Global Industrial Packaging Market Expected to Reach USD 84.7 Billion by 2033 - IMARC Group

November 25, 2024 | Packaging

Global Industrial Packaging Market Statistics, Outlook and Regional Analysis 2025-2033

The global industrial packaging market size was valued at USD 64.0 Billion in 2024, and it is expected to reach USD 84.7 Billion by 2033, exhibiting a growth rate (CAGR) of 3.2% from 2025 to 2033.

Industrial Packaging Market

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One of the major factors impelling the market growth is the rapid expansion of e-commerce and global trade. Online retail platforms require robust and reliable packaging solutions to protect products during shipping, ensuring they reach customers in pristine condition. In line with this, global business to business (B2B) e-commerce sales have consistently increased year after year over the past decade, with the market projected to reach a value of USD $36 trillion by 2026. Additionally, the increase in cross-border trade is driving up demand for strong and effective packaging that can withstand the challenges of handling, storage, and transportation. Industrial packaging solutions such as bulk containers, drums, and corrugated boxes are widely used to safeguard goods during long transit routes. Furthermore, the surge in online consumer purchasing has also driven innovation in sustainable and reusable packaging materials, further fueling the market growth. As businesses prioritize customer satisfaction and aim to reduce return rates due to damaged goods, investments in industrial-grade packaging have become indispensable, positioning the sector as a key enabler of the e-commerce ecosystem.

Besides this, the growing environmental concerns and stringent regulatory frameworks are driving the shift towards sustainable packaging in the industrial sector. Businesses are increasingly adopting recyclable, biodegradable, and reusable materials to align with sustainability goals and meet consumer expectations. This shift is further supported by governmental regulations mandating the reduction of single-use plastics and promoting circular economies. Companies are investing in innovative packaging designs that minimize material usage while maintaining structural integrity. For instance, lightweight yet durable materials reduce transportation costs and environmental impact. Additionally, end-user industries such as chemicals, pharmaceuticals, and food & beverages (F&B) are prioritizing eco-friendly solutions to enhance brand image and comply with international standards. By addressing environmental issues, this increased emphasis on sustainability is fostering growth and differentiation in the industrial packaging market.

Global Industrial Packaging Market Statistics, By Region

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share due to manufacturing expansion, e-commerce, sustainability, and demand for innovative solutions.

North America Industrial Packaging Market Trends:

The industrial packaging market in North America is driven by advancements in e-commerce logistics, emphasizing sustainable and recyclable materials. Key industries like pharmaceuticals and chemicals demand robust solutions. Increasing focus on automation and smart packaging technologies enhances supply chain efficiency, supporting regional market growth.

Asia-Pacific Industrial Packaging Market Trends:

The Asia-Pacific industrial packaging market is experiencing rapid growth due to expanding manufacturing sectors, particularly in China, India, and Southeast Asia. The rise of e-commerce and cross-border trade has increased the need for durable and efficient packaging solutions. Key industries, including F&B, chemicals, and electronics, demand innovative packaging to ensure product safety during transportation and storage. Besides this, sustainability is also becoming a priority, with businesses adopting recyclable and biodegradable materials to align with global environmental goals. Additionally, ongoing advancements in smart and flexible packaging technologies, coupled with government incentives for industrial growth, are further driving market expansion in the region.

Europe Industrial Packaging Market Trends:

Europe's industrial packaging market is shaped by stringent environmental regulations, driving the adoption of biodegradable and reusable materials. Growth in cross-border trade and industrial automation supports demand. Additionally, industries like F&B emphasize customized packaging solutions to align with evolving consumer preferences and sustainability goals.

Latin America Industrial Packaging Market Trends:

In Latin America, expanding manufacturing and export activities boost the industrial packaging market. Agriculture, food processing, and chemical industries drive demand for bulk and flexible packaging solutions. Economic growth and urbanization further encourage investments in durable and cost-effective packaging to optimize supply chain operations.

Middle East and Africa Industrial Packaging Market Trends:

MEA’s industrial packaging market is propelled by rising oil, gas, and chemical industries. Growth in regional infrastructure and export activities fosters demand for high-performance packaging. Sustainability initiatives and increasing investments in advanced materials cater to industrial requirements while addressing environmental concerns.

Top Companies Leading in the Industrial Packaging Industry

Some of the leading industrial packaging market companies include Amcor plc, Berry Global Inc., DS Smith PLC, Global-Pak Inc., Greif Inc., International Paper Company, Mondi plc, Nefab AB, Orora Limited, Smurfit Kappa Group plc, Sonoco Products Company, Westrock Company.

  • In January 2024, Greif and IonKraft launched a pilot partnership to enhance plastic jerrycan recyclability using IonKraft's plasma-based barrier technology, offering a sustainable, non-reactive, and 100% recyclable solution for packaging.


Global Industrial Packaging Market Segmentation Coverage

  • On the basis of the product, the market has been categorized into intermediate bulk containers (IBCs), sacks, drums, pails, and others. The product categories in industrial packaging include Intermediate Bulk Containers (IBCs) for bulk transport, sacks for lightweight goods, drums for liquids and chemicals, and pails for smaller quantities. Each segment caters to specific industry needs, ensuring safe storage and transportation of diverse products across the supply chain.
  • Based on the material, the market is classified into paperboard, plastic, metal, wood, and fiber, amongst which plastic dominates the market due to its durability, lightweight nature, and cost-effectiveness. Widely used across industries, it offers superior protection against moisture and contaminants, ensuring product safety during transit. Its versatility for customization and availability in various forms, such as films and rigid containers, further strengthens its leading position.
  • On the basis of the application, the market has been divided into chemical and pharmaceutical, building and construction, food and beverage, oil and lubricant, agriculture and horticulture, and others. Industrial packaging applications span chemicals and pharmaceuticals for safe handling, building and construction for material transport, and food and beverage for preserving freshness. Oil and lubricants rely on durable containers, while agriculture and horticulture demand bulk packaging for fertilizers and seeds, ensuring efficiency across diverse industry supply chains.

 

Report Features Details
Base Year of the Analysis USD 64.0 Billion
Historical Period USD 84.7 Billion
Forecast Period 3.2%
Units Billion USD
Scope of the Report Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
  • Product
  • Material
  • Application
  • Region
Products Covered Intermediate Bulk Containers (IBCs), Sacks, Drums, Pails, Others
Materials Covered Paperboard, Plastic, Metal, Wood, Fiber
Applications Covered Chemical and Pharmaceutical, Building and Construction, Food and Beverage, Oil and Lubricant, Agriculture and Horticulture, Others
Regions Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Amcor plc, Berry Global Inc., DS Smith PLC, Global-Pak Inc., Greif Inc., International Paper Company, Mondi plc, Nefab AB, Orora Limited, Smurfit Kappa Group plc, Sonoco Products Company, Westrock Company, etc.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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