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Key Factor Supporting Industrial Packaging Market Development in 2025: Rising Global Demand For Food Products Sparks Growth In The Industrial Packaging Market
Industrial Packaging Market
How Large Will the Industrial Packaging Market Size By 2025?
The size of the industrial packaging market has significantly expanded in the past few years. It's projected to increase from $79 billion in 2024 to $84.36 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.8%. Factors such as the globalization of trade, surge in manufacturing operations, strict regulatory standards, the rise of e-commerce, and a focus on sustainability contributed to this growth during the historical period.
How Big Is the Industrial Packaging Market Size Expected to Grow by 2029?
The size of the industrial packaging market is forecasted to significantly increase in the coming years, reaching $112.77 billion by the year 2029, with a compound annual growth rate (CAGR) of 7.5%. This predicted growth during the forecast period is linked to changing consumer tastes, a surge in online retail, personalization and customization options, the influence of circular economy initiatives, and swift urbanization. Noteworthy trends during this period will encompass innovative smart packaging technologies, technological progress in packaging machinery, advancements in intelligent packaging, heightened emphasis on lightweight packaging, as well as regulatory obedience and safety benchmarks.
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Which Key Market Drivers Powering Industrial Packaging Market Expansion and Growth?
The burgeoning demand for food products worldwide is poised to stimulate the expansion of the industrial packaging sector. Factors such as shifting consumer choices, government policies, and food storage methods are collectively contributing to a surge in the demand for packaged food. Amid the ongoing health crisis, a growing trend towards prioritizing packaged food to mitigate food safety concerns has been observed. The packaging materials are instrumental in bolstering the food industry as they ensure proper storage and management of food items. Citing the data from Bizom, an Indian Retail intelligence platform, there was a remarkable 95% year-on-year growth in the sales of packaged food a few weeks prior to the festive season, primarily driven by the increased proclivity towards out-of-home consumption and ready-to-eat products. Thus, a rising global demand for food products will inevitably spur the upward trajectory of the industrial packaging market.
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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Packaging Market?
The rising trend of technological advancement in the industrial packaging market is gaining traction. Firms are leveraging artificial intelligence to enhance their packaging solutions, utilizing it for inspections, data labeling, recycling products, and numerous other applications. DHL Supply Chain, in April 2022, introduced a new on-demand packaging service for its business customers to elevate cost-efficiency and environmental responsibility in shipping. The AI-enabled OptiCarton technology assists in optimizing box filling from a pre-specified set of cartons and suggests order fragmentation into multiple consignments to either reduce cost or minimise carbon footprint per shipment.
What Are the Emerging Segments in 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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the Industrial Packaging Industry?
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.
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