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What is the outlook for industrial packaging industry?
The global industrial packaging market size reached US$ 62.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 83.4 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.
IMARC Group's report titled“ Industrial Packaging Market Report by Product (Intermediate Bulk Containers (IBCs), Sacks, Drums, Pails, and Others), Material (Paperboard, Plastic, Metal, Wood, Fiber), Application (Chemical and Pharmaceutical, Building and Construction, Food and Beverage, Oil and Lubricant, Agriculture and Horticulture, and Others), and Region 2024-2032 “, Offers a comprehensive analysis of the industry, which comprises insights on the market.
Industry Overview of Industrial Packaging
Industrial packaging refers to materials, containers, and methods used to protect, store, transport, and display products and goods in an industrial or manufacturing setting. It includes bulk containers, drums, sacks, and pallets, each serving a distinct purpose. It ensures secure and efficient transportation of products across different stages of the supply chain. It incorporates advanced materials and smart technology to offer moisture resistance, temperature control, and tracking capabilities. It is essential in maintaining operational excellence, impacting cost efficiency and quality control in industrial settings.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/industrial-packaging-market/requestsample
Leading Companies Operating in the Global Industrial Packaging Industry:
Amcor plc Berry Global Inc. DS Smith PLC Global-Pak Inc. Greif Inc. International Paper Company Mondi plc Nefab AB Orora Limited Smurfit Kappa Group plc Sonoco Products Company Westrock Company
What are the Growth Prospects and Trends in the
Industrial Packaging
Industry
? :
The increasing number of e-commerce businesses selling products and services online represents one of the crucial factors impelling the market growth. Additionally, advancements in automation and Industry 4.0 technologies are encouraging companies to adopt more sophisticated packaging solutions that integrate seamlessly with their manufacturing and distribution systems.
Moreover, the escalating demand for high-quality packaging that contains and protects complex parts and substances in the automotive and chemical sectors is strengthening the market growth. In addition, the growing awareness among manufacturers about the role of packaging in reducing product damage, improving operational efficiency, and enhancing customer satisfaction is positively influencing the market.
Furthermore, the increasing implementation of stringent regulations focusing on sustainability and encouraging the adoption of eco-friendly packaging is contributing to the market growth.
Industrial Packaging Market Report Segmentation: The report has segmented the market into the following categories:
Breakup by Product:
Intermediate Bulk Containers (IBCs) Sacks Drums Pails Others
Breakup by Material:
Paperboard Plastic Metal Wood Fiber
Breakup by Application:
Chemical and Pharmaceutical Building and Construction Food and Beverage Oil and Lubricant Agriculture and Horticulture Others
Breakup by Region:
North America (United States, Canada) Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others) Europe (Germany, France, United Kingdom, Italy, Spain, Others) Latin America (Brazil, Mexico, Others) Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARCs information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the companys expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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