Global Industrial Packaging Market 2017-2021 - Growing Demand for Biodegradable Packaging Alternative

Global Industrial Packaging Market 2017-2021 - Growing Demand for Biodegradable Packaging Alternative

PR Newswire

DUBLIN, Dec. 5, 2017

DUBLIN, Dec. 5, 2017 /PRNewswire/ --

The "Global Industrial Packaging Market 2017-2021" report has been added to Research and Markets' offering.

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The global industrial packaging market to grow at a CAGR of 6.00% during the period 2017-2021.

Global Industrial Packaging Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market. To calculate the market size, the report considers the revenue generated from the sales of industrial packaging.

According to the report, one of the major drivers for this market is Increase in use of plastic sacks. Plastic sacks are increasingly used for industrial packaging owing to its physical properties such as durability, light weight, flexibility, and low cost of ownership because of the lesser handling and carrying costs. The use is also increasing due to the suitability of plastic sacks for packaging products such as chemical, food, and fertilizers. Thus, this increased use of plastic sacks is a key driver for the global industrial packaging market. In 2015, the plastic-based sacks packaging market accounted for 69.54% of the global packaging sacks market. This scenario is expected to continue during the forecast period.

The latest trend gaining momentum in the market is Growing demand for biodegradable packaging alternative. Increased concern about the environment posed a challenge to the industrial packaging vendors during the base year. However, the growing trend of increased demand for sustainable packaging solutions will drive the growth of the global industrial packaging market during the forecast period. However, various government stringent regulations in the European countries and the US regarding the disposal of plastic materials using waste dumping and landfills is driving the demand for biodegradable industrial packaging solutions.

Further, the report states that one of the major factors hindering the growth of this market is Volatility in raw material prices. Industrial packaging products are manufactured using raw materials such as plastics, metals, wood, and corrugated cardboard. These raw material prices have witnessed volatility due to the gap between the demand and supply of various raw materials. Steel, which is an alloy of carbon and iron, is used as a raw material in the manufacturing of metal IBC and pallet containers, for providing the high tensile strength required by such metal containers. Expected fluctuation in the prices of steel during the forecast period is expected to restrict the demand for metal IBC and pallet containers.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Sizing

Part 07: Five Forces Analysis

Part 08: Market Segmentation By Product

Part 09: Customer Landscape

Part 10: Decision Framework

Part 11: Drivers And Challenges

Part 12: Market Trends

Part 13: Vendor Landscape

Part 14: Vendor Analysis

Part 15: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/z2p9rn/global_industrial

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