Press release
Industrial Packaging Market: Top Players ( Smurfit Kappa Group, Tekni-Films, Inc., Sealed Air Corporation, International Paper, Grief Inc., Nefab Group, Schutz, Sonoco, AmeriGlobe, and B.A.G. Corp.) Trends 2024
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The general evolution of industries in the emerging economies of the world is creating a massive increase in the demand for industrial packaging. This forms the primary driver for the global industrial packaging market and it will continue to be a positive factor for manufacturers over the coming years. Another driver for the global industrial packaging market is the growing use of high value containers, owing to the growth of industrial prosperity and the better utility offered by these containers. The overall global industrial packaging market is also augmented by the popularity gained by innovative products as well as packaging customizations that manufacturers can offer to their clients. However, the global industrial packaging market is currently being restrained by the very low and still reducing profit margins held by packaging manufacturers, as well as the overall low agility shown by the manufacturers.
Growth in Manufacturing Sector Bodes Well for Global Industrial Packaging Market
“The manufacturing sector is easily the leading end user of the global industrial packaging market. The sheer size of the share held by the manufacturing sector within the global industrial packaging market is an essential influential factor on the market’s overall rate of development. The performance of the manufacturing sector will end up determining a majority of the rate of growth in demand for industrial packaging and will affect a large number of manufacturers in it. Therefore, the recent positive state of growth shown by this sector – especially in the Asia Pacific region - is extremely good news for the manufacturers of industrial packaging,” states a TMR analyst.
Another key driver of the global industrial packaging market is the growing use of high-value containers. There is a very favorable rate of adoption of the latest innovations in packaging by clients trying to stay ahead of the curve, further encouraging players in the global industrial packaging market to increase their investments in research and development. The growing demand for use of flexible packaging and green packaging are allowing a lot of players to expand their client pools, thus expanding the global industrial packaging market in general.
Press Release: http://www.transparencymarketresearch.com/pressrelease/industrial-packaging-market.htm
Lack of Communication across Distribution Chain Hampers Global Industrial Packaging Market
Players in the global industrial packaging market lie at least two or three nodes away from their clients in several end-user industries. Examples of this would be the industries of pharmaceuticals and chemicals, where lies a large gap in communication between the manufacturers of industrial packaging and the customers that are demanding it. As a result, very few – if any – communication is carried on between the customer and the developers directly. This reduces the rate of development and the overall mobility of the global industrial packaging market by a long mile.
“Players from the global industrial packaging market would therefore benefit vastly by incorporating vendor-managed inventory programs queued with supplies from a strategic growth-oriented perspective,” adds the analyst.
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