The steadfast Industrial Packaging Market report provides estimations about the growth rate and the market value based on market dynamics and growth inducing factors. While preparing this market research report, a few of the attributes that have been adopted include highest level of spirit, practical solutions, committed research and analysis, innovation, integrated approaches, and most up-to-date technology. The report offers wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. Industrial Packaging Market report also assesses the growth rate and the market value based on market dynamics and growth inducing factors.
To craft an international Industrial Packaging Market business report in an outstanding manner, most up-to-date and advanced tools and techniques have been utilized so that client achieves maximum benefits. The report makes available the germane information about certain niche and hence saves a lot of time that may otherwise need to put in for decision making. The company profiles of all the top market players and brands are included in Industrial Packaging Marketing report which puts light on their moves like product launches, product enhancements, joint ventures, mergers and acquisitions and their effect on the sales, import, export, revenue and CAGR values.
Data Bridge Market Research analyses that the industrial packaging market is expected to reach USD 21.46 billion by 2030, which was USD 14.19 billion in 2022, registering a CAGR of 5.30% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Explore Further Details about This Research Industrial Packaging Market Report https://www.databridgemarketresearch.com/reports/global-industrial-packaging-market
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015- 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Product (Drums, IBCs, Sacks, Pails, Crates/ Totes, Totes, Corrugated Box, Others), Material (Paper, Cardboard, Plastic, Metal, Wood, Fiber), Packaging Type (Flexible, Rigid), Technology (Injection Molding, Blow Molding, Extrusion, and Thermoforming), Application (Chemical, Pharmaceutical, Building and Construction, Food and Beverage, Petrochemical, Automotive, Personal Care and Cosmetics, Building and Construction, Electronics, Agriculture, Furniture, Textile, Metal, Others) |
| Countries Covered | U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa |
| Market Players Covered | DS Smith (U.K.), Mondi (U.K.), International Paper (U.S.), Sonoco Products Company (U.S.), Sealed Air (U.S.), Huhtamäki Oyj (Finland), Smurfit Kappa (Ireland), WestRock Company (U.S.), UFP Technologies, Inc. (U.S.), Stora Enso (Finland), Pregis LLC (U.S.), Shenzhen Hoichow Packing Manufacturing Ltd. (China), Dordan Manufacturing Company (U.S.), Hangzhou Xunda Packaging Co. (China), Mosburger GmbH (Austria), Universal Protective Packaging Inc.(U.S.), Parksons Packaging Ltd.(India), Neenah Paper and Packaging (U.S.), Plastic Ingenuity (U.S.), JJX-Packaging (U.S.) |
| Market Opportunities |
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Market Definition
Industrial packaging is a system of producing packaging solutions for goods and is mainly designed for industrial purposes. Many products are stored, packed, and shipped on a large scale and need strong protection. Industrial packaging comprises heavy-duty packaging, mainly used as a primary packaging layer in industrial and manufacturing facilities.
Industrial Packaging Market Dynamics
Drivers
- Increasing demand for food products
Increasing demand for food products is anticipated to drive the growth of the industrial packaging market during the forecast period globally. Demand for packaged foods is growing because of changing consumer preferences, food storage, and governmental regulations. Packaging materials play a vital role in supporting the food industry by assuring the safe handling and storage of food goods. Therefore, increasing demand for food products will likely drive the growth of the industrial packaging market.
- The growing emergence of recyclable and sustainable packaging materials
Sustainable packaging is an excellent investment and a healthier environmental choice. Concerns over the recycling and safe handling of packaging materials have encouraged the implementation of new legislation and policies requiring businesses to recover their packaging materials. Now, the majority of the necessities that are mandated are voluntary. However, there is a persistent push for tighter recyclable and sustainable packaging legislation. Companies such as Coca-Cola and Walmart have focused on sustainable packaging because it is becoming a progressively lucrative transformation. Therefore, increasing the emergence of recyclable and sustainable packaging materials will drive market growth.
Opportunities
- Growing technological advancements in the industrial packaging sector
Technological advancement is the major factor that is gaining high popularity in the industrial packaging market. Artificial intelligence is aiding firms to employ algorithms and computers to produce better packaging solutions. For instance, DHL Supply Chain announced an on-demand packaging option to clients in 2022 to make shipments ecologically and more cost-effective. The AI-powered OptiCarton technology will help to make individual shipments more profitable or lessen the carbon impact. Therefore, increasing technological advancements in industrial packaging will create ample market growth opportunities.
- Rising usage of recycling materials for industrial packaging
Growing demand for recyclability in packaging products encourages manufacturers to opt for recyclable packaging, which is expected to create ample opportunities for market growth in the coming years. Growing awareness regarding the disadvantages of plastic consumption, its negative effect on the environment, and its non-disposable property leads to the increasing demand for eco-friendly products all over the globe. This is a major factor creating growth opportunities for the market players.
Answers That the Report Acknowledges:
- Industrial Packaging Market size and growth rate during forecast period
- Key factors driving the Industrial Packaging Market market
- Key Industrial Packaging Market trends cracking up the growth of the Biscuits Market market
- Challenges to market growth
- Key vendors of Industrial Packaging Market
- Detailed SWOT analysis
- Opportunities and threats faces by the existing vendors in Global Industrial Packaging Market Trending factors influencing the market in the geographical regions
- Strategic initiatives focusing the leading vendors
- PEST analysis of the Industrial Packaging Market in the five major regions
Why choose Data Bridge Market Research?
- Modern technologies, such as artificial intelligence, to provide updated industry growth.
- DBMR team provides clients with the top notch Industrial Packaging Market research report.
- Interaction with research scientists and development heads to understand the nature of the Industrial Packaging Market more precisely.
- 24/7 availability of services.
- Data collection from implementation vendors, service providers, and raw material suppliers to provide a clear perspective with Forecast period.
DBMR team uses very fair means to gather information that is scrutinized at every stage while structuring an influential Industrial Packaging Market size
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