Packaging is becoming a vital constituent of modern life due to the ease of transportation, storage and inclination of the consumer towards safe and secure packaging. The demand for intelligent packaging solutions like hazardous chemicals packaging is rapidly increasing in order to protect and transport chemical products. Manufacturers of chemical packaging provide various solutions for hazardous chemicals such as IBCs, drums, bins etc.
Future Market Insights recent study suggests that the growth of the global hazardous chemicals packaging market is driven by the demand for innovative and protective packaging technologies from chemical and pharmaceutical industries to offer protective solutions to chemicals.
FMI further indicated that the demand for hazardous chemical packaging eliminates the transit damage and increases the shelf life of the products during transportation as well as during storage. Moreover, hazardous chemical packaging solutions offer safety not only to the products but also to the laborers. The risk of spillage, explosion and corrosion is reduced owing to efficient encapsulation of chemical products.
Research shows great potential of hazardous chemicals packaging that provides all the features for packaging for chemical commodities. In addition to this, it also highlights the features such as-
To reach potential outcomes, organizations are investing in intelligent and innovative packaging solutions. For instance, in April 2021, Mauser Packaging Solutions announced the acquisition of Global Tank Srl through Joint Venture NCG-Maider in Italy. Via this acquisition, Mauser Packaging Solutions further plans to extend the offering of industrial packaging products and services in the Italian market while strengthening the company’s position as the global market player in reconditioning.
Not just organizations, but various regions of the world are pushing their limits to attain maximum growth in the industry. For instance, provisions on hazardous chemical products packaging by ADR European Agreement concerning the International Carriage of Dangerous Goods additionally expresses the importance of selecting the proper packaging.
Furthermore, Poland is the major country of the chemical industry in the region of Central and Eastern Europe. According to the Central Statistical Office, the chemical sector in Poland employs around 300,000 people, which accounts for 11% of employment in the entire industry within Poland.
As intelligent packaging increasingly becomes an integral component of manufacturers as they evolve their portfolios and expand their capabilities in these dimensions and several others to meet a broader range of needs. Successful organizations partner with providers that understand their maturity, offer appropriate solutions, and provide insight to improve packaging solutions and deliver better business outcomes.
Globally, hazardous chemicals are a factual presence in various societies and could pose a threat if not managed or handled carefully. The global hazardous chemicals packaging market is characterized by packaging technology to protect and transport chemical products. Manufacturers of chemicals packaging provide various solutions for hazardous chemicals such as IBCs, drums, bins etc.
Hazardous chemical packaging eliminates the transit damage and increases the shelf life of the products during transportation as well as during storage. Moreover, hazardous chemical packaging solutions offers safety not only to the products but also to the labors.
The risk of spillage, explosion and corrosion is reduced owing to efficient encapsulation of chemical products. Hazardous chemical packaging offers protective solution to chemicals which are extensively used in chemical and in pharmaceutical industries.
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The major reason leading to the market growth of hazardous chemicals packaging is the outsourcing of chemicals across globe. The growth of hazardous chemical packaging is vastly driven by the use of intermediate bulk containers which offers enhanced performance and are cost effective than other packaging containers. Increasing penetration of hazardous chemical packaging in pharmaceuticals sector leads to increase in market share.
Moreover, hazardous chemical packaging offers protective solution and prevents the risk of spillage and explosion. High durability and increased performance of hazardous chemical packaging solutions such as IBCs, drums among others making them preferred packaging solutions over other packaging formats.
Low cost, performance and reusability of drums in the transportation and storage of hazardous chemicals, resulting in wide usage packaging solutions. Factor leading to the burgeoning demand of hazardous chemicals packaging market is that it ensures the safety of labors regarding health. Furthermore, hazardous chemical packaging solution offers high stack ability ensuring the safety of the product inside.
Hazardous chemical packaging market is gaining traction among manufacturers owing to the growing demand for metal IBCs. Hazardous chemical packaging solution eliminates the product damage and provides an extended shelf life to the products inside.
Despite the favorable conditions for the growth of hazardous chemicals packaging market, there are certain factors that hinder the growth such as hazardous chemicals may lead to corrosion of the packaging material which may result in product spillage and induces health related risk.
Hazardous chemical packaging market has been segmented on the basis of the region into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America. North America is expected to dominate the overall market share of hazardous chemicals market owing to increase in shipping & logistics sector over the forecast period.
North America is followed by APAC region and is anticipated to register highest growth rate over the forecast period. Europe region is expected to account significant market share in hazardous chemicals packaging market owing to mature market. MEA region is also expected to gain momentum in hazardous chemical packaging market as the region is focusing on non-oil and gas economy by increasing shipping & logistics market.
Some of the key players in the field of hazardous chemicals packaging market are Time Technoplast Ltd., Thielmann US LLC, Precision IBC, Inc., Hawman Container Services.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Hazardous chemicals packaging market has been segmented into material type, product type and end-use.