Industry Overview of Chemical Packaging Market
Chemical packaging involves the use of various packing solutions to ensure the safe transportation and storage of chemicals, protecting them from spoilage and mechanical damage. These solutions include jerry cans, drums, intermediate bulk containers (IBCs), as well as tank and flexitank containers, which are manufactured using different materials. The primary purpose of chemical packaging is to safeguard chemicals from oxygen, moisture, and water vapor, thus preventing any potential hazardous chemical reactions. Currently, containers with higher valve capacity are extensively used in the chemical industry for the transfer of liquid chemicals.
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:
The chemical packaging market is being driven by an increasing awareness among the general population about the benefits of this solution in reducing asset damages and fatalities caused by chemical spills. Additionally, the growing demand for chemicals through both offline and online stores in various countries is stimulating the global market. Moreover, there is a rising focus on extending the shelf life of chemicals, which is another significant factor contributing to market growth. Market players are also investing heavily in research and development (R&D) activities to lower production costs while maintaining high-quality packaging, further driving market growth. Furthermore, the market is positively influenced by the growing popularity of flexible packaging solutions that offer convenience, cost-effectiveness, lightweight properties, and eco-friendliness. The widespread adoption of drums and intermediate bulk containers (IBCs) in chemical packaging, which can be reconditioned or reused, is also fueling market growth. Additionally, factors such as increasing urbanization, globalization, and modernization, as well as the rising demand for medical products in various countries, are expected to drive the chemical packaging market in the forecasted period.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Product Type:
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- Bags and Sacks
- Intermediate Bulk Containers
- Pails and Drums
- Others
Breakup by Application:
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- Commodity Chemicals
- Specialty Chemicals
- Petrochemicals
- Others
Breakup by Region:
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- 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
- North America
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.
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