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Industrial Packaging Market Growth Propelled by Stricter Regulations and Technological Innovation: Projected to Reach $112.77 billion by 2029
Industrial Packaging Market Growth
Increasing Global Demand for Packaged Foods Bolsters Industrial Packaging Market Growth
What Is The Projected Market Size Of The Global Industrial Packaging Market And Its Growth Rate?
• The industrial packaging market size has grown robustly in recent years, with the size increasing from $79 billion in 2024 to $84.36 billion in 2025 at a CAGR of 6.8%.
• The projected growth can be credited to the globalization of trade, rise in manufacturing activities, stringent regulations, e-commerce expansion, and focus on sustainability.
• The market is forecasted to witness robust growth in the future, anticipated to hit $112.77 billion by 2029 at a CAGR of 7.5%.
• Future growth can be attributed to evolving consumer preferences, increase in online retail, customization and personalization, circular economy initiatives, and rapid urbanization.
What Is Driving The Growth In The Industrial Packaging Market?
The rising global demand for food products is significantly contributing to the surge in the industrial packaging market. A shift in consumer preferences, government regulations, and strategies for food storage are fueling demand for packaged foods, especially amidst the food safety concerns amplified by the global health crisis. Packaging materials thereby serve a crucial role in ensuring safe storage and handling of food products. According to data from Bizom, an India-based retail intelligence platform, sales of packaged food saw a year-on-year increase of 95% just before the holiday season, mainly due to increased consumption of ready-to-eat products and out-of-home consumption. Therefore, the global escalation in demand for food products is anticipated to drive the growth of the industrial packaging market.
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Who Are the Key Players Driving Industrial Packaging Market Growth?
• Westrock Company
• International Paper Company
• Amcor Limited
• DS Smith plc
• Packaging Corporation of America
• Mondi plc
• Grief Inc.
• KEENER Corporation
• Nefab Group
• Myers Industries Inc.
• Schoeler Allibert AB
• Menasha Corporation
• Rohrer Corporation
• UFP Technologies Inc.
• Rehrig Pacific Company
• Ckdpack, PolyFlex Products Inc.
• GWP Group
• Brown Machine LLC
• Dunnage Engineering
• Thermoflex LLC
• Amatech Inc.
• MJSolpac Ltd.
• Package Design & Manufacturing Inc.
• Interior Packaging Design LLC
• JIDA Industrial Solutions
• Sohner Plastics LLC
• Great River Plastics LLC
• Electro-General Plastics Corp.
• Artisanz Fabrication and Machine LLC
• Dordan Manufacturing Company
• Salco Engineering and Manufacturing Co. Inc.
• Sonoco Products Company
• Ball Corporation
What Are The Key Trends In The Industrial Packaging Market?
• Smart packaging technologies
• Technological innovations in packaging machinery
• Advancements in smart packaging
• Increased focus on lightweight packaging
• Regulatory compliance and safety standards
What Are The Segments Of The Global Industrial Packaging Market?
• By Product: Drums, Intermediate Bulk Containers (IBCs), Sacks, Pails, Crates Or Totes
• By Material: Paperboard, Plastic, Metal, Wood, Fiber
• 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)
Which Region Leads The Industrial Packaging Market?
North America was the largest region in the industrial packaging market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Packaging Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Packaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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