Global Chemicals Packaging Market 2017-2021

Overview of the global chemicals packaging market

According to Technavio’s market research report, the global chemicals packaging market will grow at a steady rate and post a CAGR of more than 3% during the forecast period. The growing demand for fixed intermediate bulk container (FIBC) will drive the growth prospects for the global chemicals packaging market during the projected period. FIBCs can handle more weight at a time and can be loaded using a vehicle in a very less amount of time in comparison to packaging sacks. This will increase the popularity of FIBCs over other chemical storage materials driving the growth rate of the global chemicals packaging market. Since FIBC is highly considered as an optimized cost-saving packaging solution and comes in various shapes and sizes to facilitate various specific requirements, they are increasingly used in many industries. Also, since they exhibit chemical inertness, high stacking potential, and show compliance with the statutory regulations, they are more rugged and are much safer to use.

One of the major trends that will stimulate the growth of the chemicals packaging market in the coming years is the growing demand for high-barrier packaging sacks. These moisture barrier bags and sacks are extensively used in the food packaging and chemical industries for packaging purposes because they provide better protection against moisture and oxygen and longer shelf life, which in turn, will boost the acceptance of chemicals packaging materials across various end user industries.

Competitive landscape and key vendors

The chemicals packaging market is characterized by the presence of several multinational players and established players and is highly-competitive. These vendors are increasingly competing against each other based on factors such as performance, innovation, product features, quality, cost, and financial stability. Also, chemical companies that have higher financial resources and technical resources in comparison to their competitors can come up with better products, which can make their competitors' products obsolete and non-competitive even before they are launched. Furthermore, vendors are also expanding their dominance in the market by adopting strategies such as M&As.

Key vendors in this market are -

• Amcor
• Bemis
• The Dow Chemical Company
• DuPont
• Mondi

Other prominent vendors in the market include Ardagh, Airlite Plastics, Champion Plastics, Emerald Packaging, Fabri-Kal, Georgia-Pacific, Gerresheimer, Graham Packaging, Huhtamaki, Innovia Films, Nampak, Owens-Illinois, Plastic Ingenuity, PolyOne, Sonoco, and Smurfit-Stone Container.

Segmentation by product type and analysis of the chemicals packaging market

• Sacks
• Drums
• FIBC

The chemicals packaging market was dominated by the sacks segment during 2016 and the segment will continue to dominate the market for the next four years. Since the market is witnessing a huge demand for plastic-based packaging sacks from various industries such as the specialty chemical industry, this segment will continue to grow in the forthcoming years. With the decline in the price of raw materials such as the crude oil, several vendors are encouraged to increase their production of sacks, which will in turn, boost the supply of sacks across the globe.

Segmentation by geography and analysis of the chemicals packaging market

• Americas
• APAC
• Europe
• ROW

The APAC region dominated the chemicals packaging market during 2016 and will retain its maximum market share till the end of the forecast period. Factors such as the rise in industrial development, increasing foreign direct investment (FDI), and an increase in exchange rates, will positively influence the market’s growth in the region. Also, several countries such as China and India are increasingly focusing on the production and consumption of chemicals, which will fuel the demand and adoption of chemical packaging materials in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global chemicals packaging market?
• What are the key market trends impacting the growth of the global chemicals packaging market?
• What are the challenges to market growth?
• Who are the key vendors in the global chemicals packaging market?
• What are the market opportunities and threats faced by the vendors in the global chemicals packaging market?
• What are the trending factors influencing the market shares of the Americas, APAC, Europe, and ROW?
• What are the key outcomes of the five forces analysis of the global chemicals packaging market?

Technavio also offers customization on reports based on specific client requirement.

Technavio’s reports for the transportation and logistics industry include an expansive range of product and service markets like packaging and transportation and distribution. Additionally, to help clients gain an edge over other market players, Technavio provides detailed information on various factors including the constantly changing customer preferences and the factors, which will create an impact on the growth of the suppliers, and also furnishes a competitive analysis of the transportation and logistics industry.

To correctly predict the packaging industry’s growth prospects, our team of market research specialists follow a comprehensive research approach of primary and secondary data techniques and carry out an extensive analysis of many factors, such as the advancements in technology and the demand-supply shifts for different markets across the globe. Furthermore, with an aim to enable clients to formulate new strategies for growth, our upcoming industry research report on the global chemicals packaging market for the forecast period of 2017 to 2021 offers executable insights constructed from the data collected from market intelligence sources such as channel partners, decision makers, manufacturers, and regulatory bodies.

This upcoming report on the global chemicals packaging market also takes into account the growth of identical markets such as ampoules packaging and ESD packaging, which are anticipated to grow at a CAGR of almost 9% and about 8%, respectively by 2021. As per our market research analysts, increased globalization and international trade are the primary factors that will fuel the growth of the logistics market in the coming few years.

The upcoming industry research report for global chemicals packaging market also identifies the key drivers, market patterns, and the pain points currently faced by the major players in the transportation and logistics market and also presents insights into the sectors of logistics, tags and labels, and warehouse and storage.