- Drums
- Sacks
- Pails
- Crates
- IBC’s
- Corrugated Boxes
- Others
The Industrial Packaging Market was valued at USD 65,218.0 million in 2023 and grew at 7.2% CAGR over the historical years (2019 - 2023). The Industrial Packaging Market is projected to reach USD 1,07,802 million by 2030 at a CAGR of 7.5%. The industrial packaging is for packaging materials and solutions used in industrial applications. This comprises packaging options for transporting and shielding items throughout production, storage, and distribution. The industrial packaging market is expected to develop over the forecast period due to emerging trends in the packaging sector, such as digital printing and customized packaging. Furthermore, the growing need for sustainable and reusable packaging solutions from the electronics industry contributes to the overall growth of the industrial packaging market. For example, in November 2022, Sony announced the use of plastic wrapping for small electronic gadgets. The company has also revealed plans to begin using natural blend materials for packaging.
Recent Developments in the Industrial Packaging Market
- In April 2023, Ranpak Holdings Corporation, a global pioneer in eco-friendly packaging options, has announced the introduction of sustainable and biodegradable packaging solutions in the shape of 'Gaemi MS Mini,' a plastic-free alternative to bubble-wrapped packaging. The innovative wrapping approach is seen as an excellent choice for the warehouse.
- In July 2023, Mondi, a packaging and paper industry leader, has announced a EUR 16 million investment in new technologies to create a new packaging line called Functional Barrier Paper Ultimate. The approach attempts to fulfill increasing customer demand for environmentally friendly packaging that contributes to a circular economy.
Industrial Packaging Market Summary
Study Period
2024– 2030
Base Year
2023
CAGR
7.5%
Largest Market
Asia Pacific
Fastest Growing Market
Asia pacific
Industrial Packaging Market Dynamics
The worldwide packaging industry is experiencing exceptional innovation. Smart packaging technology, 3D printing for packaging, active packaging, and nanotechnology are some of the most recent innovations in the packaging sector. Such developments in packaging technology are designed to drive the future growth of the industrial packaging market. Rising improvements in the packaging business are also benefiting large-scale enterprises' production and supply chains. However, Industrial packaging is manufactured using a variety of raw materials such as plastic, paper, metal, and others. Prices for such materials fluctuate due to production and supply chain concerns, which appear to limit the growth of the industrial packaging market. The constantly rising or fluctuating prices of raw materials prevent market participants from implementing a firm and permanent packaging system for long-term practices. Moreover, the growing need for customized solutions from various industries creates substantial potential for the industrial packaging market. Numerous sectors possess distinct packaging requirements, which manufacturers may profit on by designing customized packaging solutions for certain businesses. This can include packaging solutions that are tailored to certain regulatory standards or suited for the unique needs of a specific industry. The desire for customized solutions has the potential to stimulate innovation in the industrial packaging market. As businesses seek packaging solutions that are tailored to their individual needs, there is an increasing demand for new and differentiated packaging solutions. This can include improvements to packaging materials, designs, functionality, sustainability features, and technology integration, such as IoT-enabled packaging or smart packaging solutions. Industrial packaging producers that provide new and differentiated customized offerings can acquire a competitive advantage and capitalize on the growing demand for unique and value-added packaging options.
Asia-Pacific Got Significant Share
Industrial Packaging Market Regional Analysis
Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. The rapidly evolving industrial and manufacturing sectors in Asia-Pacific are likely to increase the use of industrial drums as businesses spread their production facilities to growing economies such as China, India, and Indonesia.
China is one of the world's major economies and one of the world's largest trade partners in terms of total exports and imports. The country, often known as the world's factory, has revived its export trade in manufactured goods. With the continuous rise of the export trade, the industry is projected to see strong demand for bulk and durable industrial packaging. In addition, the Asia Pacific region has seen tremendous expansion in e-commerce and logistics activity, as well as rising online shopping habits and shifting customer behavior. E-commerce relies significantly on effective packaging to ensure safe transit and delivery of goods, creating a demand for industrial packaging solutions tailored to e-commerce and logistics operations. Furthermore, the food and beverage and retail industries in India and China are likely to boost their use of packaging solutions.
Latin America
Europe
Asia Pacific
Middle East
North America
Industrial Packaging Market Segmentation
By Product
By Material
- Plastic
- Metal
- Wood
- Others
By End User
- Automotive
- Pharmaceuticals
- Construction
- Food & Beverages
- Others
Frequently Asked Questions
The Industrial Packaging Market was valued at USD 65,218.0 million in 2023 and is projected to reach USD 1,07,802 million by 2030, growing at a CAGR of 7.5%.
The industrial packaging market is driven by developments in packaging technology, increased international trade, and the demand for sustainable packaging solutions.
The rise in global import and export activities is fueling market growth.
Market research is segmented based on product, material, end user and region.
Asia-Pacific is estimated to fastest growing with the highest CAGR over the forecast period.
Key Features of the Reports
- The report provides granular level information about the Market size, regional Market share, historic Market (2019-2023), and forecast (2024-2030)
- The report covers in-detail insights about the competitor’s overview, company share analysis, key Market developments, and key strategies.
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the Market.
- The report tracks recent innovations, key developments, and start-up details that are actively working in the Market.
