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Industrial Packaging Market

Industrial Packaging Market Size, Share, Competitive Landscape and Trend Analysis Report by Product (Drums, IBCs, Sacks, Pails, and Crates/Totes), Material (Paperboard, Plastic, Metal, Wood, and Fiber), and Application (Chemical & Pharmaceutical, Building & Construction, Food & Beverage, Oil & Lubricant, Agriculture & Horticulture, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023

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Author's: Ashmita Roy | Sonia Mutreja
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Industrial Packaging Market Outlook-2023

Global Industrial packaging market size was valued at $53,743 million in 2016, and is expected to garner $69,787 million by 2023, registering a CAGR of 3.9% from 2017 to 2023. Industrial goods are heavy, bulky, sensitive to external atmosphere, and hazardous to environment. Thus, it is necessary to conserve the product for longer time during storage and transportation specifically with hermetically sealed packaging and secured from external contamination. Industrial packaging is different from other types of packaging in thickness, strength, and the level of protection it provides for extended storage. Rise in building & construction activities in majority of the emerging economies especially in India and China, rise in food & beverages industry to meet the demand of growing population, and the rapid growth of exports, which requires superior packaging standards for the international market, are the major factors that are expected to the market growth during the forecast period.

Industrial Packaging Market



Manufacturing sector is witnessing a significant rise. Despite COVID-19, the manufacturing sector recovered quickly. According to the United Nations Industrial Development Organization, the manufacturing production in 2021 increased by 9.4%, from a COVID-19 induced drop of 4.2% in 2020. Moreover, sectors such as pharmaceutical, consumer products, and consumer electronics, have also witnessed a notable rise. For instance, Indian pharmaceutical sector witnessed a total foreign direct investment (FDI) inflow of $18.59 billion in the past two decades, from 2000 to 2021. Furthermore, owing to surge in average disposable income and increase in population, the consumer electronics industry is witnessing a rise. This rise is assisted by the advancements in technology and e-commerce across the world. Moreover, governments across the globe are offering tax benefits to the companies, in order to setup manufacturing facilities in their respective countries. Thus, in June 2021, HUL setup a facility in India to manufacture detergent soaps. Such factors and instances are anticipated to positively influence the manufacturing sector; thereby, driving the demand for the industrial packaging solutions.

However, according to the UN Environment Program, every year; around 400 million tons of plastic waste is produced, of which approximately 36% comes from plastic packaging. In addition, around 98% of single-use plastic is produced from fossil fuels. Furthermore, paper packaging also negatively impacts the environment. Such negative factors associated with packaging are anticipated to restrain the growth of the market.

Moreover, advancements in food packaging have introduced new types of packaging, such as smart packaging, anti-microbial packaging, and water soluble packaging. Such advancements in packaging technology are anticipated to provide lucrative opportunities for the industrial packaging firms.

The global industrial packaging market is segmented based on product, material, application, and geography. Based on product, it is divided into drums, intermediate bulk containers (IBCs), sacks, pails, and crates/totes. On the basis of material, it is classified into paperboard, plastic, metal, wood, and fiber. Based on application, it is categorized into chemical & pharmaceutical, building & construction, food & beverage, oil & lubricant, agriculture & horticulture, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Global Industrial Packaging Market Segmentation

Global Industrial Packaging Market Segmentation

In 2016, Asia-Pacific was the highest revenue contributor to the global market, owing to the increased manufacturing activities in the emerging economies, such as India and China, to meet the high demand by the rising population. China dominated the industrial packaging market, in terms of revenue, and accounted for more than half of the industrial packaging market share in Asia-Pacific in 2016.

Top investment pockets

The food & beverage segment is estimated to grow at the highest CAGR of 4.4% from 2017 to 2023. Industrial packaging plays a critical role in meeting food safety requirements. It maintains seamless and clean transition with minimal human contact from process and picking to packaging. The chemicals & pharmaceuticals segment is the second most attractive applications in the market. Large number of steel drum and rigid IBCs are required to store and ship the chemicals. The use of industrial bulk packaging in pharmaceuticals has increased due to increase in geriatric population and growth in chronic diseases. In 2016, the chemical & pharmaceutical segment accounted for the highest market share growing at a CAGR of 4.0%.

Global Industrial Packaging Market: Top Investment Pockets, By Application

Global Industrial Packaging Market: Top Investment Pockets, By Application

Segment Review

In 2016, the sacks segment accounted for the highest market share, growing at a CAGR of 2.7% during the forecast period. Advancement in the construction of multiwall sacks with high burst strength and tear resistance prevents product leakage. Moreover, sacks packaging optimizes cargo space without compromising protection, which has a key impact on the logistics and distribution costs.

