Industrial packaging Market Size, Share, Growth | Report, 2028
The Industrial Packaging Market was estimated around USD 61.9 billion in 2020, and is expected reach USD 84.1 Billion by the end of 2028, growing at a CAGR of 3.9% over the forecast period (2021-2028). The factors driving the growth of Industrial Packaging Market includes increasing application of industrial packaging solutions across end-use industries such as healthcare, food & beverage and cosmetic, rise in the number of Free Trade Agreements between Governments of different countries and growing use of shipping containers to protect industrial equipment. Moreover, technological advancements in packaging solutions, rise in the launch of new products, strategic mergers, and acquisitions between industry players, growing demand for ready-to-eat & convenience food products and rapid industrialization, are some of the additional factors supplementing the market growth. In addition, increasing investments by major corporations on research and development, growing adoption ...