Industrial packaging is gaining momentum due to innovative packaging solutions and customization available for these, according to customers’ requirements. The global industrial packaging market has been segmented on the basis of type, material, product, and end-user industry. The demand for industrial packaging is increasing on account of growing application in various industries such as chemicals, construction and infrastructure, oil and gas, petrochemicals, automotive, industrial machinery, food and beverages, agriculture and metal fabrication.
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On the basis of packaging type, the global market has been segmented into rigid and flexible. On the basis of material, the global market has been categorized into metal, plastic, paper and wood. On the basis of packaging type, the global market has been segmented into drums, intermediate bulk containers, crates, sacks and pails.
On the basis of end-user industry, the global market has been segmented into chemicals and petrochemicals, agriculture and horticulture, building and construction, oil and lubricants, food and beverages, electronics and others.
The global industrial packaging market is expected to witness significant growth, during the forecast period (2016-2022), owing to various factors such as growing demand for packaging in APAC, high demand from food and beverages industry, stringent safety regulations, and technological advancements.
Asia-Pacific is expected to 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 driving the regional industrial packaging market.
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Some of the key players in the global industrial packaging market include Avery Dennison Corporation, 3M Company, CCL Industries, Inc., Smurfit Kappa Group Plc., Grief Inc, Nefab AB, International Paper Company, SCHÜTZ GmbH & Co. KGaA, Bosch Packaging Technology, H.B. Fuller Co.
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