Global $53.73 Bn Industrial Packaging Market to 2022

The Global Industrial Packaging Market was USD 53.73 billion in 2016 and is estimated to reach USD 72.24 billion by 2022 at CAGR of 5.06% during the forecasted period.

Industrial packaging offers a protective packaging to the industry for the machinery as well as other tools. This type of packaging not only protects the tools but also provides a cost effective alternative combined with its growing applications.

Asia-Pacific will be the fastest growing region in the global industrial packaging market, during the forecast period. The emerging economies of China, India, Thailand, Malaysia, South Korea and Vietnam are supporting the regional industrial packaging market. Markets in these regions have demands for safe handling, storage and transportation from various industries such as electronics, oil and gas, petrochemicals, automotive, agriculture, chemicals, construction, metal fabrication and food and beverages.

The meticulous safety and environmental regulations are allowing these industries to develop and innovate eco-friendly and degradable packaging products. The North American and European markets for industrial packaging are being driven by technological advancements for product development in packaging. The South American market too is seen as a flourishing ground for significant growth, during the forecast period, due to growing industrial set ups, increasing disposable incomes and rise in living standards.

Proper packaging for safe material handling, storage and transportation is required across various applications, ranging from products of daily use to industrial machinery. The demand for industrial packaging is increasing due to the growing applications in various industries such as chemicals, construction and infrastructure, oil and gas, petrochemicals, automotive, industrial machinery, food and beverages, agriculture and metal fabrication. The high input costs along with limited recycling and environmental concerns are the major challenges being faced by the global industrial packaging market, which are likely to inhibit its growth, during the forecast period.

The corrugated industry continues to struggle, regrouping from the huge decline in shipments it experienced nearly a decade ago. Anti-counterfeiting packaging markets will continue to grow by great margins, as CPGs and retailers struggle to bring this spread under control. The acquisition of packaging giant WTC will expand Scott's range of sustainable pallets and provide additional operational capacity and capability nationally, particularly in the reconditioned business.

Key Topics Covered:

1. Research Methodology

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Global Industrial Packaging Market Segmentation, Forecasts and Trends - By Revenue

6. By Type

7. By Component

8. By Industry

9. By Region

10. Vendor Market Share Analysis

11. Company Profiles

12. Industry Structure

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/research/rnqzv8/global_industrial

About Research and Markets

Research and Markets is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Media Contact:

Laura Wood, Senior Manager
press@researchandmarkets.com  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716