The HAZMAT packaging market is projected to grow at a CAGR of 4.86% between 2025 to 2030.
HAZMAT packaging is also known as Hazardous Material Packaging. HAZMAT packaging is used for packaging hazardous materials and products which need to be transported. The need and regulations by the government regarding the safe packaging of hazardous materials and products are expected to drive the market. Further increasing manufacturing in developing countries owing to increased consumption and demand for products is expected to create opportunities for the HAZMAT packaging market. In addition, the growing E-commerce industry is projected to increase the demand for Hazmat packaging. The key industries driving the Hazmat packaging market are logistics, pharmaceuticals, oil & gas, and chemicals among others. Geographically, Asia-Pacific is expected to hold a significant share in the Hazmat packaging market owing to the increasing e-commerce industry in the region.
DRIVERS
Growing E-commerce industry.
Growing government regulations regarding safe packaging.
RESTRAINTS
Stringent government rules regarding plastic use.
INDUSTRY UPDATE
In November 2018, THIELMANN acquired CONTek IBC-Service GmbH with an aim to expand its service portfolio in different container sectors.
In June 2018, THIELMANN launched IBC ECO-LIGHT cylindrical container for the transport, storage, and dispensing of high-density liquids.
The major players profiled in the HAZMAT packaging market include
Hoover Ferguson Group Inc, Mauser Group B.V., Eagle Manufacturing Company, SIA Flexitanks, Fibrestar Drums, Patrick J. Kelly Drums, Balmer Lawrie & Co. Ltd., Greif Inc, THIELMANN - The Container Company, Milford Barrel Company, Peninsula Drums, Sicagen India Ltd., and SCHUTZ GmbH & Co. KGaA.
Segmentation
The HAZMAT packaging market has been analyzed through the following segments:
By Material Type
Plastic
Fibre
Metal
By Product
Drums
IBC Tanks
Others
By End-User
Pharmaceuticals
Oil & Gas
Logistics
Chemicals
Others
By Geography
North America
USA
Canada
Mexico
Others
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others