Industrial Chemical Packaging Market - Global Industry Analysis

Industrial Chemical Packaging Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6721 Status : Upcoming

Description

Global Industrial Chemical Packaging Market: Overview

Industrial chemical packaging is a key component in the chemical industry for chemical handling and safety. These packaging is custom-made considering the classification of the products being stored, transported, or distributed. Industrial chemicals vary based on their purposes, such examples of industrial chemicals include fuels used in engines, several types of paints & dyes, cosmetics, insulators, soaps, and detergents. However, these chemicals require different packaging solutions for effective transportation and storage. Industrial chemical packaging is also important to identify a product as well as for product protection, this can be effectively done based on the description provided on packaging material.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Industrial Chemical Packaging Market: Growth Factors

The global industrial chemical packaging market is expected to flourish at a healthy rate over the forecast period. This is mainly due to an increase in expenditure by manufacturers and exporters on superior industrial packaging for their high-value goods. Manufacturers and exporters around the world are investing more in the riskless transport of chemicals. Besides, logistics and shipping partners in the North America and European regions also prefer leak-proof packaging to evade wastage of goods and to protect the surface of the transport vehicle or ship. Along with this, stringent government regulations set by several countries on the packaging of toxic and harmful chemicals are also significantly driving the demand for industrial chemical packaging solutions. Further, the rapid expansion of pharmaceutical, food & beverages, cosmetics, and chemical processing industries is also set to boost the demand for the global industrial chemical packaging market. On the other side, increasing prices of raw materials due to the concentric nature of raw material suppliers may impact the growth of the market during the estimated period. However, the increase in international transit of chemicals and rise in modern retailing around the world will provide ample opportunities for the expansion of the global industrial chemical packaging market over the forecast period.

The global industrial chemical packaging market witnessed a moderate decline in its year-on-year growth in 2020-2021 as the demand for bulk chemicals decreased in the construction, cosmeceuticals, and agriculture sectors. However, the demand for chemical packaging remained constant in the food & beverage and pharmaceutical sectors. Strict restrictions during the pandemic period affected manufacturing activities which have directly impacted the demand for chemicals. Also shut down of many mid and small-scale chemical companies contributed to reduced demand for chemical packaging. However, with the occurrence of pre-pandemic conditions, the demand for chemicals is expected to resume throughout the world which in turn will boost the chemical packaging demand

Global Industrial Chemical Packaging Market: Segmentation

The global market for industrial chemical packaging is bifurcated into packaging format, material, chemical type, and region. Based on packaging format, the global industrial chemical packaging market is categorized into intermediate bulk containers, flexitanks, drums, jerry cans, bags & sacks, and others. The global market for industrial chemical packaging by a material is segregated into metal, plastic, paper & paperboard. Based on chemical type, the global market is bifurcated as paints & coatings, adhesives & sealants, petrochemicals, specialty polymers, food & feed additives, polymer additives, active pharmaceutical ingredients, agrochemicals, dyes & pigments, and others

Global Industrial Chemical Packaging Market: Regional Analysis

Asia Pacific is anticipated to remain the largest regional market for industrial chemical packaging over the forecast period. Key factors contributing to the large share of the region include the presence of the world's largest chemical-producing countries such as China and India. According to the European Chemical Industry Council (CEFIC), China holds more than 40% of the share in the global industrial chemical packaging market. This is attributed to the high demand for chemicals produced in the country from the local and international markets. The country also has a presence of a large number of chemical packaging manufacturers. India on other hand is following the footsteps of China by producing a global hub for chemical manufacturing. All these factors have significantly increased the demand for industrial chemical packaging solutions. The industrial chemical packaging market in North America and Europe is also set to contribute healthy revenue during the forecast period. Strict regulations on toxic and hazardous chemical transport in European and US markets are propelling the demand for advanced industrial chemical packaging materials.

Global Industrial Chemical Packaging Market: Competitive Players

Major players operating in the global industrial chemical packaging market are focusing on new product launches to offer high-quality solutions at attractive prices. Also, mergers & acquisitions and strategic partnerships are on the rise to expand the business. Some of the key market players operating in the global industrial chemical packaging market include ProAmpac, Tote Systems International, LP, US Display Group, Myers Industries, Inc., Assmann Corp. of America, DENIOS Ltd., Hoover CS, Segezha Group GmbH, CLA Containers, Greif, Inc., and RIKUTEC Group among others.

Global Industrial Chemical Packaging Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The global industrial chemical packaging market is expected to flourish at a healthy rate over the forecast period. This is mainly due to an increase in expenditure by manufacturers and exporters on superior industrial packaging for their high-value goods. Along with this, stringent government regulations set by several countries on the packaging of toxic and harmful chemicals are also significantly driving the demand for industrial chemical packaging solutions.

Some of the key market players operating in the global industrial chemical packaging market include ProAmpac, Tote Systems International, LP, US Display Group, Myers Industries, Inc., Assmann Corp. of America, DENIOS Ltd., Hoover CS, Segezha Group GmbH, CLA Containers, Greif, Inc., and RIKUTEC Group among others.

Asia Pacific is anticipated to remain the largest regional market for industrial chemical packaging over the forecast period. Key factors contributing to the large share of the region include the presence of the world's largest chemical-producing countries such as China and India.

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