The infographic below contains key findings from our analysis of the industrial packaging market

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Overview of the global industrial packaging market

Technavio’s research analysis on the global industrial packaging market has identifies the rising usage of plastic sacks as one of the major factors that will have a positive impact on the market’s growth in the coming years. Plastic sacks are highly used for industrial packaging due to its physical properties such as durability, light weight, flexibility, and low cost of ownership. Packaging sacks require low handling and carrying costs and are increasingly suitable for packaging products such as chemical, food, and fertilizers. Moreover, the demand for convenience packaged food will also drive the need for packaging sacks in the coming years. This will subsequently fuel the growth of the industrial packaging market, which according to our market research analysts, will grow at a CAGR of 6% during the forecast period.

The rising demand for customization is one of the key trends that will gain traction in the market during the coming years. With the growing competition, the vendors are offering customization of packaging boxes and containers based on size, design, and the type of materials used. Various end-user industries such as food and beverage and pharmaceutical industries are increasingly demanding innovative and customized industrial packaging to distinguish their product at the retail stores. This will induce companies to focus more on offering customized solutions. One of the vendors Packnet, already offers customized packaging solutions for crates and foam packaging.

Competitive landscape and key vendors  

The industrial packaging market consists of numerous local, regional, and multinational vendors. The local or small vendors compete in the market based on cost and it is difficult for these vendors to compete with the established players in terms of features, quality, and product offerings. The focus of vendors to provide innovative packaging products such as improved packaging boxes and solutions at a competitive price, will intensify the level of competition among the players in the industrial packaging industry.

The leading vendors in the market are –

• Greif
• International Paper
• Mondi Group
• Nefab Group
• Sonoco Products Company

The other prominent vendors in the market are Aristo Industries, Bulk Handling Australia, Global Pak, industrial packaging, RDA Bulk Packaging, and Snyder Industries.

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Segmentation by product and analysis of the industrial packaging market

• Crates and totes
• Sacks
• IBCs

During 2016, the crates and totes segment accounted for the major shares of the industrial packaging market. Factors such as the increasing demand for packaging crates in agricultural activities and in the packaging of food products and its advantages such as light weight and cost effectiveness, will drive the demand for crates and totes in the coming years.

Geographical segmentation and analysis of the industrial packaging market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the industrial packaging market throughout the forecast period. The strengthening of the regional economy, rising population numbers, and the increasing disposable income of the consumers, will be few factors driving the growth of the industrial packaging industry in this region.

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Key questions answered in the report include

• What will the industrial packaging market size and growth rate be in 2021?
• What are the key factors driving the global industrial packaging market?
• What are the key market trends impacting the growth of the global industrial packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial packaging market?
• What are the market opportunities and threats faced by the vendors in the global industrial packaging market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global industrial packaging market?

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