Industrial packaging Market Size| COVID-19 Impact

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The growing demand for packaged food and beverage products is also likely to be a major driver for the global Industrial packaging Market Size over the forecast period. Packaged food and beverages are among the class of consumer products that require the most care between the site of manufacture and consumption, as they are perishable and can easily react with environmental contaminants such as oxygen and carbon dioxide. 

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.

Segmentation

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.

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.

By end use, the global Industrial packaging Market Size 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 Market Size 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.