Industrial Packaging Market, by Product Type, By Material Type, and By End-Use Industry

Industrial packaging involves the use of high standards and quality packaging material in order to provide protective packaging. However, packaging is not solely associated with the product safety aspects, while it also provide better product storage, safe material handling, enhanced product quality, and easy transportation of a wide range of products from industrial machinery to various appliances of daily use.

Market Dynamics

Some of the major factors fuelling the industrial packaging market growth include construction industry, increasing trend of recyclable packaging materials such as green packaging, increasing consumption of packaged food items, growing demand for pharmaceutical and medical products, and growing industrialization in the emerging economies such as India, China, and Brazil.

Among end-use industry, food & beverages industry accounted as the major segment in the industrial packaging market. This is mainly due to the rise in the use of ready-to-use products, growing concerns about the safety and quality of packaged products from manufacturing to consumption of the food.

Request Sample copy of [email protected] https://www.coherentmarketinsights.com/insight/request-sample/883

Packaging plays an important role in protecting fruits and vegetables from damage. Corrugated boxes are mainly used for the packaging of fruits and vegetables, due to its stacking strength, serviceability, and low cost of production. Global agricultural packaging market is estimated to exhibit a CAGR of 5.8% over the forecast period, which in turn, expected to fuel the market growth.

Import and export is the major factor augmenting the growth of industrial packaging market.  According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the nominal exports and imports are expected to rise at 4.5% and 6.1% respectively by 2017.

Market Taxonomy

The report segments the global Industrial packaging market on the basis of product type, material, end-use industry, and geography. On the basis of product type, the market is segmented into drums, pails, tubes, containers, sacks, crates, bulk boxes, intermediate bulk containers (IBCs), plastic pallets, and others. On the basis of material, the market is segmented into plastics, metals, wood, paper and paperboard, fiber and fiberboard, and others. On the basis of end-user industry, the market is segmented into automotive, electronics, construction, industrials, food and beverages, chemicals, oil & lubricants and agriculture and horticulture. On the basis of geography, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

You may be interested

First Flying Taxi Launched in the U.S.
Information Technology and Gadgets
Information Technology and Gadgets

First Flying Taxi Launched in the U.S.

Alex Mathew - February 16, 2018

Intel and Volocopter—a Germany-based startup unveiled its flying taxi at the CES in Las Vegas on January 10, 2018. Intel and Volocopter, in partnership, developed the VC200—more…

Fire TV Witnessed Inconvenience Due to Amazon-Google Feud
Information Technology and Gadgets
Information Technology and Gadgets

Fire TV Witnessed Inconvenience Due to Amazon-Google Feud

Alex Mathew - February 16, 2018

YouTube blocked the Silk web browser from displaying the TV-optimized interface normally on Fire TV, on January 22, 2018. It was confirmed that the TV interface was…

Bitcoin Value Reaches Half its Peak
Information Technology and Gadgets
Information Technology and Gadgets

Bitcoin Value Reaches Half its Peak

Alex Mathew - February 16, 2018

Bitcoin crashed to as low as US$ 9,500, falling below US$ 10,000 for the first time since November 2017 and neatly halving its December 19th peak of…

Most from this category