The Asia Pacific Industrial Packaging Market would witness market growth of 4.4% CAGR during the forecast period (2024-2031).
The China market dominated the Asia Pacific Industrial Packaging Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $9,608.6 million by 2031. The Japan market is showcasing a CAGR of 3.8% during (2024 - 2031). Additionally, The India market would register a CAGR of 5.2% during (2024 - 2031).
Beyond basic protection, pharmaceutical packaging often incorporates tamper-evident features and controlled environments to preserve drug efficacy and ensure patient safety. Advanced solutions include blister packs with integrated desiccants and temperature-controlled packaging for sensitive biologics.
Furthermore, industrial packaging in the aerospace and defense sectors involves custom-engineered solutions to protect high-value and sensitive equipment during transit and storage. This includes anti-static packaging, shock-resistant containers, and vibration-dampening materials to safeguard complex components.
China’s chemical industry is one of the largest and most diverse, encompassing many products, including petrochemicals, specialty chemicals, agrochemicals, and industrial chemicals. This diversity drives the demand for various industrial packaging solutions, including drums, containers, sacks, and intermediate bulk containers (IBCs), each tailored to specific chemical products and handling requirements. According to State Council of China data, investment in chemical raw materials and product manufacturing surged by 19% in 2022, marking a 7.4 percentage point increase over the average growth rate across all industries.
Free Valuable Insights: The Global Industrial Packaging Market is Predict to reach USD 83.3 Billion by 2031, at a CAGR of 4.0%
Based on Product Type, the market is segmented into Sacks, Crates/Totes, Drums, IBCs, and Pails. Based on Material, the market is segmented into Plastic, Metal, Paperboard, Wood, and Fiber. Based on Application, the market is segmented into Chemical & Pharmaceuticals, Food & Beverages, Building & Construction, Oil & Lubricants, Agriculture & Horticulture, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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