Market Research Report
Industrial Packaging - Global Market Outlook (2020-2028)
|Industrial Packaging - Global Market Outlook (2020-2028)|
Published: May 5, 2021
Stratistics Market Research Consulting
Content info: 150+ Pages
Delivery time: 2-3 business days
According to Stratistics MRC, the Global Industrial Packaging Market is accounted for $58.80 billion in 2020 and is expected to reach $95.86 billion by 2028 growing at a CAGR of 6.3% during the forecast period. Factors such as increasing import & export activities, growing building & construction activities, and high consumer income are driving the market growth. However, fluctuations in raw material prices are hampering the growth of the market.
Industrial packaging is utilized to transport goods from the producer to the consumer. It is different from other types of packaging in thickness, strength, and the level of protection it provides for extended storage. It conserves the products and secures it from external contamination.
Based on the product, the corrugated boxes segment is anticipated to expand at a rapid pace during the forecast period owing to the growing demand for this product type across various applications in food & beverage, pharmaceutical and automotive industries. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the increasing working population as well as rising domestic demand for ready-to-eat food products.
Some of the key players profiled in the Industrial Packaging Market include Amcor Limited, Mondi PLC, Sonoco Products Company, International Paper Company, Sealed Air Corporation, Bemis Company Inc, Sigma Plastics Group, Greif Inc, WestRock Company, Orora Limited, Mauser Group , Schoeller Allibert, AmeriGlobe LLC , NEFAB Group, and Wuxi Sifang Drums Limited Company.
End Users Covered:
What our report offers:
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.