Industrial Packaging Market to Reach $114.8 billion, Globally, by 2034 at 5.5% CAGR: Allied Market Research
The industrial packaging market is driven by rapid industrialization, increasing demand for durable and efficient packaging solutions, and the growing emphasis on supply chain optimization. Regulatory support and government initiatives promoting sustainable packaging practices are accelerating investments in recyclable materials, automation technologies, and smart packaging systems. In addition, the rise in global trade and e-commerce has prompted development of advanced protective and bulk packaging solutions, boosting market growth. Technological innovation and sustainability initiatives continue to shape the future of industrial packaging systems worldwide.
WILMINGTON, Del., Oct. 30, 2025 — Allied Market Research published a report titled “Industrial Packaging Market by Product Type (Drums, IBCs, Sacks, Pails, and Crates/Totes), Material (Paperboard, Plastic, Metal, Wood, and Fiber), and Application (Chemical and Pharmaceuticals, Building and Construction, Food and Beverages, Oil and Lubricants, Agriculture and Horticulture, and Others): Global Opportunity Analysis and Industry Forecast, 2025-2034”. According to the report, the industrial packaging market was valued at $56.3 billion in 2019 and is estimated to reach $114.8 billion by 2034, growing at a CAGR of 5.5% from 2025 to 2034.
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The market is propelled by the expanding manufacturing sector and rising demand for durable, efficient, and sustainable packaging solutions across industries. Companies are adopting advanced packaging technologies and materials to enhance product protection, optimize logistics, and reduce environmental impact. Fluctuating raw material prices, high initial investment in automation, and regulatory compliance challenges are key restraints, particularly in emerging economies. Nevertheless, opportunities exist in recyclable and biodegradable materials and smart packaging innovations that improve traceability and supply chain efficiency.
Report coverage & details
| Report Coverage | Details |
|---|---|
| Forecast Period | 2019–2034 |
| Base Year | 2019 |
| Market Size in 2019 | $56.3 billion |
| Market Size in 2034 | $114.8 billion |
| CAGR | 5.5% |
| No. of Pages | 398 |
| Segments Covered | Product Type, Material, Application, and Region |
| Drivers | Paperization of everything; proliferation of e-commerce and demand for sustainable packaging; consumer willingness to pay for premium sustainability |
| Opportunities | Scaling closed-loop reuse; digitally enhanced smart packaging for traceability and engagement |
| Restraints | Cost volatility and complex return logistics; downturns and cyclical demand pressures |
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Key findings
Crates/totes segment to maintain leadership
By product type, crates/totes accounted for nearly one-fourth of global industrial packaging revenue in 2019. The drums segment is projected to register the fastest CAGR of 6.8% from 2019 to 2034.
Plastic remains the dominant material
By material, plastic held the largest share in 2019, nearly half of market revenue. The fiber segment is projected to record the fastest CAGR of 6.8% from 2019 to 2034.
Chemical and pharmaceuticals lead by application
By application, chemical and pharmaceuticals represented the largest share in 2019 (nearly two-fifths of revenue). The food and beverages segment is forecast to grow fastest, with a 6.5% CAGR from 2019 to 2034.
Asia-Pacific to maintain dominance
Regionally, Asia-Pacific held the highest revenue share in 2019, accounting for nearly half of the industrial packaging market.
Leading market players
- Greif, Inc.
- Mondi PLC
- Amcor Limited
- WestRock Company
- International Paper Company
- Bemis Company, Inc.
- Orora Limited
- Mauser Group
- Sigma Plastics Group
- Wuxi Sifang Drums Limited Company
The report analyzes these players’ business performance, operating segments, product portfolios, and strategic moves such as expansions and product launches to maintain or grow market share across regions.
Market segments
By Application
- Chemical and Pharmaceuticals
- Building and Construction
- Food and Beverages
- Oil and Lubricants
- Agriculture and Horticulture
- Others
By Product Type
- Drums
- IBCs
- Sacks
- Pails
- Crates/Totes
By Material
- Paperboard
- Plastic
- Metal
- Wood
- Fiber
By Region
- North America (U.S., Canada, Mexico)
- Europe (France, Germany, Italy, UK, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Taiwan, Vietnam, Rest of APAC)
- LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Egypt, Bahrain, Rest of LAMEA)
Related reports
Trending reports in Construction & Machinery Industry are referenced in the full release; links to FMCG Packaging Market, Glass Packaging Market, Antimicrobial Packaging Market, Insulated Shipping Packaging Market, Anti-Corrosive Packaging Market, and Packaging Design Services Market are available in the original report pages.
About Allied Market Research
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. AMR provides global enterprises as well as medium and small businesses with market research reports and business intelligence solutions to help clients make strategic decisions and achieve sustainable growth.
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SOURCE Allied Market Research