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)
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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.
Standard wraps and papers can’t protect from the harsh conditions, long shelf times, and environmental damage that industry products face, so having the right protection for the products is essential to maintaining quality and consistency. There are many different types of industrial packaging wraps, papers, fluids, and sprays.
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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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.
Some of the key players in the global market for industrial packaging are Smurfit Kappa Group, Sonoco, Nefab Group, International Paper, Grief Inc., and Sealed Air Corporation, AmeriGlobe, Tekni Films Inc., and B.A.G. Corp among others