Chemical Packaging Market Size, Share, Opportunities, And Trends By Packaging Type (Bags And Sacks, Intermediate Bulk Containers (IBC), Pails And Drums, Flexible IBCs AND Related Flexible Packaging Products, Others), By Application (Commodity Chemicals, Specialty Chemicals, Petrochemicals, Others), By Material (Metal, Plastic, Others), And By Geography - Forecasts From 2023 To 2028

  • Published : Jul 2023
  • Report Code : KSI061615779
  • Pages : 145

The chemical packaging market is projected to grow at a significant level in the forecast period. Chemical packaging refers to the specialized containers and materials used for storing, transporting, and protecting various chemicals. It plays a crucial role in ensuring safety, preventing leakage, and maintaining the integrity of the chemicals throughout their lifecycle. Chemical packaging typically involves selecting appropriate materials that are compatible with the specific chemical properties and potential hazards involved. These containers may include drums, bottles, cans, or intermediate bulk containers made from materials like plastic, metal, or glass.

Introduction:

The chemical packaging market refers to the industry that provides containers, materials, and services related to packaging chemicals. It encompasses a wide range of products, including drums, IBCs, bottles, and specialized packaging solutions designed to meet the specific requirements of different chemicals. The market is driven by factors such as increasing demand for chemicals across various industries, stringent regulations regarding safety and transportation, and the need for efficient and sustainable packaging solutions. Key players in the chemical packaging market include manufacturers, suppliers, and distributors who cater to the diverse needs of chemical producers and end-users, ensuring the safe handling, storage, and transportation of chemicals while adhering to regulatory standards.

Drivers:

  • Increasing demand for chemicals:

The growing demands for chemicals in various industries such as pharmaceuticals, food and beverages, agriculture, and automotive drives the need for efficient and reliable packaging solutions. This demand for chemicals directly influences the chemical packaging market.

  • Stringent safety regulations:

The chemical industry is subject to stringent safety and regulatory requirements to protect human health and the environment. Compliance with these regulations necessitates the use of appropriate packaging materials and designs that ensure safe handling, transportation, and storage of chemicals.

  • Hazard communication and labeling requirements:

Chemical packaging must adhere to specific labeling and hazard communication standards to provide essential information about the chemical content, potential risks, and proper handling procedures. Compliance with these requirements is a crucial driver for the chemical packaging market.

  • Technological advancements:

Advances in packaging materials, manufacturing processes, and technology contribute to the growth of the chemical packaging market. These advancements enable the development of innovative packaging solutions that enhance safety, efficiency, and sustainability in chemical packaging.

  • Increasing focus on sustainability:

Environmental concerns and regulations drive the demand for sustainable packaging solutions in the chemical industry. Eco-friendly packaging materials, recycling initiatives, and reduced packaging waste are important drivers for the chemical packaging market.

  • Growth of the e-commerce sector:

The rise of e-commerce platforms and online purchasing of chemicals necessitates secure and robust packaging solutions for safe transportation. E-commerce packaging requirements, including durability, protection against leaks, and compatibility with various transportation modes, drive the chemical packaging market.

  • Globalization and international trade:

The chemical industry is highly globalized, with significant import and export activities. This creates a need for packaging solutions that comply with international transportation regulations, including labeling, hazard communication, and packaging compatibility, driving the chemical packaging market.

  • Industry-specific packaging requirements:

Different sectors within the chemical industry, such as petrochemicals, specialty chemicals, and agrochemicals, have unique packaging needs. Chemical packaging manufacturers must provide customized solutions that address specific requirements, contributing to market growth.

  • Product differentiation and branding:

Packaging plays a vital role in product differentiation and brand identity in the chemical industry. Unique and visually appealing packaging designs help companies stand out in a competitive market and attract customer attention.

  • Focus on product integrity and shelf life:

Chemicals often have specific storage and handling requirements to maintain their integrity and extend shelf life. Packaging solutions that provide protection against moisture, light, temperature fluctuations, and chemical reactions are in demand, driving the chemical packaging market.

Products offered by key companies:

  • BASF launched a new line of packaging made from chemically recycled plastics. This type of plastic is made from waste plastic that has been broken down and then repolymerized into new material.
  • Shell launched a new line of lubricant bottles made from recycled plastic. The bottles are made from 100% post-consumer recycled resin (PCR), which means that they are made from plastic that has already been used and recycled ones.
  • Kiko Milano launched a new line of makeup packaging made from recycled plastic and paper. The packaging is also designed to be recyclable, so that it can be easily disposed of at the end of its life.

