Fact.MR Report: Increased Import-Export Activities in the World to Encourage Demand for Effective Industrial Packaging Solutions

Fact.MR recently published a market report that revealed the high demand for industrial packaging to protect goods from contamination.

Rockville, December 13, 2022 (GLOBE WIRE) — According a newly published research report by Fact.MR (a provider of market intelligence and market research), the market for industrial packaging is expected to reach US$107 billion in 2033 according to a Fact.MR research report. There is a high demand worldwide for industrial packaging solutions. increase at a CAGR of 4.3% through 2033.

The global import and export activities are crucial for the industrial packaging market. There is increased demand from various heavy manufacturing industries for pails and drums. Additionally, intermediate bulk containers and material handling container are used in logistics.

Various industries such as lubricants, paints & inks, chemicals, pharmaceuticals, and food & beverages use rigid plastic IBCs on a large scale. The RIBCA of North America (Rigid Imediate Bulk Container Association), caters to individuals, corporations, and businesses that are involved with the manufacture or assembly of rigid bulk containers.

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The packaging industry has seen significant changes over the last few years as a result of increasing awareness of the dangers of plastic. Government authorities, NGOs and associations are launching awareness campaigns to raise awareness about the negative effects of plastics. This has allowed for the creation of eco-friendly industrial packaging.

Market Study: Key Takeaways

• The 2033-end is likely to see industrial packaging sales reach US$107 billion.

• Japan’s market is expected to grow at 2.5% annually through 2033.

• The 2023 global industrial packaging market is estimated to be worth US$70 billion.

• Global market growth is expected to be 4.3% by 2033

• Through 2033, the CAGR for industrial packaging sales in Germany will be 3.2%.

“Increasing utilization of shipping containers across different end-use industries is estimated to drive market growth,” According to a Fact.MR analyst.

Research on Segmentation in the Industrial Packaging Industry

• By Type:

  • Corrugated boxes

  • Drums

  • IBCs

  • Sacks

  • Crates

  • Pails

• By Application

  • Food & Beverages

  • Automotive

  • Pharmaceuticals

  • Chemicals

  • Oil & Lubricants

  • Building Constructions

  • Other Applications

• By Region:

  • North America

  • Europe

  • Asia Pacific

  • Latin America

  • Middle East & Africa

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Winning Strategy

Companies are constantly launching new and innovative products to meet the growing demand for sustainable and recyclable industrial packaging products.

For instance:

Key Companies Profiled

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Fact.MR presents a new analysis of the global industrial package market for 2023-2033 in its new offering.

The study divulges essential insights into the market on the basis of type (corrugated boxes, drums, IBCs, sacks, crates, pails) and application (food & beverages, automotive, pharmaceuticals, chemicals, oil & lubricants, building constructions, other applications), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

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