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Food & beverage is estimated to be the largest segment in the industrial packaging market

 

The global industrial packaging market size is projected to grow from USD 58.8 billion in 2020 to USD 72.6 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast year.

Driver: Increased demand for industrial packaging from chemical and construction industry

The increased production in many industries and trade of products, such as chemicals and petroleum products, have boosted the demand for bulk packaging and crates/totes. Industrial packaging companies cater to various end-use industries, such as building & construction and chemical. The growing trade among countries and the safe transportation of products lead to an increased demand for effective industrial packaging from these industries. The rise in demand from the chemicals and petroleum industries is a major growth driver of the industrial packaging market. 


APAC region to lead the global industrial packaging market by 2025

The APAC region accounted for the largest market share in 2019. Factors such as improving global economy, expanding working population, rising domestic demand for ready-to-eat & convenience food products are expected to boost the market for industrial packaging. The market for industrial packaging in APAC is growing in the afood, automotive, chemical, pharmaceutical, and construction industries due to the functional properties offered by industrial packaging, such as safety, cost-effectiveness, durability, strength, lightweight, environmental-friendliness, and logistical convenience.

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Greif Inc. (Grief) is a key manufacturer of industrial packaging products & services, and it offers a range of industrial packaging products such as plastic drums, steel drums, fibre drums, reconditioned containers, intermediate bulk containers, flexible products, uncoated recycled paperboard, containerboard, coated recycled paperboard, tubes and cores. The company through its strategic developments aims to strengthen its customer base and product offering globally.

Berry Global Inc. is one of the key manufacturers and suppliers of a range of rigid and flexible industrial packaging products. Berry Global focuses on expanding its customer base in various regions by offering attractive products for industrial packaging. The company emphasizes on delivering high-quality tailor-made solutions to its customers and on manufacturing products that are designed using the latest unique manufacturing technologies.

 

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