Industrial packaging Market Share

ID: MRFR/PCM/1365-HCR

111 Pages

Snehal Singh

October 2025

Industrial Packaging Market Research Report By Material Type (Plastic, Metal, Wood, Paper, Glass), By Product Type (Bags, Boxes, Drums, Trays, Containers), By End Use Industry (Food and Beverage, Chemicals, Pharmaceuticals, Electronics, Construction), By Packaging Design (Flexible Packaging, Rigid Packaging, Semi-Rigid Packaging, Active Packaging) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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Summary Table of Contents Segmentation Download PDF

Market Share

Introduction: Navigating the Competitive Landscape of Industrial Packaging

The industrial packaging market is experiencing a major change, driven by technological innovations, new regulatory requirements and a greater demand for efficiency and sustainability. The main players, such as original equipment manufacturers, IT companies and the most advanced artificial intelligence start-ups, are fighting to gain the lead by deploying cutting-edge digital and automation solutions based on AI and the Internet of Things. These technologically based differentiating factors not only help to optimize operational performance, but also to meet the increasingly stringent regulatory requirements and the consumers' demand for sustainable and eco-friendly packaging. Strategic deployments are focusing more and more on green and smart packaging solutions. The major growth markets, particularly in Asia-Pacific and North America, are integrating more and more smart and green solutions. This changing context requires the agility of C-level managers and strategic planners, who must adapt to the new players and align their strategies to seize market shares in the coming years.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive packaging solutions, integrating various technologies and services to meet diverse customer needs.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Amcor	Global leader in sustainable packaging	Flexible and rigid packaging solutions	Global
WestRock	Innovative packaging designs and materials	Paper and packaging solutions	North America, Europe
Berry	Diverse product portfolio and sustainability focus	Plastic packaging solutions	North America, Europe
International Paper	Strong presence in fiber-based packaging	Containerboard and paper products	North America, Europe

Specialized Technology Vendors

These vendors focus on niche technologies and innovations that enhance packaging performance and sustainability.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Sealed Air	Expertise in protective packaging solutions	Bubble wrap and cushioning materials	Global
Mondi Group	Sustainable packaging innovations	Flexible and paper-based packaging	Global
Sappi Group	High-quality paper and packaging solutions	Specialty papers and packaging	Global
Advanced Barrier Extrusions	Advanced barrier technology for packaging	Barrier films and coatings	North America

Infrastructure & Equipment Providers

These vendors supply the machinery and infrastructure necessary for efficient packaging production and processing.

Vendor	Competitive Edge	Solution Focus	Regional Focus
Greif	Strong in industrial packaging solutions	Steel, plastic, and fiber drums	Global
Smurfit Kappa	Integrated paper-based packaging solutions	Corrugated packaging and paper products	Europe, Americas
Hood Packaging	Diverse range of flexible packaging products	Flexible packaging and bags	North America
Novolex	Focus on sustainable packaging solutions	Plastic and paper packaging	North America
Sonoco Products	Comprehensive packaging solutions and services	Protective packaging and containers	Global
Schneider Electric	Smart manufacturing and automation solutions	Energy management and automation	Global
Platinum Packaging	Custom packaging solutions for various industries	Custom boxes and packaging	North America

Emerging Players & Regional Champions

PACK-TECH (USA) – a company that makes packaging out of biodegradable materials and that recently won a contract to supply a major food manufacturer with eco-friendly packaging. It competes with established suppliers with cheaper, greener products.
EcoPack Solutions (Europe): EcoPack is a European company that is working on the development of a re-usable packaging system for the e-commerce industry. They have recently started a pilot project with a major e-tailer, complementing the work of traditional packaging companies with their circular economy concept.
Green Wrap: A manufacturer of advanced protective packaging materials based on recycled materials, the company recently teamed up with a logistics company to enhance its packaging efficiency and positioned itself as a competitor to conventional packaging companies by highlighting its commitment to the environment.
This company develops flexible packaging for the beverage industry. It has just launched a new line of products that reduces material consumption. Its products are being challenged by the leading players because of their greater individualization and greater efficiency.

