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Industrial Packaging Market

Industrial Packaging Market Size, Share & Trends Analysis Report

Industrial Packaging Market Size, Share & Trend Analysis 2029

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Published
Report ID : AIMR 148
Number of pages : 200
Published Date : Apr 2023
Category : Packaging
Delivery Timeline : 48 hrs
PricingPricing

Global Industrial Packaging Market is expected to reach ~USD 114.86 Billion by 2029 with a CAGR of +4.95% over the forecast period.

Scope of Market Report:

Industrial packaging refers to the materials used to protect, store, and transport goods in bulk quantities within the industrial sector. These materials can include containers, pallets, crates, drums, bags, and boxes. Industrial packaging plays a crucial role in ensuring the safety and security of goods during their transportation and storage.

Industrial packaging has a long history that dates back to ancient times when people used various materials like animal skins, leaves, and gourds to store and transport goods. Over time, materials such as clay pots, woven baskets, and wooden crates were introduced, which made it easier to transport goods over long distances. With the rise of the industrial revolution, the demand for more efficient packaging solutions increased, leading to the development of metal containers, corrugated boxes, and plastic bags. Today, industrial packaging has evolved to include a wide range of materials and technologies that cater to the diverse needs of different industries.

Industrial packaging is used in various industries, including chemical, pharmaceuticals, food and beverage, automotive, and construction. In the chemical industry, industrial packaging is used to transport hazardous and non-hazardous chemicals safely. In the pharmaceutical industry, the packaging is used to protect and preserve drugs and medical devices. In the food and beverage industry, packaging is used to keep products fresh and extend their shelf life.

In the automotive industry, packaging is used to transport car parts and components. In the construction industry, packaging is used to transport heavy equipment and materials to construction sites. The end-users of industrial packaging include manufacturers, distributors, wholesalers, and retailers who use industrial packaging to transport and store their products.

COVID-19 Impact:

The COVID-19 pandemic has had both positive and negative impacts on the industrial packaging market. On the positive side, the demand for industrial packaging has increased due to the rise in e-commerce and the need for safe and secure packaging for essential goods. The pandemic has also led to the development of new packaging solutions, such as antimicrobial packaging, to prevent the spread of the virus. However, on the negative side, the pandemic has disrupted global supply chains and manufacturing operations, leading to a shortage of raw materials and production delays.

As of February 27th, 2023, there have been over 459 million confirmed cases of COVID-19 worldwide, with over 6.1 million deaths. The pandemic has had a significant impact on the global economy, with several industries, including industrial packaging, experiencing disruptions.

 

Key Market Players:

Some major key players for the global Industrial Packaging market report cover prominent players like

  • Amcor Limited
  • Berry Global Inc.
  • Greif Inc.
  • International Paper Company
  • Mondi Group
  • Smurfit Kappa Group
  • Sealed Air Corporation
  • WestRock Company
  • Bemis Company Inc.
  • DS Smith Plc
  • Nefab Group
  • Huhtamaki Oyj
  • Sonoco Products Company
  • Crown Holdings Inc.
  • AptarGroup Inc.
  • Coveris Holdings SA
  • RPC Group Plc
  • Grief Brothers Corporation
  • Menasha Corporation
  • PaperWorks Industries Inc.
  • Pratt Industries Inc.
  • Graphic Packaging International LLC
  • Georgia-Pacific LLC
  • Landaal Packaging Systems
  • Accutech Packaging Inc.
  • TricorBraun Inc.
  • CDF Corporation
  • Silgan Holdings Inc.
  • Tekni-Plex Inc.
  • Schutz Container Systems Inc.
  • Buckhorn Inc.
  • IPL Plastics Inc.
  • Rehrig Pacific Company
  • Exal Corporation
  • Graham Packaging Company L.P.
  • Berlin Packaging LLC
  • Alpha Packaging Inc.
  • Encase Ltd
  • Kloeckner Pentaplast Group
  • Anderson Packaging Inc.
  • VPK Packaging Group
  • Mauser Packaging Solutions
  • Consol Glass (Pty) Ltd
  • Anchor Packaging Inc.
  • Container Corporation of Canada
  • Delta Plastics of the South LLC
  • Keystone Paper & Box Company Inc.
  • Premier Packaging Products
  • Phoenix Packaging Operations LLC
  • North Pacific Paper Company (NORPAC).

