Industrial Packaging Market Size| COVID-19 Impact, Is Expanding At An Incremental Pace at a CAGR Of 5% By 2023
The Industrial Packaging Market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Industrial Packaging Market Size highlights the future prediction and the growth alternatives that can be created.
(firmenpresse) - Industrial Packaging Market Size
The growing consumer electronics industry is also likely to be a major driver for the global Industrial Packaging Market Size over the forecast period due to the need for secure packaging for consumer electronics, which often contain glass and thus represent a safety hazard if the glass were to break. The growing demand for products such as smartphones, washing machines, and television sets is thus likely to be a major driver for the global Industrial Packaging Market Size over the forecast period.
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Competitive Analysis
Leading players in the global Industrial Packaging Market Size include
Sealed Air Corporation
Schoeller Allibert
AmeriGlobe LLC
Sonoco Products Company
NEFAB Group
Wuxi Sifang Drums Limited Company
Sigma Plastics Group
Mauser Group
Orora Limited
Bemis Company Inc.
International Paper Company
WestRock Company
Amcor Limited
Mondi plc
Greif Inc.
Industry News
In June 2019, Balmer Lawrie opened a new industrial packaging plant for steel drums in Gujarat, India. The plant is mainly intended to serve the growing chemical industry in the state in the coming years.
Segmentation
The global Industrial Packaging Market Size is segmented on the basis of packaging type, product type, material, end user, and region.
By packaging type, the global Industrial Packaging Market Size is segmented into flexible and rigid packaging. The flexible packaging segment is expected to dominate the global Industrial Packaging Market Size over the forecast period due to the growing demand for transporting pliable products such as fresh and frozen food.
Based on product type, the global Industrial Packaging Market Size is segmented into bags, boxes, sacks, barrels, tanks, and others. The boxes segment is the dominant revenue generator in the global Industrial Packaging Market Size and is likely to dominate the market over the forecast period due to the ease of making boxes into the desired size and the ability to use boxes for packaging a wide variety of industrial products.
COVID-19 Impact
By material, the global Industrial Packaging Market Size is segmented into plastic, metal, paper, and wood. Plastic is likely to remain the dominant material segment in the global Industrial Packaging Market Size over the forecast period due to the growing use of plastic packaging in the industrial sector.
Regional Analysis
Asia Pacific is likely to remain the largest regional market for industrial packaging over the forecast period due to the rapid growth of the industrial sector in this region over the last two decades and the growing demand for electronics, infrastructure, and other consumer products.
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About Market Research Future
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Unternehmensinformation / Kurzprofil:
Datum: 19.05.2020 - 13:25 Uhr
Sprache: Deutsch
News-ID 612742
Anzahl Zeichen: 3805
contact information:
Contact person: sagar
Town:
pune
Phone: 09876543207
Kategorie:
Packaging and Processing
Typ of Press Release: Product
type of sending: send
Date of sending: 19/05/2020
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