Industrial Packaging Market (2025-2032)
The Industrial Packaging Market is expected to reach $102.4 billion by 2032, at a CAGR of 4.6% from 2025 to 2032.
- Published
- Sep 2024
- Pages
- 260
- Format
- PDF + Excel
- Report ID
- MR-1144
- Base year
- 2024
- 2032 · FORECAST
- $102.4B
- 2032
- $102.4B
- CAGR 2025–2032
- 4.6%
2024 baseline · 2025–2032 forecast at 4.6% CAGR · hover a bar for the value
Key highlights
By Type: in 2025, the Secondary Packaging Segment to Dominate the Industrial Packaging Market
By Material: in 2025, the Plastic Segment to Dominate the Industrial Packaging Market
By Sector: in 2025, the Retail & E-Commerce Segment to Dominate the Industrial Packaging Market
Report summary
| Particulars | Details |
|---|---|
| Number of Pages | 260 |
| Format | |
| Forecast Period | 2025–2032 |
| Base Year | 2024 |
| CAGR (Value) | 4.6% |
| Market Size (Value) | USD 102.4 Billion by 2032 |
| Segments Covered | By Type · Secondary Packaging · Crates · Trays · Sacks · Pails · Intermediate Bulk Containers (IBC) · Drums · Corrugated Boxes · Tertiary Packaging · Pallets · Containers · Wooden Containers · Bulk Containers · Fiberboards · By Material · Plastic · Low-Density Polyethylene (LDPE) · High-Density Polyethylene (HDPE) · Polypropylene (PP) · Polyethylene Terephthalate (PET, PETE) · Polyvinyl Chloride (PVC, Vinyl) · Polystyrene (PS) · Wood · Metal · Aluminium · Tinplate · Tin-free Steel (TFS) · Stainless Steel (SS) · Paperboard · Other Materials · By Sector · Food & Beverage · Retail & E-Commerce · Pharmaceuticals · Building & Construction · Chemicals · Petroleum · Electrical & Electronics · Automotive & Transportation · Industrial Machinery & Equipment · Other Sectors |
| Countries Covered | North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Netherlands, Spain, Sweden, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Singapore, Australia & New Zealand, Indonesia, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (Saudi Arabia, UAE, Israel, and Rest of the Middle East & Africa) |
| Key Companies | Greif, Inc. (U.S), Amcor Group GmbH (Switzerland), Berry Global Inc. (U.S.) (a Subsidiary of Berry Global Group, Inc.), WestRock Company (U.S.), Mondi plc (U.K.), Crown Holdings, Inc. (U.S.), Smurfit Kappa Group (Ireland), Oji Holdings Corporation (Japan), DS Smith Plc (U.K.), Sonoco Products Company (U.S.), International Paper Company (U.S.), Orora Limited (Australia), Sigma Plastics Group (U.S.), MAUSER Packaging Solutions (U.S.), Global-Pak, Inc. (U.S.), and Ficus Pax Private Limited (India). |
Report overview
Segments covered: type, material, sector. Regions: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
The growth of the industrial packaging market is driven by the rising demand for sustainable packaging solutions in the chemical industry and the emergence of sustainable and recyclable packaging materials. However, fluctuations in raw material prices may restrain market growth. Furthermore, the increasing focus on packaging design and prototyping services is anticipated to create growth opportunities for market players.
Market dynamics
12 factors across 3 forcesRising Demand for Sustainable Packaging Solutions in the Chemical Industry
Using Recyclable and Reusable Packaging
Companies are opting for materials that can be recycled or reused, such as metal drums, intermediate bulk containers (IBCs), and other durable packaging solutions.
Reducing Packaging Material
This approach involves designing packaging that uses fewer materials while maintaining safety and compliance standards.
Collaborating with Sustainable Packaging Providers
Companies are partnering with suppliers who specialize in sustainable packaging to access new technologies and innovations.
Emergence of Sustainable and Recyclable Packaging Materials
Recycled Plastics
Bioplastics
Compostable Materials
Recycled Paper and Cardboard
Bamboo and Renewable Resources
Table of contents
11 chapters · 139 sections · 260 pages · click to expandSegmental analysis
| Segment | Largest share (2025) | Fastest growth (2025–2032) |
|---|---|---|
| By Type | Secondary Packaging | — |
| By Material | Plastic | Metal |
| By Sector | Retail & E-Commerce | Retail & E-commerce |
By Type
- The secondary packaging segment is expected to account for the larger share of 70% of the global industrial packaging market.
- The large market share of this segment can be attributed to the increasing adoption of secondary packaging among businesses as it facilitates easy handling, stacking, and storage of multiple products.
- It acts as a protective buffer during shipment, safeguarding the primary packaging.
- Furthermore, the tamper-evident seals or features incorporated into secondary packaging offer an additional layer of security, ensuring product integrity.
- Additionally, secondary packaging provides additional space for the inclusion of essential information and labeling, ensuring compliance with regulatory standards and industry regulations.
- Moreover, numerous companies are collaborating to offer sustainable secondary packaging solutions.
