Press release
Industrial Packaging Market 2021-2025 Forecast and COVID-19 Impact on Business, Industry, Revenue and Actionable Insights-WERIT Kunststoffwerke Schneider GmbH & Co. KG, Mondi PLC, Greif Inc
Industrial Packaging Market by Component, Application, Services, and Region- Forecast to 2026The Global Industrial Packaging Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Industrial Packaging business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Industrial Packaging worth chain and its wholesaler examination. Industrial Packaging Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The Industrial Packaging Market was valued at USD 58.91 Billion in 2019 and is estimated to be worth USD 73.01 billion by 2025, registering a CAGR of 3.53% during the forecast period (2020 - 2025).
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Top Leading Companies of Industrial Packaging Market are WERIT Kunststoffwerke Schneider GmbH & Co. KG, Mondi PLC, Greif Inc., Mauser Packaging Solutions, Global-Pak, Inc., Berry Global Inc., Smurfit Kappa, Tank Holding Corp., International Paper Company, Veritiv Corporation, Nefab AB, SCHTZ GmbH & Co. KGaA DS Smith PLC, Amcor PLC and others.
-Industry News And Updates on Industrial Packaging Market-
United States to Account for a Significant Market Share
- The North American region is one of the largest regions for the pharmaceutical plastic packaging industry due to its large pharmaceutical manufacturing base and the ability to introduce technological advancements to pharmaceutical packaging. According to PMMI, The Association for Packaging and Processing Technologies, there are more than 700 North American Manufacturers of equipment, components, and materials for processing and packaging.
- The industrial packaging market in the United States is bolstered by the presence of major market players and dynamic manufacturing industries, such as chemicals, pharmaceuticals, food and beverages, and automotive.
-Key Market Trends Industrial Packaging Market-
Emergence of Sustainable and Recyclable Packaging Materials to Drive the Market Growth
- Sustainability defines the present state and the foreseeable future of package design and corporate responsibility. Sustainable packaging is proving to be a better option for the environment, in addition to being an excellent investment.
- The growing 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. International standards for packaging vary and are based on a host of different regulations. Most standards mandated are voluntary as of now. However, there is a continued push for stricter regulations for packaging materials and their recyclability.
-Competitive Landscape On Industrial Packaging Market-
Jun 2020 - Mondi Group announced a EUR 7 million investment in state-of-the-art paper sack converting machine at Mondi's plant in Nyregyhza, Hungary. The machine will increase the plants quality, efficiency and service standards to produce high-end and sophisticated paper sacks for food purposes.
- Apr 2020 - Greif Inc., expanded its IBC reconditioning network in North America by acquiring a minority investment stake in Centurion Container LLC. This partnership will enhance its capability in sustainable packaging solutions and increase its customer satisfaction rate.
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Reasons for purchasing this Report-
-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Industrial Packaging in to ultimately get accurate results.
-Analyst Support: Get you query resolved by speaking to our research analysts before and after purchasing the report.
-Customer Satisfaction: Our team of research analysts will accommodate all your Industrial Packaging research needs and customize the report accordingly.
-Long-standing experience: Our team of analysts will offer elaborate and accurate insights pertaining to the Industrial Packaging Market
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