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Industrial Packaging Market to Reach $99.6 billion, Globally, by 2033 at 4.3% CA

Industrial Packaging Market to Reach $99.6 billion, Globally, by 2033 at 4.3% CAGR: Allied Market Research

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Industrial Packaging Market to Reach $99.6 billion, Globally, by 2033 at 4.3% CA

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  1. Resources Blog Journalists Client Login Send a Release  News Products Contact Search Business & Money Science & Tech Lifestyle & Health Policy & Public Interest People & Culture News in Focus Industrial Packaging Market to Reach $99.6 billion, Globally, by 2033 at 4.3% CAGR: Allied Market Research USA - English SHARE THIS ARTICLE NEWS PROVIDED BY Allied Market Research May 08, 2024, 06:03 ET        A significant rise in global trade and increase in industrialization in many developing countries drive the growth of the global industrial packaging market. WILMINGTON, Del., May 8, 2024 /PRNewswire/-- Allied Market Research published a report, titled,"Industrial Packaging Market by Product Type (Drums, IBCs, Sacks, Pails, Crates/Totes), Material (Paperboard, Plastic, Metal, Wood, Fiber), and Application (Chemical and Pharmaceuticals, Building and Construction, Food and Beverages, Oil and Lubricants, Agriculture and Horticulture, Others): Global Opportunity Analysis and Industry Forecast, 2023-2033". According to the report, the "industrial packaging market" was valued at $65.9 billion in 2023, and is estimated to reach $99.6 billion by 2033, growing at a CAGR of 4.3% from 2024 to 2033. Download Sample Copy:https://www.alliedmarketresearch.com/request-sample/2234  Prime determinants of growth The industrial packaging market is in?uenced by several key drivers and opportunities, alongside certain restraints. The rising industrialization in developing countries serves as a signi?cant driver, fueling the demand for industrial packaging solutions across various sectors. Additionally, the growth of global trade presents another driver, as it necessitates e?cient and robust packaging solutions to facilitate the movement of goods across borders. Amidst these drivers, opportunities emerge for the development of sustainable industrial packaging solutions, driven by increasing awareness of environmental concerns and the need for eco-friendly alternatives. However, the market also faces restraints, such as varying statutory guidelines related to packaging in di?erent countries. These di?erences can pose challenges for companies operating in multiple regions, requiring them to navigate diverse regulatory landscapes to ensure compliance and consistency in their packaging practices. Despite these challenges, the industrial packaging market continues to evolve, driven by innovation and a growing emphasis on sustainability. Report coverage & details: Report Coverage Details Forecast Period 2024–2033   Base Year 2023   Market Size in 2023 $65.9 billion Market Size in 2033 $99.6 billion  

  2. CAGR 4.3 %     No. of Pages in Report 245   Segments Covered Product Type, Material, Application, and Region. Rising industrialization in developing countries Drivers Growing global trade Opportunities Development of sustainable industrial packaging Restraints Varying statutory guidelines related to packaging in different countries The Crates/Totes segment to maintain its leadership status throughout the forecast period Based product type, the sacks segment held the highest market share in 2023, accounting for nearly one-fourth of the global industrial packaging market revenue, and is estimated to maintain its leadership status throughout the forecast period. Crates and totes provide reusable and stackable solutions for handling and shipping a variety of goods, o?ering durability and ease of handling in manufacturing, distribution, and logistics operations. On the other hand, the IBCs segment is projected to manifest the highest CAGR of 5.7% from 2024 to 2032. Intermediate Bulk Containers (IBCs) o?er a convenient and cost-e?ective solution for bulk liquid storage and transportation, with capacities ranging from hundreds to thousands of gallons. Buy This Research Report 245 Pages PDF with Insights, Charts, Tables, Figures):    https://www.alliedmarketresearch.com/checkout-?nal/7a5a17272ee9694967d3b017de42f4f7  The Plastic segment to maintain its leadership status throughout the forecast period Based on material, the plastic segment held the highest market share in 2023, accounting for nearly half of the global industrial packaging market, and is estimated to maintain its leadership status throughout the forecast period. Plastic packaging o?ers lightweight, durable, and ?exible solutions for a range of industries, including food and beverage, healthcare, and consumer goods, with options such as bags, ?lms, bottles, and containers. However, the ?ber segment is projected to manifest the highest CAGR of 6.4% from 2024 to 2032. Fiber packaging, made from materials like corrugated cardboard and molded pulp, provides cushioning and protection for fragile or sensitive products, o?ering eco-friendly and recyclable alternatives for packaging needs. The Chemical and Pharmaceuticals segment to maintain its lead position during the forecast period Based on application, the chemical and pharmaceuticals segment accounted for the largest share in 2023, contributing to more than one-third of the global industrial packaging market revenue, and is projected to maintain its lead position during the forecast period. In chemical and pharmaceutical sectors, packaging ensures safe transportation of hazardous materials. However, the food and beverages segment is expected to portray the largest CAGR of 5.0% from 2024 to 2032. The food and beverages sector is growing as the disposable income of people in general is rising across the world. Asia-Paci?c to maintain its dominance by 2033 Based on region, Asia-Paci?c held the highest market share in terms of revenue in 2023, accounting for nearly half of the global industrial packaging market revenue, and is likely to dominate the market during the forecast period. Additionally, the Asia-Paci?c region is expected to witness the fastest CAGR of 4.7% from 2024 to 2033. The Asia-Paci?c region presents many growth opportunities to the major players in the industrial packaging market, owing to rapid industrialization in the countries such as India and China. Inquire Before Buying:  https://www.alliedmarketresearch.com/purchase-enquiry/2234  Leading Market Players:- Grief, Inc. Mondi PLC. Amcor Limited Westrock Company

