Industrial Packaging Market Anticipated To Witness Robust Growth, Surpassing $112.77 Billion By 2029

The Industrial Packaging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

How Big Is the Industrial Packaging Market Size Expected to Be by 2034?
Recent years have seen a robust expansion in the industrial packaging market. The market, valued at $79 billion in 2024, is projected to reach $84.36 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.8%. The growth pattern observed in the past years is the result of the globalisation of trade, an increase in manufacturing activities, strict regulations, the surge in e-commerce and a heightened focus on sustainability.

In the coming years, the industrial packaging market size is projected to experience robust growth, increasing to a value of $112.77 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 7.5%. Factors contributing to this progression during the forecast period include changing consumer taste, the growth of online retail, the desire for customization and personalization, initiatives encouraging a circular economy, and expedited urbanization. The forecast period will also see prominent trends such as innovative packaging technologies, advancements in packaging machinery, progress in smart packaging, a stronger emphasis on lightweight packaging, and stricter compliance with safety regulations and standards.

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What Are the Emerging Segments Within the Industrial Packaging Market?
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 Long-Term Drivers Are Shaping Industrial Packaging Market Trends?
The escalation in the global requirement for food products is anticipated to fuel the expansion of the industrial packaging market. The inclination towards packaged foods is growing due to alterations in buying patterns, regulations set by authorities, and methods of food storage. As a consequence of increasing food safety concerns tied to the pandemic, more and more consumers are opting for packaged food instead of unpackaged variants. Packaging materials act as a significant component in the food industry by providing safe handling and secure storage of food items. Bizom, an Indian Retail intelligence platform's data highlights that package food sales experienced an upsurge of 95% YoY in the period before the holiday season, attributed to the soaring demand for ready-to-eat products and out-of-home consumption. It's predicted that this rising global demand for food products will be the driving force behind the industrial packaging market's growth.

Who Are the Top Competitors in Key Industrial Packaging Market Segments?
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

What Industrial Packaging Market Trends Are Gaining Traction Across Different Segments?
The rise of technology is an emerging trend in the industrial packaging sector. Firms are utilizing artificial intelligence to enhance their packaging solutions through the use computers and algorithms. AI finds its use in tasks such as inspection, data tagging, and recycling among others. In April 2022, DHL Supply Chain introduced an on-demand packaging solution for its business customers, aiming to make deliveries more economical and environmentally friendly. The AI-infused OptiCarton technology will assist in maximizing the filling of boxes from a predetermined selection of cartons. It can also suggest splitting orders into multiple shipments for improved cost efficiency or to minimize their carbon footprint.

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Which Regions Are Becoming Hubs for Industrial Packaging Market Innovation?
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.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Packaging Market?
2. What is the CAGR expected in the Industrial Packaging Market?
3. What Are the Key Innovations Transforming the Industrial Packaging Industry?
4. Which Region Is Leading the Industrial Packaging Market?

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