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Industrial Packaging Market: By Product, By Material, By End User, and By Geography 2019-2030
Industrial Packaging Market: By Product, By Material, By End User, and By Geography 2019-2030
The Industrial Packaging Market was valued at US$ 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 US$ 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
Study Period
2024– 2030Base Year
2023CAGR
7.5%Largest Market
Asia PacificFastest Growing Market
Asia pacific
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.
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
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Report Benchmarks |
Details |
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Report Study Period |
2024– 2030 |
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Market Size in 2023 |
US$ 65,218.0 million |
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Market Size in 2030 |
US$ 1,07,802 million |
|
Market CAGR |
7.5% |
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By Product |
|
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By Material |
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By End User |
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Download Free Sample Report
The Industrial Packaging Market was valued at US$ 65,218.0 million in 2023 and is projected to reach US$ 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.
| 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 |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.