What Has Driven the Growth of the Industrial Packaging Market in Recent Years?
The industrial packaging market has seen considerable growth due to a variety of factors.
• The market size for industrial packaging has significantly expanded in the past few years. Its projection indicate an increase from $79 billion in 2024 to a substantial $84.36 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.8%.
This notable growth during the historic period is a result of the globalization of trade, upsurge in manufacturing operations, rigid regulations, the e-commerce surge, and an emphasis on sustainability.
What Will Be The Industrial Packaging Market Size In The Future?
The industrial packaging market is expected to maintain its strong growth trajectory in upcoming years.
• Anticipated robust expansion is predicted for the industrial packaging market in the coming years, with the market size expected to reach $112.77 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.5%.
This estimated growth throughout the forecast period can be ascribed to factors such as changing customer tastes, the surge in online retail, personalization and customization, initiatives towards a circular economy, and swift urbanization. Key trends expected during the forecast term encompass advancements in smart packaging technologies, innovative developments in packaging machinery, progress in the smart packaging field, an amplified emphasis on lightweight packaging, and stringent adherence to regulatory guidelines and safety norms.
What Main Forces Are Fueling Expansion In The Industrial Packaging Market?
The global rise in food product demand is anticipated to fuel the expansion of the industrial packaging market. The increasing preference for packaged foods due to altered consumption habits, regulatory guidelines, and food storage needs is causing this surge. The ongoing pandemic has heightened food safety concerns, leading many consumers to prefer packaged food over non-packaged ones. Ensuring the safe containment and management of food products, packaging materials form an essential support for the food industry. Data from Bizom, an Indian Retail Intelligence platform, indicates that weeks before the festive season, sales of packaged food saw a year-on-year rise of 95%. This was driven by the growing consumption of ready-to-eat products and food consumed outside of homes. Thus, the global rise in demand for food products is set to steer the progress of the industrial packaging market.
What are the Market 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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What Trends are Shaping the Industrial Packaging Market Size?
The rise of technological innovations is becoming a prominent trend in the industrial packaging market. The use of artificial intelligence is aiding companies in utilizing computers and algorithms to enhance their packaging solutions. The applications of AI extend to inspection, data labeling, the recycling of products and much more. DHL Supply Chain revealed in April 2022 a fresh on-demand packaging service for its corporate customers to make their shipping processes more cost-efficient and environmentally sustainable. The OptiCarton technology, powered by AI, will facilitate the maximization of box filling from a pre-existing collection of cartons. It will also suggest dividing orders into multiple shipments to either reduce costs or minimize the carbon footprint of each shipment.
Who Are the Key Players 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
What are the Regional Insights into 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.
