Industry Overview of Chemical Packaging Market
Chemical packaging involves containers such as jerry cans, drums, bags, sacks, intermediate bulk containers (IBCs), and tank and flexitank containers specifically designed for safely packaging hazardous chemicals. These packaging solutions are characterized by their convenience, portability, lightweight nature, and durability, ensuring the secure containment of chemical products. Additionally, they provide advanced safety features. Furthermore, chemical packaging plays a crucial role in shielding chemicals from exposure to oxygen, moisture, and water vapor, thereby preventing potentially hazardous chemical reactions. This protective aspect extends to transportation and storage, effectively guarding against leakage, spoilage, and contamination risks. As a result of its contributions to maintaining chemical integrity throughout various stages, the demand for chemical packaging is consistently growing on a global scale.
How Big Is the Chemical Packaging Market?
The global chemical packaging market size reached US$ xx Million in 2022. Looking forward, IMARC Group expects the market to reach US$ xx Million by 2028, exhibiting a growth rate (CAGR) of 1.7% during 2023-2028.
Global Industry Trends and Drivers:
Currently, the market is being propelled by the heightened recognition of chemical packaging's role in mitigating the risks associated with asset damage. Furthermore, the widespread availability of chemicals through both online and offline channels is fostering increased adoption of chemical packaging solutions, thereby contributing to market expansion. Additionally, the global demand for chemical packaging solutions that offer attributes such as lightness, flexibility, and environmental sustainability is generating a favorable market landscape. Moreover, the utilization of drums and intermediate bulk containers (IBCs) for chemical packaging, due to their reusability, is a significant driver of market growth. This trend is further supported by the escalating requirement for secure packaging options for the transportation of chemicals on a global scale. In essence, the market is benefiting from the combination of factors that prioritize safety, efficiency, and environmental consciousness within the realm of chemical packaging.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
- Bags and Sacks
- Intermediate Bulk Containers
- Pails and Drums
- Others
Breakup by Application:
- Commodity Chemicals
- Specialty Chemicals
- Petrochemicals
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Amcor plc, Brainerd Chemical Company Inc., Bulk-Pack Inc., Champion Plastics Inc., Dow Inc., Greif Inc., Hoover CS, LC Packaging International B.V., Mauser Packaging Solutions, Mondi plc and SolvChem Inc.
