Press release
Leading Element Driving Change in the Industrial Packaging Market in 2025: Rising Global Demand For Food Products Sparks Growth In The Industrial Packaging Market Driver
Industrial Packaging
The industrial packaging market is predicted to grow due to a surge in the global demand for food products. Factors such as changing consumer preferences, government regulations, and the necessity for food storage are fueling an increase in demand for packaged foods. The food safety issue exacerbated by the pandemic now means that many consumers prefer packaged food over non-packaged options. Packaging materials are indispensable in the food industry as they ensure the safe storage and handling of food items. Bizom, an Indian retail intelligence platform, reports that the sales of packaged food saw an impressive growth of 95% YoY in the weeks leading up to the holiday season. This growth was influenced by an upward trend in out-of-home consumption and the popularity of ready-to-eat products. Hence, the upward global demand for food products is set to boost the growth of the industrial packaging market.
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What growth opportunities are expected to drive the industrial packaging market's CAGR through 2034?
The market size of the industrial packaging has been witnessing robust growth over the past few years. The market, estimated at $79 billion in 2024, is projected to reach $84.36 billion in 2025, translating to a compound annual growth rate (CAGR) of 6.8%. Factors such as the globalization of trade, an increase in manufacturing activities, strict regulatory norms, the surge in e-commerce, and an emphasis on sustainability have played a significant role in this historic growth period.
Anticipated robust expansion is on the cards for the industrial packaging market in the coming years, with its valuation predicted to hit $112.77 billion by 2029, registering a compound annual growth rate (CAGR) of 7.5%. Factors that might spur this projected growth within the forecast period include changing consumer tastes, the boom in online retail, bespoke and personalized packaging, initiatives for a circular economy, and swift urbanization. Future trends that could shape the market in the forecast timeframe encompass advanced packaging technologies, technological evolution in packaging machinery, development in intelligent packaging, increased emphasis on lightweight packaging, and adherence to regulatory requirements and safety norms.
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What are the emerging trends shaping the future of the industrial packaging market?
The increasing role of technological innovations is a predominant trend being observed in the industrial packaging sector. The introduction of artificial intelligence is enabling businesses to leverage computer systems and complex algorithms to generate superior quality packaging solutions. AI is being deployed for tasks like inspection, labelling data, recycling products, among other uses. As of April 2022, DHL Supply Chain introduced a new instant packaging option aimed towards its business clientele to ensure that their shipments are both economic and eco-friendly. The AI-backed OptiCarton technology is instrumental in maximizing the use of carton space from a predefined set and can also suggest splitting orders into multiple consignments with the objective of making individual shipments more pocket-friendly and reducing their carbon footprint.
Which growth-oriented segments of the industrial packaging market are leading the industry's development?
The industrial packaging market covered in this report is segmented -
1) By Product: Drums, Intermediate Bulk Containers (IBCs), Sacks, Pails, Crates Or 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)
Subsegments:
1) By Drums: Steel Drums, Plastic Drums, Fiber Drums
2) By Intermediate Bulk Containers (IBCs): Rigid IBCs, Flexible IBCs
3) By Sacks: Woven Polypropylene Sacks, Paper Sacks, Plastic Sacks
4) By Pails: Metal Pails, Plastic Pails
5) By Crates Or Totes: Plastic Crates Or Totes, Metal Crates Or Totes, Collapsible Crates
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What regions are leading the charge in the industrial packaging market?
North America was the largest region in the industrial packaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the industrial packaging market?
Major companies operating in the industrial packaging market include 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
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What Is Covered In The Industrial Packaging Global Market Report?
•Market Size Forecast: Examine the industrial packaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the industrial packaging market for a structured understanding.
•Key Players Overview: Analyze major players in the industrial packaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the industrial packaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the industrial packaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the industrial packaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the industrial packaging market.
•Competitive Landscape: Review strategic developments in the industrial packaging market, including expansions, agreements, and new product launches.
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