Industry Press Releases

Industrial Packaging (Drums, Containers, Pails, Sacks, Crates) Market 2016 - Global Forecast to 2026 - Research and Markets

Friday, Dec 23, 2016

Research and Markets has announced the addition of the "Industrial Packaging Market by Pack Type (Drums, Containers, Pails, Sacks, Crates), Material (Metal, Paperboard, Wood, Plastic), Application (Automotive, Food & Beverages, Building & Construction, Chemical), and Region - Global Forecast to 2026" report to their offering.

The global market for industrial packaging is projected to grow from USD 54.94 billion in 2016 to reach USD 93.28 billion by 2026, at an estimated CAGR of 5.4%.

The market for industrial packaging is driven by the growing demand in industries such as food & beverages, automotive, manufacturing, construction, aerospace & defense, and marine, in both developed and developing countries. Industrial packaging involves protected storage, transporting, and handling of goods in large quantities from manufacturing centers to distribution centers where they are packaged for the end customers.

The growth in demand for industrial packaging is expected to mainly be driven by the growth of its end-use industries such as chemicals & pharmaceuticals, food & beverages, and automotive among others. Increasing stringent rules & regulations and environmental concerns act as a restraint to the industrial packaging domain.

On the basis of pack type, the sack segment is projected to be the fastest growing during the next five years. Sacks are mainly of two typespaper sacks and PE sacks. A paper sack is a packaging made of high quality paper fiber (usually Kraft virgin fiber), which is normally used for transporting powder materials such as flour, cement, and animal feed. Paper sacks are usually made of Kraft paper, which have the advantage of being soft as well as strong. Plastic hazard-free paper sacks are used for cement, food, chemicals, consumer goods, and flour bags.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Packaging Market, by Pack Type

7 Industrial Packaging Market, by Material

8 Industrial Packaging Market, by Application

9 Industrial Packaging Market, by Region

10 Competitive Landscape

11 Company Profiles

•    Amcor Limited
•    Bemis Company, Inc.
•    Grief, Inc.
•    International Paper Company
•    Mauser Group
•    Mondi Plc
•    Orora Limited
•    Sigma Plastics Group
•    Westrock Company
•    Wuxi Sifang Drums Limited Company

For more information about this report visit http://www.researchandmarkets.com/research/x9h9j6/industrial

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Source: businesswire.com

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