- For instance, in August 2022, Mondi plc (U.K.) partnered with Essity AB (Sweden) and Dow Chemical Company (U.S.) to develop recyclable secondary packaging for Essity's feminine care products, incorporating renewable materials and post-consumer recycled content.
- Moreover, the secondary packaging segment is projected to register a higher CAGR during the forecast period of 2025 to 2032.
By Material
- The Plastic Segment to Dominate the Industrial Packaging Market
- The plastic segment is expected to account for the largest share of 51% of the global industrial packaging market.
- This segment's large market share can be attributed to several factors: the lightweightness of plastic reduces shipping costs and energy consumption during transportation, its versatility allows it to be molded, shaped, and colored into a wide range of designs and forms, enabling custom packaging solutions across various industries, and its compliance with food and pharmaceutical safety regulations ensures industry adherence to strict standards.
- Additionally, plastic's corrosion resistance makes it an ideal choice for packaging in corrosive environments or for items prone to rusting.
- However, the metal segment is projected to register the highest CAGR during the forecast period of 2025 to 2032.
- The growth of this segment is driven by the increasing adoption of metals such as aluminum and steel in industrial packaging due to their higher durability compared to other materials like paper and plastic.
- Additionally, the rising utilization of metals such as aluminum and steel is attributed to their excellent barrier properties, effectively protecting products from moisture, air, light, and contaminants.
- Moreover, metal packaging is designed to seamlessly integrate with automated machinery and processes, thereby facilitating efficient production and packaging lines.
By Sector
- The retail & E-Commerce segment is expected to account for the largest share of 24% of the global industrial packaging market.
- This segment's large market share can be attributed to the growing demand for well-designed secondary packaging in the retail & E-Commerce sector, which enhances brand identity and makes products more recognizable and appealing to consumers.
- Additionally, the packaging provides an extra layer of protection for products during transportation, handling, and storage.
- Moreover, the retail & E-commerce segment is projected to register the highest CAGR during the forecast period of 2025 to 2032.
Geographic analysis
Asia-Pacific
Largest shareIn 2025, Asia-Pacific is expected to account for the largest share of 46% of the global industrial packaging market. Asia-Pacific's significant market share can be attributed to the presence of prominent players in the region providing industrial packaging solutions for various sectors, the increasing use of packaging in the retail & E-commerce, food & beverage, and pharmaceutical sectors, the rising demand for eco-friendly packaging solutions, the continuous technological innovations enhancing the efficiency and effectiveness of industrial packaging products and services in the region, and the growing adoption of sustainable materials for industrial packaging driven by supportive government policies, regulations, and incentives. Furthermore, the rising adoption of sustainable packaging materials has prompted numerous packaging solution providers to expand their offerings to meet the growing demand in the region. For instance, in December 2022, Amcor Group GmbH (Switzerland) opened a packaging plant in China, enhancing Amcor's capacity to meet the increasing customer demand across Asia-Pacific. This new facility will specialize in producing flexible packaging solutions for food and personal-care products. Moreover, the market in Asia-Pacific is projected to register the highest CAGR of 6% during the forecast period of 2025 to 2032.
Competitive landscape
- November 2024
Amcor Group GmbH (Switzerland) signed an agreement with NOVA Chemicals Corporation (Canada) to procure mechanically recycled polyethylene resin (rPE) for incorporation into flexible packaging films. Increasing the use of rPE in flexible packaging applications indicates Amcor's dedication to advancing packaging circularity.
- August 2022
BASF SE (Germany) and Nippon Paint Co., Ltd. (China) jointly launched an eco-friendly industrial packaging solution. Leveraging BASF's water-based acrylic dispersion Joncryl High-Performance Barrier (HPB) as the barrier material, this innovative packaging material is intended for use with Nippon Paint's construction dry mortar products.
- Greif, Inc. (U.S)
- Amcor Group GmbH · Switzerland
- WestRock Company (U.S.)
- Mondi plc (U.K.)
- Crown Holdings, Inc. (U.S.)
- Smurfit Kappa Group · Ireland
- Oji Holdings Corporation · Japan
- DS Smith Plc (U.K.)
- Sonoco Products Company (U.S.)
- International Paper Company (U.S.)
- Orora Limited · Australia
- Sigma Plastics Group (U.S.)
- MAUSER Packaging Solutions (U.S.)
- Global-Pak, Inc. (U.S.)
- Ficus Pax Private Limited · India
Frequently asked questions
This study focuses on market assessment and opportunity analysis by analyzing the sales of industrial packaging solutions across various regions and countries. This study also offers a competitive analysis of the industrial packaging market based on an extensive assessment of the leading players' product portfolios, geographic presence, and key growth strategies.
Cite this report
Meticulous Research. (2024). Industrial Packaging Market - Global Opportunity Analysis and Industry Forecast (2025-2032) (Report No. MR-1144). Meticulous Market Research Pvt. Ltd. https://www.meticulousresearch.com/product/industrial-packaging-market-5827