Industrial Packaging Industry| COVID-19 Impact, Business Overview, Challenges, Opportunities, Trends and Market Analysis By 2023
The Industrial Packaging Industry 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 Industry highlights the future prediction and the growth alternatives that can be created.
(firmenpresse) - Industrial Packaging Industry Scenario
Industrial packaging is utilized to transport goods from the producer to the consumer. In the supply chain, many times the goods are delivered from manufacturing center to the distribution center, where the goods are packaged for the consumers. The increase in the demand for the industrial packaging is predicted to be propelled mainly by the development of the end-user industries such as good & beverages, construction, chemicals & pharmaceuticals, electronics, and others.
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Market Segmentation
The global Industrial Packaging Industry has been segmented based on packaging type, materials, products, and end-users. By packaging type, the market has been segmented into flexible & rigid. The flexible packaging segment is leading the market owing to the growing need for plastic-based packaging products and diverse application of flexible packaging in various industry verticals. By materials, the market has been segmented into metal, plastic, paper, and wood. The plastic dominated the market in 2016 and is expected to be the fastest growing market over the forecast period due to high efficacy of plastic as an industrial packaging material. By products, the market has been segmented into bags, boxes, sacks, barrels, tanks, and others.
Competitive Landscape
The key players operating in the global Industrial Packaging Industry include Greif, Inc. (U.S.), Greif, Inc. (U.S.), International Paper Company (U.S.), Orora Limited (Australia), Sigma Plastics Group (U.S.), NEFAB GROUP (Sweden), AmeriGlobe LLC (U.S.), Sealed Air Corporation (U.S.), Mondi plc (Austria), WestRock Company (U.S.).
Regional Analysis
The global COVID-19 Industry spans across the regions of North America, Europe, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is the largest market for industrial packaging and is driven by increasing industrialization in the region. Availability of relatively cheap labor, the upsurge in economy and attractiveness for FDI fosters rapid industrialization in Asia Pacific which induces high demand for industrial packaging. In addition, rising consumer spending and increased international trade in the region provides an impetus to the growth of the market. North America follows Asia Pacific closely, and the market is growing due to the rise in import and export activities in the region. North American Free Trade Agreement (NAFTA) is projected to boost the market growth further.
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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: 27.05.2020 - 08:08 Uhr
Sprache: Deutsch
News-ID 613160
Anzahl Zeichen: 3400
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: 27/05/2020
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