Regional Trends: In 2024, the trend towards sustainable and eco-friendly packaging will be observable in all regions, with the newcomers concentrating on biodegradable and re-usable materials. In addition, the e-commerce boom will drive the development of new packaging solutions that will improve the protection of products and reduce waste. North America and Europe will be the main focus for the development of smart and IoT-enabled packaging, while in Asia, cost-effective and efficient solutions will be in demand.

Collaborations & M&A Movements

Sealed Air Corporation and Smurfit Kappa announced a partnership to develop sustainable packaging solutions aimed at reducing plastic waste in the food industry, enhancing their competitive positioning in the eco-friendly packaging segment.
Mondi Group acquired the flexible packaging division of the UK-based company, which is expected to strengthen its market share in the European industrial packaging sector and expand its product offerings.
International Paper and WestRock entered into a strategic collaboration to innovate in the production of recyclable packaging materials, aiming to lead the market in sustainability and meet increasing regulatory pressures on plastic use.

Competitive Summary Table

Capability	Leading Players	Remarks
Sustainability	Sealed Air, Mondi Group	In its solutions for the food industry, Sealed Air has introduced biodegradable materials which have considerably reduced plastic waste. Mondi Group is based on the principle of the circular economy, offering its customers a range of recyclates which have been adopted by major brands such as Unilever.
Automation	Avery Dennison, WestRock	Avery Dennison has integrated the latest automation into its labelling systems, resulting in greater efficiency and lower labour costs. WestRock's automatic packaging lines have improved both speed and accuracy, as proven in their use in high-volume manufacturing environments.
Smart Packaging	Smurfit Kappa, Amcor	Smurfit Kappa has developed smart packaging that features QR codes to encourage consumers to interact with the brand. In a similar vein, Amcor’s Internet of Things (IoT) technology enables real-time tracking and monitoring of products. It has already been successfully used in the food and beverage industry.
Customization	Packsize, DS Smith	Packsize specializes in on-demand packaging solutions that allow for tailored box sizes, reducing material waste. DS Smith offers customizable packaging designs that cater to specific customer needs, enhancing brand differentiation.
Cost Efficiency	International Paper, Graphic Packaging International	International Paper has optimized their supply chain processes to reduce costs while maintaining quality. Graphic Packaging International's focus on lightweight materials has led to significant savings in shipping costs for their clients.

Conclusion: Navigating the Industrial Packaging Landscape

In 2024, the industrial packaging market is characterized by high competition and significant fragmentation, with the presence of both established and new players. Regional trends point to a trend towards automation and towards a sustainable approach. This is why suppliers have to adapt their strategies. The established players use their distribution networks and customer loyalty, while the newcomers focus on innovation, mainly in terms of flexible and sustainable solutions. The market is developing in a way that the ability to use artificial intelligence, automation and sustainable solutions will be the decisive factor in determining the market leaders. These three areas are therefore a priority for suppliers to increase their operational efficiency and to meet the growing demand for sustainable solutions and to position themselves effectively in the rapidly changing environment.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

What is the current valuation of the Industrial Packaging Market in 2025?

The Industrial Packaging Market is valued at 66.0 USD Billion in 2024 and is expected to grow significantly in the coming years.

What is the projected market size for the Industrial Packaging Market by 2035?

The market is projected to reach approximately 110.56 USD Billion by 2035, indicating robust growth.

What is the expected CAGR for the Industrial Packaging Market during the forecast period 2025 - 2035?

The expected CAGR for the Industrial Packaging Market during the forecast period 2025 - 2035 is 4.8%.

Which material types dominate the Industrial Packaging Market?

Plastic, metal, wood, paper, and glass are the primary material types, with plastic projected to grow from 26.4 to 43.0 USD Billion.

What are the leading product types in the Industrial Packaging Market?

Boxes, bags, drums, trays, and containers are key product types, with containers expected to increase from 21.0 to 39.56 USD Billion.

Which end-use industries are driving the Industrial Packaging Market?

