Why is Popularity of Industrial Packaging Skyrocketing in Asia-Pacific (APAC)?

Due to the growth of various industries such as the food and beverages industry, rapid industrialization and urbanization, and technological advancements, the requirement for industrial packaging is rising at an explosive pace across the world. In addition to this, the implementation of strict safety regulations by various regulatory bodies and governments has pushed up the demand for industrial packaging solutions and services in several countries around the world. Proper packaging is required for safe material storage, handling, and transportation in various applications such as those pertaining to industrial machinery and daily use products.

The other major factor responsible for the boom of the industrial packaging industry is the soaring requirement for industrial packaging solutions in the oi and gas, construction and infrastructure, chemicals, automotive, petrochemicals, industrial machinery, metal fabrication, and agriculture industries. The rising concerns being raised in these industries regarding the safety of products during their storage, handling, and transportation are boosting the adoption of industrial packaging solutions in various applications in these industries. Furthermore, the Asia-Pacific (APAC) region is generating a huge demand for effective packaging solutions, which is, in turn, bolstering the requirement for industrial packaging.

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Besides the aforementioned factors, the emergence of innovative and advanced packaging solutions and the easy availability of customized packaging are also boosting the popularity of industrial packaging solutions throughout the world. Due to these factors, the global industrial packaging market is predicted to demonstrate stable growth in the coming years. Flexible and rigid are the two main types of industrial packaging used all over the world. These packaging materials are usually made up of plastic, wood, paper, or metal.

Asia-Pacific is expected to be the fastest growing region in the global industrial packaging market, during the forecast period. The emerging economies of China, India, Thailand, Malaysia, South Korea and Vietnam are driving the regional industrial packaging market. These countries have significant demand for packaging materials for safe handling, storage and transportation from various industries such as electronics, oil and gas, petrochemicals, automotive, agriculture, chemicals, construction, metal fabrication and food and beverages.

Some of the key players in the global industrial packaging market include Avery Dennison Corporation, 3M Company, CCL Industries, Inc., Smurfit Kappa Group Plc., Grief Inc, Nefab AB, International Paper Company, SCHÜTZ GmbH & Co. KGaA, Bosch Packaging Technology, H.B. Fuller Co., DUNMORE Corporation and E. I. DuPont de Nemours and Company.

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Created on Aug 21st 2020 04:15. Viewed 225 times.

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