Segmentation:

By Product Type:

  • Drums
  • Intermediate Bulk Containers (IBC)
  • Snacks
  • Pails
  • Crates
  • Bottles
  • Folding Cartons
  • Cans
  • Others

By Material:

  • Metal
  • Plastic
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Polyester
    • Polyvinyl Chloride (PVC)
    • Polyvinylidene Chloride (PVDC)
    • Polyamides (PA Or Nylon)
    • Polycarbonate (PC)
    • Polyethylene Terephthalate
    • Others
  • Cardboard
    • Carton Board
    • Corrugated Board
  • Paper
    • Kraft Paper
    • Bleached Paper
    • Greaseproof And Glassine
    • Waxed Paper
    • Others
  • Wooden
  • Fiber
  • Glass

By Packaging:

  • Rigid Packaging
  • Flexible Packaging

By Application:

  • Automotive
  • Food and Beverage
  • Chemicals and Pharmaceuticals
  • Oil and Gas and Petrochemicals
  • Building and Construction
  • Other End-user Industries

By Regional & Country Level:

  • North America

    • S.
    • Canada
  • Europe

    • K.
    • France
    • Germany
    • Italy
  • Asia Pacific

    • China
    • Japan
    • India
    • Southeast Asia
  • Latin America

    • Brazil
    • Mexico
  • Middle East and Africa

    • GCC
    • Africa
    • Rest of Middle East and Africa

North America:

North America is a significant market for industrial packaging, with the United States and Canada being the major contributors to the market growth. The market is expected to witness steady growth due to the increasing demand for sustainable and eco-friendly packaging solutions, as well as the growth of the e-commerce industry. For example, according to the Sustainable Packaging Coalition, sustainable packaging makes up 29.3% of the packaging market in North America. And a survey by Trivium Packaging found that 87% of North American consumers believe that it is important for brands to use sustainable packaging.

Europe:

Europe is a significant market for industrial packaging, with a high level of innovation and the adoption of new technologies. The demand for sustainable packaging solutions is growing in Europe, with consumers increasingly concerned about the environmental impact of packaging materials. The European Union has set a target to recycle 55% of all plastic packaging waste by 2030, up from the current rate of 31%, as part of its Circular Economy Action Plan. A survey by Trivium Packaging found that 84% of European consumers believe that it is important for brands to use sustainable packaging.

The industrial packaging market in Europe is highly competitive, with a number of major players including Amcor, Berry Global, and Mondi Group.

Revenue Generation Model:

The revenue generation model for industrial packaging includes the sale of packaging materials, as well as the design and customization of packaging solutions for specific industries and customers.

Supply Chain Analysis:

The supply chain model for industrial packaging includes the production and distribution of packaging materials, as well as the transportation and storage of goods. The supply chain model also includes the recycling and disposal of packaging materials after use.

Value Chain Analysis:

The value chain model for industrial packaging includes the design and development of packaging solutions, as well as the manufacturing and distribution of packaging materials. The value chain model also includes the marketing and sales of packaging solutions, as well as after-sales support and services.

Market Drivers:

Growth in industrial manufacturing: The growth of industrial manufacturing activities across the globe is driving the demand for industrial packaging as it is necessary for the storage and transportation of industrial products. However, according to the United Nations Industrial Development Organization (UNIDO), global manufacturing value-added (MVA) increased by 3.5% in 2021, after a decline of 5.0% in 2020 due to the COVID-19 pandemic. And the International Energy Agency (IEA) predicts that global industrial production will increase by 4.4% in 2022, driven by the economic recovery from the COVID-19 pandemic and government stimulus programs.

Increase in international trade: The increase in international trade is driving the demand for industrial packaging as it is necessary for the safe and secure transportation of goods across borders. For example, according to the World Trade Organization (WTO), global merchandise trade volume increased by 21.6% in Q3 2021 compared to the same period in 2020, indicating a rebound in international trade after the COVID-19 pandemic. The WTO predicts that global merchandise trade volume will increase by 8.0% in 2021, after a decline of 5.3% in 2020 due to the COVID-19 pandemic.

Market Restraints:

Volatility in raw material prices: The volatility in raw material prices is a significant restraining factor for the industrial packaging market. The prices of raw materials used in the production of industrial packaging solutions, such as plastics, paper, and metal, are highly volatile and subject to fluctuations in the global commodity markets.

However, the Ellen MacArthur Foundation estimates that the current plastic packaging system generates around $80-120 billion in losses every year due to its negative environmental impact. According to a survey by McKinsey, 70% of consumers consider environmental sustainability when making purchasing decisions, and over 60% are willing to pay a premium for sustainable products.

Shift towards alternative packaging solutions: The shift towards alternative packaging solutions, such as reusable and biodegradable packaging, can impact the growth of the industrial packaging market. According to a survey by Packaging Europe, 72% of European consumers are willing to pay more for products with sustainable packaging, which includes biodegradable packaging.

Opportunity Factors For The Industrial Packaging Market:

The industrial packaging market is driven by several opportunity factors, including the growing demand for sustainable and eco-friendly packaging solutions, increasing awareness about the importance of efficient packaging, and the rising demand for high-performance packaging materials. Additionally, the increasing globalization of trade has led to a surge in demand for industrial packaging, as goods need to be transported over long distances.

Market Trend:

Product And Technology Development:

One of the significant trends in the industrial packaging market is the development of innovative packaging solutions that are eco-friendly and sustainable. There is a growing demand for packaging materials that are biodegradable, compostable, and recyclable. Additionally, there is a trend towards the use of high-performance materials such as plastics and metals, which offer better protection and durability.

Customer Trends:

Customers are increasingly looking for packaging solutions that are customizable, cost-effective, and efficient. There is also a growing demand for packaging materials that are easy to handle, transport, and store. Customers are also looking for packaging solutions that are eco-friendly and sustainable, as there is increasing awareness about the impact of packaging waste on the environment.

