Chemicals Packaging Market Size, Share, and Analysis, By Product Type (Bags and Sacks, Intermediate Bulk Containers, Pails and Drums, Flexible IBCs and Related Flexible Packaging Products, Other Product Types), By Material Type (Glass, Plastics, Composite materials, Metals), By Application (Pharmaceutical, Commodity Chemicals, Specialty Chemicals, Petrochemicals, Other Applications) and Regional Forecasts, 2022-2032
Chemicals Packaging Market Size, Share, and Analysis, By Product Type (Bags and Sacks, Intermediate Bulk Containers, Pails and Drums, Flexible IBCs and Related Flexible Packaging Products, Other Product Types), By Material Type (Glass, Plastics, Composite materials, Metals), By Application (Pharmaceutical, Commodity Chemicals, Specialty Chemicals, Petrochemicals, Other Applications) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW
Chemicals Packaging Market size was USD 22.65 billion in 2021 and projected to grow from USD 24.2 billion in 2023 to USD 32.4 billion by 2032, exhibiting a CAGR of 3.3% during the forecast period.
Chemicals packaging denotes to the process and items utilized to maintain safety and protection, while transportation of different chemicals. Chemicals are present in various forms like solids, liquids, gases, and powders possessing different properties like toxicity, corrosiveness, flammability etc. Proper packaging is important to prevent the potential risk connected with these chemicals. Chemicals packaging plays vital role in confirming the safe storage, handling, and transportation of chemicals. Commonly used chemicals packaging materials are metals, plastics, glass, and composite materials.
MARKET HIGHLIGHTS
Chemicals Packaging Market is expected to reach USD 32.4 billion, growing at a CAGR of 3.3% during forecast period owing to the increasing demand for safe and effective packaging solutions for different chemicals. The growing industrialization, rising trade, and increasing necessity for chemicals from various sectors like agriculture, pharmaceuticals, automotive, etc. is creating demand for the growth of the market. The evolution of creative packaging solutions that comply with safety regulatory guidelines may boost market growth. Growing focus on sustainability, safety, and customization is boosting the growth of the chemicals packaging market.
Chemicals Packaging Market Segments:
- Product Type
- Bags and Sacks
- Intermediate Bulk Containers
- Pails and Drums
- Flexible IBCs and Related Flexible Packaging Products
- Other Product Types
- Material Type
- Glass
- Plastics
- Composite materials
- Metals
- Application
- Pharmaceutical
- Commodity Chemicals
- Specialty Chemicals
- Petrochemicals
- Other Applications
MARKET DYNAMICS
Growth Drivers
Increasing Demand for Chemicals is Expected to Boost the Growth of the Market
Advancements in Technology Related to Packaging Material is Expected to Boost the Growth of the Market
Restraint
Strict Regulatory Issues May Restrain the Growth of the Market
Key Players
- Ardagh
- Fabri-Kal
- The Dow Chemical Company
- Emerald Packaging
- DuPont
- Mondi
- Innovia Films
- Gerresheimer
- Nampak
- Graham Packaging
- Sonoco
- Amcor
- Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
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