The global industrial chemical packaging market is a rapidly growing industry that caters to various sectors such as chemicals, petrochemicals, pharmaceuticals, and food and beverage among others. The market is primarily driven by the increasing demand for high-performance packaging solutions that can protect the contents during storage, transportation, and handling.
The industry is anticipated to grow steadily at a 4.0% CAGR until 2033. The revenue share of the market for industrial chemical packaging is anticipated to increase from US$ 133.58 billion in 2023 to US$ 197.52 billion in 2033, according to FMI.
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The market is segmented based on the type of packaging, material type, and end-use industry. The types of packaging available include drums, intermediate bulk containers (IBCs), pails, and bulk containers among others. The drums segment is expected to hold the largest market share owing to their wide application in the chemical and petrochemical industries.
Based on material type, the market is divided into plastic, metal, and fiberboard among others. The plastic segment is expected to hold the largest market share owing to its durability, lightweight, and cost-effectiveness. Moreover, the increasing use of recycled plastic for packaging purposes has further fueled the demand for plastic packaging solutions.
In terms of end-use industries, the chemical and petrochemical industries are expected to hold the largest market share owing to the increasing demand for hazardous and non-hazardous chemicals in various sectors. The pharmaceutical industry is also expected to grow significantly owing to the increasing demand for high-quality and safe packaging solutions for drugs and medicines.
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North America and Europe are expected to hold a significant market share owing to the presence of established chemical and pharmaceutical industries in these regions. However, the Asia-Pacific region is expected to grow at the highest CAGR owing to the increasing demand for packaged food and pharmaceutical products in countries such as China and India.
Overall, the industrial chemical packaging market is expected to witness significant growth owing to the increasing demand for high-performance and safe packaging solutions for various industries. The market is also expected to witness innovation in terms of sustainable and eco-friendly packaging solutions in the coming years.
Key players
- ProAmpac
- Tote Systems International, LP
- US Display Group
- Myers Industries, Inc.
- Assmann Corp. of America
- DENIOS Ltd.
- Hoover CS
- Segezha Group GmbH
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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
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