Industrial Packaging Market

1. Summary Global Industrial Packaging Market: By Packaging Type (Flexible & Rigid), Materials (Metal, Plastic, Paper, And Wooden), Products (Bags, Boxes, Sacks, Barrels, Tanks, And Others), End-User, And Region - Global Forecast To 2023 Industrial Packaging Market Scenario The global Industrial Packaging Market is expanding at an incremental pace and is set to capture a CAGR of 5% over the forecast period of 2017-2023, proclaims Market Research Future (MRFR) in a comprehensive research report. Request Free Sample @ https://www.marketresearchfuture.com/sample_request/1897 Industrial packaging is utilized to transport goods from the producer to the consumer. In the supply chain, many times the goods are delivered from manufacturing center to the distribution center, where the goods are packaged for the consumers. The increase in the demand for the industrial packaging is predicted to be propelled mainly by the development of the end-user industries such as good & beverages, construction, chemicals & pharmaceuticals, electronics, and others. Moreover, growth in the import & export activities and utilization of the shipping containers fuel the growth of the global Custom Packaging Boxes further. The shipping container liners are prominently used for the bulk shipment of the commodities & goods. However, stringent regulations & policies for the utilization of non-degradable packaging may hinder the growth of the Product Packaging over the forecast period. Competitive Landscape The key players operating in the global Industrial Packaging Market include Greif, Inc. (U.S.), Greif, Inc. (U.S.), International Paper Company (U.S.), Orora Limited (Australia), Sigma Plastics Group (U.S.), NEFAB GROUP (Sweden), AmeriGlobe LLC (U.S.), Sealed Air Corporation (U.S.), Mondi plc (Austria), WestRock Company (U.S.), Bemis Company, Inc. (U.S.), Mauser Group (Germany), Wuxi Sifang Drums Limited Company (China), Sonoco Products Company (U.S.), and Schoeller Allibert (The Netherlands). Market Segmentation The global Industrial Packaging Market has been segmented based on packaging type, materials, products, and end-users. By packaging type, the market has been segmented into flexible & rigid. The flexible packaging segment is leading the market owing to the growing need for plastic-based packaging products and diverse application of flexible packaging in various industry verticals. By materials, the market has been segmented into metal, plastic, paper, and wood. The plastic dominated the market in 2016 and is expected to be the fastest growing market over the forecast period due to high efficacy of plastic as an industrial packaging material. By products, the market has been segmented into bags, boxes, sacks, barrels, tanks, and others. The box segment dominated the market in 2016 and is expected to witness growth over the forecast period. By end-user, the market has been segmented into food & beverages, construction, chemicals & pharmaceuticals, electronics, and others.

2. Regional Analysis The global Industrial Packaging Market spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is the largest market for industrial packaging and is driven by increasing industrialization in the region. Availability of relatively cheap labor, the upsurge in economy and attractiveness for FDI fosters rapid industrialization in Asia Pacific which induces high demand for industrial packaging. In addition, rising consumer spending and increased international trade in the region provides an impetus to the growth of the market. North America follows Asia Pacific closely, and the market is growing due to the rise in import and export activities in the region. North American Free Trade Agreement (NAFTA) is projected to boost the market growth further. Europe market for industrial packaging is also a steady one owing to strong demand from the food & beverage and pharmaceutical industries. Industry Updates In June 2018, Stone Canyon Industries (SCI) announced the acquisition of a US-based container solutions and services provider Industrial Container Services (ICS) for USD 1 Billion. The transaction was made through BWAY Holding Company (BWAY), which is a subsidiary to SCI and a global supplier of industrial rigid packaging products and services. Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/industrial-packaging-market-1897 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Phone: +1646 845 9312 Email: sales@marketresearchfuture.com