Industrial Packaging Market Forecast From 2018 to 2024 By Top Industry Players: Sealed Air corporation, Amcor Limited, International paper, WestRock, Tekni-Films, Mondi Group, Sonoco, Bemish company, Schutz
Industrial Packaging Market anticipated to witness growth opportunities over 2018-2024
(EMAILWIRE.COM, August 07, 2018 ) Market Overview: -
Industrial Packaging Market is likely to expand at a significant CAGR during the forecast period. Increased international trade demands for product safety and robust packaging option to overcome damage occurred by environmental factors and transportation will drive the global Industrial Packaging Market. This enables the manufacturers to provide easier distribution and reduce transportation losses occurred by the damage through the protective wrapping.
Rising globalization and international trade are supporting the industry growth. Growing commercial industries such as chemical, pharmaceutical, construction and electronics sector further propels the demand. The developed economies are the highest producers and consumers of these products. Whereas increasing demand in emerging economies will further drive the industry growth.
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Top Key Players: -
Some of the major companies in industrial packaging market are Sealed Air corporation, Amcor Limited, International paper, WestRock, Tekni-Films, Mondi Group, Sonoco, Bemish company, Schutz, AmeriGlobe, Mauser Group, Orora Group, B.A.G. Corporation, Greif Inc, Bulk handling, East India Drums & Barrels manufacturing, Chem-Tainer industries, Corr-Pak Corporation, Halsted, Sigma Plastics Group, Wuxi Sifang Drums Limited company, Nefab, Hoovers Container Solutions, Intertape Polymer Group, Jumbo Bag, and LC packaging. The manufacturers are focusing on providing low cost, environmental friendly packaging solutions for the end users.
Market share calculation in this report is not done based on companies covered in it. The calculation of industrial packaging market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America is expected to show steady growth rate during the forecast period owing to developed economy, transport, and delivery infrastructures. Growing occurrence of chronic disease and increasing aging population will increase the demand in pharmaceutical and chemical segment in North America. The use of robotic systems for packages is expected to increase in demand in U.S. with the introduction of Food Safety Modernization Act.
Germany and Italy are the major countries in Europe in terms of production of packaging machinery. Their major export countries include Saudi Arabia, Indonesia, Nigeria, Turkey, Malaysia and Iran. Thus, increased export of machinery in these countries will increase the demand for industrial packaging market.
Asia-Pacific region is estimated to record fastest growth in terms of rising industrialization. Increased demand is characterized by quick adoption of technological advancements, rising volume of OEMs which drives the competitors to reduce the cost per package and provide sustainable products. Moreover, low labor cost, huge scope for FDI and stable growth in industries such as automotive, construction and healthcare will impact positively foe industry growth this region.
Indian industrial packaging market size exceeded USD 30 billion in 2015 and is estimated to grow over 15% CAGR. The Indian region accounts for 4% of global packaging industry. Growing packaging machinery market in Asia, Africa will further increase the demand for this industry. Enhanced automation, integrated systems and shorter turnaround time are some of the growth factors for industry growth in this region.
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However, pricing pressure on small vendors hinders the industry growth. Low and reduced profit margin to the manufacturers decreases the industry attractiveness owing to numerous local vendors. Low penetration of the market in developing countries hinders the industrial packaging market growth. Use of bio degradable raw material for packing provides future growth opportunities for the manufacturers. Stringent government regulations regarding environment and employee safety encourages the use of bio degradable materials such as PLA and PHA plastic.
The industrial packaging market can be segmented by product into drums, intermediate bulk container (IBC), crates, sacks, pails, tubes, and bulk boxes. IBC type is extensively used for the covering. Plastic sacks are replacing paper & jute sacks owing to its benefits such as low cost, light weight, durability etc.
The industry is classified by material into metal, plastic, paper and wood and fiber. The plastic material segment is the most preferred type by the manufacturers owing to its various properties such as cost effective than other materials, can be molded in to specific shape & size and durability.
