Press release
Industrial Packaging Market 2020 Strategic Assessments - Sealed Air Corporation, Constantin Flexibles, Greif, Inc., Mondi Plc
Global Industrial Packaging Market - Growth, Trends, And Forecast (2020 - 2023)The report presents an in-depth assessment of the Global Industrial Packaging including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Industrial Packaging investments from 2020 till 2023.
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The Global Industrial Packaging market is highly competitive and consists of a number of major players. Companies, likeSealed Air Corporation, Constantin Flexibles, Greif, Inc., Mondi Plc among others.
Latest news and developments:
November 2017 - Constantia Flexibles introduced an interactive packaging solution for the food and pharmaceutical industries.
August 2017 - Sealed Air Corporation introduced OptiDure packaging technology, which combines two critical features- high abuse resistance and abrasion protection. This will impact the fresh red meat as well as smoked and processed meats segments.
April 2017 - Orora Visual launched specialized horticultural packaging division to reduce shipping time and significantly improve speed to market.
The global industrial packaging market was valued at USD 57.46 billion in 2017, and is expected to reach USD 71.98 billion by the end of 2023, registering a CAGR of 4.61% during the forecast period (2018 - 2023). The scope of the report is limited to type of packaging used in industrial packaging, such as intermediate bulk containers (IBCs), sacks, drums, and pails, among others, and end-user vertical such as automotive, manufacturing, food & beverages, chemicals, oil & lubricants, construction, retail, pharmaceutical, and personal care, among others. The regions considered in the scope of the report include - North America, Europe, Asia-Pacific, and Rest of the World.
Emergence of Sustainable and Recyclable Packaging Materials to Drive Growth of Industrial Packaging Market
Environmental concerns over safe disposal and recycling of packaging materials have led to the introduction of new policies and regulations, mandating companies to recover their packaging materials. Initially, consumer packaging materials were targeted, owing to the scale of packaging wastes generated. However, government and packaging organizations have started addressing the environmental effects involved in the use of industrial packaging. A steady rise in the demand for food & beverages and pharmaceuticals has contributed to a drastic increase in the use of industrial packaging materials. However, the environmental impact of disposed waste materials has become a grave concern. A recent study on using reconditioned industrial packaging materials has revealed that savings to the tune of millions of pounds of greenhouse gases can be accrued. These savings can be realized both for single and multi-trip solutions. For example, the use of recycled materials packaging can reduce greenhouse emissions by anywhere between 26-50%, depending on the material used.
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Key Market Trends:
Asia-Pacific to Dominate the Market Demand in Industrial Packaging
Asia-Pacific has been projected to be the largest market for industrial packaging solutions as of 2015, closely followed by Europe and North America. The industrial packaging sector remains susceptible to socio-economic changes. Demand remains strongly dependent on major end-user applications such as chemicals, food & beverages, pharmaceutical, and construction sectors.
Asia-Pacific is expected to retain its leading position over and beyond the reporting period, aided by strong growth in construction, pharmaceutical, and food & beverages sector, while Europe and North America are expected to record marginally similar market shares. Latin America and Middle East are likely to emerge as viable markets, however, the Asia-Pacific region is expected to record the highest growth rate over the reporting period.
Browse the Full report description and TOC at:
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The key insights of the Industrial Packaging Market report:
The report provides key statistics on the market status of the Industrial Packaging market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Industrial Packaging market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2023 market development trends of Industrial Packaging Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Industrial Packaging Industry before evaluating its feasibility.
Finally, Industrial Packaging Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Industrial Packaging industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.
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Pharmaceutical Packaging Market:
https://www.marketinsightsreports.com/reports/01241065220/global-pharmaceutical-packaging-market-segmented-by-material-plastic-glass-paper-type-of-packaging-jars-containers-tubes-caps-closures-and-geography-growth-trends-and-forecasts-2018-2023?Source=Openpr&Mode=R15
Metal Packaging Market:
https://www.marketinsightsreports.com/reports/01241064769/global-metal-packaging-market-segmented-by-type-of-security-cans-tins-and-boxes-caps-and-closures-foils-barrels-drums-material-steel-aluminum-industry-verticals-food-beverages-healthcare-medical-consumer-goods-and-region-growth-trends-and-forecast-2018-20?Source=Openpr&Mode=R15
Reasons to Purchase this report:
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How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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