  3. International Paper Company Bemis Company Inc. Orora Limited Mauser Group Sigma Plastics Group Wuxi Sifang Drums Limited Company The report provides a detailed analysis of these key players in the global industrial packaging market. These players have adopted di?erent strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in di?erent regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Trending Reports in Packaging Industry: Hazmat plastic packaging market is projected to reach $9.3 billion by 2032 Glass Packaging Market is projected to reach $77.5 billion by 2032 Packaging Solutions Market is projected to reach $1.6 trillion by 2031 Insulated Shipping Packaging Market is projected to reach $13.7 billion by 2031 Anti-Corrosive Packaging Market is projected to reach $1223.6 million by 2031 Packaging Robots Market is projected to reach $14,475.0 million by 2030 Pre-Book Now with 10% Discount:  Self  heating Food Packaging Market: global Opportunity Analysis and Industry Forecast, 2023-2032 Cement packaging Market: global Opportunity Analysis and Industry Forecast, 2023-2032 Nutraceutical Packaging Market: global Opportunity Analysis and Industry Forecast, 2023-2032 Plastic Corrugated Packaging Market: global Opportunity Analysis and Industry Forecast, 2023-2032 About us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.  We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and con?rms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top o?cials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and o?ine research and discussion with knowledgeable professionals and analysts in the industry. Contact us: Wilmington, Delaware 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int'l:+1-503-894-6022 Toll Free:+1-800-792-5285

  4. Fax:+1-800-792-5285 help@alliedmarketresearch.com Logo:https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg SOURCE Allied Market Research WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & In?uencers 9k+ Digital Media Outlets 270k+ Journalists Opted In GET STARTED Also from this source Explore Card Payments Market to Reach $38,325.4 billion by 2027 in the short run and $56,379.3 billion by 2033 Globally, at 6.9% CAGR: Allied Market Research Allied Market Research published a report titled,"Card Payments Market - Global Opportunity Analysis and Industry Forecast, 2024-2033," valued at... Paper, Forest Products & Containers News Releases in Similar Topics Pest Control Market to Reach $44.3 Billion, Globally, by 2034 at 5.4% CAGR: Allied Market Research Allied Market Research published a report, titled,"Pest Control Market by Type (Chemical, Mechanical, Biological, and Other), Pest Type (Insects,... More Releases From This Source Contact PR Newswire Products About My Services Call PR Newswire at 888-776-0942 from 8 AM - 9 PM ET For Marketers For Public Relations For IR & Compliance For Agency All Products About PR Newswire About Cision Become a Publishing Partner Become a Channel Partner Careers Accessibility Statement All New Releases Online Member Center ProfNet Data Privacy  Contact Us  Do not sell or share my personal information:    Global Sites  Submit via Privacy@cision.com  Call Privacy toll-free: 877-297-8921 Copyright © 2025 Cision US Inc. Terms of Use Privacy Policy Information Security Policy Site Map RSS Cookie Settings

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