Industrial Packaging Market Size, Share, Opportunities, And Trends 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), And By Geography - Forecasts From 2025 To 2030

Industrial Packaging Market Size:

The industrial packaging market is expected to grow from USD 81.762 billion in 2025 to USD 103.756 billion in 2030, at a CAGR of 4.88%.

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.

Industrial Packaging Market Drivers:

• In the pharmaceutical industry, the demand for industrial packaging has been on the rise and will continue to grow as the drug and PPE manufacturers' companies are tackling this situation of crisis and increasing their production capacity.
• The demand for healthcare and household essentials has been on the rise during the pandemic and will continue to grow. This in turn will lead to a growing demand for industrial packaging solutions.
• Corrugated boxes are highly demanded in the market of industrial packaging. It is used across various industries such as food and beverages, pharmaceutical, and various others. The lightweight and convenient packaging solutions can be attributed to its growing demand.
• The growth of e-commerce will also increase the demand for corrugated boxes, thereby fostering growth in the market.
• In September 2020, Ball Corporation announced to invest $300 million to build an aluminum beverage packaging plant in Pennsylvania, U.S. This investment will help meet the demand for infinitely recyclable aluminum containers which are used for sparkling water, beer, spiked seltzer, and carbonated beverages category.

Industrial Packaging Market Restraints:

• The manufacturers of polypropylene are facing various challenges such as the fluctuating prices of the raw material. The price of plastic depends not only on the price of oil but also on the other market conditions. An increase in the price of raw materials will hinder growth in the market of industrial packaging.
• Recycling and raising concerns for the environment pose a challenge for industrial packaging companies.  At least 8 million tonnes of plastic leak into the ocean every year according to the World Economic Forum, which equates to each minute a garbage truck's contents are poured into the ocean. It is estimated that by 2030 this will increase to two per minute and four per minute by 2050, which will kill the habitat. About 90% of all garbage is plastic in the oceans. The estimates reveal the largest share is held by industrial packaging. Therefore, recycling in the industrial packing business becomes a big problem, offering reuse value and contributing to less pollution.

Industrial Packaging Market Developments:

• International Paper in 2019 successfully acquired two corrugated packaging facilities for US$ 71 million in France and Portugal from DS Smith. This acquisition will enable the company to effectively serve the customers and expand its capabilities.
• Crown Holdings in January 2021, announced to build a new beverage can manufacturing facility in Virginia. 
• In January 2021 International Paper announced to sell 90.38% of its ownership interest in Olmuksan International Paper to Mondi Group. It is expected that the transaction will close in the first half of 2021. The deal was made for approximately €66 million. This is in keeping with the strategy of International Paper to serve markets from an advantaged position.
• Visy Industries of Australia, a large packaging and recycling firm announced in July 2020 that it had acquired New Zealand and the Australian glass manufacturing business of Owens-Illinois Inc. The deal was worth US$ 715 million. This acquisition will enable Visy to increase its recycled content in glass bottles.   
• Sonoco one of the most diversified companies in global packaging announced in January 2020 that it had acquired Thermoform Engineered Quality, LLC, and Plastique Holdings, LTD, (together TEQ) which is a global manufacturer of thermoformed packaging serving the medical device, healthcare, and consumer markets from ESCO Technologies Inc. This deal was made for US$ 187 million

Industrial Packaging Market Geographical Outlook:

• 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.

Industrial Packaging Market 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.   

Industrial Packaging Market Segments:

• 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

    • USA

    • Canada

    • Mexico

  • South America

    • Brazil

    • Argentina

    • Others

  • Europe

    • Germany

    • France

    • United Kingdom

    • Spain

    • Others

  • Middle East and Africa

    • Saudi Arabia

    • UAE

    • Others

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Indonesia

    • Thailand

    • Others

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. INDUSTRIAL PACKAGING MARKET 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 BY MATERIAL

6.1. Introduction

6.2. Paper

6.3. Metal

6.4. Plastic

6.5. Glass

6.6. Others

7. INDUSTRIAL PACKAGING MARKET BY INDUSTRY VERTICAL

7.1. Introduction

7.2. Chemical

7.3. Oil and Lubricants

7.4. Food and Beverages

7.5. Construction

7.6. Others

8. INDUSTRIAL PACKAGING MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. USA

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. Germany

8.4.2. France

8.4.3. United Kingdom

8.4.4. Spain

8.4.5. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. China

8.6.2. India

8.6.3. Japan

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Competitive Dashboard

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.

11. APPENDIX

11.1. Currency 

11.2. Assumptions

11.3. Base and Forecast Years Timeline

11.4. Key benefits for the stakeholders

11.5. Research Methodology 

11.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Ball Corporation

Crown Holdings, Inc.

International Paper

Mondi Limited

Owens-Illinois, Inc.

Sonoco

Orora Limited

Berry Global Inc.

Sigma Plastics Group

Greif Inc.