Industrial packaging Companies

Global Industrial Packaging Market Overview

Industrial Packaging Market Size was valued at USD 59.3 billion in 2022. The Industrial Packaging industry is projected to grow from USD 62.56 Billion in 2023 to USD 96.01 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2024 - 2032). The increasing volume of resources and products being transported across various regions and rising demand for sustainable packaging materials from various industries are the key market drivers enhancing the market growth.         

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Packaging Market Trends

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  Increasing import and export activities worldwide are driving the market growth

  
  

Market CAGR for industrial packaging is being driven by import and export activities. The use of shipping containers to ensure the safety of industrial equipment during transportation has also contributed to this growth. Additionally, the rise in international trading and construction and building activities are among the other factors driving the market growth. The market growth is further fueled by the growing demand for practical packaging solutions. This demand is largely due to the need for lightweight and user-friendly packaging, which has led to an increase in demand for corrugated boxes.

Additionally, increase in international trade, the rise in construction activities, the growth of the food and beverage industry, the demand for eco-friendly packaging solutions, the demand for lightweight packaging solutions, and technological advancements attributed to the growth of the industrial packaging market. The increase in international trade has been a significant driver of the industrial packaging market. With ization, more and more businesses are looking to expand their operations across borders. This has resulted in a surge in demand for industrial packaging solutions, which provide safety and protection to goods during transportation, reducing the risk of damage.

The rise in construction activities has also contributed to the growth of the industrial packaging market. The construction industry requires packaging solutions for the transportation and storage of construction materials such as cement, sand, and steel. The industry requires specialized packaging solutions that ensure that the products are transported safely and are not contaminated. The growth of the food and beverage industry has resulted in a surge in demand for packaging solutions that meet their unique needs.

For instance, In the US, the Environmental Protection Agency (EPA) has set regulations for industrial packaging to promote sustainability and reduce waste. The EPA has established guidelines for manufacturers to use environmentally friendly materials and reduce the amount of packaging used. Thus, driving the Industrial Packaging market revenue.

Industrial Packaging Market Segment Insights

Industrial Packaging Type Insights

The Industrial Packaging market segmentation, based on type includes Flexible & Rigid. The flexible segment dominated the market. The increasing demand for convenient and portable packaging solutions and can be easily sealed & resealed, making it an ideal choice for single-serving products, such as snacks and drinks.

Figure 1:  Industrial Packaging Market, by Type, 2022 & 2032 (USD billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Industrial Packaging Material Insights

The Industrial Packaging market segmentation, based on material includes Metal, Plastic, Paper, And Wooden. The plastic category generated the most income. Their versatility, low cost of production, and suitability for a wide range of applications have made them a popular choice for many industries. Also, often less expensive than other packaging materials, such as metal or glass.

Industrial Packaging Regional Insights

By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia Pacific industrial package market area will dominate this market, owing to a combination of factors such as industrialization, an increase in international trade, a rise in e-commerce, growing consumer awareness, government initiatives, and advancements in technology.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: INDUSTRIAL PACKAGING MARKET SHARE BY REGION 2022 (%)

                             Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Industrial Packaging market accounts for the second-largest market share due to the rise of e-commerce & increase in demand for packaging materials. Further, the German Industrial Packaging market held the largest market share, and the UK Industrial Packaging market was the fastest growing market in the European region

The North America Industrial Packaging Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increase in demand for eco-friendly and sustainable packaging materials. Moreover, Canada Industrial Packaging market held the largest market share, and the US Industrial Packaging market was the fastest growing market in the region.

For instance, Flexible Packaging Association (FPA) also shows the growth of the industrial packaging market. According to the FPA's 2021 State of the Industry Report, the flexible packaging market in the United States grew by 4.3% in 2020, with industrial packaging being one of the fastest-growing segments.

Industrial Packaging Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Industrial Packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their  footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Industrial Packaging industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the  Industrial Packaging industry to benefit clients and increase the market sector. In recent years, the Industrial Packaging industry has offered some of the most significant advantages to medicine. Major players in the Industrial Packaging market, including Greif Inc., Mondi plc, Amcor Limited, WestRock Company, International Paper and others, are attempting to increase market demand by investing in research and development operations.

Amcor Limited is a packaging solutions provider with its headquarters in Melbourne, Australia. It offers a wide range of packaging solutions to a variety of industries, including food, beverage, healthcare, personal care, home care, and tobacco. It produces a range of flexible packaging products, including pouches, bags, films, and laminates. These products are used for various applications, such as food and beverage packaging, medical packaging, and personal care packaging. It committed to sustainability and has a dedicated recycling business that processes used packaging materials into new products. It is also a signatory to the Ellen MacArthur Foundation's New Plastics Economy  Commitment, which aims to eliminate plastic waste and pollution. It is a  packaging solutions provider with a diverse range of products and services. It has a strong presence and is well-positioned to benefit from the growing demand for sustainable packaging solutions.

Mondi plc is a leader in packaging and paper production, headquartered in Vienna, Austria, and listed on the London Stock Exchange. It serves a wide range of industries, including packaging and paper, consumer goods, and industrial applications. Its products are used for various applications, such as food and beverage packaging, personal care packaging, and pet food packaging. Also, various types of paper and specialty packaging products, including office paper, specialty kraft paper, and industrial bags. These products are used in various industries, such as construction, agriculture, and chemicals. It promoting a circular economy by recycling and reusing its packaging materials. The company is a signatory to the Ellen MacArthur Foundation's New Plastics Economy Commitment and has set a target to recycle 100% of its plastic packaging by 2025.

Key Companies in the Industrial Packaging market Include

• Greif Inc.


• Mondi plc


• WestRock Company


• Amcor Limited


• International Paper Company


• Orora Limited


• Mauser Group


• Wuxi Sifang Drums Limited Company


• NEFAB GROUP


• Sonoco Products Company

Industrial Packaging Industry Developments

September 2020: Mauser Packaging Solutions has expanded its presence in Italy by acquiring EuroVeneta Fusti through a joint venture with NCG-Maider. This acquisition will allow the company to offer a wider range of products and services, including plastic industrial packaging, steel drum packaging, and reconditioning IBC services, in the Italian market.

July 2020: Mauser Packaging Solutions has introduced a new 1-piece consumer pack, which is suitable for a variety of industries such as home care, candy and confection, pool care, and food products. The pack features an attached, tamper-evident, hinged lid that provides end-users with easy access to the contents of the tub. After use, the package is fully recyclable or can be reused by the consumer. This innovation is designed to provide convenience to the users and reduce waste.

October 2019:Mondi completed the acquisition of Walki Group's Extrusion Coating business, expanding its product offering in flexible packaging. The company also launched several new sustainable packaging solutions, including a fully recyclable stand-up pouch for pet food and a paper-based alternative to plastic shrink wrap.

Industrial Packaging Market Segmentation

Industrial Packaging Materials Outlook

• Metal


• Plastics


• Paper


• Wooden

Industrial Packaging Type Outlook

• Flexible


• Rigid

Industrial Packaging Regional Outlook

• North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America