A Detailed Analysis of the Industrial Packaging Market Based on Increasing Globalization of Supply Chains, Heightened Focus on Sustainability, Rising Demand for Automated Packaging Processes, and Regulatory Standards
Industry: Industrial Automation
Published Date: November-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 188
Report ID: PMRREP33561
The global Industrial Packaging market is forecasted to expand at a CAGR of 3.8% and thereby increase from a value of US$67.2 Bn in 2023, to US$87.2 Bn by the end of 2030.
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Attributes |
Key Insights |
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Industrial Packaging Market Size (2023E) |
US$67.2 Bn |
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Projected Market Value (2030F) |
US$ 87.2 Bn |
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Global Market Growth Rate (CAGR 2023 to 2030) |
3.8% |
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Historical Market Growth Rate (CAGR 2018 to 2022) |
3.2% |
Industrial packaging pertains to the distinct requirements of industrial commodities throughout the processes of conveyance, retention, and manipulation. It comprises an extensive array of materials and containers that are specifically designed to safeguard products against a variety of risks, including moisture, impact, and temperature variations. Ensuring the safety and integrity of industrial commodities throughout the supply chain is the principal aim.
Industrial packaging is of critical importance as it serves to protect machinery, chemicals, and hefty equipment, thereby making a significant contribution to the overall effectiveness and dependability of the industrial sector. The increasing intricacy of industries has led to a growing need for inventive and tailored industrial packaging solutions, which in turn has spurred progress in materials and design.
Multiple factors contribute to the expansion of the worldwide industrial packaging market. To begin with, the growth of the manufacturing industry, especially in developing countries, stimulates the need for streamlined and reliable packaging methods that ensure the secure transportation of merchandise. Furthermore, to adhere to safety and environmental regulations, industries such as pharmaceuticals and chemicals are obligated to utilize sturdy packaging in accordance with stringent quality standards and regulations.
The growing emphasis likewise impacts the market on sustainable practices, as demand for eco-friendly packaging materials and designs increases. Furthermore, the expansion of electronic commerce and international commerce intensifies the demand for dependable industrial packaging alternatives that can endure the rigors of extensive transportation and diverse handling circumstances.
An important factor propelling the worldwide industrial packaging market is the consistent growth of the manufacturing industry, with emerging economies serving as a particular hub of activity. The current upswing is driven by a multitude of interrelated elements that collectively enhance the need for streamlined and customized packaging solutions.
In tandem with the industrialization of developing nations, the production of a wide variety of products, including chemicals, electronics, machinery, and automotive components, increases. The rapid expansion of the manufacturing sector requires resilient packaging solutions that can guarantee the security and protection of these goods during transit along the supply chain.
A domino effect of the expanding manufacturing sector impacts the industrial packaging market. An upsurge in manufacturing output necessitates the development of dependable packaging materials and designs that effectively protect goods from potential dangers while in storage, transit, and handling. As sectors expand their activities in response to a swiftly changing market, industrial packaging assumes an increasingly critical role.
Manufacturers are in pursuit of packaging solutions that not only safeguard their products but also improve the overall efficacy and cost-effectiveness of the supply chain. As a result, this drives the development and innovation of cutting-edge packaging materials and technologies for industrial use to satisfy the ever-changing demands of various sectors.
The worldwide industrial packaging market is confronted with substantial barriers due to the increasing complexities linked to environmental sustainability. The growing recognition of environmental concerns and the necessity to embrace environmentally sustainable practices impose a significant limitation on conventional packaging materials and techniques.
Regulatory entities and consumers are increasingly demanding that industries reassess their packaging decisions to lessen the environmental impact of industrial activities.
One significant obstacle that the worldwide industrial packaging market encounters is the unpredictable nature of raw material costs. A wide variety of materials, including paper, plastics, metals, and other specialized substances, are utilized extensively on the market. Variations in the costs of these primary resources can have a substantial influence on the overall cost framework of manufacturing industrial packaging.
Substantial price fluctuations can occur unexpectedly due to the complex interaction of geopolitical elements, market demands, and supply chain disruptions. The industrial packaging sector is confronted with a multitude of challenges stemming from the volatility observed in raw material prices. Unexpected spikes in prices have the potential to drive up production expenses, thereby reducing the profit margins of manufacturers.
The explosive expansion of the worldwide industrial packaging sector is being propelled by the opportunistic incorporation of intelligent technologies into packaging solutions. The implementation of Industry 4.0, and the Internet of Things (IoT) has brought about a significant transformation in the industrial domain, including the packaging sector. Intelligent packaging, which incorporates RFID identifiers, sensors, and other embedded technologies, offers industries a paradigm shift in the pursuit of increased functionality, real-time monitoring, and enhanced supply chain visibility.
The incorporation of intelligent technologies into industrial packaging provides a multitude of advantages while addressing critical challenges confronted by industries. The integration of real-time monitoring functionalities provides organizations with enhanced oversight regarding the whereabouts and state of their goods across the entire supply chain. This feature not only enhances the effectiveness of inventory management but also empowers prompt reactions to possible disruptions, thereby mitigating the likelihood of damage or loss while in transit.
