Industrial, Bulk and Transport Packaging Market Forecast 2015-2025
The global industrial, bulk and transport packaging market is estimated to be worth $241.1 billion in 2015 and is projected to grow strongly to 2025. Although economies are still weak in some parts of the world, especially in the Euro area and in some emerging economies, the global economy is set to recover.
Rising consumption will require more production and thus stimulate industrial activities. Furthermore, rising demand in the chemicals market, increased infrastructure and development work and rising consumption of industrial packaging products in the pharmaceutical industry will continue to be factors driving demand for industrial, bulk and transport packaging products.
Packaging is an essential in the supply-demand chain as it protects goods from contamination during transportation and storage. The industrial, bulk and transport packaging market is likely to benefit from the further innovations and developments within the industry. With many economies recovering, developing countries emerging, industrial sectors developing across the globe, and the e-commerce market obtaining momentum the industrial, bulk and transport packaging market is expected to witness strong growth.
Industrial Packaging: Market Limitations
However, the industrial, bulk and transport packaging market does face limitations. Maturity in many key end-markets such as in some chemical product segments and environmental concerns over industrial packaging as well as transport challenges are some of the restraints to further market expansion.
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Source: Press Release