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Industrial Packaging Market to Rise with Notable Growth

The evolution of manufacturing industries in the emerging economies is expected to drive the growth of industrial packaging market.

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Industrial Packaging Market to Rise with Notable Growth

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  1. Opportunity Analysis and Industry Forecast, 2016-2023 Industrial Packaging Market Global Opportunity Analysis and Industry Forecast, 2017-2023

  2. Introduction • Global Industrial Packaging Market is expected to garner $69,787 million by 2023, registering a CAGR of 3.9% from 2017 to 2023 • Industrial packaging encompasses drums, intermediate bulk containers (IBCs), sacks, pails, crates, and totes, which are made of materials such as paperboard, plastic, metal, wood, and fiber • Rise in building & construction activities in majority of the emerging economies especially in India and China, rise in food & beverages industry to meet the demand of growing population, and the rapid growth of exports, which requires superior packaging standards for the international market, are the major factors that are expected to the market growth during the forecast period • In 2016, the chemical & pharmaceutical segment accounted for approximately one-third share of the global market, in terms of revenue

  3. Key Factors of the Market Industrial packaging is different from other types of packaging in thickness, strength, and the level of protection it provides for extended storage Increased globalization is a key factor that boosts the industrial packaging market Due to the rise in international trade, resulting in rise in the exports and imports, which involve long-distance travel and requirement of superior packaging standards in the international market lead to higher demand for industrial packaging The evolution of manufacturing industries in the emerging economies is expected to drive the growth of industrial packaging market The growth in emphasis on rural health programs, lifesaving drugs, and preventive vaccines drives the pharmaceutical industry, thereby leading to the increased use of industrial packaging.

  4. Get PDF Brochure of this Insight @ https://www.alliedmarketresearch.com/request-sample/2234

  5. Key Benefits of the Market • Asia-Pacific is anticipated to grow at the highest CAGR, and is expected to maintain its dominant position in the market, in terms of value, during the forecast period, followed by Europe • The food & beverage segment is projected to grow at the highest CAGR of 4.4% during the forecast period • The IBCs segment is expected to grow at the highest CAGR of 5.6% • LAMEA accounted for approximately one-tenth share of the global market in 2016 • North America accounted for approximately two-sevenths share in the global market, and is expected to grow at a CAGR of 3.4% during the forecast period

  6. Market Segmentation

  7. Key Players of the Market • Grief, Inc. • Mondi PLC. • Amcor Limited • Westrock Company • International Paper Company • Bemis Company, Inc. • Orora Limited • Mauser Group • Sigma Plastics Group and • Wuxi Sifang Drums Limited Company • For purchase enquiry, visit @ https://www.alliedmarketresearch.com/request-sample/2234

  8. Contact Allied Market Research About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. Contact Us: 5933 NE Win Sivers Drive, #205, Portland, OR 97220, United States. Int'l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285

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