The Latest Industrial Packaging Industry Statistics Explained
The global industrial packaging market size was valued at USD 62.32 billion in 2016.
The statistic “The global industrial packaging market size was valued at USD 62.32 billion in 2016” indicates that in the year 2016, the total value of industrial packaging products sold worldwide amounted to $62.32 billion. Industrial packaging includes materials and containers used to protect, store, and transport goods in industries such as manufacturing, logistics, and construction. This market size figure provides insight into the scale and economic importance of the industrial packaging industry on a global level in 2016, reflecting the significant demand for packaging solutions to support various industrial activities.
The industrial packaging industry is expected to grow at a CAGR of 3.67% from 2021 to 2028.
This statistic indicates that the industrial packaging industry is projected to experience a Compound Annual Growth Rate (CAGR) of 3.67% between the years 2021 and 2028. This means that on average, the industry is expected to grow at a rate of 3.67% per year during this period. The CAGR provides a smoother representation of growth over time compared to annual growth rates, by taking into account the compounding effect of growth year after year. This forecast suggests that the industrial packaging industry is likely to expand steadily over the specified timeframe, reflecting potential opportunities for companies operating within this sector and highlighting a positive outlook for future growth and development.
55% of industrial packaging is used in the chemical sector.
The statistic that 55% of industrial packaging is used in the chemical sector indicates that more than half of all packaging materials in the industrial sector are utilized for packaging products in the chemical industry. This suggests a significant demand for packaging materials within the chemical sector, likely due to the nature of chemical products requiring specialized packaging for safe storage, transport, and handling. The high percentage also implies that the chemical industry is a major consumer of industrial packaging, highlighting the importance of efficient and effective packaging solutions in this particular sector.
North America is the largest market for industrial packaging, accounting for 30% of the total market.
The statistic that North America is the largest market for industrial packaging, accounting for 30% of the total market, indicates that a significant portion of the global industrial packaging industry is concentrated in North America. This could be attributed to various factors such as the region’s strong manufacturing base, high demand for industrial products, and well-established supply chains. The prominence of North America in industrial packaging highlights the region’s economic importance and influence in the global market, as well as the potential opportunities for businesses operating in this sector to target and serve clients in North America to capture a substantial market share.
The plastic material segment held the lion’s share in the market in 2019.
The statement “The plastic material segment held the lion’s share in the market in 2019” implies that within the market being referenced, the plastic material sector accounted for the largest proportion of total sales or market value during the year 2019. This statistic suggests that plastic materials had a dominant presence in terms of market share compared to other material segments, indicating that plastic products were in high demand or had a significant impact on the market during that period. This information may be valuable for stakeholders in the industry to understand the competitive landscape and trends within the market for making informed business decisions related to product development, marketing strategies, and investment opportunities.
The Asia Pacific is estimated to be the fastest-growing region in the industrial packaging market with a CAGR of 5.7%.
This statistic indicates that the Asia Pacific region is experiencing rapid growth in the industrial packaging market, with a projected Compound Annual Growth Rate (CAGR) of 5.7%. This suggests that there is increasing demand for industrial packaging solutions in this region, driven by factors such as economic development, globalization of trade, and increasing industrial activities. A CAGR of 5.7% indicates sustained growth over a period of time, highlighting the region’s potential as a key market for industrial packaging companies looking to expand their operations. This growth trend may present opportunities for businesses to capitalize on the increasing demand for industrial packaging solutions in the Asia Pacific region.
The demand for sacks in the industrial packaging industry is anticipated to grow at a CAGR of 4% during the forecast period.
This statistic indicates that the demand for sacks in the industrial packaging industry is expected to increase at a Compound Annual Growth Rate (CAGR) of 4% over a specific forecast period. A CAGR of 4% implies a steady, consistent growth rate each year during the forecast period, which suggests that the demand for sacks in the industrial packaging industry is projected to rise steadily over time. This information is valuable for business planning and decision-making purposes as it provides insight into the anticipated growth trajectory of the industry, allowing companies to adjust their production, marketing, and sales strategies accordingly to capitalize on the increasing demand for sacks in industrial packaging.
By 2027, the industrial bulk packaging market is expected to reach USD 10.7 billion.
The statistic indicates that the industrial bulk packaging market is projected to grow significantly over the next six years, reaching a value of USD 10.7 billion by 2027. This growth forecast suggests a strong and steady demand for bulk packaging solutions within the industrial sector. Factors contributing to this upward trend may include increased globalization, growing industrial activities, and the need for efficient and cost-effective packaging solutions. This statistic provides valuable insights for businesses operating in the packaging industry, enabling them to anticipate market trends and plan strategic initiatives to capitalize on the projected market expansion.
Metal packaging material is expected to register a CAGR of 4% up to 2024.
This statistic indicates that the metal packaging industry is projected to experience a Compound Annual Growth Rate (CAGR) of 4% over the period until 2024. This suggests that there is expected to be a steady increase in the demand for metal packaging materials, with a consistent annual growth rate of 4%. Factors such as durability, recyclability, and sustainability of metal packaging materials may contribute to this growth trend, leading to opportunities for manufacturers and suppliers in the metal packaging sector to expand their market presence and potentially increase their profitability over the specified time frame.
Paperboard industrial packaging is projected to reach $227.47 billion by 2030.
