Rising Global Demand For Food Products Sparks Growth In The Industrial Packaging Market: The Driving Engine Behind Industrial Packaging Market Evolution in 2025

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Industrial Packaging Market Size Growth Forecast: What to Expect by 2025?
Over the recent years, there has been robust growth in the industrial packaging market size. It is projected to rise from $79 billion in 2024 to $83.04 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. This growth during the historical period is likely due to factors such as globalization of trade, increase in manufacturing activities, strict regulations, e-commerce boom, and a heightened emphasis on sustainability.

How Will the Industrial Packaging Market Size Evolve and Grow by 2029?
Expectations are high for robust growth in the industrial packaging market in the coming years. It's projected to reach a value of $108.98 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. We can attribute this anticipated growth in the forecast period to changing consumer preferences, the surge in online retail, focus on customization and personalization, circular economy strategies, and swift urbanization. Projected trends within this time frame include the emergence of smart packaging technologies, innovations in packaging machinery, progress in intelligent packaging, heightening emphasis on lightweight packaging, and adherence to regulatory compliance and safety norms.

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What Drivers Are Propelling the Growth of Industrial Packaging Market Forward?
The worldwide growth in the demand for food products is anticipated to fuel the expansion of the industrial packaging sector. The rise in the preference for packaged foods has been influenced by shifts in consumer tastes, regulatory measures, and the requirements for food storage. In the face of the escalating concerns of food safety posed by the pandemic, more consumers have started opting for packaged food over non-packaged alternatives. Packaging materials have emerged as vital components in serving the food industry by ensuring the eligibility of food item storage and handling. Bizom data indicates that in the weeks leading up to the holiday period, the sales surged by 95% annually due to an increase in out-of-home consumption and availability of ready-made meals. Therefore, the soaring global demand for food products is set to stimulate the advancement of the industrial packaging sector.

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What Long-Term Trends Will Define the Future of the Industrial Packaging Market?
The surge of technological breakthroughs is a leading trend becoming prevalent in the industrial packaging sector. Firms are leveraging artificial intelligence to enable computers and algorithms to deliver superior packaging options. AI finds its use in various facets like inspections, labeling data, recycling products, and many other applications. In April 2022, DHL Supply Chain launched a unique on-demand packaging solution for its business customers, aiming to enhance cost-effectiveness and environmental responsibility of shipments. Powered by the AI, the OptiCarton technology contributes to maximizing box filling from an already defined set of cartons, and may also suggest distributing orders among multiple consignments to increase the cost-efficiency of individual shipments or to reduce their carbon footprint.

What Are the Key Segments in the Industrial Packaging Market?
The industrial packagingmarket 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 Key Players Shaping the Industrial Packaging Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.

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