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Industrial Packaging Market Report 2023-2032: Market Size, Statistics, Trends And Share Analysis | Grief Inc., Mondi PLC, Amcor Limited, Westrock Company, International Paper Company
Industrial Packaging Market
The Business Research Company's Industrial Packaging Global Market Report 2023 identifies increase in demand for food products as the major driver for the Industrial Packaging market's growth in the forecast period. Demand for packaged foods is rising as a result of changes in consumer preferences, governmental regulations, and food storage. Many consumers now choose packaged food over unpackaged food as a result of the epidemic's growing food safety issue.
The global industrial packaging market size grew from $69.66 billion in 2022 to $75.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The industrial packaging market size is expected to grow to $95.3 billion in 2027 at a CAGR of 6.2%.
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Major competitors in the Industrial Packaging market are Grief Inc., Mondi PLC, Amcor Limited, Westrock Company, International Paper Company.
A key trend in the Industrial Packaging market includes technological advancement. Artificial intelligence is helping firms employ computers and algorithms to produce better packaging solutions. AI is used in inspection, data labeling, recycling products, and various other applications. In April 2022, DHL Supply Chain announced a new on-demand packaging option to its business clients to make shipments more cost-effective and ecologically responsible. The AI-powered OptiCarton technology will aid in the optimization of box filling from a pre-configured set of cartons and even recommend breaking orders into many consignments to make individual shipments more cost-effective or lessen their carbon impact.
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The Industrial Packaging market is segmented -
1. By Product: Drums, Intermediate Bulk Containers (IBCs), Sacks, Pails, Crates/Totes.
2. By Material: Paperboard, Plastic, Metal, Wood, Fiber
3. By Application: Chemical And Pharmaceutical, Building And Construction, Food And Beverage, Oil and Lubricant, Agriculture And Horticulture, Others (Plastics And Rubber, Automobile, Engineering, And Other Metal Products)
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Industrial Packaging market.
The Business Research Company's "Global Industrial Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Industrial Packaging Market Include:
1. Executive Summary
2. Industrial Packaging Market Characteristics
3. Industrial Packaging Market Trends And Strategies
4. Industrial Packaging market - Macro Economic Scenario
5. Industrial Packaging Market Size And Growth
……
26. Africa Industrial Packaging Market
27. Industrial Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Packaging Market
29. Industrial Packaging Market Future Outlook and Potential Analysis
30. Appendix
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