Industrial Packaging Market
                     Summary 
Global Industrial Packaging Market Size, Share, Growth, Trends, Analysis, Future Scope: By 
Packaging Type (Flexible & Rigid), Materials (Metal, Plastic, Paper, And Wooden), Products 
(Bags, Boxes, Sacks, Barrels, Tanks, And Others), End-User, And Region - Global Forecast To 
2023 
Industrial Packaging Market Scenario 
The global Industrial Packaging Market is expanding at an incremental pace and is set to 
capture a CAGR of 5% over the forecast period of 2017-2023, proclaims Market Research 
Future (MRFR) in a comprehensive research report. The global Industrial Packaging is 
observing persistent growth due to the growth in end-use industries which generates 
demand for packaging. The rise in trading activities across the world supports the growth of 
the global Custom Packaging Boxes Market. Import and export of goods require high-quality 
packaging to prevent them from damage and enable safe transportation. Growth in 
industries such as chemical, construction, and pharmaceuticals further stimulate the growth 
of the market. Improvements and advances in the packaging process and techniques result 
in better quality packaging and efficient use of resources which is also a driving factor in the 
growth of the market. On the downside, the growth of the market might be hindered by 
pricing pressures and stringent regulations pertaining to the environment and employee 
safety. However, development of biodegradable materials as packaging materials is expected 
to provide opportunities for market expansion. 
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Industrial packaging is utilized to transport goods from the producer to the consumer. In the 
supply chain, many times the goods are delivered from manufacturing center to the 
distribution center, where the goods are packaged for the consumers. The increase in the 
demand for the industrial packaging is predicted to be propelled mainly by the development 
of the end-user industries such as good & beverages, construction, chemicals & 
pharmaceuticals, electronics, and others.  
Market Segmentation 
The global Industrial Packaging Market has been segmented based on packaging type, 
materials, products, and end-users. By packaging type, the market has been segmented into 
flexible & rigid. The flexible packaging segment is leading the market owing to the growing 
need for plastic-based packaging products and diverse application of flexible packaging in 
various industry verticals. By materials, the market has been segmented into metal, plastic, 
paper, and wood. The plastic dominated the market in 2016 and is expected to be the fastest 
growing market over the forecast period due to high efficacy of plastic as an industrial 
packaging material. By products, the market has been segmented into bags, boxes, sacks, 
barrels, tanks, and others. The box segment dominated the market in 2016 and is expected 
to witness growth over the forecast period. By end-user, the market has been segmented into 
food & beverages, construction, chemicals & pharmaceuticals, electronics, and others. 
Competitive Landscape 
The key players operating in the global Industrial Packaging Market include Greif, Inc. (U.S.), 
Greif, Inc. (U.S.), International Paper Company (U.S.), Orora Limited (Australia), Sigma 
Plastics Group (U.S.), NEFAB GROUP (Sweden), AmeriGlobe LLC (U.S.), Sealed Air 
Corporation (U.S.), Mondi plc (Austria), WestRock Company (U.S.), Bemis Company, Inc. 
(U.S.), Mauser Group (Germany), Wuxi Sifang Drums Limited Company (China), Sonoco 
Products Company (U.S.), and Schoeller Allibert (The Netherlands). 
Regional Analysis 
The global Industrial Packaging Market spans across the regions of North America, Europe, 
Asia Pacific, and the Rest of the World (RoW). Asia Pacific is the largest market for industrial 
packaging and is driven by increasing industrialization in the region. Availability of relatively 
cheap labor, the upsurge in economy and attractiveness for FDI fosters rapid 
industrialization in Asia Pacific which induces high demand for industrial packaging. In 
addition, rising consumer spending and increased international trade in the region provides 
an impetus to the growth of the market. North America follows Asia Pacific closely, and the 
market is growing due to the rise in import and export activities in the region. North 
American Free Trade Agreement (NAFTA) is projected to boost the market growth further. 
Europe market for industrial packaging is also a steady one owing to strong demand from 
the food & beverage and pharmaceutical industries. 
Industry Updates 
In June 2018, Stone Canyon Industries (SCI) announced the acquisition of a US-based 
container solutions and services provider Industrial Container Services (ICS) for USD 1 
Billion. The transaction was made through BWAY Holding Company (BWAY), which is a 
subsidiary to SCI and a global supplier of industrial rigid packaging products and services. 
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