The Europe Industrial Packaging Market would witness market growth of 3.6% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Industrial Packaging Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,595.5 million by 2031. The UK market is exhibiting a CAGR of 2.7% during (2024 - 2031). Additionally, The France market would experience a CAGR of 4.7% during (2024 - 2031).
Companies adopt industrial packaging solutions to streamline and optimize their supply chains. Innovations like modular packaging and bulk handling systems reduce handling costs, improve inventory management, and enhance logistics efficiency.
Moreover, growing environmental concerns and sustainability initiatives drive adopting eco-friendly packaging solutions. Companies increasingly opt for recyclable and reusable materials to achieve sustainability objectives and reduce environmental impact.
Belgium is a significant player in the pharmaceutical industry, hosting numerous multinational pharmaceutical companies and research institutions. The growth of this sector drives higher demand for specialized pharmaceutical packaging solutions, including primary packaging (e.g., bottles, blister packs) and secondary packaging (e.g., cartons, labels) that ensure the safety, efficacy, and integrity of pharmaceutical products. As per the International Trade Administration, Belgium’s industry spends $1.64 billion (€1.5 billion) on R&D annually, equivalent to 40 percent of all private investment made in Belgium. As a result, Belgium is home to 29 of the world’s top 30 pharmaceutical companies.
Free Valuable Insights: The Global Industrial Packaging Market will Hit 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product Type
By Material
By Application
By Country
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