The statistic “Paperboard industrial packaging is projected to reach $227.47 billion by 2030” indicates the anticipated total market value of paperboard packaging used for industrial purposes by the year 2030. This forecast suggests a significant growth trajectory for the industry, with an estimated value of $227.47 billion representing the total revenue generated from the production and sale of paperboard packaging solutions to various industrial sectors. This projection reflects a growing demand for sustainable and cost-effective packaging solutions in industries such as manufacturing, logistics, and retail, highlighting the importance of paperboard as a versatile and environmentally friendly packaging material in the global market.
The rigid packaging type segment was dominant in the market in 2020.
The statement “The rigid packaging type segment was dominant in the market in 2020” suggests that among all types of packaging materials and forms utilized in the market in 2020, rigid packaging had the highest market share or presence. This indicates that consumers, manufacturers, or distributors favored rigid packaging materials such as glass, metal, or plastic containers over flexible packaging options like pouches or bags. The dominance of rigid packaging could be attributed to factors such as durability, perceived product quality, or environmental considerations. This statistic highlights the significant influence and preference for rigid packaging within the market during the specified year.
In 2019, the industrial drums segment generated the highest revenue.
The statistic “In 2019, the industrial drums segment generated the highest revenue” indicates that within a particular industry or market, the segment focused on producing industrial drums had the highest total sales or income for that year. This suggests that the industrial drums segment was the most successful in terms of generating revenue compared to other segments or products within the same industry. The high revenue generated by the industrial drums segment could be attributed to factors such as increased demand for industrial drums, effective marketing strategies, efficient production processes, competitive pricing, or unique product offerings that resonated with customers. This statistic highlights the relative importance and financial success of the industrial drums segment in the context of the broader industry landscape in 2019.
The rigid IBCs segment is estimated to grow at a CAGR of 6.7% during 2016-2023.
The statistic indicates that the segment of rigid intermediate bulk containers (IBCs) is projected to experience a Compound Annual Growth Rate (CAGR) of 6.7% between the years 2016 and 2023. This means that over the specified period, the market for rigid IBCs is expected to grow at an average annual rate of 6.7%. The CAGR is a widely used measure of growth that smoothens out fluctuations and provides a single, easy-to-understand figure representing the year-on-year growth rate. The forecasted growth of 6.7% suggests that the demand for rigid IBCs is increasing steadily and may present attractive opportunities for businesses operating in this market.
China’s industrial packaging market size was around USD 9 billion in 2021.
The statistic “China’s industrial packaging market size was around USD 9 billion in 2021” represents the estimated total value of industrial packaging goods traded within China during the year 2021. This figure encompasses a wide range of packaging materials and products used in industries such as manufacturing, logistics, and distribution. The market size reflects the economic importance and scale of the industrial packaging sector in China, indicating significant demand for packaging solutions to protect, store, and transport goods effectively within the country. An increase or decrease in this market size can signal shifts in industrial production levels, trade activities, and overall economic trends within China’s industrial sector.
Europe held more than 20% revenue share of the global paperboard packaging market in 2016.
The statistic indicates that Europe’s paperboard packaging industry accounted for over 20% of the total global revenue generated in 2016. This suggests that Europe plays a significant role in the paperboard packaging market on a global scale, indicating the region’s strong presence and market share in this industry. Factors such as technological advancements, sustainability initiatives, and established infrastructure within Europe might have contributed to this market dominance. The statistic implies that European countries are major players in the paperboard packaging market, influencing global trends and contributing significantly to the overall revenue generated by the industry in 2016.
The flexible packaging segment is expected to witness the highest growth rate in the Latin America region.
The statement “The flexible packaging segment is expected to witness the highest growth rate in the Latin America region” suggests that among all the packaging categories in Latin America, flexible packaging is projected to experience the most significant increase in market demand and adoption. This growth may be driven by various factors such as consumer preferences for convenient and sustainable packaging solutions, advancements in technology improving the efficiency and versatility of flexible packaging, or changing market trends favoring lightweight and cost-effective packaging materials. The forecast indicates that companies specializing in flexible packaging are likely to benefit from expanding their market presence in Latin America as they capitalize on the growing demand for this packaging category in the region.
The Indian industrial packaging market is estimated to grow at a CAGR of 11% during 2021-2026.
This statistic indicates that the Indian industrial packaging market is projected to experience a Compounded Annual Growth Rate (CAGR) of 11% over the period from 2021 to 2026. This suggests a strong and steady growth trend in the industrial packaging industry in India over the specified five-year period. A CAGR of 11% signifies that the market size is expected to increase by an average of 11% annually during this timeframe. Factors such as increasing industrial activities, growing e-commerce sector, and rising focus on sustainability and efficient packaging solutions could be driving this growth in the Indian industrial packaging market. Overall, this statistic provides valuable insight into the anticipated growth trajectory of the industrial packaging sector in India for the next five years.
The construction sector is projected to be the fastest-growing end-use industry segment of the industrial packaging market.
This statistic suggests that within the industrial packaging market, the construction sector is expected to experience the highest rate of growth compared to other industry segments. This growth projection could be driven by factors such as increased construction activities, infrastructure development projects, and the need for specialized packaging solutions tailored to the unique requirements of the construction sector. As a result, manufacturers and suppliers of industrial packaging materials and products may see a greater demand for their offerings from construction companies, leading to opportunities for expanding their market share and boosting overall sales within this segment of the industrial packaging market.
Conclusion
The industrial packaging industry is a vital sector that plays a crucial role in the distribution and protection of goods. By examining the statistics and trends within this industry, it is clear that there is promising growth and innovation on the horizon. As technology continues to advance and environmental concerns shape consumer demand, industry players must adapt and evolve to stay competitive. Overall, the statistics reveal a dynamic and resilient industry that is poised for continued success in the future.
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