Press release
Industrial packaging Market Pegged to Expand Robustly During 2018-2023 | Industry Size, Share, Trends, Analysis and Forecast to 2023
Global Industrial Packaging Market is expected to experience significant growth during forecast period:Market research future published a raw research report on Global Industrial Packaging market that contains the information from 2016 to 2022. Industrial Packaging market is expected to grow with the CAGR of approximately 5% from 2016 to 2022.
Taste the market data and market information presented through more than 85 market data tables and figures spread in 140 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Industrial Packaging Market Information from 2016 to 2022"
One of the key drivers responsible for the growth of industrial packaging market is growing trend in the chemical industry. This is because there is an increasing use of chemicals in the manufacturing industry. Other factors which drive the industrial packaging market are growing healthcare industry comprising of drugs and medicines for the U.S population. The overall global industrial packaging market is gaining popularity because of the innovation in products as well as customization of the products.
The report has been analyzed based on product, material, application and region. On the basis of product, sacks is expected to witness the high growth during the forecast period because of its lightweight characteristics and movable property. On the basis of material, plastic is expected attain maximum market share during the forecast period because plastic is highly preferred material. Based on application, chemical segment is expected to show staggering growth during the forecast period due to increasing use of chemicals in the manufacturing industries.
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Asia-Pacific accounts for the highest market share
Asia-Pacific region is expected to dominate the market due to low labor cost, growing industrialization, scope of FDI, and government regulations. The region has seen growth in industries such as construction, automotive and chemical which ultimately fuels the demand for such packaging. On the other hand, North America and Europe has a systematic process of transport and delivery because of which they are rated positively for development in industrial packaging.
Key Players
The key players of Global Industrial Packaging Market are Grief Inc. (U.S.), Mondi Group (South Africa), Amcor Limited (Australia), WestRock Company (U.S.), International Paper (U.S.), Bemis Company Inc. (U.S.), Orora Group (Australia), Mauser Group (Germany), Sigma Plastics Group (U.S.), and Wuxi Sifang Drums Limited Company (China).
This research report has provides the insights, on various levels of analyses such industry analysis, market share analysis leading market players and their profiles. This report also helps in studying the target segments by providing views on emerging & high-growth segments and market conclusion. Together the market data comprise and discuss with the basic assessments on the competitive scenarios & strategies, of the global industrial packaging market, including the high-growth regions, countries and their political, economic and technological environments. Furthermore the project report also provides the views over the historical market values as well as, pricing and cost analysis of the same.
Browse Full Report@ https://www.marketresearchfuture.com/reports/industrial-packaging-market-1897
Scope of the Report
This study provides an overview of the Global Industrial packaging market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Global Industrial packaging market as Packaging Type, Materials, Products and End-User.
By Packaging Type
• Flexible
• Rigid
By Materials
• Metal
• Plastic
• Paper
• Wooden
By Product
• Bags
• Boxes
• Sacks
• Barrels
• Tanks
• Others
By End-User
• Food & Beverages
• Construction
• Chemicals & Pharmaceuticals
• Electronics
• Others
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