The food and beverage, chemicals, pharmaceuticals, electronics, and construction industries are significant contributors, particularly food and beverage, which is projected to grow from 20.0 to 32.0 USD Billion.

Who are the key players in the Industrial Packaging Market?

Key players include Amcor, Sealed Air, Mondi, Smurfit Kappa, WestRock, International Paper, Berry Global, and Sonoco Products.

What is the growth potential for flexible packaging in the Industrial Packaging Market?

Flexible packaging is expected to grow from 20.0 to 32.0 USD Billion, indicating a strong demand in the market.

How does rigid packaging compare to other packaging designs in the market?

Rigid packaging is projected to grow from 25.0 to 40.0 USD Billion, showcasing its dominance over other packaging designs.

What trends are influencing the Industrial Packaging Market in 2025?

Trends such as sustainability and innovation in packaging materials are likely to shape the Industrial Packaging Market moving forward.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per Market Research Future analysis, the Industrial Packaging Market was estimated at 66.0 USD Billion in 2024. The industrial packaging industry is projected to grow from 69.17 USD Billion in 2025 to 110.56 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.8% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The Industrial Packaging Market is experiencing a transformative shift towards sustainability and technological innovation.

North America remains the largest market for industrial packaging, driven by robust manufacturing and logistics sectors. Asia-Pacific is recognized as the fastest-growing region, propelled by rapid industrialization and urbanization. Plastic packaging continues to dominate the market, while paper packaging is emerging as the fastest-growing segment due to increasing environmental concerns. Sustainability initiatives and e-commerce growth are key drivers influencing the market dynamics, shaping consumer preferences and regulatory compliance.

Industrial packaging Market

CAGR

4.8%

Market Size & Forecast

2024 Market Size	66.0 (USD Billion)
2035 Market Size	110.56 (USD Billion)
CAGR (2025 - 2035)	4.8%
Largest Regional Market Share in 2024	North America

Major Players

Amcor (AU), Sealed Air (US), Mondi (GB), Smurfit Kappa (IE), WestRock (US), International Paper (US), Berry Global (US), Sonoco Products (US)

Market Trends

The Industrial Packaging Market is currently experiencing a dynamic evolution, driven by various factors that influence its growth trajectory. The increasing demand for sustainable packaging solutions appears to be a pivotal force, as industries seek to minimize their environmental footprint. This shift towards eco-friendly materials and practices suggests a broader trend where companies are prioritizing sustainability in their operations. Additionally, the rise of e-commerce has transformed packaging requirements, necessitating innovations that ensure product safety during transit while also appealing to consumers. As a result, manufacturers are likely adapting their strategies to meet these changing demands, which may lead to the development of more versatile and efficient packaging solutions. Moreover, advancements in technology are reshaping the landscape of the Industrial Packaging Market. Automation and smart packaging technologies are becoming increasingly prevalent, enhancing operational efficiency and providing valuable data insights. This technological integration not only streamlines production processes but also offers opportunities for improved inventory management and supply chain optimization. As industries continue to embrace these innovations, the market is poised for further growth, with companies exploring new materials and designs that align with evolving consumer preferences and regulatory standards.

Sustainability Focus

The emphasis on sustainable practices is reshaping the Industrial Packaging Market. Companies are increasingly adopting eco-friendly materials and processes to reduce their environmental impact. This trend reflects a broader commitment to sustainability, influencing product design and manufacturing methods.

E-commerce Influence

The growth of e-commerce is significantly altering packaging requirements. Businesses are adapting to ensure that products are securely packaged for shipping while also appealing to consumers. This shift necessitates innovative solutions that balance protection and aesthetics.

Technological Advancements

Technological innovations are transforming the Industrial Packaging Market. Automation and smart packaging solutions are enhancing efficiency and providing valuable insights. These advancements are likely to streamline operations and improve supply chain management.

