Up until 2033, the industry is projected to expand consistently at a CAGR of 4.0%. According to FMI, the industrial chemical packaging market‘s revenue share is projected to rise from US$ 133.58 billion in 2023 to US$ 197.52 billion in 2033.
Companies will be able to send goods across continents more quickly thanks to the development of the newest international trade routes and advances in supply chain and logistics networks. Therefore, these advancements will increase the need for robust and large-volume packaging options for dangerous chemicals.
Industrial packaging producers are adjusting to meet the demands of contemporary markets. All enterprises, big or small, must upgrade their production technology continuously to remain competitive in the market.
For More Insights on this Market, Get A Sample Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-5234
State-of-the-art leak detecting machinery and advanced testing solutions are designed for making sure the chemical packaging solution is in tandem with international safety standards and complies with weight handling capacity.
Key Takeaways from Industrial Chemical Packaging Market
- Intermediate bulk containers are the most widely used packaging format for safe and easy transportation of industrial chemicals, as these containers are versatile, pallet mounted cost-effective. IBC’s currently account for more than 64% of industrial chemical packaging solutions sold worldwide.
- Backed by the presence of the renowned pharmaceutical companies in the country, the U.S. is the largest consumer of chemical packaging solutions.
- Recyclable and re-usable features make plastic preferred material in the industrial chemical packaging market. It is expected to account for over 40% of packaging solutions produced over the forecast period.
- Specialty chemicals segment will offer incremental opportunity of US$ 36.5 Bn between 2023 and 2033.
Speak to Our Analyst @ https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-5234
“Meteoric rise in demand for advanced packaging solutions for hazardous materials, due to the implementation of stringent international safety standards for storage and transportations of harmful chemicals is pushing the demand for advanced leak-proof packaging products,” says FMI analyst.
Sustainability to be a Key Concern for Top Manufacturers
Increasing global pollution has compelled key players of the packaging industry to use eco-friendly raw materials, which are recyclable or offer re-usability. Along with that, manufacturers need durable materials to provide strength to the industrial chemical packaging solutions, which can carry heavy weight.
Producers are therefore shifting focus towards High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Metallized Polyethylene Terephthalate (MET-PET), and other reusable materials, which are cost-effective and have a wide range of features.
Industrial Chemical Packaging Market Landscape
Some of the key players dominating the global industrial packaging market are 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., RIKUTEC Group, Müller Group, Knack Packaging Private Limited, Mauser Group B.V., PVN Fabrics Pvt. Ltd., Time Technoplast Ltd., Pyramid Technoplast Pvt Ltd., Tripura Containers Private Limited, East India Drums & Barrels Mfg. Co and Schuetz GmbH & Co. KGaA.
Get 20% Discount @ https://www.futuremarketinsights.com/request-discount/rep-gb-5234
Key segments
By Packaging Format:
- Intermediate bulk containers (IBCs)
- Flexitanks
- Drums
- Pails & Jerry Cans
- Bags & Sacks
- Others (Bins & Liners, etc.)
By Material:
- Metal
- Plastic
- Paper & Paperboard
By Chemical Type:
- Specialty Chemicals
- Commodity Chemicals
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
About Us:
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
LinkedIn| Twitter| Blogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com