The insights into the complete logistics process that smart packaging generates enable businesses to optimize operations, increase efficiency, and reduce expenses. In addition, the utilization of intelligent packaging facilitates the execution of predictive maintenance tactics, enabling sectors to detect and resolve concerns prior to their worsening, thereby enhancing the overall dependability of equipment.
The significant expansion of the worldwide industrial packaging market is being propelled by a convergence of factors that emphasize its critical importance in the contemporary industrial environment. A significant factor driving this expansion is the burgeoning manufacturing industry, particularly in developing countries. As sectors increase their manufacturing capabilities, there is a corresponding rise in the need for resilient and effective packaging solutions. This phenomenon is especially conspicuous in industries such as automotive, electronics, and chemicals, where the preservation of various products during transport and storage requires customized and secure packaging.
Increased emphasis is being placed on transparency and sustainability in the relationship between manufacturers and consumers within the industrial packaging market. There is a growing trend among manufacturers to implement environmentally sustainable packaging materials and methods as a reaction to rigorous environmental regulations and evolving consumer tastes. This transition is the result of a cooperative endeavor between manufacturers and consumers to conform to sustainable principles, thereby establishing a supply chain that is more environmentally aware.
As consumer consciousness and environmental knowledge increase, they wield power by preferring products packaged in materials that possess minimal ecological repercussions. The ever-evolving demands of environmentally conscious consumers are motivating manufacturers to investigate and allocate resources towards sustainable packaging solutions, thereby stimulating market innovation.
To conclude, the expansion of the manufacturing sector, the evolution of consumer preferences toward sustainability, technological advancements in smart packaging, and the shifting dynamics of international trade all contribute to the robust growth of the global industrial packaging market. Consistent innovations and cooperative endeavors between manufacturers and consumers position the market for a revolutionary and ever-changing trajectory in the coming years.
Prominent entities such as Amcor plc, International Paper Company, and DS Smith Plc wield considerable sway over the industrial packaging market. These leaders in the industry have an extensive international reach, delivering inventive and varied packaging solutions on every continent. The countries that have implemented industrial packaging to a significant extent are India, the United States, China, and Germany.
As an illustration, the United States, renowned for its resilient manufacturing industry, is extremely dependent on industrial packaging to safeguard and transport products. China, being a dominant force in manufacturing, makes a significant contribution to the market by making extensive use of industrial packaging for its export-oriented sectors. The automotive and precision engineering industries in Germany are significant consumers of specialized industrial packaging, demonstrating the market's flexibility in meeting diverse industrial requirements.
Strategic initiatives are being employed by the dominant actors in the industrial packaging market to shape the landscape actively. Amcor plc is a market leader in eco-friendly solutions, investing in recyclable and reusable packaging alternatives to promote sustainability. By increasing supply chain visibility, International Paper Company's emphasis on technological integration, including intelligent packaging solutions, is influencing the market's trajectory.
By adopting a customer-centric strategy, DS Smith Plc is tailoring packaging solutions to exact industry requirements, thereby demonstrating the market's flexibility and receptiveness to changing consumer needs. These prominent entities, through their advocacy for sustainability, innovation, and customer-centric approaches, play a crucial role in establishing benchmarks within the industry and shaping the trajectory of the worldwide industrial packaging sector.
Pallets Remain Dominant Owing to Higher Adaptability, and Extensive Application
Pallets are positioned to hold the most significant market share in the industrial packaging sector. Pallets maintain their dominant position due to their adaptability and extensive application in numerous industries, particularly in the transportation and logistics sectors. By providing a standardized and efficient method for storing and handling products, pallets are a pillar of the industrial packaging industry.
Although pallets currently hold the largest market share, it is expected that the foldable cartons segment will undergo the most rapid growth. Folding cartons are in high demand due to their versatility, environmentally favorable characteristics, and ability to accommodate a vast array of products. With the growing emphasis on sustainable packaging solutions across industries, the folding cartons segment is anticipated to experience substantial growth. This can be attributed to the segment's adaptable nature and environmentally friendly appeal.
Plastic-based Applications to Generate Maximum Revenue Owing to Multipurpose Nature, and Higher Resilience”
It is anticipated that the plastic packaging segment will hold the most significant market share within the industrial packaging market. The extensive utilization of plastic packaging can be ascribed to its multipurpose nature, resilience, and economical price, which have rendered it a favored option in numerous sectors. Plastic packaging provides an extensive array of solutions to meet the varied requirements of the industrial sector, including containers and films.
Although plastic continues to hold a larger market share, it is anticipated that the metal packaging segment will experience the most rapid expansion. The inherent strength, recyclability, and suitability of metal packaging to maintain the integrity of products such as food and substances all contribute to its high demand.
With industries placing greater emphasis on environmentally friendly and sustainable packaging alternatives, the metal sector is positioned for substantial growth, propelled by its robustness and positive environmental impact.
F&B Solutions to Register the Maximum Adoption Owing to Secure and Economic Packaging Requirements
With respect to industrial packaging, it is anticipated that the Food and beverage sector will hold the most significant market share. This sector holds a leading market position due to the persistent need for secure and efficient packaging solutions in the food and beverage industry. This demand is primarily motivated by convenience, the desire to extend shelf-life, and adherence to regulatory requirements.
