Industrial Packaging Market Analysis, Innovation Trends and Current Business Trends by 2024

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Industrial Packaging Industry Business
Development Analysis and Future Challenges by
2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Industrial Packaging
Market

• North America is expected to show steady growth
  rate during the forecast period owing to
  developed economy, transport, and delivery
  infrastructures. Growing occurrence of chronic
  disease and increasing aging population will
  increase the demand in pharmaceutical and
  chemical segment in North America. The use of
  robotic systems for packages is expected to
  increase in demand in U.S. with the introduction
  of Food Safety Modernization Act.
• Germany and Italy are the major countries in
  Europe in terms of production of packaging
  machinery. Their major export countries include
  Saudi Arabia, Indonesia, Nigeria, Turkey,
  Malaysia and Iran. Thus, increased export of
  machinery in these countries will increase the
  demand for industrial packaging market.
• Asia-Pacific region is estimated to record
  fastest growth in terms of rising
  industrialization. Increased demand is
  characterized by quick adoption of technological
  advancements, rising volume of OEMs which drives
  the competitors to reduce the cost per package
  and provide sustainable products. Moreover, low
  labor cost, huge scope for FDI and stable growth
  in industries such as automotive, construction
  and healthcare will impact positively foe
  industry growth this region.

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• Application Analysis of Industrial Packaging
  Market
• By end use or application, industrial packaging
  market cater to various industries such as
  agriculture horticulture, building
  construction, automotive, chemicals
  pharmaceuticals, food beverage, engineering,
  metal products, plastic rubber, electronics,
  and furniture. Food beverage segment dominated
  overall demand and used more than 65 of flexible
  packing in 2015. This segment is expected show
  similar trend during the forecast period 2017 to
  2024.
• By type, the industry can be classified as rigid
  and flexible packing. Flexible segment includes
  paper plastic whereas rigid segment includes
  wooden, metal and plastic. Increased use of
  polyethylene terephthalate (PET) in place of
  heavy metal cans will impact positively on the
  market. The flexible type especially flexible
  plastic is expected to show higher growth rate
  owing to technological leaps in this segment.
• The industry is classified by material into
  metal, plastic, paper and wood and fiber. The
  plastic material segment is the most preferred
  type by the manufacturers owing to its various
  properties such as cost effective than other
  materials, can be molded in to specific shape
  size and durability.

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Competitive Market Share of Industrial
Packaging Market

• Some of the major companies in industrial
  packaging market are Sealed Air corporation,
  Amcor Limited, International paper, WestRock,
  Tekni-Films, Mondi Group, Sonoco, Bemish company,
  Schutz, AmeriGlobe, Mauser Group, Orora Group,
  B.A.G. Corporation, Greif Inc, Bulk handling,
  East India Drums Barrels manufacturing,
  Chem-Tainer industries, Corr-Pak Corporation,
  Halsted, Sigma Plastics Group, Wuxi Sifang Drums
  Limited company, Nefab, Hoovers Container
  Solutions, Intertape Polymer Group, Jumbo Bag,
  and LC packaging.
• The manufacturers are focusing on providing low
  cost, environmental friendly packaging solutions
  for the end users.

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