Industrial Packaging Market Size, Share, Opportunities, COVID 19 Impact, 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 2021 To 2026

Published:  Apr 2021 Report Code: KSI061611032 Pages: 131

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.

Impact of COVID on the Industrial Packaging Market:

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.

  • 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

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.

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

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.   

Industrial Packaging Market Scope:

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.

Pricing

Explore Custom Options available with this study:

  •  Request customization
  •  Buy sections of the study
  •  Buy country specific report
  •  Request excel, Historical data
  •  Subscription inquiry
  •  Request special pricing

Our Value Proposition

Analyst Support

All our studies come with 2 months of analyst support.


Confidentiality

We are in compliance with the global privacy laws.

Connect With Us