LAMEA review

Growth in economies and rise in middle-class section in South & Central American countries, such as Brazil, Argentina, Costa Rica, and others, have led to growth of the food & beverages industry. Brazil’s large manufacturing base and well-developed agro-export industry are expected to drive the industrial packaging market growth. The Brazilian agro-products industry, with a global share of 25% in the food market, is the key factor that accelerates the market growth. Moreover, the building & construction activities in Brazil have increased rapidly with the growth in economy of the country. The rise in megaprojects can be seen throughout the region. Henrique de Campos Meirelles, minister of finance and an executive of the Brazilian and the international financial sectors stated that the megaprojects are expected to have an annual investment of $23 billion, boosting the market in the building & construction sector.

South & Central America Industrial Packaging Market, 2015-2023 ($Million)


The key players profiled in the report include Grief, Inc., Mondi PLC., Amcor Limited, Westrock Company, International Paper Company, Bemis Company, Inc., Orora Limited, Mauser Group, Sigma Plastics Group, and Wuxi Sifang Drums Limited Company.
The other key market players (not profiled in this report) in the value chain include Sealed Air Corporation, Tekni-Films, Inc., United Drug Plc., Vetter Pharma International, Aphena Pharma Solutions, Beacon Converters, Inc., Bilcare Research, Catalent Pharma Solutions, and Constantia Flexibles.

Key Benefits for Industrial Packaging Market:

  • The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global industrial packaging market to elucidate the prevailing opportunities and tap the investment pockets.
  • It offers qualitative trends and quantitative analysis of the global industrial packaging market share from 2016 to 2023 to assist the stakeholders to understand the market scenario.
  • In-depth analysis of the key segments demonstrates the product utilized in industrial packaging and their applications.
  • Competitive intelligence of the industrial packaging market highlights the business practices followed by key players across geographies and the prevailing market opportunities.
  • Key market players along with the strategies and developments are profiled to understand the competitive outlook of the industrial packaging market.

Industrial Packaging Market Key Segments:

By Product

  • Drums
  • IBCs
  • Sacks
  • Pails
  • Crates/Totes

By Material

  • Paperboard
  • Plastic
  • Metal
  • Wood
  • Fiber

By Application

  • Chemical & Pharmaceutical
  • Building & Construction
  • Food & Beverage
  • Oil & Lubricant
  • Agriculture & Horticulture
  • Others (Plastics & Rubber, Automobile, Engineering, and Other Metal Products)

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • South Korea
    • Japan
    • Rest of Asia-Pacific
    • Africa
    • Middle East
    • South & Central America

Industrial Packaging Market Report Highlights

Aspects Details
Industrial Packaging Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By PRODUCT TYPE
  • IBCS
Industrial Packaging Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By MATERIAL
  • WOOD
Industrial Packaging Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By APPLICATION
Industrial Packaging Market- Global Opportunity Analysis and Industry Forecast, 2017-2023 By Region
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players
Key Market Players


Analyst Review

Industrial packaging comprises drums, intermediate bulk containers (IBCs), sacks, pails, crates, and totes, which are made of materials such as paperboard, plastic, metal, wood, and fiber. It is used to pack numerous products intended to be used for industrial or commercial purposes, which facilitates distribution. It is designed to protect the consumer and industrial goods from shock & vibration and atmospheric, magnetic, and electrostatic forces during storage or transit.

The chemical & pharmaceutical is the largest application segment in the global industrial packaging market. Chemicals are sensitive to temperature, external weather condition and can be hazardous to environment, thus needs to be packaged durably. Surge in the consumption of chemicals by plastics, pharmaceuticals, paints & coatings, cosmetics, and other end-use industries has led to the growth in production of chemical, which drives the industrial packaging market. According to the National Institutes of Health report, the population of people above 65 years was estimated around 524 million in 2010, which is expected to grow to 1.5 billion by 2050 leading to increase in occurrences of chronic diseases. Increase in R&D for the development of new drugs drive the growth of pharmaceutical industry. Industrial packaging helps to preserve biologics, vaccines, drugs, and other temperature-sensitive pharmaceuticals products.

The evolution of manufacturing industries in the emerging economies, such as China and India, is the key driver for the market growth. In addition, rapid growth in the food & beverages industry to meet the demand for increasing population and the growth of exports and imports globally, which requires superior packaging standards for the international market, propel the market growth. Moreover, extensive R&D in industrial packaging is expected to create a positive impact on the market growth.

Author Name(s) : Ashmita Roy | Sonia Mutreja

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Industrial Packaging Market

Global Opportunity Analysis and Industry Forecast, 2017-2023