Due to the growth of various industries such as the food and beverages industry, rapid industrialization and urbanization, and technological advancements, the requirement for industrial packaging is rising at an explosive pace across the world. In addition to this, the implementation of strict safety regulations by various regulatory bodies and governments has pushed up the demand for industrial packaging solutions and services in several countries around the world. Proper packaging is required for safe material storage, handling, and transportation in various applications such as those pertaining to industrial machinery and daily use products.
The other major factor responsible for the boom of the industrial packaging industry is the soaring requirement for industrial packaging solutions in the oi and gas, construction and infrastructure, chemicals, automotive, petrochemicals, industrial machinery, metal fabrication, and agriculture industries. The rising concerns being raised in these industries regarding the safety of products during their storage, handling, and transportation are boosting the adoption of industrial packaging solutions in various applications in these industries. Furthermore, the Asia-Pacific (APAC) region is generating a huge demand for effective packaging solutions, which is, in turn, bolstering the requirement for industrial packaging.
Besides the aforementioned factors, the emergence of innovative and advanced packaging solutions and the easy availability of customized packaging are also boosting the popularity of industrial packaging solutions throughout the world. Due to these factors, the global industrial packaging market is predicted to demonstrate stable growth in the coming years. Flexible and rigid are the two main types of industrial packaging used all over the world. These packaging materials are usually made up of plastic, wood, paper, or metal.
In industries, packaging is mainly required for ensuring product safety during different stages of industrial operations. Moreover, the usage of robust packaging methods is preferred in these settings so that the product can withstand extreme variations in temperature, pressure, and heat. As a result, intermediate bulk containers, sacks, crates, pails, and drums are used in industries for packaging materials. The major end-user industries of industrial packaging solutions are— agriculture and horticulture, chemicals and petrochemicals, oil and lubricants, building and construction, electronics, and food and beverages.
Globally, the industrial packaging market will exhibit rapid expansion in Asia-Pacific (APAC) in the future, as per the forecast of P&S Intelligence, a market research company based in India. This is attributed to the large-scale adoption of industrial packaging solutions in various APAC countries such as India, China, Thailand, Vietnam, Malaysia, and South Korea. The main factor propelling the requirement for industrial packaging in these countries is the mushrooming need for packaging materials that can provide safe storage, transportation, and handling in industries such as oil and gas, electronics, automotive, chemicals, metal fabrication, food and beverages, petrochemicals, construction, and agriculture.
Hence, it can be safely said that the demand for industrial packaging will skyrocket all over the world in the forthcoming years, primarily because of the growing requirement for effective and high-quality packaging solutions in various industrial applications across the world.