Browse Full Report @ https://bit.ly/2rysggf
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Industrial Packaging Market is likely to expand at a significant CAGR during the forecast period. Increased international trade demands for product safety and robust packaging option to overcome damage occurred by environmental factors and transportation will drive the global Industrial Packaging Market. This enables the manufacturers to provide easier distribution and reduce transportation losses occurred by the damage through the protective wrapping.
Rising globalization and international trade are supporting the industry growth. Growing commercial industries such as chemical, pharmaceutical, construction and electronics sector further propels the demand. The developed economies are the highest producers and consumers of these products. Whereas increasing demand in emerging economies will further drive the industry growth.
Request for an in-depth table of contents for this report @ https://www.gminsights.com/request-toc/upcoming/1613
Top Key Players: -
Some of the major companies in industrial packaging market are Sealed Air corporation, Amcor Limited, International paper, WestRock, Tekni-Films, Mondi Group, Sonoco, Bemish company, Schutz, AmeriGlobe, Mauser Group, Orora Group, B.A.G. Corporation, Greif Inc, Bulk handling, East India Drums & Barrels manufacturing, Chem-Tainer industries, Corr-Pak Corporation, Halsted, Sigma Plastics Group, Wuxi Sifang Drums Limited company, Nefab, Hoovers Container Solutions, Intertape Polymer Group, Jumbo Bag, and LC packaging. The manufacturers are focusing on providing low cost, environmental friendly packaging solutions for the end users.
Market share calculation in this report is not done based on companies covered in it. The calculation of industrial packaging market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America is expected to show steady growth rate during the forecast period owing to developed economy, transport, and delivery infrastructures. Growing occurrence of chronic disease and increasing aging population will increase the demand in pharmaceutical and chemical segment in North America. The use of robotic systems for packages is expected to increase in demand in U.S. with the introduction of Food Safety Modernization Act.
Germany and Italy are the major countries in Europe in terms of production of packaging machinery. Their major export countries include Saudi Arabia, Indonesia, Nigeria, Turkey, Malaysia and Iran. Thus, increased export of machinery in these countries will increase the demand for industrial packaging market.
Asia-Pacific region is estimated to record fastest growth in terms of rising industrialization. Increased demand is characterized by quick adoption of technological advancements, rising volume of OEMs which drives the competitors to reduce the cost per package and provide sustainable products. Moreover, low labor cost, huge scope for FDI and stable growth in industries such as automotive, construction and healthcare will impact positively foe industry growth this region.
Indian industrial packaging market size exceeded USD 30 billion in 2015 and is estimated to grow over 15% CAGR. The Indian region accounts for 4% of global packaging industry. Growing packaging machinery market in Asia, Africa will further increase the demand for this industry. Enhanced automation, integrated systems and shorter turnaround time are some of the growth factors for industry growth in this region.
Request for customization of this report @ https://www.gminsights.com/roc/1613
However, pricing pressure on small vendors hinders the industry growth. Low and reduced profit margin to the manufacturers decreases the industry attractiveness owing to numerous local vendors. Low penetration of the market in developing countries hinders the industrial packaging market growth. Use of bio degradable raw material for packing provides future growth opportunities for the manufacturers. Stringent government regulations regarding environment and employee safety encourages the use of bio degradable materials such as PLA and PHA plastic.
The industrial packaging market can be segmented by product into drums, intermediate bulk container (IBC), crates, sacks, pails, tubes, and bulk boxes. IBC type is extensively used for the covering. Plastic sacks are replacing paper & jute sacks owing to its benefits such as low cost, light weight, durability etc.
The industry is classified by material into metal, plastic, paper and wood and fiber. The plastic material segment is the most preferred type by the manufacturers owing to its various properties such as cost effective than other materials, can be molded in to specific shape & size and durability.
Browse Full Report @ https://bit.ly/2rysggf
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Tel: 1-888-689-0688
Email us
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Global Market Insights, Inc.
Arun Hegde
Tel: 1-888-689-0688
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results