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The global chemical packaging market is expected to exhibit a CAGR of 1.86% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Chemical packaging comprises jerry cans, drums, intermediate bulk containers (IBCs), and tank and flexitank containers, which are used in the packaging of hazardous chemicals. It assists in securing chemicals during their transportation and storage while protecting them from spoilage and mechanical damage. It also safeguards chemicals against oxygen, moisture and water vapor to avoid any dangerous chemical reaction. At present, there is a rise in the utilization of higher valve containers in the chemical industry to transport liquid chemicals.
The expanding chemical industry around the world represents one of the key factors driving the market. Moreover, the increasing awareness about the benefits of chemical packaging that reduces asset damages and fatalities caused by chemical leakage is propelling the growth of the market. Besides this, the growing adoption of flexible packaging solutions as they are convenient, cost-effective, lightweight, and eco-friendly is offering lucrative growth opportunities to industry investors. Apart from this, key market players are extensively investing in research and development (R&D) activities to minimize the production cost without compromising the packaging quality. In line with this, they are also focusing on increasing the shelf life of chemicals, which is positively influencing the market. Additionally, the rising sales of chemicals through offline and online stores worldwide is catalyzing the demand for chemical packaging. Furthermore, there is an increase in the demand for pharmaceutical products across the globe. This, coupled with the escalating demand for drums and intermediate bulk containers (IBCs) in the chemical packaging as they can be reconditioned or reused, is bolstering the growth of the market. Other growth-inducing factors are rapid urbanization, globalization, and modernization.
IMARC Group provides an analysis of the key trends in each sub-segment of the global chemical packaging market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Application, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||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.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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