Industrial Packaging Market 2020-2026

Global Industrial Packaging Market Size, Share & Trends Analysis Report, By Product (IBCs, Drums, Sacks, Pails, Crates, and Others), By Material (Plastic, Metal, Wood, Paperboard, and Others), By End-User Vertical (Food and Beverage, Chemical and Pharmaceutical, Building and Construction, Automotive, Oil and Gas, and Others) and Forecast, 2020-2026.

The global industrial packaging market is estimated to witness significant growth during the forecast period. Rising global trade is one of the major factors encouraging the demand for industrial packaging. World Trade Organization (WTO) estimated that the global volume of merchandise trade to grow 2.6% in 2019, led by GDP growth of 2.6%. Rising industrial production is the major contributor to increasing foreign trade activities. Government initiatives to accelerate the manufacturing capacity in the country is leading to increasing industrial output. For instance, Make in India and Made in China 2025 are some initiatives by India and China to boost industrial volume and reduce dependency on imports. This, in turn, is encouraging the demand for industrial packaging to protect several industrial products from contaminants and moisture exposure.

Geographically, Asia-Pacific is estimated to witness considerable growth during the forecast period. Expansion of the pharmaceutical and food and beverage industry is contributing to the market growth in the region. As per the India Brand Equity Foundation (IBEF), the Indian food industry has reported potential growth, owing to the increasing contribution to the global food trade. The food sector in the country has emerged owing to its massive ability for value addition, primarily in the food processing sector. The Indian Government is intended to leverage the growth in the food processing sector through reforms including 100% Foreign direct investment (FDI) in the marketing of food products.

In addition, several incentives at the state and central government level and the emerging focus on supply chain infrastructure have observed in the country. The packaging is the foundation of the food processing industry. Different kinds of techniques and methods are used by the processing and packaging industries to transform the food from one stage to another. This, in turn, is contributing to the market growth in the country.

Key players in the market include Amcor plc, Grief, Inc., Mondi plc, Tank Holdings Corp., and Sealed Air Corp. The market players are constantly focusing on gaining potential market share by adopting strategies, including mergers & acquisitions, product launches, partnerships and collaborations. For instance, in January 2020, Sealed Air Corp. revealed a new version of BUBBLE WRAP brand packaging material produced with minimum 90% recycled content. The company’s portfolio of major packaging solutions includes BUBBLE WRAP brand packaging, CRYOVAC brand food packaging, and SEALED AIR brand protective packaging, which together supports a more efficient, safer, food supply chain and protects valuable goods shipped across the globe. In 2018, the company generated $4.7 billion in sales and has nearly 15,500 employees serving customers in 123 countries.

Research Methodology

The market study of the global industrial packaging market is incorporated by extensive primary and secondary research conducted. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook.

In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables the analyst to derive the closest possible figures without any major deviations in the actual number. The analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings authenticity in the reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Authentic public databases
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

• Global Industrial Packaging Market Research and Analysis, By Product
• Global Industrial Packaging Market Research and Analysis, By Material
• Global Industrial Packaging Market Research and Analysis, By End-User Vertical

The Report Covers

• Comprehensive research methodology of the global industrial packaging market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global industrial packaging market.
• Insights about market determinants which are stimulating the global industrial packaging market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.