Vancouver, British Columbia, April 21, 2021 (GLOBE NEWSWIRE) — The global industrial packaging market is projected to be valued at USD 76.40 Billion by 2027, according to a current analysis by Emergen Research. Increase in consumers’ purchasing power, lifestyle changes, and urbanization are significant driving factors for the market.
Packaging for the industrial sector has different implications than consumer packaging. Packaging works as an excellent identifier for the products wrapped; even labeling becomes easy when a product is perfectly packaged. When products are stored and kept on shelves, wrapping and packaging protect products from dust, breakage, and grime. Industrial packaging is highly important in production, as it creates employment opportunities at different levels. There can be a specialized team in an organization whose only task is to scrutinize the packaging level. One of the most crucial advantages of packaging is that consumers can easily differentiate between products of competing companies.
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The global industrial packaging market is estimated to remain in a competitive and highly fragmented landscape in the near future, consisting of small start-ups, medium enterprises, and large conglomerates.
Further Key Findings from Report Suggest:
- Important players in the market are Amcor Limited, WestRock Company, Mauser Group, Mondi Plc, Sigma Plastics…