Hazardous Goods Packaging Market Overview
According to the latest research by FMI, the hazardous goods packaging market is set to witness a 6.0% growth during the year 2021-2031. The hazardous goods packaging sector has been the use of high-end packaging technologies. Hazardous goods are indeed a risk to health, property, and environment and need to be transported as per chemical regulations.
The hazardous material handling team needs trained personnel especially to handle dangerous goods that comprise materials that are flammable, pathogenic, oxidizing, corrosive, explosive, allergic, toxic, biohazardous, radioactive.
Key players are focusing on developing advanced packaging technologies to ensure safety, durability, and safe transportation of products and goods. Several industries are required to store and transport hazardous goods and substances. This requires the use of Hazardous goods packaging that can help in protecting fragile surfaces, reactive chemicals, and other materials.
What is Driving Demand for Hazardous Goods Packaging Market?
The key factors which drive the demand for hazardous goods packaging are the growing pharmaceutical and chemical industries. Thus necessities of hazardous goods packaging to store and transport hazardous raw materials of the industries. Apart from these, the rise in import-export activities and safety regulation on the transport of reactive chemicals and other materials also fuel the growth of the hazardous goods packaging industry.
Which Factors are Likely to Augment Growth of Hazardous Goods Packaging Market?
The advancement in technology in reference to hazardous goods packaging and their applications in the various industries to improve safety. Hazardous goods packaging market is experiencing significant growth due to increasing agro, chemical, and pharmaceutical industries.
For instance, BASF Española, S.L producing a total of over 600 products. Chemical manufacturers heavily investing and continuously improving its product portfolio. For instance, Tarragona Chemical Park area there are 33 chemical companies of all sizes and activities. thus demand of hazardous goods packaging will increase over the forecasting period.
US and Canada Hazardous Goods Packaging Market Outlook
In North America, the global hazardous goods packaging is anticipated to have exceptional growth over the forecast period. The presence of strong infrastructure, chemical industries and growing oil trade in the U.S. Moreover, the presence of top industry manufacturer in the Canada and U.S are adding to hazardous goods packaging growth in the region.
Further, Key industries such as freight and logistics, pharmaceuticals, and chemical manufacturing have also become key consumers of hazardous goods packaging in recent times.
Europe Demand Outlook for Hazardous Goods Packaging
The Europe hazardous goods packaging market is experiencing significant growth Road transport is the key mode of transport of hazardous goods in Europe. According to the Eurostat database, in 2017, the transport of hazardous goods in the Europe more than 83 billion tonne-kilometres. European countries such as Germany, France, and Poland have highest share of hazardous material road transportation 27.5%, 17.8%, 8.7% respectively.
Who are the Key Manufacturers and Suppliers of Hazardous Goods Packaging?
The key manufacturers in the hazardous goods packaging market are
- NEFAB GROUP
- Pfizer Inc.
- THIMM THE HIGHPACK GROUP.
- Eagle Manufacturing Company
- Schutz Container Systems, Inc.
- HINRICH Industries
- Mauser Group B.V.
- Thielmann US LLC
- Hawman Container Services
- Precision IBC, Inc.
- Time Technoplast Ltd.,
The key players in the hazardous goods packaging market follow the strategy of mergers, acquisitions and R&D investments and tie-ups with hospitals.
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 an 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.
- Class 1: Explosives
- Class 2: Gases
- Class 3: Flammable Liquids
- Class 4: Flammable Solids
- Class 5: Oxidising substances and organic peroxides
- Class 6: Toxic and infectious
- Class 8: Corrosives
- Class 9: Miscellaneous
By End User:
- Chemical & Petrochemicals
- Oil & Gas
- Freight and Logistics
- North America
- Latin America
- South Asia
- Rest of South Asia
- East Asia
- South Korea
- Middle East and Africa
- GCC Countries
- South Africa