Global Specialty Chemical Packaging Market, By Type (Specialty Mining, Water Treatment, Adhesives, Electronic, Specialty Paper, Pesticides, Rubber Processing, Advanced Ceramic Materials, Plastic Additives, Construction, Specialty Oilfields, Textile, Food Additives, Printing Inks, Specialty Polymers, Antioxidants, Biocides, Catalysts, Specialty Enzymes, Separation Membranes, Specialty Coatings, Specialty Pigments, Surfactant, Demulsifier), Product Type (Drums, Intermediate Bulk Containers (IBC), Flexitanks), Capacity Type (100-250 Liters, 250-500 Liters, Over 500 Liters) – Industry Trends and Forecast to 2030.
Specialty Chemical Packaging Market Analysis and Size
The packaging is an essential component of chemical safety. Improper packaging of chemicals, increases the risk of product damage including asset and fatalities because of fire explosions during storage and transportation. Therefore, the increasing incidents during transportation and storage of hazardous chemicals is likely to increase the consumption of steel and IBC drums because they are safe packing solutions for such products.
Data Bridge Market Research analyses that the specialty chemical packaging market is expected to reach USD 1203.45 billion by 2030, which is USD 674.77 billion in 2022, registering a CAGR of 7.50% 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.
Specialty 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 Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Specialty Mining, Water Treatment, Adhesives, Electronic, Specialty Paper, Pesticides, Rubber Processing, Advanced Ceramic Materials, Plastic Additives, Construction, Specialty Oilfields, Textile, Food Additives, Printing Inks, Specialty Polymers, Antioxidants, Biocides, Catalysts, Specialty Enzymes, Separation Membranes, Specialty Coatings, Specialty Pigments, Surfactant, Demulsifier), 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
Specialty chemical packaging is mainly used for storing and transporting specialty chemical compounds. These chemicals are very harmful and hazardous chemicals in which comprise flammable and combustible liquids. It is used in packaging various products such as specialty mining, water treatment, adhesives, electronic, specialty paper, pesticides, rubber processing and others. Consequently, this packaging makes it suitable and easy to handle for logistical partners and end-user industries.
Specialty Chemical Packaging Market Dynamics
Drivers
- High popularity of Intermediate Bulk Containers (IBCs) for specialty chemical packaging
Intermediate Bulk Containers (IBCs) are mainly suitable for packaging specialty chemical in the chemical industry because they can safely transport various liquid or solid products. The specialty chemical materials needing safe handling because these chemicals such as classes 3, 4, 5 and 9, and other chemicals, such as edible liquids, lubricating, and essential oils are very harmful and hazardous. Therefore, high popularity of intermediate bulk containers (IBCs) for specialty chemical packaging is expected to drive the growth of the market.
- Rising usage of high-barrier packaging sacks for the packaging of specialty chemicals
The growth of the specialty chemicals packaging market during the forecast period is due to the growing demand for high-barrier packaging sacks which is also one of the major factor for the growth of the market. These moisture barrier sacks are widely used in the packaging of specialty chemicals in chemical industries because they provide better protection against oxygen and moisture and longer shelf life, which in turn, will increase the acceptance of specialty chemicals packaging materials across numerous end user industries.
Opportunities
- Rising shift toward sustainable packaging solutions
The rapid growth in the shift toward sustainable and biodegradable packaging solutions stimulates the manufacturer of specialty chemical packaging to innovate and provide sustainable or recyclable packaging for industrial purposes such as packaging of specialty chemical. For instance, ExxonMobil provides a range of performance polyethylene polymers, including ExxonMobil HDPE and Exceed XP a, among other products, to create several opportunities for differentiated, heavy-duty and sustainable sack solutions.
- Surging demand for safe packaging solutions
In last few years, the demand for the safe packaging solutions for specialty chemical has augmented, mainly for the shipping purposes. Innovative bulk packaging solutions are created for safe packaging of harmful and hazardous specialty chemicals, such as intermediate bulk containers (IBCs), which are specially made to deal with a wide range of chemical industry applications. Moreover, manufacturers and exporters are using high-quality packaging products for the specialty chemicals, for risk-free shipment of specialty chemicals. Therefore, surging demand for safe packaging solutions for the specialty chemical is anticipated to create numerous opportunities for the market growth rate during the forecast period.
Restraints/ Challenges
- Increasing price of oil
The cost of the oil has increased due to the European geopolitical conflict, which highly affected the price of producing specialty chemicals. The specialty chemicals market is expected to be significantly impacted by rising oil prices. From the viewpoint of manufacturers, the impact of increasing energy prices resulted in higher prices of specialty chemical. The import and export of raw materials, particularly in the European region, were affected by supply interruptions, which negatively impacted the specialty chemical market.
This specialty 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 specialty 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.
Recent Development
- In 2020, Greif, Inc. acquired a minority stake in Centurion Container LLC and expanded its Intermediate Bulk Container readjustment network in North America. This investment is anticipated to reinforce the company's IBC and Intermediate Bulk Container reconditioning business.
- In 2021, - Mauser Packaging Solutions announced their acquisition with Global Tank Srl With this acquisition, Mauser Packaging Solutions will further increase the offering of industrial packaging products in the Italian market and also strengthening the position as the global market player in reconditioning.
Global Specialty Chemical Packaging Market Scope
The specialty chemical packaging market is segmented on the basis type, product type, capacity type. 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.
Type
- Specialty Mining
- Water Treatment
- Adhesives
- Electronic
- Specialty Paper
- Pesticides
- Rubber Processing
- Advanced Ceramic Materials
- Plastic Additives
- Construction
- Specialty Oilfields
- Textile
- Food Additives
- Printing Inks
- Specialty Polymers
- Antioxidants
- Biocides
- Catalysts
- Specialty Enzymes
- Separation Membranes
- Specialty Coatings
- Specialty Pigments
- Surfactant
- Demulsifier
Product Type
- Drums
- Intermediate Bulk Containers (IBC)
- Flexitanks
Capacity Type
- 100-250 Liters
- 250-500 Liters
- Over 500 Liters
Specialty Chemical Packaging Market Regional Analysis/Insights
The specialty chemical packaging market is analyzed and market size insights and trends are provided by country, type, product type, capacity type as referenced above.
The countries covered in the specialty 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 specialty chemical packaging market in terms of market share and revenue owing to the increasing demand of bulk chemicals 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 increasing potential for major market players to unleash the market demand 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 Specialty Chemical Packaging Market Share Analysis
The specialty 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 specialty chemical packaging market.
Some of the major players operating in the specialty 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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