Industrial packaging Market Market Drivers

E-commerce Growth

The rapid expansion of e-commerce is reshaping the Industrial Packaging Market, as businesses seek packaging solutions that cater to online retail. The rise in online shopping has led to an increased demand for protective and efficient packaging that ensures products arrive safely at consumers' doorsteps. Data indicates that e-commerce sales have surged, with projections estimating that they will account for a significant portion of total retail sales in the near future. This trend necessitates the development of packaging that not only protects goods but also enhances the unboxing experience for consumers. As a result, companies are investing in innovative packaging designs and materials that meet the unique challenges posed by e-commerce logistics. The Industrial Packaging Market is thus adapting to these changes, focusing on solutions that facilitate seamless online transactions.

Consumer Preferences

Shifting consumer preferences are a driving force in the Industrial Packaging Market, as customers increasingly seek convenience, functionality, and sustainability in packaging. Modern consumers are more informed and discerning, often favoring brands that prioritize eco-friendly practices and innovative packaging solutions. This shift is prompting companies to rethink their packaging strategies, focusing on designs that enhance user experience while minimizing environmental impact. Market data suggests that consumers are willing to pay a premium for products that feature sustainable packaging, indicating a potential for increased profitability for businesses that align with these preferences. As consumer expectations continue to evolve, the Industrial Packaging Market must remain agile, adapting to the changing landscape to meet the demands of a more conscientious consumer base.

Regulatory Compliance

The Industrial Packaging Market is significantly influenced by stringent regulatory frameworks aimed at ensuring safety and environmental protection. Governments worldwide are implementing regulations that mandate specific packaging standards, particularly for hazardous materials and food products. Compliance with these regulations is not optional; it is essential for companies to avoid penalties and maintain market access. As a result, businesses are increasingly investing in packaging solutions that meet these regulatory requirements. This trend is expected to continue, with more regulations likely to emerge as environmental concerns gain prominence. Companies that proactively adapt to these changes are likely to gain a competitive edge in the Industrial Packaging Market, as they demonstrate their commitment to safety and sustainability.

Technological Innovations

Technological advancements are playing a pivotal role in transforming the Industrial Packaging Market. Innovations such as automation, smart packaging, and advanced materials are enhancing efficiency and reducing costs. For instance, the integration of IoT technology in packaging allows for real-time tracking and monitoring of products throughout the supply chain. This not only improves inventory management but also enhances transparency and traceability, which are increasingly demanded by consumers and regulators alike. Furthermore, advancements in materials science are leading to the development of lighter, stronger, and more sustainable packaging options. As these technologies continue to evolve, they are likely to drive significant changes in the Industrial Packaging Market, enabling companies to optimize their operations and meet the growing expectations of their customers.

Sustainability Initiatives

The increasing emphasis on sustainability within the Industrial Packaging Market is driving demand for eco-friendly packaging solutions. Companies are increasingly adopting biodegradable and recyclable materials to meet regulatory requirements and consumer preferences. This shift is not merely a trend; it reflects a broader commitment to reducing environmental impact. According to recent data, the market for sustainable packaging is projected to grow significantly, with estimates suggesting a compound annual growth rate of over 10% in the coming years. This growth is indicative of a larger movement towards responsible consumption and production practices, which are becoming essential for businesses aiming to enhance their brand image and customer loyalty. As sustainability becomes a core value, the Industrial Packaging Market is likely to see a surge in innovative packaging solutions that align with these principles.

Market Segment Insights

By Material Type: Plastic (Largest) vs. Paper (Fastest-Growing)

In the Industrial Packaging Market, the material types exhibit distinct market shares, with plastic holding the largest portion owing to its versatility and cost-effectiveness. Other materials like metal, wood, and glass command significant shares as well, but plastic remains the preferred choice for many manufacturers due to its lightweight, durable, and corrosion-resistant properties. Paper, while smaller in percentage compared to plastic, is gaining traction, especially in eco-friendly packaging solutions that align with sustainability goals.

