The industrial packaging market is estimated to grow to US$91.511 billion in 2026 from US$70.741 billion in 2019, growing at a CAGR of 3.75%. The market growth is attributed to the increasing demand from the end-user industries, rapidly growing population, higher disposable income of the consumers, and a surge in industrial activities.
The industrial packaging market has had a significant impact on the growth due to the outbreak of COVID. The industry witnessed a decline in the demand from the end-users such as construction, chemical, and various others. However, there has been an increase in the demand for industrial packaging solutions from food and beverages and pharmaceutical companies. At the time of the coronavirus outbreak, people resorted to panic buying and storing in bulks due to the fear of lockdown restrictions. A majority of people ordered fresh food and daily staple through online mediums this thereby increased the demand for bulk industrial packaging. The growth of the e-commerce sector also contributed to the growth of the packaging industry during the pandemic.
Market Drivers.
Market Restraints.
Market Developments:
The Asia Pacific to witness lucrative market growth.
The Asia Pacific region is estimated to grow at an increasing rate during the forecast period. This growth in the market is attributed to the growing population and increase in the industrial activities of the end-users. India and China are estimated to be the major countries that will be driving growth in this region. An increase in the consumption of bulk packaging products from developing countries will foster growth in the market. The demand for ready-to-eat and convenience food products is estimated to grow in the coming years which will grow the demand for industrial packaging.
Major Players.
The major market players in the industrial packaging are Ball Corporation, Crown Holdings, Inc., International Paper, Mondi Limited, Owens-Illinois, Inc., Sonoco, Orora Limited, Berry Global Inc., Sigma Plastics Group, and Greif Inc. These companies compete with each other by entering into a merger or acquisition. The companies expand production by setting up new manufacturing facilities. Thus, there is intense competition among the major players who are working hard to attain the leader position in the industry.
Report Metric | Details |
The market size value in 2019 | US$70.741 billion |
The market size value in 2026 | US$91.511 billion |
Growth Rate | CAGR of 3.75% from 2019 to 2026 |
Base year | 2019 |
Forecast period | 2021–2026 |
Forecast Unit (Value) | USD Billion |
Segments covered | Type, Material, Industry Vertical, And Geography |
Regions covered | North America, South America, Europe, Middle East and Africa, Asia Pacific |
Companies covered | Ball Corporation, Crown Holdings, Inc., International Paper, Mondi Limited, Owens- Illinois, Inc., Sonoco, Orora Limited, Berry Global Inc., Sigma Plastics Group, Greif Inc. |
Customization scope | Free report customization with purchase. |
Segmentation
By Type
Sacks
Containers
Pressure Vessels
Barrels
Others
By Material
Paper
Metal
Plastic
Glass
Others
By Industry Vertical
Chemical
Oil and Lubricants
Food and Beverages
Construction
Others
By Geography
North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
U.K
Germany
Italy
France
Netherlands
Spain
Others
Middle East and Africa
Israel
South Africa
Saudi Arabia
Others
Asia-Pacific
China
Japan
Australia
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the industrial packaging market size by 2026?
A1. The global industrial packaging market is estimated to reach a total market size of US$91.511 billion in 2026.
Q2. What are the growth prospects for the industrial packaging market?
A2. The industrial packaging market is estimated to grow at a CAGR of 3.75% during the forecast.
Q3. What is the size of the global industrial packaging market?
A3. Industrial Packaging market was valued at US$70.741 billion in 2019.
Q4. Which region holds the largest market share in the industrial packaging market?
A4. The Asia Pacific region is estimated to hold a significant share of the industrial packaging market owing to the growing population and increase in the industrial activities of the end-users.
Q5. What factors are anticipated to drive the industrial packaging market growth?
A5. The growing population, increase in the disposable income of the consumers, growth in industrial activities will boost the demand for industrial packaging in the market.
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Industrial Packaging Market Analysis, By Type
5.1. Introduction
5.2. Sacks
5.3. Containers
5.4. Pressure Vessels
5.5. Barrels
5.6. Others
6. Industrial Packaging Market Analysis, By Material
6.1. Introduction
6.2. Paper
6.3. Metal
6.4. Plastic
6.5. Glass
6.6. Others
7. Industrial Packaging Market Analysis, By Industry Vertical
7.1. Introduction
7.2. H Chemical
7.3. Oil and Lubricants
7.4. Food and Beverages
7.5. Construction
7.6. Others
8. Industrial Packaging Market Analysis, by Geography
8.1. Introduction
8.2. North America
8.2.1. North America Industrial Packaging Market Analysis, By Type
8.2.2. North America Industrial Packaging Market Analysis, By Material
8.2.3. North America Industrial Packaging Market Analysis, By Industry Vertical
8.2.4. By Country
8.2.4.1. United States
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. South America Industrial Packaging Market Analysis, By Type
8.3.2. South America Industrial Packaging Market Analysis, By Material
8.3.3. South America Industrial Packaging Market Analysis, By Industry Vertical
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. Europe Industrial Packaging Market Analysis, By Type
8.4.2. Europe Industrial Packaging Market Analysis, By Material
8.4.3. Europe Industrial Packaging Market Analysis, By Industry Vertical
8.4.4. By Country
8.4.4.1. U.K
8.4.4.2. Germany
8.4.4.3. Italy
8.4.4.4. France
8.4.4.5. Netherlands
8.4.4.6. Spain
8.4.4.7. Others
8.5. Middle East and Africa
8.5.1. Middle East and Africa Industrial Packaging Market Analysis, By Type
8.5.2. Middle East and Africa Industrial Packaging Market Analysis, By Material
8.5.3. Middle East and Africa Industrial Packaging Market Analysis, By Industry Vertical
8.5.4. By Country
8.5.4.1. Israel
8.5.4.2. South Africa
8.5.4.3. Saudi Arabia
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. Asia Pacific Industrial Packaging Market Analysis, By Type
8.6.2. Asia Pacific Industrial Packaging Market Analysis, By Material
8.6.3. Asia Pacific Industrial Packaging Market Analysis, By Industry Vertical
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. Australia
8.6.4.4. South Korea
8.6.4.5. India
8.6.4.6. Others
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Ball Corporation
10.2. Crown Holdings, Inc.
10.3. International Paper
10.4. Mondi Limited
10.5. Owens-Illinois, Inc.
10.6. Sonoco
10.7. Orora Limited
10.8. Berry Global Inc.
10.9. Sigma Plastics Group
10.10. Greif Inc.
Ball Corporation
Crown Holdings, Inc.
International Paper
Mondi Limited
Owens-Illinois, Inc.
Sonoco
Orora Limited
Berry Global Inc.
Sigma Plastics Group
Greif Inc.
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