3 Developments driving the Global Industrial Packaging Market- Revenues to exceed USD 80 Bn by 2027 says a report by Ken Research

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Global Industrial Packaging Market Ecosystem

Global industrial packaging Market is at a growing stage. It is a highly fragmented market with the presence of many packaging companies. The industrial packaging market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform. Few major global industrial packaging players are WERIT Kunststoffwerke W. Schneider GmbH & Co, Mondi Plc, Greif Inc, Mauser Packaging Solutions, WestRock Company etc.

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1. Better packaging solutions by using AI technology is the latest trend in industrial packaging market.

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Technological advancement is a key trend gaining popularity in the industrial packaging market. Artificial intelligence is helping firms employ computers and algorithms to produce better packaging solutions. AI is used in inspection, data labeling, recycling products, and various other applications. In April 2022, DHL Supply Chain announced a new on-demand packaging option to its business clients to make shipments more cost-effective and ecologically responsible. The AI-powered Opti Carton technology will aid in the optimization of box filling from a pre-configured set of cartons and even recommend breaking orders into many consignments to make individual shipments more cost-effective or lessen their carbon impact.

2. Increased demand for industrial packaging from chemical and construction industry

The increased production in many industries and trade of products, such as chemicals and petroleum products, have boosted the demand for bulk packaging and crates/totes. Industrial packaging companies cater to various end-use industries, such as building & construction and chemical. The growing trade among countries and the safe transportation of products lead to an increased demand for effective industrial packaging from these industries. The rise in demand from the chemicals and petroleum industries is a major growth driver of the industrial packaging market.

3. Corrugated boxes widely preferred for Industrial Packaging

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Based on product type, the corrugated boxes segment is projected to be the largest market for industrial packaging. The dominant market position of the segment can be attributed to the increase in the demand for these product type across various applications in food & beverage, pharmaceutical and automotive industries. The increase in the demand for corrugated boxes can be attributed to the rise in the demand for lightweight and convenient packaging solutions.

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Global Industrial Packaging Market Report

Global Industrial Packaging market is growing at a double digit CAGR in 2017-2022 and is expected to reach USD ~ Bn by 2027 – Ken Research

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What Is The Size Of Global Industrial Packaging Industry?

The Global Industrial Packaging Market is largely driven by changing demand for sustainable and recyclable industrial packaging products keeping in view the health and environmental issues.

Global Industrial Packaging Market is at a growing stage. It is a fragmented market with the presence of many packaging companies. The packaging market has seen emergence of abundant players in the past 5 years and the industry will further boost owing to the needs and wants of consumers for a more personalized learning platform.

Few major global Industrial players are WERIT Kunststoffwerke W. Schneider GmbH & Co, Mondi Plc, Greif Inc, Mauser Packaging Solutions, WestRock Company. The high growth rate can be attributed to many middle-income groups in developing countries like India, a preferred market for vendors.

An increase in awareness and lifestyle changes is the fundamental driver of Packaging market growth. Customers are more likely to remain loyal when their needs are customized. Depending on the size, texture, color, and design of the beverage packaging, the packaging solutions can be customized.

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Global Industrial Packaging Market by product type

The Global Industrial Packaging market is segmented by product type. Corrugated boxes were the most dominant form of provider used in the global beverage market in 2022.

Global Industrial Packaging market by kind of material

The Global Industrial Packaging market is segmented by kind of material into Plastic, Wood, Metal, Paperboard and Others. Paperboard was the most dominant in 2022.

Global Industrial Packaging Market By End User

The Global Industrial Packaging market is segmented by End User into Food & beverage, Automotive, Pharmaceutical, Chemical, Oil & Lubricant, Building & Construction, Others. Food & beverage was the most preferred form of course in 2022 in Global Industrial Packaging market.

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Global Industrial Packaging Market By Region

The Global Industrial Packaging market is segmented by Region into North America, Europe, Asia Pacific, Middle East & Africa and South America. Asia Pacific held the major market share in Global Industrial Packaging market in 2022.

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Packaging Machinery Manufacturers
• Packaging Machinery Investors
• Packaging Machinery Providers
• Packaging Machinery Suppliers
• Packaging Machinery Components Suppliers
• Allied Industries of Packaging Machinery
• Government Ministries and Departments of Engineering Industry
• Packaging Machinery Research and Development Companies
• Potential Entrants into Packaging Machinery Industry

Time Period Captured in the Report

• Historical Period: 2017-2022
• Base Period: 2022
• Forecast Period: 2022-2027

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Global Industrial Packaging Market

The Global Industrial Packaging Industry generated $ 60 Bn revenue in 2022-How will the market further shape in future? Ken Research

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Increasing industrialization, growing e-commerce sector, shift towards sustainable packaging and Healthcare industry expansion are major factors contributing towards development of Global Industrial packaging Market.

1. The COVID-19 pandemic has had both positive and negative impacts on the Industrial Packaging Market.

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There is growing demand for customized packaging. Industries are increasingly adopting customized packaging solutions to meet specific product requirements and enhance brand differentiation. Customization offers benefits such as improved product presentation, better shelf visibility, and enhanced consumer engagement. The healthcare industry's growth, driven by an aging population, advances in medical technology, and increasing healthcare spending, has contributed to the demand for specialized packaging solutions for pharmaceuticals, medical devices, and healthcare products.

2. Recycling and environmental concerns associated with the Industrial Packaging Market.

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According to the World Economic Forum, every year, at least 8 Mn tons of plastic leaks into the ocean, which is equivalent to dumping the contents of one garbage truck into the ocean every minute. This is expected to increase to two per minute by 2030 and four per minute by 2050, which can destroy the ecosystem. About 90% of all the trash in the oceans is from plastic. Estimates suggest that industrial packaging represents the major share. Hence, recycling becomes a major challenge in the industrial packaging industry, which provides re-use value, and results in lower wastage.

3. The role of Government around the world in Global Industrial Packaging Market

Governments around the world are implementing regulations to ensure that industrial packaging materials are safe for consumers and the environment. These regulations are observed to boost the production of industrial packaging in a sustainable way. Along with the rising demand for sustainable packaging solutions from multiple industries, technological advancements in packaging solutions are observed to fuel the market’s growth. Technological advancements have led to the development of new packaging materials, such as biodegradable and compostable materials, which are environmentally friendly and have better properties than traditional packaging materials.

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Global Industrial Packaging Market