Global bulk chemical packaging market is expected to be valued at USD 14095.27 million in 2023 and to reach a valuation of USD 27213.60 million by 2033. The demand for bulk chemical packaging is estimated to grow at a steady 6.8% CAGR, with the United Kingdom, the USA, China, and India emerging as key producers.
In the chemical industry, the packaging is a very important part of how to handle and keep chemicals safe. Without proper packaging, there is a high risk of accidents and real danger to people's safety and property. In the case of fire explosions, products and assets could be damaged, and people could die.
Also, places like Europe have strict rules about how chemicals can be packaged. ADR European Agreement concerning the International Carriage of Dangerous Goods also has rules about how to package dangerous goods. It says that it's important to choose the right packaging, and that IBCs and large packages should not be affected or significantly weakened by the dangerous goods they contain. They also shouldn't start a reaction. This makes it important for the chemicals industry in the region to find strong packaging solutions.
As the chemical industry expands in emerging markets, such as India and China, there is a growing demand for bulk chemical packaging solutions to support this growth. The expanding middle class in these countries is driving demand for a wide range of bulk chemical packaging products, including pharmaceuticals, cosmetics, and consumer goods.
Several new packages address safety concerns and leave less of an impact on the environment. In the past, pails and drums were the most common ways for chemical companies to ship their products. Even though these products have some advantages over other materials on the market, new products are filling a big hole in the market. For example, bag-in-box and industrial bulk chemical packaging market can hold more items per package and can be flattened, which saves space in landfills and money on shipping.
The growth of e-commerce is driving demand for efficient and cost-effective packaging solutions. As more consumers purchase products online, the need for safe and reliable packaging that can withstand transportation and handling is becoming increasingly important.
As competition increases in the market, manufacturers are looking for ways to reduce costs and improve efficiency. This includes investing in automation, reducing waste, and improving supply chain logistics.
| Attributes | Details |
|---|---|
| Bulk Chemical Packaging Market CAGR (2023 to 2033) | 6.8% |
| Bulk Chemical Packaging Market Size (2023) | USD 14095.27 million |
| Bulk Chemical Packaging Market Size (2033) | USD 27213.60 million |
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Growing inclination towards flexible packaging solutions coupled with the rising food and beverage sector are driving the sales of Bulk Chemical Packaging.
| Particulars | Details |
|---|---|
| Jan - Jun (H1), 2021 (A) | 6.6% |
| Jan - Jun (H1), 2022 Projected (P) | 6.7% |
| Jan - Jun (H1), 2022 Outlook (O) | 7% |
| BPS: H1,2022 (O) - H1,2022 (P) | 30 |
| BPS: H1,2022 (O) - H1,2021 (P) | 40 |
Future Market Insights predict a comparison and review analysis of the dynamics of the market, which is principally subjected to an array of industry factors along with a few definite influences concerning the high preference for rigid packaging solution for transporting the bulk material in various end use industries.
Some recent market advancements include the modification of existing drum moulds into lighter-weight drums with a geometric design. In March 2022, Mauser Packaging Solutions received UN certification for Infinity Series IBC, a composite IBC made from high quality natural colour waste resin. This will allow the company to follow a sustainable footstep.
The market for bulk chemical packaging is expected to surge by 40 basis share points (BPS) in H1-2022 (O) in comparison with H1-2021, according to an FMI analysis.
However, when comparing the H1-2022 projected and H1-2022 outlook period, a rise in BPS change by 30 BPS has been noticed. Key reasons for the increase in the market are increased trade of chemical products across the globe which drives the growth of bulk chemical packaging products.
Furthermore, the strict government regulation for transporting hazardous chemical products boosts the demand for bulk chemical packaging.
Short-term growth (2023 to 2026): As concerns about the impact of plastic packaging waste on the environment continue to grow, there is a rising demand for sustainable packaging solutions. Manufacturers are exploring eco-friendly alternatives such as biodegradable and paper sacks, as well as recycled and reusable materials.
Medium-term growth (2027-2030): The market is experiencing technological advancements, including the development of high-performance packaging materials such as high-density polyethylene (HDPE) and polyethylene terephthalate (PET). Additionally, the development of new packaging solutions, such as flexible packaging and bag-in-box, is also contributing to the growth of the market.
Long-term growth (2031 to 2033): There is a growing demand for customized packaging solutions that meet the specific needs of different industries and customers. Manufacturers are investing in research and development to create packaging solutions that are tailored to the needs of their clients.
Principal Consultant
The alarming increase in plastic packaging waste worldwide is driving manufacturers to swiftly transition to biodegradable and paper sacks. Startling figures reveal that Amazon alone produced a staggering 599 million pounds of plastic packaging waste in 2020, representing a 29% surge from the previous year. Governments worldwide are taking note and implementing regulations to ban plastics in packaging solutions, all in a bid to reduce waste.
While the COVID-19 pandemic has led many industries to prioritize single-use plastic bags due to their ability to limit the spread of the virus, this move is likely to be temporary. As people continue to shift towards sustainable solutions, there is growing demand for recyclable and innovative sacks for industrial bulk chemical packaging applications. This trend is expected to help the market gain significant traction soon.
Increasing usage of steel drums and international bulk containers (IBCs) for safe storage and transportation of hazardous chemicals is anticipated to boost the market in China over the forthcoming years. According to FMI, Asia Pacific excluding Japan (Asia Pacific Excluding Japan) market is likely to account for about 49.7% of the share in 2022.
