The global industrial packaging market will grow from USD 58.1 billion in 2020 to USD 72.7 billion in 2025. This is a 4.3% annual growth rate from 2020-2025. The future growth of the industrial packaging market is likely to be driven by increased demand in the end-use industry, such as food & beverages and pharmaceutical. The growth of industrial packaging will be supported by the rising popularity of modern retailing, increased consumer income, and an acceleration in industrial activities, particularly in emerging economies.

Industrial packaging market growth is highly dependent upon end-use industries. Looking at the current trends, we can see that the demand for food, beverages, and pharmaceuticals is proliferating, which in turn means that packaging is also rising.

Market growth will be driven by the growth of import and export activities around the globe. Shipping containers transport industrial equipment safely and can be moved easily from one location to the next. The growth in international trade and construction are other factors that drive market growth. Global market leaders are expected to make the largest food and beverage sector profits. The market will grow due to the increasing demand for practical packaging solutions. Corrugated boxes are increasing in demand due to lightweight and simple-to-use packaging options.

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There will be a limit to the growth of the industrial packaging market due to global environmental concerns. Market vendors try to lower their profit margins and increase the price of raw materials. This negatively affects market growth. Strict regulations on unstable compounds will impede the market growth. Another factor hindering the market growth is the increasing demand for recyclable packaging solutions.

Steel drums will be more in demand due to the rising craft beer production. According to the Brewers Association in the United States, craft beer was 13.3% of the total beer production in 2021, compared to 12.4% in 2020. This will drive demand for steel drums.

Corrugated packaging is used primarily for packaging fresh and processed food, produce, and beverages. Corrugated packaging has many advantages over plastic packaging. For example, paper packaging can be made from recycled materials that can be recycled or composted.

This popularity surge has driven the rise in eco-friendly packaging options. Food Dive reports that 68% of global customers believe purchasing items in recyclable packaging is essential. 55% also indicated that it was a factor they considered when buying. These sentiments don’t seem to be going away. 80% of young buyers are willing to pay more for products made in sustainable packaging.

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