Market Competition Nature:

Competition in the industrial packaging market is fierce, with a large number of players competing for market share. Key players in the market include Amcor PLC, Bemis Company, Inc., International Paper Company, Mondi PLC, Sealed Air Corporation, Sonoco Products Company, Smurfit Kappa Group PLC, and WestRock Company, among others.

To maintain their competitive edge and expand their market share, these players are adopting various strategies such as mergers and acquisitions, partnerships and collaborations, and new product launches. For example:

  • In October 2021, Amcor announced the acquisition of the US-based packaging company, Bemis, in a deal worth $6.8 billion. This acquisition has allowed Amcor to expand its product portfolio and geographic reach.
  • In March 2021, Smurfit Kappa launched a new range of packaging solutions called Better Planet Packaging. These solutions are made from sustainable materials and are designed to be fully recyclable or biodegradable.
  • In February 2021, Mondi announced a partnership with Reckitt Benckiser to develop a fully recyclable packaging solution for the company's air care products. This partnership has allowed Mondi to showcase its expertise in sustainable packaging solutions.
  • In May 2020, Sealed Air launched a new line of plant-based packaging solutions called Pregis Renew. These solutions are made from renewable resources such as sugarcane and are designed to be fully recyclable.

Key Benefits of Global Industrial Packaging Market Report–

  • Global Industrial Packaging Market report covers in-depth historical and forecast analysis.
  • Global Industrial Packaging Market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and Country Level.
  • Global Industrial Packaging Market report helps to identify opportunities in the marketplace.
  • Global Industrial Packaging Market report covers extensive analysis of emerging trends and competitive landscape.
SUMMARY
VishalSawant
Vishal Sawant
Business Development
vishal@brandessenceresearch.com
+91 8830 254 358
Segmentation
Segments

By Product Type:

  • Drums
  • Intermediate Bulk Containers (IBC)
  • Snacks
  • Pails
  • Crates
  • Bottles
  • Folding Cartons
  • Cans
  • Others

By Material:

  • Metal
  • Plastic
    • Polyethylene (PE)
    • Polypropylene (PP)
    • Polystyrene (PS)
    • Polyester
    • Polyvinyl Chloride (PVC)
    • Polyvinylidene Chloride (PVDC)
    • Polyamides (PA Or Nylon)
    • Polycarbonate (PC)
    • Polyethylene Terephthalate
    • Others
  • Cardboard
    • Carton Board
    • Corrugated Board
  • Paper
    • Kraft Paper
    • Bleached Paper
    • Greaseproof And Glassine
    • Waxed Paper
    • Others
  • Wooden
  • Fiber
  • Glass

By Packaging:

  • Rigid Packaging
  • Flexible Packaging

By Application:

  • Automotive
  • Food and Beverage
  • Chemicals and Pharmaceuticals
  • Oil and Gas and Petrochemicals
  • Building and Construction
  • Other End-user Industries
Country
Regions and Country

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Sweden
  • Netherlands
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe

Asia-Pacific

  • South Korea
  • Japan
  • China
  • India
  • Australia
  • Philippines
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Rest of APAC

Latin America

  • Mexico
  • Colombia
  • Brazil
  • Argentina
  • Peru
  • Rest of South America

Middle East and Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • South Africa
  • Rest of MEA
Company
Key Players
  • Amcor Limited
  • Berry Global Inc.
  • Greif Inc.
  • International Paper Company
  • Mondi Group
  • Smurfit Kappa Group
  • Sealed Air Corporation
  • WestRock Company
  • Bemis Company Inc.
  • DS Smith Plc
  • Nefab Group
  • Huhtamaki Oyj
  • Sonoco Products Company
  • Crown Holdings Inc.
  • AptarGroup Inc.
  • Coveris Holdings SA
  • RPC Group Plc
  • Grief Brothers Corporation
  • Menasha Corporation
  • PaperWorks Industries Inc.
  • Pratt Industries Inc.
  • Graphic Packaging International LLC
  • Georgia-Pacific LLC
  • Landaal Packaging Systems
  • Accutech Packaging Inc.
  • TricorBraun Inc.
  • CDF Corporation
  • Silgan Holdings Inc.
  • Tekni-Plex Inc.
  • Schutz Container Systems Inc.
  • Buckhorn Inc.
  • IPL Plastics Inc.
  • Rehrig Pacific Company
  • Exal Corporation
  • Graham Packaging Company L.P.
  • Berlin Packaging LLC
  • Alpha Packaging Inc.
  • Encase Ltd
  • Kloeckner Pentaplast Group
  • Anderson Packaging Inc.
  • VPK Packaging Group
  • Mauser Packaging Solutions
  • Consol Glass (Pty) Ltd
  • Anchor Packaging Inc.
  • Container Corporation of Canada
  • Delta Plastics of the South LLC
  • Keystone Paper & Box Company Inc.
  • Premier Packaging Products
  • Phoenix Packaging Operations LLC
  • North Pacific Paper Company (NORPAC).

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