Global Industrial Packaging Market Forecast to 2030
The Industrial Packaging Market study was developed as a result of extensive primary and secondary research, qualitative analysis, and quantitative analysis of significant market segments. Business experts have also acknowledged and verified the clever information. The report's objective is to provide more details on the general market environment for lead-free piezoelectric ceramic materials.
According to the most recent analysis by Emergen Research, the size of the worldwide industrial packaging market reached USD 61.48 billion in 2021 and is projected to grow at a revenue CAGR of 4.6% during the forecast period. Some of the key reasons propelling market revenue development include the optimisation of shipping container size, expanding industrial packaging use due to a demand for large online orders of various products, and the requirement for more durable packaging for particular items and products.
Many different items are packaged in bulk, transported, and stored, and some of them need sturdy packaging to guard against deterioration, contamination, and environmental exposure. Industrial packaging consists of specialised, robust packaging that is perfect for enhancing protection when moving or shipping goods, as well as when they are being stored or delivered. Major variables influencing revenue growth include increased emphasis on guaranteeing bulk product safety, preventing damage and potential losses, and discouraging theft or tampering. Industrial packaging is frequently used in production facilities or other industrial settings to package new machinery, electrical components, accessories, parts, and components, as well as bulk packing of related goods for delivery and transportation.
However, recycling and rising environmental concerns regarding disposal of industrial packaging waste and some materials such as plastics used in the industry are expected to hamper market revenue growth to some extent during the forecast period. Also, some materials such as wood may not be the best for transporting certain products. Wood can develop fungal or bacterial growth if untreated or old, and if being reused. Also, hard and rough surfaces may not be kind to products such as vegetables and fruits. These are some factors that are resulting in reluctance to use some low-cost industrial packaging options, which is restraining market revenue growth.
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Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share. The report provides insightful information about recent mergers and acquisitions, product launches, collaborations, joint ventures, partnerships, agreements, and government deals.
Key Companies Profiled in the Report:
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
Market Dynamics:
The report offers insightful information about the market dynamics of the Industrial Packaging market. It offers SWOT analysis, PESTEL analysis, and Porter’s Five Forces analysis to present a better understanding of the Industrial Packaging market, competitive landscape, factors affecting it, and to predict the growth of the industry. It also offers the impact of various market factors along with the effects of the regulatory framework on the growth of the Industrial Packaging market.
Radical Highlights of the Industrial Packaging Market Report:
- Comprehensive overview of the Industrial Packaging market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Industrial Packaging market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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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.
Industrial Packaging Market Segmentation:
Market Overview:
The report bifurcates the Industrial Packaging market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.
Segments Covered in this report are:
- 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
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 Industrial Packaging Market report is an exhaustive database that will help readers formulate lucrative strategies. The Industrial Packaging Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
How will this Report Benefit you?
A 250-page report from Emergen Research includes 194 tables and 189 charts and graphics. Anyone in need of commercial, in-depth assessments for the global Industrial Packaging market, as well as comprehensive market segment analysis, can benefit from our new study. You can assess the whole regional and global market for Industrial Packaging with the aid of our recent study. To increase market share, obtain financial analysis of the whole market and its various segments. We think there are significant prospects in this industry for rapidly expanding energy storage technology. Look at how you may utilise the current and potential revenue-generating prospects in this sector. The research will also assist you in making better strategic decisions, enabling you to build growth strategies, strengthen competitor analysis, and increase business productivity.
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