Industry Background:
Growing demand for fixed intermediate bulk containers and high-barrier packaging sacks for chemicals will drive the growth scenarios for the chemicals packaging market during the forecasted period. One of the major trends that will stimulate the growth of the market in the coming years is the increasing demand for cost-saving packaging solutions. Additionally, growth in the chemical industry globally and rising demand from developing economies are expected to fuel market growth.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amcor (Australia), Bemis (United States), The Dow Chemical Company (United States), DuPont (United States), ProAmpac (United States), Mondi (Austria), Ardagh Group (Ireland), Champion Plastics (United States) and Emerald Packaging (United States) |
This growth is primarily driven by Growth in Chemical Industry and Technological Advancements to Contribute To the Growth of Chemical Packaging.
Globally, a noticeable market trend is evident Rising Demand for High-Barrier Packaging Sacks for Chemicals Major Vendors, such as Amcor (Australia), Bemis (United States), The Dow Chemical Company (United States), DuPont (United States), ProAmpac (United States), Mondi (Austria), Ardagh Group (Ireland), Champion Plastics (United States) and Emerald Packaging (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The global chemical packaging market is fragmented owing to the presence of several small and large dealers who compete in terms of price, quality, reputation, innovation, and distribution. To sustain themselves in such a competitive market environment, it is important for the market players to discriminate their product offerings through a unique and clear value proposition. Also, vendors need to focus on the expansion of their distribution channels to increase their product availability and market penetration.
Key Developments in the Market:
In April 2021, ProAmpac acquired two companies in the United Kingdom, IG Industries PLC and Brayford Plastics Ltd., to produce recyclable packaging solutions.
In September 2022, the advanced recycling plant Envicco has been opened in Thailand by the Austrian packaging and recycling company Alpla Group and the Thai chemical company PTT Global Chemical (PTTGC). In the new factory, packages made from recycled resins will be handled and processed afterward.
Regulatory Insights:
“The Globally Harmonised System of Classification and Labelling of Chemicals (GHS) proposes harmonized hazard communication elements, including labels and safety data sheets. It was adopted by the United Nations Economic Commission for Europe (UNECE) in 2002. This system aims to ensure better protection of human health and the environment during the handling of chemicals, including their transport and use. The classification of chemicals is done based on their hazard. This harmonization will facilitate trade when implemented entirely.”
Influencing Trend:
Rising Demand for High-Barrier Packaging Sacks for Chemicals
Market Growth Drivers:
Growth in Chemical Industry and Technological Advancements to Contribute To the Growth of Chemical Packaging
Challenges:
Lack of Access and Awareness in Underdeveloped Markets
Restraints:
Stringent Government Regulations Regarding Chemical Packaging
Opportunities:
Increasing Demand for Fixed Intermediate Bulk Containers (FIBC) and Growing Demand from the Developing Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Chemicals Packaging Market
- Analysis about New Entrants in Chemicals Packaging Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Chemicals Packaging Study Sheds Light on
The Chemicals Packaging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chemicals Packaging industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chemicals Packaging industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.