The Latin America, Middle East and Africa Industrial Packaging Market would witness market growth of 6.5% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Industrial Packaging Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,584.4 million by 2031. The Argentina market is registering a CAGR of 7.4% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 5.8% during (2024 - 2031).
As companies expand into new international markets, they adopt industrial packaging solutions that meet standards and facilitate cross-border logistics. This includes standardized packaging formats that comply with international regulations and ease customs processes.
Moreover, the Internet of Things (IoT) revolutionizes industrial packaging by embedding sensors and connectivity into packaging materials. This allows real-time temperature, humidity, and location monitoring, enhancing supply chain visibility and product safety. Innovations in self-healing packaging materials are emerging, which can repair minor damages automatically.
The UAE’s rising oil production increases the need for bulk packaging solutions, such as large drums, tanks, and Intermediate Bulk Containers (IBCs). These packaging types are essential for transporting and storing large quantities of crude oil and refined products, contributing to increased demand in the industrial packaging market. Oil production involves hazardous materials and requires packaging solutions that ensure safety and reliability.
Free Valuable Insights: The Worldwide Industrial Packaging Market is Projected 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product Type
By Material
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By Country
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