Chemicals Packaging Market Size, Share, and COVID-19 Impact Analysis, By Material (Paper & Paperboard, Metal, and Plastic), By Product Type (Bags & Sacks, Intermediate Bulk Containers (IBC), Flexitanks, Drums, and Others) By Application (Commodity Chemicals, Specialty Chemicals, and Petrochemicals), and Regional Forecast, 2025-2032

Chemicals packaging market growth is attributed to the increased use of chemicals in the food & beverage and pharmaceutical industries. Demand for organic chemicals and other additives is increasing in sustainable packaging solutions. Chemical packaging is anticipated to be driven by the expansion of global trade, evolving technology, governmental decisions, etc., influencing the rise of commerce between nations. State-of-art leak-detecting machinery and advanced testing solutions adhere to international safety standards and comply with weight handling capacity. These are some factors propelling the chemicals packaging market growth.

• For instance, on June 2022, Constantia Flexibles introduced recycle-ready laminate with improved chemical resistance packaging for pharmaceutical products. The product comes with sustainable packaging solutions.

The rapid growth in the shift towards biodegradable and sustainable packaging solutions for chemical packaging will create an opportunity for the market. Innovative bulk packaging solutions are developed for the safe packaging of hazardous and harmful chemicals. Moreover, the manufacturer uses high-quality packaging products for risk-free shipment of chemicals. Therefore, the rising demand for secure packaging solutions is expected to create numerous opportunities for the chemical packaging market.

Stringent government regulations towards the plastic waste of chemical packaging and recycling plastic is a significant problem in the chemical packaging sector, restraining the market growth. However, the changing regulatory standards, fluctuations in raw material costs, and growing waste levels are expected to hamper the chemical packaging market growth.

IMPACT OF COVID-19 ON THE CHEMICALS PACKAGING MARKET

The COVID-19 pandemic has negatively impacted the chemicals packaging market, attributed to significant disturbances experienced by respective manufacturing and supply chain operations due to the lockdown. But the market is likely to recover quickly during the forecast period, coupled with escalating demand for drums and intermediate bulk containers in chemical packaging as they can be reused and reconditioned and will bolster the market growth. The increasing demand for several chemical products in the agriculture industry will also enhance market growth in the post-pandemic era.

KEY INSIGHTS

The report will cover the following key insights:

• Recent Advancements in the Chemicals Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Chemicals Packaging Market


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

ANALYSIS BY MATERIAL

Based on the materials, the market is segmented into paper & paperboard, metal, and plastic. Plastic holds the largest market share in the global chemicals packaging market owing to the advantages of low weight. The rising usage of plastic material for packaging several petrochemical products will enhance the segment’s growth. Metal will experience moderate growth as it is increasingly replaced due to the end product's heavy weight compared to plastic.

ANALYSIS BY PRODUCT TYPE

Based on the product type, the market is segmented into bags & sacks, intermediate bulk containers (IBC), flexitanks, drums, and others. Intermediate bulk containers hold the largest market share in the global chemicals packaging market because IBC provides product protection and cost-effective packaging solutions and lowers overall packaging costs, attributed to high storage space.

ANALYSIS BY APPLICATION

Based on the application, the market is segmented into commodity, specialty, and petrochemicals. Specialty chemicals hold the largest market share in the global chemical packaging market due to the outpouring demand for various specialty polymers, dyes & pigments, and various agricultural and pharmaceutical chemicals.

REGIONAL ANALYSIS

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The chemicals packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the leading region in the global chemicals packaging market. This region is driven by the increasing consumption of active pharmaceutical ingredients and is expected to continue due to the presence of leading pharmaceutical companies. The chemical packaging market in Europe is increasing due to the surge in demand for various dyes and pigments along with paints and coating, which is predicted to create opportunities for the region. Asia Pacific region will have rapid growth due to the increase in the consumption and production of various pesticides, fertilizers, and agrochemicals, which will boost the chemical packaging market in this region.

KEY PLAYERS COVERED

The report will include profiles of key players such as Greif, Mauser Packaging Solutions, Hoover CS, SolvChem, Inc. British Plastics Federation, LC Packaging, Brainerd Chemical Co., Inc., Bulk-Pack, Inc., Champion Plastics, Segezha Group, among others.

SEGMENTATION

KEY INDUSTRY DEVELOPMENTS

• November 2022: ChromaScape expanded its packaging chemical portfolio by acquiring CEL Chemical. It is a strategic acquisition to enlarge ChromaScape’s packaging-related product portfolio.


• August 2021: BASF and Nippon Paint China jointly launched innovative industrial eco-packaging in China. The packaging material is commercialized for constructing dry mortar products of Nippon Paint. It is the first time BASF’s coating will be used in industrial packaging in China.


• May 2021: Schoeller Allibert launched returnable chemical packaging and recyclable plastic solutions, packaging for the chemical supply sector. Returnable packaging allows brands and retailers to improve sustainability throughout the supply chain.


• May 2019: a leading global chemical company, Songwon Industrial, became the biggest chemical company to package its products in 20kg polyethylene (PE) bags developed with 50% recycled PE. The recycled material is mainly sourced from several waste streams, such as pre-used industrial printed bags.