Industrial packaging Market Research Report 2018: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Packaging Type (Flexible & Rigid), Materials (Metal, Plastic, Paper, And Wooden), Products (Bags, Boxes, Sacks, Barrels, Tanks, And Others), End-User And Region – Global Forecast 2023
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Global Industrial Packaging Market :
The global industrial packaging market is expanding at an incremental pace and is set to capture a CAGR of 5% over the forecast period of 2017-2023, proclaims Market Research Future (MRFR) in a comprehensive research report. The global industrial packaging market is observing persistent growth due to the growth in end-use industries which generates demand for packaging. The rise in trading activities across the world supports the growth of the global industrial packaging market. Import and export of goods require high-quality packaging to prevent them from damage and enable safe transportation.
Growth in industries such as chemical, construction, and pharmaceuticals further stimulate the growth of the market. Improvements and advances in the packaging process and techniques result in better quality packaging and efficient use of resources which is also a driving factor in the growth of the market. On the downside, the growth of the market might be hindered by pricing pressures and stringent regulations pertaining to the environment and employee safety. However, development of biodegradable materials as packaging materials is expected to provide opportunities for market expansion.
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Competitive Landscape
The key players operating in the global industrial packaging market include :
• 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.)
• Bemis Company Inc. (U.S.)
• Mauser Group (Germany)
• Wuxi Sifang Drums Limited Company (China)
• Sonoco Products Company (U.S.)
• Schoeller Allibert (The Netherlands)
Industry Updates
In June 2018, Stone Canyon Industries (SCI) announced the acquisition of a US-based container solutions and services provider Industrial Container Services (ICS) for USD 1 Billion. The transaction was made through BWAY Holding Company (BWAY), which is a subsidiary to SCI and a global supplier of industrial rigid packaging products and services.
Segmentation
The global industrial packaging market 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. The box segment dominated the market in 2016 and is expected to witness growth over the forecast period. By end-user, the market has been segmented into food & beverages, construction, chemicals & pharmaceuticals, electronics, and others.
Regional Analysis
The global industrial packaging market 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. Europe market for industrial packaging is also a steady one owing to strong demand from the food & beverage and pharmaceutical industries.
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Table of Contents :
1. Report Prologue
2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Continued……..
LIST OF TABLES
Table 1 Prescribed Health Apps Industry Synopsis, 2017–2023
Table 2 Global Prescribed Health Apps Market Estimates & Forecast, 2017–2023, (USD Million)
Table 3 Global Prescribed Health Apps Market, By Region, 2017–2023, (USD Million)
Table 5 Global Prescribed Health Apps Market, By Type, 2017–2023, (USD Million)
Table 6 Global Prescribed Health Apps Market, By Device, 2017–2023, (USD Million)
Table 7 Global Prescribed Health Apps Market, By End-User, 2017–2023, (USD Million)
Continued…….
LIST OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Global Prescribed Health Apps Market
Figure 3 Segmentation Market Dynamics For Prescribed Health Apps Market
Figure 4 Global Prescribed Health Apps Market Share, By Type 2016
Figure 5 Global Prescribed Health Apps Market Share, By Devices 2016
Figure 6 Global Prescribed Health Apps Market Share, By End Users, 2016
Figure 7 Global Prescribed Health Apps Market Share, By Region, 2016
Continued…….
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