Positive growth in the sustainable packaging segment:

The segment that is experiencing significant growth in the chemical packaging market is sustainable packaging. With increasing emphasis on environmental sustainability and regulatory pressure to reduce carbon footprint, the chemical industry is actively adopting sustainable packaging solutions. Sustainable packaging incorporates materials and practices that minimize environmental impact, such as recycled content, biodegradability, and eco-friendly designs. This segment's growth is driven by the demand for eco-conscious packaging options that align with sustainability goals and regulations, as well as the positive brand image associated with environmentally responsible practices. Manufacturers that offer sustainable packaging solutions cater to the rising demand for greener alternatives, contributing to rapid growth in this segment of the chemical packaging market.

Asia- Pacific region is expected to hold a significant share:

The Asia-Pacific region is expected to dominate the chemical packaging market share. Several factors contribute to this dominance, including rapid industrialization, urbanization, and the presence of key chemical manufacturing hubs in countries like China and India. The region's strong economic growth, coupled with a rising population and increasing consumer demand, drives the demand for chemicals and subsequently fuels the need for efficient packaging solutions. Furthermore, government initiatives supporting industrial development and infrastructure investments in the region further bolster the dominance of the Asia-Pacific chemical packaging market.

Key developments:

  • In Dec 2022, BASF and StePac have teamed up to create sustainable packaging for fresh produce. BASF will supply StePac with its chemically recycled polyamide 6, Ultramid Ccycled, enabling the development of contact-sensitive packaging formats within the circular economy. This partnership aims to reduce plastic waste and extend the shelf life of produce.
  • In Aug 2022, OASIS Grower Solutions has launched a new packaging for its hydroponic fertilizer, offering a streamlined one-bag solution for fertilizing leafy greens. The fertilizer is specifically formulated for hydroponic production of various crops, providing optimal proportions of essential elements for plant growth.

Key Segments:

  • By Packaging Type
    • Bags and Sacks
    • Intermediate Bulk Containers (IBC)
    • Pails and Drums
    • Flexible IBCs AND related Flexible Packaging Products
    • Others
  • By Application
    • Commodity Chemicals
    • Specialty Chemicals
    • Petrochemicals
    • Others
  • By Material
    • Metal
    • Plastic
    • Others
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Italy
      • Spain  
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Taiwan
      • Thailand
      • Indonesia
      • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Data

2.3. Validation

3. EXECUTIVE SUMMARY

3.1. Key Findings

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. CHEMICAL PACKAGING MARKET, BY PACKAGING TYPE

5.1. Introduction

5.2. Bags and Sacks

5.3. Intermediate Bulk Containers (IBC)

5.4. Pails and Drums

5.5. Flexible IBCs AND related Flexible Packaging Products

5.6. Others

6. CHEMICAL PACKAGING MARKET, BY APPLICATION

6.1. Introduction

6.2. Commodity Chemicals

6.3. Specialty Chemicals

6.4. Petrochemicals

6.5. Others

7. CHEMICAL PACKAGING MARKET, BY MATERIAL

7.1. Introduction

7.2. Metal 

7.3. Plastic

7.4. Others

8. CHEMICAL PACKAGING MARKET, BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Italy

8.4.5. Spain

8.4.6. Others

8.5. Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Taiwan

8.6.6. Thailand

8.6.7. Indonesia

8.6.8. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Emerging Players and Market Lucrativeness

9.3. Mergers, Acquisitions, Agreements, and Collaborations

9.4. Vendor Competitiveness Matrix

10. COMPANY PROFILES

10.1. Greif Inc. 

10.2. Mauser Packaging Solutions

10.3. Mondi Group  

10.4. ProAmpac

10.5. Hoover CS

10.6. SolvChem Custom Packaging

10.7. LC Packaging Group

10.8. CDF Corporation

10.9. Peak Liquid Packaging

10.10. Conitex Sonoco


Greif Inc.

Mauser Packaging Solutions

Mondi Group 

ProAmpac

Hoover CS

SolvChem Custom Packaging

LC Packaging Group

CDF Corporation

Peak Liquid Packaging

Conitex Sonoco


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