Industrial Packaging Market Share, Latest Trends and Forecast Report 2024-2032

 IMARC Group, a leading market research company, has recently releases 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.

How Big is the Industrial Packaging Market?

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.

Factors Affecting the Growth of the Industrial Packaging Industry:

• Increasing Demand for Sustainable Packaging Solutions:

One significant driver of the industrial packaging market is the increasing demand for sustainable packaging solutions. As environmental concerns continue to mount, businesses across industries are under pressure to adopt eco-friendly packaging materials and practices. This shift toward sustainability is driven by consumer preferences for environmentally responsible products and regulatory initiatives aimed at reducing carbon footprints. Industrial packaging manufacturers are innovating to develop packaging solutions made from recyclable, biodegradable, or renewable materials. Additionally, advancements in sustainable packaging technologies, such as lightweighting and compostable materials, are driving the adoption of eco-friendly packaging across various industrial sectors.

• E-Commerce Growth:

The rapid growth of e-commerce has spurred demand for efficient and protective industrial packaging solutions. With the rise of online shopping, there is a heightened need for packaging that ensures products are safely transported from warehouses to consumers' doorsteps. Industrial packaging plays a crucial role in protecting goods during transit, minimizing damage and returns. Moreover, as businesses focus on optimizing last-mile delivery operations to enhance customer satisfaction and reduce costs, they are increasingly investing in packaging solutions that are both durable and space-efficient. This trend is driving innovation in packaging design and materials to meet the unique requirements of e-commerce logistics.

• Technological Advancements:

The integration of automation and Industry 4.0 technologies is revolutionizing the industrial packaging sector. Automation solutions, such as robotic packaging systems and automated material handling equipment, are streamlining packaging processes, improving efficiency, and reducing labor costs. Additionally, the implementation of smart packaging technologies, including RFID tags, sensors, and data analytics, enables real-time monitoring of packaging performance, inventory management, and supply chain visibility. These technological advancements empower businesses to optimize their packaging operations, enhance product traceability, and ensure compliance with regulatory requirements.

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

Industrial Packaging Market Report Segmentation:

By Product:

• Intermediate Bulk Containers (IBCs)
• Sacks
• Drums
• Pails
• Others

Based on the product, the market has been divided into intermediate bulk containers (IBCs), sacks, drums, pails, and others.

By Material:

• Paperboard
• Plastic
• Metal
• Wood
• Fiber

Plastic holds the largest market share due to its versatility, durability, and cost-effectiveness.

By Application: 

• Chemical and Pharmaceutical
• Building and Construction
• Food and Beverage
• Oil and Lubricant
• Agriculture and Horticulture
• Others

Based on the application, the market has been segmented into chemical and pharmaceutical, building and construction, food and beverage, oil and lubricant, agriculture and horticulture, and others.

Regional Insights:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific’s dominance in the industrial packaging market is attributed to rapid industrialization, economic growth, and the expanding manufacturing industries in countries like China, India, and Japan.

Global Industrial Packaging Market Trends:

Presently, there is a growing emphasis on sustainability within the industrial packaging sector. Manufacturers and consumers alike are increasingly concerned about the environmental impact of packaging materials and practices. As a result, there is a rising demand for sustainable packaging solutions made from recyclable, biodegradable, or renewable materials. Additionally, companies are exploring innovative approaches such as lightweighting and redesigning packaging formats to minimize material usage and reduce carbon footprints.

Moreover, the integration of smart packaging technologies is gaining traction in the industrial packaging market. Smart packaging solutions, equipped with sensors, RFID tags, and other embedded technologies, enable real-time monitoring of product integrity, temperature, and location throughout the supply chain. This enhanced visibility and traceability help improve inventory management, reduce losses due to theft or spoilage, and ensure compliance with regulatory requirements.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same 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.

IMARC Group’s 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 company’s expertise.

Contact US

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: sales@imarcgroup.com

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 | United Kingdom: +44-753-713-2163