Industrial Packaging Market Technological Improvements 2019 2027

Posted by Dinesh on April 22nd, 2021

Industrial Packaging Market – Snapshot

Industrial packaging refers to the process of storing, shipping, and protecting a wide range of goods. Industrial packaging is utilized in the site of production, just straight after the production process. However, this packaging solution can be utilized at any point of time along the supply chain. The growth of the global industrial packaging market is estimated to be driven by its extensive use in the packaging of sensitive products or bulky or hazardous products.

Several end use industries such as machinery manufacturers, technology industry, automotive industry, and manufacturers of highly sensitive equipment manufactures often utilize this type of packaging. Such wide use is estimated to bolster growth of the global industrial packaging market in the years to come. This type of packaging is used in providing protection of products from vibrations to moisture.

Growth of the Market to be Driven by Increased Demand by Several End Use Industries

This type of packaging makes abundant use of plastics. Different types of plastic that are used in industrial packaging are mentioned as below

  • polyethylene terephthalate (PET)
  • high-density polyethylene (HDPE)
  • low-density polyethylene (LDPE)
  • polyvinyl chloride (PVC, vinyl)
  • polypropylene (PP)
  • polystyrene

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Increased demand of this type of packaging in food and beverage, oil and gas, chemical and pharmaceutical, agriculture, and electronics industry is estimated to amplify growth of the global industrial packaging market in the years to come.

Industrial packaging is packaging for the manufacturers, for the big producers in businesses. Sometimes, standard packaging isn’t enough for the product, and need more protection to makes sure product stays safe, lasts longer, and makes it to the customer in the right condition. 

The market for industrial packaging is growing due to increasing trends in end-use industries. The market growth due to increasing trend in the chemical industry output combined with the increasing healthcare needs of drugs and medicines for the aging U.S. population, coupled with continuing innovations in drug development. The global industrial packaging market had reached to reach US.03 bn by the end of 2016. 

Industrial Packaging See Swift Uptake Due To Increase Use of Polyethylene Terephthalate 

The industrial packaging market segments the product into drums, intermediate bulk container (IBC), crates, sacks, pails, tubes, and bulk boxes. IBCs are the leading packaging type in terms of popularity. Plastic sacks are replacing paper & jute sacks owing to its benefits such as low cost, lightweight, durability etc. 

North America, Powered by U.S., Leads Market 

Geographically, the global industrial packaging market is classified as North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa. The rise in the demand for the industrial packaging from the industry is the main factors that are boosting the global market in Asia Pacific region. Use of advanced technology in the production of the industrial packaging has boosted the global market in North America. Europe, Latin America, and Middle East and Africa are likely to witness a slow growth in the global market. 

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Dinesh

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Dinesh
Joined: March 15th, 2021
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