Plastic (Dominant) vs. Paper (Emerging)

Plastic has been the dominant material in the Industrial Packaging Market, attributed to its high durability, flexibility, and lower production costs. It caters to a wide range of applications, from food packaging to industrial goods, making it a staple for manufacturers. On the other hand, <a href="https://www.marketresearchfuture.com/reports/europe-paper-packaging-for-tableware-market-18888">paper packaging</a> is rapidly emerging as a viable alternative, especially with the increasing demand for sustainable and recyclable materials. As companies prioritize reducing their carbon footprint, paper products are becoming more favorable due to their renewable nature. This shift is fostering innovation in paper packaging, leading to enhanced durability and functionality, positioning it neatly against the traditional dominance of plastics.

By Product Type: Bags (Largest) vs. Boxes (Fastest-Growing)

The industrial packaging market is notably diverse, with various product types commanding different shares. Bags represent the largest segment due to their versatility and extensive use across industries such as food, pharmaceuticals, and chemicals. Following bags, boxes hold a significant portion of the market, widely utilized for storage and shipping needs, especially in the e-commerce and retail sectors. Drums and containers also contribute meaningfully, appealing to specific industries that require robust and durable packaging solutions, while trays offer specialized functions in the packaging process.

Bags (Dominant) vs. Boxes (Emerging)

Bags have established themselves as the dominant force in the industrial packaging market, primarily due to their lightweight nature, adaptability, and cost-effectiveness. They are employed extensively for bulk products and loose materials, making them a preferred choice among manufacturers. Conversely, boxes are the emerging segment experiencing rapid growth, driven by the surge in e-commerce and retail sectors that demand reliable and aesthetic packaging for products. This shift is fueled by the need for sustainability, as cardboard and paper-based boxes are increasingly favored for their recyclability, thus appealing to eco-conscious consumers. As both segments evolve, collaboration between innovations in materials and packaging design continues to shape their market landscapes.

By End Use Industry: Food and Beverage (Largest) vs. Pharmaceuticals (Fastest-Growing)

The End Use Industry segment of the Industrial Packaging Market is marked by significant share distribution among its various categories. Food and Beverage holds the largest share, underpinned by the ongoing demand for packaged food products globally. Chemicals, Pharmaceuticals, Electronics, and Construction follow, each contributing to the dynamic landscape of industrial packaging. The unique needs of each sector drive innovation and tailoring of packaging solutions, aligning with industry-specific regulations and customer preferences. In terms of growth trends, Pharmaceuticals emerge as the fastest-growing segment, fueled by the increasing need for innovative packaging solutions to ensure product safety and compliance. The rise in electronic and construction applications is also noteworthy, as industries seek more efficient and sustainable packaging options. Overall, the End Use Industry segment reflects a blend of maturity in Food and Beverage alongside rapid innovation in Pharmaceuticals and other high-growth areas.

Food and Beverage: Dominant vs. Pharmaceuticals: Emerging

Food and Beverage is a dominant player in the Industrial Packaging Market, characterized by a robust demand for reliable and safe packaging solutions. This sector requires packaging that not only preserves product quality but also meets stringent safety regulations. On the other hand, Pharmaceuticals is emerging as a significant segment, driven by advancements in drug delivery systems and a growing emphasis on patient safety. Pharmaceutical packaging demands high compliance standards, including tamper evidence and child-resistance features, making it distinct from traditional packaging needs. The characteristics differ notably: while Food and Beverage primarily focuses on bulk and preservation features, Pharmaceuticals emphasizes safety, stability, and regulatory adherence. The interaction of these two segments represents an evolving landscape where traditional needs meet emerging technological advancements.

By Packaging Design: Flexible Packaging (Largest) vs. Active Packaging (Fastest-Growing)

The Industrial Packaging Market exhibits a rich tapestry of design options, with Flexible Packaging commanding the largest share. This segment is extensively favored due to its versatile nature, cost-effectiveness, and ability to extend product shelf life. In contrast, Active Packaging, which is rapidly gaining traction, utilizes technologies that interact with the product or package environment to further enhance preservation and freshness. Both segments play critical roles in meeting the diverse needs of consumers and manufacturers alike. Market growth trends are further augmented by evolving consumer preferences and stringent regulations favoring sustainable practices. Flexible Packaging remains a staple as it adapts to new materials and technologies, while Active Packaging is emerging as an innovative solution to consumer demand for longer-lasting products, adding value in areas such as food safety and shelf-life extension. These growth dynamics position the packaging design segment as a crucial pillar within the broader Industrial Packaging Market.

