© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Industrial Packaging Industry Business Development Analysis and Future Challenges by 2024: Global Market Insights, Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  North America is expected to show steady growth rate during the forecast period owing to developed economy, transport, and delivery infrastructures. Growing occurrence of chronic disease and increasing aging population will increase the demand in pharmaceutical and chemical segment in North America. The use of robotic systems for packages is expected to increase in demand in U.S. with the introduction of Food Safety Modernization Act.  Germany and Italy are the major countries in Europe in terms of production of packaging machinery. Their major export countries include Saudi Arabia, Indonesia, Nigeria, Turkey, Malaysia and Iran. Thus, increased export of machinery in these countries will increase the demand for industrial packaging market.  Asia-Pacific region is estimated to record fastest growth in terms of rising industrialization. Increased demand is characterized by quick adoption of technological advancements, rising volume of OEMs which drives the competitors to reduce the cost per package and provide sustainable products. Moreover, low labor cost, huge scope for FDI and stable growth in industries such as automotive, construction and healthcare will impact positively foe industry growth this region. Regional Analysis of Industrial Packaging Market :

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Industrial Packaging Market:  By end use or application, industrial packaging market cater to various industries such as agriculture & horticulture, building & construction, automotive, chemicals & pharmaceuticals, food & beverage, engineering, metal products, plastic & rubber, electronics, and furniture. Food & beverage segment dominated overall demand and used more than 65% of flexible packing in This segment is expected show similar trend during the forecast period 2017 to  By type, the industry can be classified as rigid and flexible packing. Flexible segment includes paper & plastic whereas rigid segment includes wooden, metal and plastic. Increased use of polyethylene terephthalate (PET) in place of heavy metal cans will impact positively on the market. The flexible type especially flexible plastic is expected to show higher growth rate owing to technological leaps in this segment.  The industry is classified by material into metal, plastic, paper and wood and fiber. The plastic material segment is the most preferred type by the manufacturers owing to its various properties such as cost effective than other materials, can be molded in to specific shape & size and durability.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Some of the major companies in industrial packaging market are Sealed Air corporation, Amcor Limited, International paper, WestRock, Tekni-Films, Mondi Group, Sonoco, Bemish company, Schutz, AmeriGlobe, Mauser Group, Orora Group, B.A.G. Corporation, Greif Inc, Bulk handling, East India Drums & Barrels manufacturing, Chem-Tainer industries, Corr-Pak Corporation, Halsted, Sigma Plastics Group, Wuxi Sifang Drums Limited company, Nefab, Hoovers Container Solutions, Intertape Polymer Group, Jumbo Bag, and LC packaging.  The manufacturers are focusing on providing low cost, environmental friendly packaging solutions for the end users. Competitive Market Share of Industrial Packaging Market:

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