Industrial Packaging Market Regional Analysis:
APAC Market Insights
Industrial packaging market share in Asia Pacific, amongst the market in all the other regions, is projected to be the largest with a share of about 32% by the end of 2035. The growth of the market can be attributed majorly to the rapid growth of e-commerce in the country such as China, India, followed by the rising population. In addition, the increasing demand for industrial packaging from various industries, such as electronics, automotive, and others, is further anticipated to boost the growth of the market in the region. Furthermore, the surge in the number of working people, which increases the demand for ready to eat food products, is also expected to expand the market’s growth in the Asia Pacific region. In addition, there have been rising manufacturing activities in the emerging nations, for meet the demands of customers. All these, factors are expected to surge the growth of the Industrial packaging market by the end of 2035. According to the recent reports, the e-commerce penetration has reached to nearly 29 percent of the retail sales in China, as of 2022.
North American Market Insights
The North America industrial packaging market is estimated to be the second largest, registering a share of about 29% by the end of 2035. The growth of the market can be attributed majorly to the growing demand for convenient packaging options, that have become popular in the region. Furthermore, the surging investment by the market players for the development of the packaging sector is further projected to drive the growth of the market over the forecast period. Moreover, the increasing demand for packed and processed food and beverages in the region is another factor that is anticipated to expand the Industrial packaging market’s growth in the region in the upcoming years.
Europe Market Insights
Europe region is set to witness significant growth till 2035. The growth of the market can be attributed majorly to the increasing consumer awareness related to the importance of sustainability, along with the growing strictness of the stringent regulations for banning the use of plastic products. In addition, the rapid industrialization, and improving standard of living among the population in the European region is further anticipated to surge the market’s growth in the region.
