Industrial Packaging Market Size and Trends
The global industrial packaging market size was valued at USD 65.38 billion in 2023 and is projected to reach USD 111.82 billion by 2034, registering a CAGR of 5% from 2024 to 2034. The market growth is attributed to the rising emerging sustainability trends and rising technological advancements.
Industrial Packaging Market Player
- DS Smith (U.K.)
- Mondi (U.K.)
- Sonoco Products Company (U.S.)
- Sealed Air (U.S.)
- Huhtamäki Oyj (Finland)
- Smurfit Kappa (Ireland)
- WestRock Company (U.S.)
- UFP Technologies, Inc. (U.S.)
- Stora Enso (Finland)
- Pregis LLC (U.S.)
- Shenzhen Hoichow Packing Manufacturing Ltd. (China)
- International Paper (U.S.)
- Dordan Manufacturing Company (U.S.)
- Hangzhou Xunda Packaging Co. (China)
- Mosburger GmbH (Austria)
- Universal Protective Packaging Inc. (U.S.)
- Parksons Packaging Ltd. (India)
- Neenah Paper and Packaging (U.S.)
- Plastic Ingenuity (U.S.)
- JJX-Packaging (U.S.)
Industrial Packaging Market Recent Developments
- In August 2022, the leading coatings manufacturers, BASF and Nippon Paint China launched eco-friendly industrial packaging. The new packaging material is commercialized for the construction of dry mortar products of Nippon Paint, with BASF's water-based acrylic dispersion Joncryl® High-Performance Barrier (HPB) as the barrier material.
- In September 2024, a manufacturer of compostable packaging solutions, Pakka launched a new range of flexible compostable packaging solutions. The innovative product line has been established with the vision to serve the rising demand for flexible packaging in the food and beverages industry with compostable solutions and contribute towards a cleaner planet.
- In November 2024, the largest privately owned industrial packaging company in North America, Atlantic Packaging announced its newly designed CanopyTM Wrap system.
