Global Inorganic Chemical Packaging Market, By Product Type (Drums, Intermediate Bulk Containers (IBC), Flexitanks), Capacity Type (100-250 Liters, 250-500 Liters, Over 500 Liters), Application (Polymers, Specialty Chemicals, Consumer Chemicals, Petrochemicals) – Industry Trends and Forecast to 2030.
Inorganic Chemical Packaging Market Analysis and Size
In past few years, manufacturing industries comprising original equipment manufacturers and numerous types of value-added services providers have seen an increase in demand for cosmetics, food and beverages and pharmaceutical products which eventually increase the demand for the inorganic chemical compounds. Moreover, “intermediate bulk containers” is expected to be the fastest growing product type segment during the forecast period due to the strength and durability mainly needed for simple handling of inorganic chemicals.
Data Bridge Market Research analyses that the inorganic chemical packaging market is expected to reach USD 4734.92 million by 2030, which is USD 3254.04 million in 2022, registering a CAGR of 4.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Inorganic Chemical Packaging Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Drums, Intermediate Bulk Containers (IBC), Flexitanks), Capacity Type (100-250 Liters, 250-500 Liters, Over 500 Liters), Application (Polymers, Specialty Chemicals, Consumer Chemicals, Petrochemicals)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa
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Market Players Covered
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Amcor Plc (Switzerland), LC Packaging (Ireland), ILC Dover LP (U.S.), Brambles Ltd (Australia), Arena Products Inc, (U.S.), Qingdao LAF Packaging Co., Ltd. (China), CDF Corporation (U.S.), Nittel (Germany), Qbig Packaging (Netherlands), Zasfa Composite Containers Pvt Ltd (India), Peak Liquid Packaging (U.S.), TPS Rental Systems Ltd IBC Containers (U.K.), HOYER GmbH (Germany), CHEP (Australia), Berry Global Inc. (U.S.), Bulk Lift International, LLC (U.S.), Conitex Sonoco (U.S.), Greif (U.S.), Mondi (U.K.), BWAY Corporation (U.S.)
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Market Opportunities
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Market Definition
Inorganic chemical packaging is used to transport and store inorganic compounds' liquids. These are mainly used for the transportation of hazardous chemicals in which comprise flammable and combustible liquids. Accessories such as different types of locks, lids, caps and closures and pallets are used for effective usage of inorganic chemical packaging solutions, consequently, making it suitable and easy to handle for logistical partners coupled with end-user industries.
Inorganic Chemical Packaging Market Dynamics
Drivers
- Rising demand of shrink drum liner for the packaging of inorganic chemicals
Shrink drum liner is extensively used as packaging solutions for storing and shipping harmful, dangerous or hazardous inorganic chemicals in chemical industry. Shrink drum liner is the safest containers for the shipments of the packaging of inorganic chemicals. Shrink drum liner are extremely compatible than other drums such as plastic, steel, and fibre drums. As a result of this, the chemical sector holds a major share of the packaging market for safe inorganic chemical packaging solutions. The availability of shrink drum liners for diverse materials for instance antic-static food grade which was permitted by European Union and Food and Drug Administration, is expected to improve the security and safety of inorganic chemicals and make them fit for use by chemical industries.
Opportunities
- Surging demand for safe packaging solutions
Innovation has mainly driven packaging industry and always comes up with more efficient packaging solutions than the traditional substitutes. In last few years, the demand for safe packaging solutions has augmented, particularly designed for shipping high-value goods. Innovative bulk packaging solutions industrialized for safe packaging of harmful inorganic chemicals, such as intermediate bulk containers which are made to deal with wide range of applications. Rigid intermediate bulk containers are designed for both granulated and liquid and forms of inorganic chemicals. Moreover, Manufacturers and exporters are using high-quality packaging for the Inorganic chemicals, for risk-free shipment of chemicals. Therefore, surging demand for safe packaging solutions for the inorganic chemical is anticipated to drive the market growth rate during the forecast period.
Restraints/ Challenges
- Multiple issues associated with inorganic chemical packaging
The negative impact of outbreak of COVID-19 outbreak on supply chain, increase in the price of research and development activities and fluctuations in the cost of the packaging raw materials in the market are some of the major factors which will obstruct the market's growth rate.
This inorganic chemical packaging market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growth application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the inorganic chemical packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Inorganic Chemical Packaging Market Scope
The inorganic chemical packaging market is segmented on the basis product type, capacity type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Drums
- Intermediate Bulk Containers (IBC)
- Flexitanks
Capacity Type
- 100-250 Liters
- 250-500 Liters
- Over 500 Liters
Application
- Polymers
- Specialty Chemicals
- Consumer Chemicals
- Petrochemicals
Inorganic Chemical Packaging Market Regional Analysis/Insights
The inorganic chemical packaging market is analyzed and market size insights and trends are provided by country, product type, capacity type and application as referenced above.
The countries covered in the inorganic chemical packaging market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia and New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, United Arab Emirate, Saudi Arabia, Egypt, Israel, South Africa, Rest of Middle East and Africa.
North America dominates the inorganic chemical packaging market in terms of market share and revenue due to the growing trade of consumer compounds in the United States within the region.
Asia-Pacific is expected to be the fastest developing region during the forecast period of 2023-2030 owing to the substantial entrance of market players in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Inorganic Chemical Packaging Market Share Analysis
The inorganic chemical packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to inorganic chemical packaging market.
Some of the major players operating in the inorganic chemical packaging market are:
- Amcor Plc (Switzerland)
- LC Packaging (Ireland)
- ILC Dover LP (U.S.)
- Brambles Ltd (Australia)
- Arena Products Inc, (U.S.)
- Qingdao LAF Packaging Co., Ltd. (China)
- CDF Corporation (U.S.)
- Nittel (Germany)
- Qbig Packaging (Netherlands)
- Zasfa Composite Containers Pvt Ltd (India)
- Peak Liquid Packaging (U.S.)
- TPS Rental Systems Ltd IBC Containers (U.K.)
- HOYER GmbH (Germany)
- CHEP (Australia)
- Berry Global Inc. (U.S.)
- Bulk Lift International, LLC (U.S.)
- Conitex Sonoco (U.S.)
- Greif (U.S.)
- Mondi (U.K.)
- BWAY Corporation (U.S.)
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