Industrial Packaging Market - Growth, Trends, and Forecast (2020 - 2025)

The Industrial Packaging Market is Segmented by Product (Intermediate Bulk Container (IBC), Sacks, Drums, Pails), By End User Industry (Automotive, Food & Beverage, Chemicals and Pharmaceuticals, Oil and Gas, Building and Construction), and Geography.

Market Snapshot

Study Period:


Base Year:


Fastest Growing Market:

Asia Pacific

Largest Market:

North America


4.61 %

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Market Overview

The global industrial packaging market was is expected grow at a CAGR of 4.61% during the forecast period (2020-2025). The increasing volume of resources and products that is being transported across various regions is one of the primary factors that has led to the importance of  bulk industrial packaging.

  • The increasing volume of resources and products that are being transported across various regions is one of the primary factors that has led to the importance of bulk industrial packaging.
  • The packaging used for the storage and transport of bulk liquid and granulated substances, such as food ingredients, solvents, chemicals, and pharmaceuticals, and industrial equipment, among others, in large quantities, are considered in the scope of the industrial packaging market.
  • In the last few decades, industrial packaging has received very scant attention when compared to consumer packaging. However, recently, governments and organizations across the world have come to realize the importance of safe and sustainable industrial packaging
  • The growing trend of sustainability, buoyed by legislation across various countries, has driven the demand for recycling and reusability in the industrial packaging sector.
  • The market has also observed an increased focus on downgauging/material reduction. An instance of this is the introduction of multi-walled paper sacks. This has helped in reducing the weight of traditional sacks considerably without sacrificing on the strength and performance.
  • As the market moves toward sustainability and safe packaging, companies with a stronghold over the supply chain are expected to have an edge. The recent (October 2018) grouping of four major packaging companies, including BWAY, Mauser Group, National Container Group (NCG), and Industrial Container Services (ICS), indicate their efforts to strengthen the supply chain. With the recollection and reconditioning capabilities of NGC and ICS coupled with the rigid packaging expertise of BWAY and Mauser, the combined entity Mauser Packaging Solutions would cater to the product and service needs of global customers, across the entire packaging lifecycle.
  • With respect to geographies, Asia-Pacific is expected to emerge as a significant market, considering the growing industrial production, while regions, like North America and Europe, would remain promising markets.

Scope of the Report

Industrial packaging is utilized to protect, ship, and store a wide range of goods. Typically, industrial packaging is done at the production site, right after production, although it can be used at any point of the supply chain. This type of packaging is usually done for products that are sensitive and heavily rely on stability or are hazardous or bulky or for products that have components that are sensitive to each other.

By Product
Intermediate Bulk Containers (IBCs)
By End-User Vertical
Food & Beverages
Chemicals and Pharmaceuticals​
Oil and Gas
Building and Construction​
Other End-user Verticals
North America
United States
United Kingdom
Rest of Europe
Asia Pacific
Rest of Asia-Pacific
Rest of the World

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Key Market Trends

Emergence of Sustainable and Recyclable Packaging Materials to Drive Growth of Industrial Packaging Market

  • Sustainability defines the present state and the foreseeable future of package design and corporate responsibility. Sustainable packaging is proving to be a better option for the environment, in addition to being an excellent investment.
  • The growing environmental concerns over safe disposal and recycling of packaging materials have led to the introduction of new policies and regulations, mandating companies to recover their packaging materials. Initially, consumer packaging materials were targeted, owing to the scale of packaging wastes generated.
  • However, government and packaging organizations have started addressing the environmental effects involved in the use of industrial packaging. International standards for packaging vary and are based on a host of different regulations. Most standards mandated are voluntary as of now. However, there is a continued push for stricter regulations for packaging materials and their recyclability.
  • The major constraint to the growth in the sustainable packaging market has been the higher cost that comes along with it. However, with improved technology, the affordability quotient has been increasing.
  • Companies like Walmart and Coca-Cola have invested in sustainability-related to packaging, as it is becoming an increasingly lucrative transition. The Coca-Cola Company have made their packaging more sustainable by adopting more resource-efficient designs, in addition to using recycled and renewable materials. According to Coca-Cola reports, they have saved approximately USD 180 million a year.

