Chemicals Packaging Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (Bags and Sacks, Intermediate Bulk Containers (IBC), Pails and Drums, Flexible IBCs, and Others), By Application (Commodity Chemicals, Petrochemicals, Speciality Chemicals, Construction Chemicals, and Others), By Material Type (Metal, Plastic, Glass, and Paper & Paperboard), and Region Forecast 2019-2030

Chemical packaging Market size was valued at USD 11,573.9 million in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2030.  Healthy growth is occurring in the chemicals packaging market, brought about by several significant factors. Industrialization is one main need: sufficiently storing chemicals safely and effectively requires adequate available storage spaces. Global chemical production agriculture, pharmaceuticals, and manufacturing across the globe also create a need for more advanced packing to ensure safety as well as comply with very stringent regulations. However, there are difficulties in the market. Rechargeable products are costly packaging materials are quite costly and specialized, and this is further complicated by a very complex regulatory environment in terms of chemical packaging.

On the other hand, opportunities abound with innovative, sustainable packaging materials that promise better protection and more environmentally friendly solutions, such as biodegradable or recyclable packaging, among others. Emerging markets have seen significant growth for the chemical industry, further expanding on the back of infrastructure establishment and adoption of more modern packaging solutions. Trends in this chemical packaging market are associated with safety features, such as tamper-evident and child-resistant closures and the integration of smart technologies to be used in tracking and monitoring. In summary, though the market for chemical packaging faces a huge demand along with shifting safety standards, it still faces challenges of cost as well as regulatory compliance while availing opportunities in innovation and emerging markets.

Chemical packaging Market Key Developments:

• In November 2022: Greif, Inc. recently completed a definitive agreement to acquire Lee Container Corporation, Inc., a company that produces high-performance barrier and conventional blow-molded containers. The company primarily serves the chemicals industry, strengthening the growing market segment for jerry cans and small plastic bottles and giving the company a new source of growth.
• In August 2022: To facilitate the use of recycled resin in the Infinity Series plastic drum product line, Mauser Packaging Solutions announced its continuous efforts to expand the range of products within the Infinity Series and invested in a new multi-layer plastic drum machine.