Flexible Packaging (Dominant) vs. Semi-Rigid Packaging (Emerging)

<a href="https://www.marketresearchfuture.com/reports/flexible-packaging-market-1151">Flexible Packaging</a> has established itself as the dominant force within the Industrial Packaging Market. It encompasses a variety of materials and forms, such as pouches and films, that can accommodate multiple product types, making it indispensable for food, beverages, and personal care products. Its lightweight and customizable nature enhances shipping efficiency and reduces waste. In contrast, Semi-Rigid Packaging, although emerging, showcases versatility with its ability to provide sturdiness while maintaining a degree of flexibility. This segment is gaining momentum, particularly for products requiring a balance between protection and ease of handling. As brands seek to differentiate themselves, both packaging types present unique advantages that cater to specific market needs.

Get more detailed insights about Industrial Packaging Market Research Report - Forecast 2035

Regional Insights

The Industrial Packaging Market demonstrates significant diversification across its regional segments, with North America leading the valuation at 20.0 USD Billion in 2024 and projected to reach 30.0 USD Billion by 2035. This dominance is attributed to the robust manufacturing sector and high demand for sustainable packaging solutions in the region. Europe follows closely with a valuation of 15.0 USD Billion in 2024, expected to rise to 22.0 USD Billion in 2035, driven by stringent regulations and emphasis on recycling.

The Asia-Pacific (APAC) region shows strong growth potential, valued at 10.5 USD Billion in 2024 and anticipated to expand to 18.0 USD Billion by 2035, largely due to increasing industrialization and urbanization. In contrast, South America, valued at 3.0 USD Billion in 2024 and projected to reach 4.5 USD Billion by 2035, represents a smaller yet essential market, focusing on optimizing supply chains. Meanwhile, the Middle East and Africa (MEA) segment, valued at 2.08 USD Billion in 2024, shows incremental growth towards 3.5 USD Billion by 2035, with potential linked to infrastructural development and increasing adoption of innovative packaging technologies.

Overall, the regional segmentation of the Industrial Packaging Market reveals a landscape of varied growth trajectories influenced by local industry dynamics and market demands.

Key Players and Competitive Insights

The Industrial Packaging Market is a dynamic and highly competitive environment characterized by a diverse array of products and services that cater to various industries, including chemicals, pharmaceuticals, food and beverages, and more. Companies within this market are engaged in constant innovation to meet the evolving needs of customers who seek durability, sustainability, and cost-effectiveness in their packaging solutions. Players in this market leverage their expertise and technological advancements to create packaging that not only protects products but also improves supply chain efficiency.

As sustainability becomes a focal point for many organizations ly, firms are increasingly investing in eco-friendly materials and packaging solutions that comply with environmental regulations, further intensifying competition. Amcor is a prominent player in the Industrial Packaging Market, recognized for its extensive product portfolio that includes flexible and rigid packaging solutions designed to serve a wide range of industries. Known for its commitment to innovation, Amcor has established a strong presence across various regions, leveraging advanced technologies to develop packaging that enhances product shelf life and reduces material waste.

The company's strengths lie in its focus on sustainability initiatives, as it continuously works to develop recyclable and biodegradable packaging options. Furthermore, Amcor's footprint allows it to effectively serve multinational clients and adapt to diverse market demands, cementing its status as a leader in industrial packaging solutions. Greif operates as a significant competitor in the Industrial Packaging Market, specializing in industrial packaging products such as steel, plastic, and fiber drums, as well as intermediate bulk containers.