In addition, rising utilization of bulk chemicals in numerous applications, such as agriculture, paints and coatings, electronics, personal care ingredients and cosmetics, and water treatment is projected to bolster the market in China. Besides this, the introduction of strict norms by the government to reduce emissions and increase the adoption of sustainable production methods is set to drive the growth.
In December 2021, for instance, the Ministry of Industry and Information Technology (MIIT) introduced a new five-year plan to accelerate the development of the raw materials industry in China. MIIT also ordered the industry to make digital and green upgrades to balance supply and demand. The organization aims to reduce carbon emissions through 2025 by including numerous high energy-consuming industries, such as chemicals, cement, and steel. Such norms are expected to push sales in the forthcoming years.
The demand for chemicals in the United States is on the rise due to industries such as pharmaceuticals, food and beverage, and agriculture. This, in turn, is leading to a higher demand for bulk chemical packaging. To ensure safe handling and transportation of chemicals, the USA government has introduced safety regulations that mandate the use of high-quality packaging materials, leading to an increase in demand for bulk chemical packaging products. Technological advancements, such as the development of high-performance packaging materials (e.g., HDPE and PET) and the introduction of new packaging solutions (e.g. flexible packaging and bag-in-box), are also contributing to the growth of the market.
Growing popularity of online marketplaces and increasing engagement of key players in partnerships and acquisitions are projected to drive the market in Germany over the forecast period. The Europe market is set to command about 15.8% of the share in 2022.
The growth of the chemical industry in Germany is a major driver of the market. The country is a major producer and exporter of chemicals, and packaging is an essential component of the bulk chemical supplier chain.
The German government has strict regulations for the storage, transportation, and handling of chemicals, which require safe and secure packaging solutions. This has led to an increased demand for bulk chemical packaging that is compliant with the regulations.
There is a growing demand for sustainable and eco-friendly packaging solutions that reduce waste and minimize the environmental impact of packaging materials. This has led to the adoption of biodegradable and recyclable packaging solutions in the market.
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Based on product type, the IBCs segment is anticipated to account for the maximum share in the market. Growth is attributable to their ability to efficiently store, transport, and mass-handle solids, pastes, semi-solids, and liquids.
Moreover, this type of packaging is reusable, thereby allowing multiple uses and cleaning. IBCs are ideal for handling bulk chemicals, including dangerous goods or hazardous materials as they have a capacity of up to 1000 liters and are designed to be stackable. In addition to this, the easy availability of flexible IBCs made of woven polyethylene or polypropylene is another factor set to propel the growth of this segment in the upcoming years.
By capacity, the above 500 liters segment is estimated to dominate the market in the forthcoming years. This growth is attributable to the surging need for various chemicals in large quantities to satiate the ever-increasing demand across various industries.
Further, decreasing prices of crude oil required in the manufacturing of bulk chemicals is set to generate more demand from the construction and healthcare industries worldwide. At the same time, the ongoing expansion of the food and beverage sector, especially in emerging economies is likely to support the growth of this segment by creating demand for novel packaging solutions in high capacities.
In terms of end use, the consumer chemicals segment is set to remain at the forefront in the market in terms of share. Surging demand for perfumes, soaps, detergents, health supplements, and personal care products is anticipated to boost sales in the market.
Besides, the rising focus of government agencies on the storage and transportation of consumer chemicals in a hygienic environment is likely to drive manufacturers to produce novel packaging solutions.
The bulk chemical packaging market is moderately competitive and has many global and regional players. These bulk chemical suppliers make up a big part of the market and are focused on growing their client base around the world. Most of these players are focusing on expanding their manufacturing capacities to meet the unmet needs of a wide range of industries, as well as to increase their customer base.
Meanwhile, some of the other bulk chemical suppliers are engaging in mergers, acquisitions, and joint ventures to change their competitive position or the nature of their businesses.
For instance:
North America is projected to emerge as a lucrative market.
The growth potential of the global market is 6.8% through 2033.
Stringent regulations are likely to limit market growth.
Asia Pacific is estimated as the fastest-growing region.
The market is estimated to secure a valuation of USD 14,095.97 million in 2023.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Drums 5.2. IBC's 5.3. Flexitanks & Others 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Capacity Type 6.1. 100-250 Liters 6.2. 250-500 Liters 6.3. Above 500 Liters 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Consumer Chemicals 7.2. Speciality Chemicals 7.3. Basic Inorganic Chemicals 7.4. Polymers 7.5. Petrochemicals 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific Excluding Japan 8.5. Japan 8.6. Middle East and Africa 9. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Asia Pacific Excluding Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Grief Inc. 17.2. Mauser Group B.V. 17.3. Schutz Container Systems, Inc. 17.4. Industrial Container Services 17.5. Sonoco Product Company 17.6. Balmer Lawrie & Co. Ltd. 17.7. International Paper Company 17.8. C.L.Smith Company 17.9. TPL Plastech Ltd. 17.10. Milford Barrel Co. Inc. 17.11. Three Rivers Packaging Inc. 17.12. Enviro-Pak Inc. 17.13. Fibrestar Drums Limited 17.14. Orlando Drum & Container Corporation 17.15. Great Western Containers Inc. 18. Assumptions & Acronyms Used 19. Research Methodology
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Bulk Chemical Packaging Market
