Title: Industrial Packaging Market - Forecast(2022 - 2027)
1Industrial Packaging MarketMarket size,
Industry outlook, Market Forecast, Demand
Analysis, Market Share, Market Report 2022-2027
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- Industrial Packaging market size is forecast to
reach 90 billion by 2026, after growing at a
CAGR of 5.1 during 2021-2026. The growth is
attributed to the increased demand in end-use
industries such as food beverage and
pharmaceuticals. - During the forecast period, growth in modern
retailing, high consumer income, and acceleration
in industrial activities, especially in emerging
economies, are expected to support the growth of
the industrial packaging market. Also, the latest
market trend for major players in the market is
to innovate products in order to gain a stronger
foothold in the industry. - This pattern is expected to boost the growth of
the industrial packaging industry.
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- Key Takeaways
- Asia-Pacific dominates the Industrial Packaging
market, owing to the flourishing food and
beverage and chemical industry in the region.
Increasing per capita income coupled with the
increasing population are the key factors driving
the FB and chemical industry in the Asia Pacific
region. - Rapid RD worldwide has led to technological
advancements, which in turn are expected to drive
the industrial packaging market during the
forecast period. The invention of bioplastics
that are made up of sugar derivatives like
starch, cellulose, and lactic acid is one of the
most notable examples. - Furthermore, the use of robots in industrial
packaging is becoming more automated which is
expected to open new market avenues over the next
few years.
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Industrial Packaging Market Segment Analysis By
Material Industrial packaging is the most widely
used material type, owing to advantages such as
low weight and durability when compared to other
materials like wood and glass. Due to their
lightweight and durability, heavy metal cans are
increasingly being replaced. Furthermore,
increasing the use of a robotic device for
packaging is a growing trend in the industry
because it reduces the time-consuming task and
the possibility of error. As a result, the
adoption of advanced packaging technologies for
industrial product packaging would boost market
growth over the forecast period.
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- Industrial Packaging Market Industry Outlook
- Amcor Limited,
- BAG Corp,
- Chem-Tainer Industries,
- East India Drums Barrels,
- Sealed Air,
- International Paper,
- Mondi,
- Orora Packaging Australia,
- Sonoco Products Company,
- SCHÜTZ GmbHCo,
- Greif, WestRock Company,
- AmeriGlobe, MAUSER,
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Industrial Packaging Market - Forecast(2022 -
2027) Learn More About the Report _at_
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al-packaging-market-research-report-analysis.html
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- You Can Customize the Report as Per Your Need.
We have included Some Customization Options - Company Profile
- Analyst Briefing
- Data Tables
- Key Contacts
- Free Customization
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