- The report provides a plethora of information about Market entry strategies, regulatory framework, and reimbursement scenarios.
| 1. Executive Summary |
| 2. Global Industrial Packaging Market Introduction |
| 2.1.Global Industrial Packaging Market - Taxonomy |
| 2.2.Global Industrial Packaging Market - Definitions |
| 2.2.1.Product |
| 2.2.2.Material |
| 2.2.3.End Users |
| 2.2.4.Region |
| 3. Global Industrial Packaging Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Industrial Packaging Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Industrial Packaging Market By Product, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Drums |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Sacks |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Pails |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Crates |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. IBC’s |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Corrugated Boxes |
| 5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 5.7. Others |
| 5.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.7.3. Market Opportunity Analysis |
| 6. Global Industrial Packaging Market By Material , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Plastic |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Metal |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Wood |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Others |
| 6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Industrial Packaging Market By End Users, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Automotive |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Pharmaceuticals |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Construction |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Food & Beverages |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Others |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. Global Industrial Packaging Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia Pacific (APAC) |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Middle East and Africa (MEA) |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Latin America |
| 8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 9. North America Industrial Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Drums |
| 9.1.2.Sacks |
| 9.1.3.Pails |
| 9.1.4.Crates |
| 9.1.5.IBC’s |
| 9.1.6.Corrugated Boxes |
| 9.1.7.Others |
| 9.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Plastic |
| 9.2.2.Metal |
| 9.2.3.Wood |
| 9.2.4.Others |
| 9.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Automotive |
| 9.3.2.Pharmaceuticals |
| 9.3.3.Construction |
| 9.3.4.Food & Beverages |
| 9.3.5.Others |
| 9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.4.1.United States of America (USA) |
| 9.4.2.Canada |
| 10.Europe Industrial Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Drums |
| 10.1.2.Sacks |
| 10.1.3.Pails |
| 10.1.4.Crates |
| 10.1.5.IBC’s |
| 10.1.6.Corrugated Boxes |
| 10.1.7.Others |
| 10.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Plastic |
| 10.2.2.Metal |
| 10.2.3.Wood |
| 10.2.4.Others |
| 10.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Automotive |
| 10.3.2.Pharmaceuticals |
| 10.3.3.Construction |
| 10.3.4.Food & Beverages |
| 10.3.5.Others |
| 10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Germany |
| 10.4.2.France |
| 10.4.3.Italy |
| 10.4.4.United Kingdom (UK) |
| 10.4.5.Spain |
| 10.4.6.Rest of EU |
| 11. Asia Pacific (APAC) Industrial Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Drums |
| 11.1.2.Sacks |
| 11.1.3.Pails |
| 11.1.4.Crates |
| 11.1.5.IBC’s |
| 11.1.6.Corrugated Boxes |
| 11.1.7.Others |
| 11.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Plastic |
| 11.2.2.Metal |
| 11.2.3.Wood |
| 11.2.4.Others |
| 11.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Automotive |
| 11.3.2.Pharmaceuticals |
| 11.3.3.Construction |
| 11.3.4.Food & Beverages |
| 11.3.5.Others |
| 11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.China |
| 11.4.2.India |
| 11.4.3.Australia and New Zealand (ANZ) |
| 11.4.4.Japan |
| 11.4.5.Rest of APAC |
| 12. Middle East and Africa (MEA) Industrial Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Drums |
| 12.1.2.Sacks |
| 12.1.3.Pails |
| 12.1.4.Crates |
| 12.1.5.IBC’s |
| 12.1.6.Corrugated Boxes |
| 12.1.7.Others |
| 12.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Plastic |
| 12.2.2.Metal |
| 12.2.3.Wood |
| 12.2.4.Others |
| 12.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Automotive |
| 12.3.2.Pharmaceuticals |
| 12.3.3.Construction |
| 12.3.4.Food & Beverages |
| 12.3.5.Others |
| 12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.GCC Countries |
| 12.4.2.South Africa |
| 12.4.3.Rest of MEA |
| 13. Latin America Industrial Packaging Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Drums |
| 13.1.2.Sacks |
| 13.1.3.Pails |
| 13.1.4.Crates |
| 13.1.5.IBC’s |
| 13.1.6.Corrugated Boxes |
| 13.1.7.Others |
| 13.2. Material Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Plastic |
| 13.2.2.Metal |
| 13.2.3.Wood |
| 13.2.4.Others |
| 13.3. End Users Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Automotive |
| 13.3.2.Pharmaceuticals |
| 13.3.3.Construction |
| 13.3.4.Food & Beverages |
| 13.3.5.Others |
| 13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Brazil |
| 13.4.2.Mexico |
| 13.4.3.Rest of LA |
| 14. Competition Landscape |
| 14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 14.2.1.Amcor Limited |
| 14.2.2.Sonoco Products Company |
| 14.2.3.International Paper Company |
| 14.2.4.Mondi Plc |
| 14.2.5.Westrock Company |
| 14.2.6.Orora Limited |
| 14.2.7.Sigma Plastics Group |
| 14.2.8.Greif Inc |
| 14.2.9.Bemis Company Inc |
| 14.2.10.Mauser Group GmbH |
| 15. Research Methodology |
| 16. Appendix and Abbreviations |
- Amcor Limited
- Sonoco Products Company
- International Paper Company
- Mondi Plc
- Westrock Company
- Orora Limited
- Sigma Plastics Group
- Greif Inc
- Bemis Company Inc
- Mauser Group GmbH