Global Industrial market was valued at US$ 56.8 billion in 2016, according to Global Industrial Packaging Market Report, by Product Type (Drums, Pails, Tubes, Containers, Sacks, Crates, Bulk Boxes, Intermediate Bulk Containers (IBCs), Plastic Pallets And Others), by Material (Plastics, Metals, Wood, Paper And Paperboard, Fiber And Fiberboard And Others), by End-Use Industry (Automotive, Electronics, Construction, Industrials, Food And Beverages, Chemicals, Oil & Lubricants And Agriculture And Horticulture), published by Coherent Market Insights. The Industrial packaging market is estimated to exhibit a CAGR of 6.1% over the forecast period (2017-2025), to reach US$ 97.2 billion by 2025.
The major divers propelling the global growth of the industrial packaging market include rapidly developing construction industry, increasing trend of recyclable packaging materials, increasing consumption of packaged food items, and growing industrialization in the emerging economies such as India, China, and Brazil.
Some of the major factors fuelling the growth of industrial packaging market include fluctuating prices of the raw materials used for the manufacturing of industrial packaging products, lack of marketing, branding, and distribution channels, costly skilled manpower, and rapid change in technology.
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Browse 150 market data tables* and 90 figures* on "Industrial Packaging Market” - Global forecast to 2025.
Key Trends and Analysis of Industrial Packaging Market:
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Some of the major players operating in the Industrial packaging market include AmeriGlobe LLC, Beacon Converters, Bemis Company, Aphena Pharma Solutions, Cascades Inc., International Paper Company, United Drug Plc, and Sigma Plastics Group.
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