Industrial Packaging Industry| COVID-19 Analysis

[sagar]

Industrial packaging comprises the various types of packaging used to transport manufactured products to the consumer. This includes delivery to the distributor, where the products may be further repackaged for creating a better visual appeal on customers.

Competitive Analysis:

Leading players in the global Industrial Packaging Industry 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, and Greif Inc.

Segmentation:

The global Industrial Packaging Industry is segmented on the basis of packaging type, product type, material, end user, and region.

By packaging type, the global Industrial Packaging Industry is segmented into flexible and rigid packaging. The flexible packaging segment is expected to dominate the global Industrial Packaging Industry over the forecast period due to the growing demand for transporting pliable products such as fresh and frozen food.

By material, the global Industrial Packaging Industry is segmented into plastic, metal, paper, and wood. Plastic is likely to remain the dominant material segment in the global Industrial Packaging Industry over the forecast period due to the growing use of plastic packaging in the industrial sector.

By end use, the global Industrial Packaging Industry is segmented into chemicals and pharmaceuticals, food and beverage, construction, electronics, and others. The chemicals and pharmaceuticals sector is the major revenue generator in the global Industrial Packaging Industry due to the high risk of environmental contamination in chemical and pharmaceutical products, which can often be highly reactive.

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.