The company's strength stems from its comprehensive approach to packaging solutions that are tailored to meet the specific needs of various industries, including chemicals, agriculture, and food. Greif has demonstrated a strong market presence through strategic mergers and acquisitions that have expanded its capabilities and resources, allowing it to deliver high-quality products and exceptional customer service. By continuously innovating and enhancing its product offerings, Greif remains a key player in the industrial packaging sector, effectively addressing the demands of a rapidly evolving market landscape.

The company also emphasizes sustainability, aligning its operations with environmental goals, which further bolsters its competitive position in the industry.

Key Companies in the Industrial packaging Market market include

Industry Developments

Q4 2024: International Paper’s acquisition of DS Smith and Novolex’s acquisition of Pactiv Evergreen among 2025 megadeals International Paper announced the acquisition of DS Smith, and Novolex acquired Pactiv Evergreen, marking significant consolidation in the industrial packaging sector. These deals are projected to close in 2025 and reflect increased M&A activity in North America.
Q4 2024: Brazil-based Suzano acquires two Pactiv Evergreen mills in Q4 Suzano, a major Brazilian pulp and paper company, expanded into the U.S. market by acquiring two Pactiv Evergreen mills, signaling its intent to grow its presence in North America’s industrial packaging market.
Q4 2024: Amcor’s November 2024 acquisition of Berry Global ($16.9 billion, 1.4x EV/Revenue, 7.9x EV/EBITDA) Amcor completed the acquisition of Berry Global for $16.9 billion, creating a combined entity with $24 billion in annual revenue and strengthening its leadership in consumer and healthcare packaging.
Q1 2024: IP’s acquisition of DS Smith in March 2024 ($9.9 billion, 1.1x EV/Revenue, 7.2x EV/EBITDA) International Paper (IP) acquired DS Smith for $9.9 billion, further consolidating the industrial packaging market and expanding IP’s global footprint.
Q3 2024: Smurfit Kappa–WestRock merger creates new scale benchmarks in packaging sector Smurfit Kappa and WestRock completed their merger, establishing a new industry leader in the industrial packaging market and setting new scale benchmarks for competitors.
Q4 2024: Suzano rumored to consider offer for Washington-based Clearwater Paper Suzano, following its U.S. mill acquisitions, is reportedly considering a bid for Clearwater Paper, indicating ongoing expansion efforts in the North American packaging sector.

Future Outlook

Industrial packaging Market Future Outlook

The Industrial Packaging Market is projected to grow at a 4.8% CAGR from 2024 to 2035, driven by sustainability initiatives, technological advancements, and increasing demand for efficient logistics.

New opportunities lie in:

Development of <a href="https://www.marketresearchfuture.com/reports/biodegradable-mulch-films-market-2489">biodegradable</a> packaging solutions for eco-conscious industries.
Integration of IoT technology for real-time supply chain monitoring.
Expansion into emerging markets with tailored packaging solutions.

By 2035, the Industrial Packaging Market is expected to achieve robust growth, reflecting evolving industry demands.

Market Segmentation

Industrial packaging Market Product Type Outlook

Bags
Boxes
Drums
Trays
Containers

Industrial packaging Market Material Type Outlook

Plastic
Metal
Wood
Paper
Glass

Industrial packaging Market End Use Industry Outlook

Food and Beverage
Chemicals
Pharmaceuticals
Electronics
Construction

Industrial packaging Market Packaging Design Outlook

Flexible Packaging
Rigid Packaging
Semi-Rigid Packaging
Active Packaging

Report Scope

MARKET SIZE 2024	66.0(USD Billion)
MARKET SIZE 2025	69.17(USD Billion)
MARKET SIZE 2035	110.56(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.8% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Amcor (AU), Sealed Air (US), Mondi (GB), Smurfit Kappa (IE), WestRock (US), International Paper (US), Berry Global (US), Sonoco Products (US)
Segments Covered	Material Type, Product Type, End Use Industry, Packaging Design, Regional
Key Market Opportunities	Adoption of sustainable materials drives innovation in the Industrial Packaging Market.
Key Market Dynamics	Rising demand for sustainable materials drives innovation and competition in the Industrial Packaging Market.
Countries Covered	North America, Europe, APAC, South America, MEA