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The Industrial, Bulk, and Transport Packaging Market is projected to register high demand during the forecast period with increasing demand from major end-use industries such as Agriculture, Automotive, Building & Construction, Chemicals & Pharmaceuticals, Food & Beverages, Metallurgical, Oil & Lubricants, Electrical & Electronics, and Others during the forecast period.
Industrial bulk packaging helps in protecting large quantities and delivery of goods from the point of manufacture to the point of distribution channel, and then to the final end user. It is used in the supply-demand chain during transportation and warehousing. Transport packaging protects goods from accidents, excessive temperature or heavy rain, humidity, etc. Transport packaging has many stages of transit, such as off-loading, repackaging and reloading of the cargo, etc., before reaching its final end user.
Segment Analysis:
It is a task for packaging manufacturers to manufacture packages as per local conditions. The growth of the industrial, bulk and transport packaging market depends on many factors, such as consumption of industrial packaging products in the pharmaceutical industry, demand for chemicals and infrastructural & development facilities, etc.
The global industrial, bulk and transport packaging market is expected to grow due to the increase in shipping and logistics business in many developing countries. Industrial, bulk and transport packaging is used in many industries, such as agriculture, automotive, building & construction, chemicals & pharmaceuticals, food & beverages, metallurgical, oil & lubricants, electrical & electronics, and others. It helps in optimizing the package shape of the product so that it can reduce the distribution cost without compromising the protection of the goods. This market is expected to grow in the Asia Pacific region due to rapid industrialization.
Key Factors Impacting Market Growth:
Regional Analysis:
The industrial, bulk and transport packaging market by region has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, and Rest of the World. North America, Western Europe, and Asia Pacific are estimated to be major regions for industrial, bulk and transport packaging market during the forecast period. The high growth of supply chain activities to cater various industries and development of packaging solutions is key to the growth of industrial, bulk and transport packaging market in this region. In addition to this development of cold chain systems to cater perishable goods and government regulations on packaging waste disposal is also governing the demand for industrial, bulk and transport packaging market in this region. Major industries in these regions are estimated to be agriculture, automotive, building & construction, chemicals & pharmaceuticals, food & beverages, metallurgical, oil & lubricants, electrical & electronics, and others. The Asia Pacific amongst this with increasing trade activities and industrial growth is estimated to be one of the fastest-growing markets during the forecast period. Middle East region promises a strong market potential during the forecast period. The diversification of economic activities leading to industrial growth is key to the demand for industrial, bulk and transport packaging market in this region. South America and Africa are emerging regions in terms of market demand during the forecast period.
Companies Covered: Amcor Limited, Grief, Inc., Westrock Company, Mauser Group, International Paper Company, Wuxi Sifang Drums Limited Company, Bemis Company, Inc., Orora Limited, Sigma Plastics Group and Tekni-Films, Inc…
Market Segmentation:
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