Industrial packaging is gaining momentum due to innovative packaging solutions and customization available for these, according to customers’ requirements. The global industrial packaging market has been segmented on the basis of type, material, product, and end-user industry. On the basis of packaging type, the global market has been segmented into rigid and flexible.
On the basis of material, the global market has been categorized into metal, plastic, paper and wood. On the basis of packaging type, the global market has been segmented into drums, intermediate bulk containers, crates, sacks and pails. On the basis of end-user industry, the global market has been segmented into chemicals and petrochemicals, agriculture and horticulture, building and construction, oil and lubricants, food and beverages, electronics and others.
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The global industrial packaging market is expected to witness significant growth, during the forecast period, owing to various factors such as growing demand for packaging in APAC, high demand from food and beverages industry, stringent safety regulations, and technological advancements. Proper packaging for safe material handling, storage and transportation is required across various applications, ranging from products of daily use to industrial machinery.
The demand for industrial packaging is increasing on account of growing application in various industries such as chemicals, construction and infrastructure, oil and gas, petrochemicals, automotive, industrial machinery, food and beverages, agriculture and metal fabrication. The high input costs and recycling and environmental concerns are the major challenges being faced by the global industrial packaging market, which are likely to inhibit its growth, during the forecast period.
Asia-Pacific is expected to be the fastest growing region in the global industrial packaging market, during the forecast period. The emerging economies of China, India, Thailand, Malaysia, South Korea and Vietnam are driving the regional industrial packaging market. These countries have significant demand for packaging materials for safe handling, storage and transportation from various industries such as electronics, oil and gas, petrochemicals, automotive, agriculture, chemicals, construction, metal fabrication and food and beverages.
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Some of the key players in the global industrial packaging market include Avery Dennison Corporation, 3M Company, CCL Industries, Inc., Smurfit Kappa Group Plc., Grief Inc, Nefab AB, International Paper Company, SCHÜTZ GmbH & Co. KGaA, Bosch Packaging Technology, H.B. Fuller Co., DUNMORE Corporation and E. I. DuPont de Nemours and Company.
Global Industrial Packaging Market Segmentation
By Packaging Type
- Intermediate bulk containers
By End-User Industry
- Chemical & petrochemicals
- Agriculture & horticulture
- Building & construction
- Oil & lubricants
- Food & beverages
- North America
- The U.S.
- The U.K.
- Rest of Europe
- South Korea
- Rest of APAC
- South America
- Rest of South America
- Rest of the World
This post was originally published on Financial Sector