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Industrial Packaging Market Outlook-2023 | Key Drivers, Demand with Competitive Analysis

02-11-2021 04:46 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Industrial Packaging Market

Industrial Packaging Market

According to a new report published by Allied Market Research, titled, Industrial Packaging Market by Product, Material, and Application: Global Opportunity Analysis and Industry Forecast, 2017-2023, the global industrial packaging market was valued at $53,743 million in 2016, and is projected to reach at $69,787 million by 2023, registering a CAGR of 3.9% from 2017 to 2023. In 2016, the chemical & pharmaceutical segment accounted for approximately one-third share of the global market, in terms of revenue.

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Industrial packaging is used to pack products during or after manufacturing. These packed goods are often heavy, bulky, sensitive to the external atmosphere, and hazardous to the environment, this is necessary to conserve the product during storage and transit. Industrial packaging encompasses drums, intermediate bulk containers (IBCs), sacks, pails, crates, and totes, which are made of materials such as paperboard, plastic, metal, wood, and fiber.

Key Segments

The global industrial packaging market is segmented based on product, material, application, and geography. Based on the product, it is divided into drums, intermediate bulk containers (IBCs), sacks, pails, and crates/totes. On the basis of material, it is classified into paperboard, plastic, metal, wood, and fiber. Based on application, it is categorized into chemical & pharmaceutical, building & construction, food & beverage, oil & lubricant, agriculture & horticulture, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Players

The key players profiled in the report include Grief, Inc., Mondi PLC., Amcor Limited, Westrock Company, International Paper Company, Bemis Company, Inc., Orora Limited, Mauser Group, Sigma Plastics Group, and Wuxi Sifang Drums Limited Company.

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Key Benefits for Industrial Packaging Market:

The report provides an in-depth analysis of the current trends, drivers, and dynamics of the global industrial packaging market to elucidate the prevailing opportunities and tap the investment pockets.

It offers qualitative trends and quantitative analysis of the global industrial packaging market share from 2016 to 2023 to assist the stakeholders to understand the market scenario.

An in-depth analysis of the key segments demonstrates the product utilized in industrial packaging and their applications.

Competitive intelligence of the industrial packaging market highlights the business practices followed by key players across geographies and the prevailing market opportunities.

Key market players along with the strategies and developments are profiled to understand the competitive outlook of the industrial packaging market.

Speak to Our Expert Analyst @ https://www.alliedmarketresearch.com/connect-to-analyst/2234

Contact:
David Correa
Portland, OR, United States
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help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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