Concurrently, the greatest growth is anticipated in the healthcare sector. The escalating demand for high-quality packaging within the healthcare industry, driven by rigorous regulatory standards and the imperative to guarantee the security of pharmaceuticals and medical devices, stimulates the substantial growth of this sector.
With the progression of healthcare necessitating specialized and secure packaging, the healthcare sector is anticipated to experience rapid expansion within the industrial packaging industry.
North America is positioned to have the largest market share in the global industrial packaging market. The region's success can be ascribed to its well-established industrial sector, sophisticated manufacturing capacities, and resilient logistical infrastructure.
Prominent sectors in North America, such as pharmaceuticals, electronics, and automotive, sustain a steady need for dependable and effective industrial packaging solutions. Additionally, the region's rigorous regulatory frameworks serve to reinforce the demand for packaging of superior quality, thereby consolidating North America's standing as a significant participant in the worldwide industrial packaging market.
Simultaneously, it is anticipated that South Asia, and Oceania will witness the most rapid expansion in the industrial packaging sector. The expansion above is driven by accelerated industrialization, a growing manufacturing sector, and heightened trade engagements in nations including India, China, and Australia.
The increasing presence of a manufacturing center in South Asia, and the thriving e-commerce industry in the region collectively contribute to the growing need for a wide range of industrial packaging solutions.
With ongoing infrastructure development and strong economic growth, the South Asia, and Oceania region is poised to experience rapid expansion in the industrial packaging market. This presents substantial prospects for manufacturers and stakeholders in the industry.
The industrial packaging sector is characterized by intense competition, wherein market leaders, including DS Smith Plc, Amcor Plc, and International Paper Company, utilize diverse approaches to maintain and increase their market presence. Sustainability is a strategic priority for Amcor plc, a multinational packaging corporation, to strengthen its market position. Significant investments are being made in research and development to create innovative, eco-friendly packaging solutions.
Amcor endeavors to meet the growing need for environmentally sustainable packaging by creating materials that possess three key attributes: recyclability, biodegradability, and a diminished ecological impact. Amcor was able to secure a significant portion of the market by adopting this proactive strategy, which was in line with shifting consumer preferences and regulatory pressures towards environmentally conscious practices.
In brief, the market leaders in industrial packaging are employing strategic differentiation methods that emphasize customer-centricity, technological innovation, and sustainability. These tactics not only facilitate their entry into the current market but also position them advantageously to confront forthcoming industry developments and obstacles, thereby guaranteeing their continued supremacy in the fiercely competitive international market.
New Product Launch
In May 2022, the refuse sack division of Berry Global in the United Kingdom introduced a new line of durable refuse sacks made from recycled polymers. Produced at the organization's manufacturing facility in Heanor, Derbyshire, the recyclable containers would be distributed throughout the United Kingdom.
Market Impact: Berry Global's refuse sack division in the United Kingdom has launched a novel collection of long-lasting refuse sacks crafted from recycled polymers. This development represents a favorable advancement towards sustainability within the worldwide industrial packaging sector. This advancement is consistent with the growing need for environmentally sustainable packaging alternatives, demonstrating a transition towards circular economy principles. Berry Global proactively aligns its product line with recycled materials, thereby supporting the industry-wide endeavor to mitigate environmental damage and satisfy the increasing demands of consumers and regulatory bodies for sustainable packaging alternatives.
(Source: Berry Global)
Product Collaboration
Spadel and DS Smith PLC unveiled a novel 5-liter container in June 2022, the construction of which is both sustainable and functional through innovative means. The Eco Pack was developed in collaboration with market champions who are experts in sustainable packaging solutions and natural mineral water, respectively. Carton octagons are enclosed in flexible plastic bags with a capacity of 5 liters of liquid. Its efficient material utilization reduces plastic usage by 65 percent and extends the water's expiration life.
Market Impact: The joint venture between Spadel and DS Smith PLC, which resulted in the introduction of the groundbreaking 5-liter Eco Pack, has a substantial beneficial influence on the worldwide market. By employing a sustainable packaging solution that incorporates carton octagons encased in flexible plastic bags, this product effectively prolongs the expiration life of the packaged water while also reducing plastic usage by 65 percent. This advancement is consistent with the growing emphasis of the industry on sustainable alternatives and effective material utilization, establishing a model for environmentally aware procedures in the worldwide industrial packaging sector.
(Source: DS Smith Media)
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Attribute |
Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The global market for is anticipated to grow at a CAGR of 3.8% during the projected period.
The global industrial packaging market size in terms of revenue is around US$67.2 Bn as of 2023.
The United States holds the largest market value share as of the year 2023.
Some of the biggest names in the global industrial packaging industry include Amcor plc, International Paper Company, Sealed Air Corporation, Smurfit Kappa Group plc, Sonoco Products Company, and WestRock Company.
While F&B industry continues to register the maximum adoption of industrial packaging solutions, the healthcare industry has been identified as a the fastest-growing market segment throughout forecast period.
