemical and pharmaceutical products, which can often be highly reactive.
Asia Pacific is likely to remain the largest regional market for industrial packaging over the forecast period due to the rapid growth of the industrial sector in this region over the last two decades and the growing demand for electronics, infrastructure, and other consumer products.
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Table Of Content
1. Report Prologue
2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Prescribed Health Apps Market
Figure 3 Segmentation Market Dynamics For Prescribed Health Apps Market
Figure 4 Global Prescribed Health Apps Market Share, By Type 2016
Figure 5 Global Prescribed Health Apps Market Share, By Devices 2016
Figure 6 Global Prescribed Health Apps Market Share, By End Users, 2016
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