IMARC Group, a leading market research company, has recently releases report titled “Industrial Motors Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global chemical packaging industry growth, share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Chemical Packaging Market
Chemical packaging comprises jerry cans, drums, bags and sacks, intermediate bulk containers (IBCs), and tank and flexitank containers that are designed for packaging hazardous chemicals. It is convenient, easy to carry, lightweight, durable, and offers enhanced safety of the products. Besides this, it aids in protecting chemicals against oxygen, moisture, and water vapor to avoid any dangerous chemical reaction. As it assists in securing chemicals during transportation and storage while protecting against leakage, spoilage, and contamination, the demand for chemical packaging is increasing around the world.
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:
At present, the rising awareness about chemical packaging to reduce the risks of asset damage represents one of the key factors driving the market positively. In addition, the increasing utilization of chemical packaging due to the wide availability of chemicals through online and offline stores worldwide is contributing to the growth of the market. Moreover, the growing demand for lightweight, flexible, and eco-friendly chemical packaging solutions across the globe is offering a positive market outlook. Besides this, the increasing adoption of drums and intermediate bulk containers (IBCs) chemical packaging, as they are reusable, is impelling the growth of the market. Furthermore, the rising demand for safe packaging solutions for transporting chemicals around the world is bolstering the growth of the market.
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.
