The latest research report by Emergen and Research named ‘Global Industrial Packaging Market - Forecast to 2030’, entails a comprehensive review of the global Industrial Packaging market’s present and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
This report is the latest document encompassing the massive changes that took place in the Industrial Packaging market following the emergence of the COVID-19 pandemic. The pandemic has drastically affected the global economic landscape, thereby disrupting the operating mechanism of the Industrial Packaging market. The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment.
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Competitive Terrain:
The global Industrial Packaging market is highly consolidated due to the presence of numerous companies operating across this industry. The report depicts the current market standing of these companies, their past performances, demand and supply graphs, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market. The leading market contenders listed in the report are:
Greif, Inc., Sonoco Products Company, Berry Global Inc., Amcor plc, Mondi, WestRock Company, Orora Packaging Australia Pty Ltd., BWAY Corporation, Snyder Industries, and Chem-Tainer Industries.
Global Industrial Packaging Market Report
Emergen Research has segmented the global industrial packaging market on the basis of product type, technology, application, material, and region:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
Drums
Intermediate Bulk Container (IBC)
Sacks
Pails
Crates
Corrugated Boxes
Others
Technology Outlook (Revenue, USD Billion; 2019–2030)
Injection Molding
Extrusion
Blow Molding
Thermoforming
Others
Application Outlook (Revenue, USD Billion; 2019–2030)
Chemical
Pharmaceutical
Food Beverage
Building Construction
Automotive
Oil Lubricant
Others
Material Outlook (Revenue, USD Billion; 2019–2030)
Plastics
Metal
Wood
Paperboard
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Some Key Highlights from the Report
By product type, the corrugated boxes segment accounted for largest revenue share in 2021. Corrugated boxes are widely preferred across a wide variety of end-use applications and sectors, including food beverages, pharmaceutical, and automotive industries, among numerous others. High preference due to simple solution, low-cost, and lightweight properties are key factors expected to continue to drive revenue growth of the segment going ahead.
By application, the food beverage segment accounted for largest revenue share in 2021, owing to bulk stocking by a number of panicked consumers during the COVID-19 pandemic. Essential commodities such as Fast-moving Consumer Goods (FMCG), packaged meals, and fresh food via e-Commerce platforms witnessed a rapid rise, and this was true even for bulk ordering. In addition, increasing number of companies and individuals making bulk purchases online is expected to support revenue growth of this segment.
Industrial packaging market in North America is expected to register a significantly fast revenue CAGR over the forecast period as major market players in industrial packaging such as Amcor Ltd., Mondi PLC, and others, are investing in Research and Development (RD) and innovation in more innovative industrial materials and techniques.
The report addresses the following key points:
The report estimates the expected market size from 2022-2030
The report provides a forecast of market drivers, restraints, and future opportunities for the Industrial Packaging market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
Regional Segmentation
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Industrial Packaging market including the global and regional analysis of the market. The study covers critical information and factual data about the Industrial Packaging market industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Industrial Packaging market is expected to fare in the forecast timeline. The report utilizes advanced analytical tools to offer an estimation of the outlook of the global state of the Industrial Packaging market industry.
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