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United States to Account for a Significant Market Share

  • The industrial packaging market in the United States is bolstered by the presence of major market players and dynamic manufacturing industries, such as chemicals, pharmaceuticals, food and beverages, and automotive.
  • The country is the third-largest exporter after China and the European Union, and the second-largest importer of goods in the world. These goods mainly constitute of industrial machinery, medical equipment, petroleum products, and automotive parts and supplies.
  • In 2018, the exports in the United States increased by 6.3% from the previous year to USD 2.50 trillion. The exports reached an all-time high of USD 212,846 million in May of 2018.
  • In 2018, the exports of petroleum reached USD 172.4 billion. In 2018, the main export partners were Canada (18%), Mexico (16%), China (7%), Japan (4.5%), the United Kingdom (4%), and Germany (3.5%).
  • The export of petroleum requires large and safe containers that could withstand harsh temperature conditions. The growing exports of petroleum products are expected to boost the growth of the market in the country.

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Competitive Landscape

The global industrial packaging landscape remains highly fragmented due to the existence of numerous international, regional, and local vendors. Local manufacturers of industrial packaging products cater to unique, innovative solutions at a price lower as compared to the international vendors, resulting in an intense price battle.

  • February 2019 - Greif, Inc., a leader in industrial packaging products and services, announced the acquisition of Caraustar Industries, Inc. Greif estimates it will be able to generate at least USD 45 million in cost synergies and performance improvements within the coming 36 months through the integration of the existing Caraustar operations with Greif's existing business.
  • March 2018 - Constantia Flexibles Group announced the acquisition of a majority shareholding in India’s Creative Polypack Limited. Creative Polypack supplies film-based flexible packaging for the food and home & personal care (HPC) industries, in addition to paper-based soap wrappers.

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Table Of Contents


    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Dynamics

    3. 4.3 Market Drivers

      1. 4.3.1 Emergence of Sustainable and Recyclable Packaging Materials to Drive Growth of Industrial Packaging Market

      2. 4.3.2 Growth of End-User Industries

    4. 4.4 Market Restraints

      1. 4.4.1 Dynamic Changes in Regulatory Standards due to increasing Environmental Concerns

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry


    1. 5.1 By Product

      1. 5.1.1 Intermediate Bulk Containers (IBCs)

      2. 5.1.2 Sacks

      3. 5.1.3 Drums

      4. 5.1.4 Pails

      5. 5.1.5 Others

    2. 5.2 By End-User Vertical

      1. 5.2.1 Food & Beverages

      2. 5.2.2 Automotive

      3. 5.2.3 Chemicals and Pharmaceuticals​

      4. 5.2.4 Oil and Gas

      5. 5.2.5 Building and Construction​

      6. 5.2.6 Other End-user Verticals

    3. 5.3 Geography

      1. 5.3.1 North America

        1. United States

        2. Canada

      2. 5.3.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Rest of Europe

      3. 5.3.3 Asia Pacific

        1. China

        2. Japan

        3. India

        4. Rest of Asia-Pacific

      4. 5.3.4 Rest of the World


    1. 6.1 Company Profiles

      1. 6.1.1 Sealed Air Corporation

      2. 6.1.2 Constantia Flexibles

      3. 6.1.3 Greif, Inc.

      4. 6.1.4 Beacon Converters, Inc.

      5. 6.1.5 Tekni-Plex, Inc.

      6. 6.1.6 Industrial Packaging Supplies, Inc.

      7. 6.1.7 Balmer Lawrie & Co. Ltd. (BL)

      8. 6.1.8 Veritiv Corporation

      9. 6.1.9 Colorado Industrial Packaging Corp.

      10. 6.1.10 Mondi Plc

      11. 6.1.11 Orora Limited

      12. 6.1.12 Amcor plc

  7. *List Not Exhaustive


** Subject to Availability

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