Global Hazmat Packaging Market Size study & Forecast, by Product Type (Drums, Intermediate bulk containers (IBCs), Pails, Bottles, Others), by Material Type (Plastics, Metal, Corrugated), by End-User Industry (Chemicals, Pharmaceuticals, Oil and Gas, Othe

Global Hazmat Packaging Market Size study & Forecast, by Product Type (Drums, Intermediate bulk containers (IBCs), Pails, Bottles, Others), by Material Type (Plastics, Metal, Corrugated), by End-User Industry (Chemicals, Pharmaceuticals, Oil and Gas, Others) and Regional Analysis, 2022-2029

Global Hazmat Packaging Market is valued at approximately USD 10.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2022-2029. Hazmat or Hazardous Materials packaging is used for packaging chemical products that are hazardous to health and their transportation is very complex and requires extensive care. Products that are harmful to human health and need difficult transportation are packaged in hazmat. These materials can be packaged well to prevent harm to people or the environment by using hazmat packaging. Hazardous goods, such as chemicals and waste, can be transported in this fashion in a safe and effective manner. Drums, IBCs, pails, and bottles are a few examples of typical packaging for hazardous compounds. The growing chemical industry and rising demand for returnable packaging solutions are key factors driving the market growth.

The growing chemical industry is contributing towards the growth of the Global HazMat Packaging Market. For instance – as per the European Chemical Industry Council - Global chemical sales increased by 15.2% from USD 3761.94 billion in 2020 to USD 4334.73 billion in 2021. In addition, China dominated chemical sales worldwide with sales of USD 1861.59 billion in 2021. Also, growing cross-border trade in post covid era as well as rising advancement in packaging technology would create a lucrative growth prospectus for the market over the projected period. However, the volatile cost of raw materials hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hazmat Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing expansion of large-scale manufacturing of industrial chemicals in the countries such as China, India, and Vietnam as well as the presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising population and growing household income in the region are expected to further drive the demand from various end-user sectors such as chemical, pharmaceutical and oil and gas; thereby providing lucrative growth opportunities for the market over the projected period.

Major market player included in this report are:
Greif Inc.
Schtz GmbH & Co. KGaA
Mauser Group
Peninsula Drums
Balmer Lawrie & Co. Ltd.
Great Western Containers Inc.
Fibrestar Drums Limited
THIELMANN US LLC
Sicagen India Limited
Myers Container

Recent Developments in the Market:
In February 2019, RPC Promens Industrial, a manufacturer of plastic packaging, has introduced new 20 and 25 litre PET containers for a variety of industrial applications. Furthermore, RPC Promens made a significant investment at its factory in Deeside, UK, leading to the introduction of these containers onto the UK market.

In September 2022, C.L. Smith, one of the leading players in rigid packaging distribution, manufacturing, and hazardous material packaging, rolled out their new e-commerce store. The store would initially offer the 4GV/Variation 2 Packaging as well as Special Permit Packaging product lines available from HAZPlus, a division of C.L. Smith.

Global Hazmat Packaging Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, Material Type, End User Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type
Drums
Intermediate bulk containers (IBCs)
Pails
Bottles
Others
By Material Type
Plastics
Metal
Corrugated
By End-User Industry
Chemicals
Pharmaceuticals
Oil and Gas
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Companies Mentioned

Greif Inc.
Schtz GmbH & Co. KGaA
Mauser Group
Peninsula Drums
Balmer Lawrie & Co. Ltd.
Great Western Containers Inc.
Fibrestar Drums Limited
THIELMANN US LLC
Sicagen India Limited
Myers Container

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