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Global Industrial Packaging Market Information: By Packaging Type (Flexible & Rigid), Materials (Metal, Plastic, Paper, And Wooden), Products (Bags, Boxes, Sacks, Barrels, Tanks, And Others), End-User, And Region - Global Forecast To 2023Market Scenario:Industrial packaging is utilized to transport goods from the producer to the consumer.
The increase in the demand for the industrial packaging is predicted to be propelled mainly by the development of the end-user industries such as good & beverages, construction, chemicals & pharmaceuticals, electronics, and others.
However, stringent regulations & policies for the utilization of non-degradable packaging may hinder the growth of the global industrial packaging market over the forecast period.Industrial goods are bulky, heavy, sensitive to external atmosphere and costlier to transport.
Industrial packaging is majorly differentiated from other types of the packaging in strength, thickness, and the level of the protection provided by it for extended storage.
Rise in the construction industry in prominent emerging economies in Asia Pacific, such as, China, India, Japan, and others, coupled with rise in population and evolution in the food & beverages industry is propelling the market.
Among these, the flexible packaging is anticipated to drive the global industrial packaging market over the forecast period, 2017-2023.