Posted By Coherent Market Insights
Posted on October 12, 2021
The Industrial Packaging Market registered a CAGR of 3.53% during the forecast period (2021 – 2026).
Industrial packaging is basically done to transport product from manufacturers to consumers while keeping the product safe. They are used to package heavy and highly sensitive to environment product in order to safeguard the product for longer durations and transport them properly.
A detailed report on Global Industrial Packaging Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Industrial Packaging market: Smurfit Kappa Group,Cascades Inc,Mauser Group B.V.,Grief Inc,International Paper,Nefab Group,Schutz,Sonoco,AmeriGlobe,B.A.G. Corp
Regional Analysis For Industrial Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Opportunities
Growth in the chemical industry along with the increasing trade of the chemicals products is expected to serve the major market opportunities over the forecast period. According to the India Brand Equity Foundation, total exports of dyes and dye intermediates, organic and inorganic chemicals, including agrochemicals, cosmetics and toiletries, essential oils and castor oil, stood at US$ 19.09 billion during the year 2018-2019. Moreover, the chemical sector is projected to double to US$ 300 billion by 2025, clocking an annual the growth rate of 15-20 percent.
Global Industrial Packaging Market – Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has changed the buying pattern of consumers. Measures such as nationwide lockdown have led panic buying of food and hygiene products. Nestle S.A., a food and drink company, has reported quarterly growth in sales of 4.3% in North America and Europe in April 2020, as against the previous quarter. As per Coherent Market Insights (CMI), this is the highest growth in sales of the company in the past five years, which resulted as an outcome of panic buying. Kraft Heinz Company’s net sales increased by 3.3% in first quarter of 2020 as compared to first quarter of 2019, primarily attributed to the sudden in the segment of packaged food due to the pandemic. This has surged the market for packaging products and solutions.
Competitive Section:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Industrial Packaging market Is Expected To Boost The Growth, Opportunity Over The Forecast Period 2021-2027. appeared first on Gatorledger.
The Industrial Packaging Market registered a CAGR of 3.53% during the forecast period (2021 – 2026).
Industrial packaging is basically done to transport product from manufacturers to consumers while keeping the product safe. They are used to package heavy and highly sensitive to environment product in order to safeguard the product for longer durations and transport them properly.
A detailed report on Global Industrial Packaging Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Industrial Packaging market: Smurfit Kappa Group,Cascades Inc,Mauser Group B.V.,Grief Inc,International Paper,Nefab Group,Schutz,Sonoco,AmeriGlobe,B.A.G. Corp
Regional Analysis For Industrial Packaging Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Industrial Packaging market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Opportunities
Growth in the chemical industry along with the increasing trade of the chemicals products is expected to serve the major market opportunities over the forecast period. According to the India Brand Equity Foundation, total exports of dyes and dye intermediates, organic and inorganic chemicals, including agrochemicals, cosmetics and toiletries, essential oils and castor oil, stood at US$ 19.09 billion during the year 2018-2019. Moreover, the chemical sector is projected to double to US$ 300 billion by 2025, clocking an annual the growth rate of 15-20 percent.
Global Industrial Packaging Market – Impact of Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic has changed the buying pattern of consumers. Measures such as nationwide lockdown have led panic buying of food and hygiene products. Nestle S.A., a food and drink company, has reported quarterly growth in sales of 4.3% in North America and Europe in April 2020, as against the previous quarter. As per Coherent Market Insights (CMI), this is the highest growth in sales of the company in the past five years, which resulted as an outcome of panic buying. Kraft Heinz Company’s net sales increased by 3.3% in first quarter of 2020 as compared to first quarter of 2019, primarily attributed to the sudden in the segment of packaged food due to the pandemic. This has surged the market for packaging products and solutions.
Competitive Section:
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Industrial Packaging market Is Expected To Boost The Growth, Opportunity Over The Forecast Period 2021-2027. appeared first on Gatorledger.
