Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 14.24 Billion | USD 25.04 Billion | 6.47% | 2023 |
According to Zion Market Research, the global Bulk Chemical Packaging Market was worth USD 14.24 Billion in 2023. The market is forecast to reach USD 25.04 Billion by 2032, growing at a compound annual growth rate (CAGR) of 6.47% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Bulk Chemical Packaging industry over the next decade.
Thriving manufacturing industry is generating humungous need for bulk chemical packaging activities across the globe. There has arisen a strong correlation between industrial output and need for bulk chemical packaging in industries. Apparently, stable production output of chemicals has prompted the demand for bulk chemical packaging activities in the recent years.
The study provides a decisive view of the bulk chemical packaging market by segmenting the market based on by product type, by capacity type, by end-use packaging applications and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By product type segment analysis includes drums, IBC’S, flexitanks & others.
By capacity type segment analysis includes 100–250 liters, 250–500 liters, above 500 liters.
By end-use packaging applications segment analysis includes consumer chemicals, polymers, petrochemicals, specialty chemicals, basic inorganic chemicals.
The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Report Attributes | Report Details |
---|---|
Report Name | Bulk Chemical Packaging Market |
Market Size in 2023 | USD 14.24 Billion |
Market Forecast in 2032 | USD 25.04 Billion |
Growth Rate | CAGR of 6.47% |
Number of Pages | 110 |
Key Companies Covered | Qingdao LAF Packaging Co. Ltd., CorrPak Bulk Packaging, Gaoqing Anthente Container Package Company Limited, RDA Bulk Packaging, BLT Flexitank Industrial Co. Ltd., Braid Logistics, MY Flexitank (MYF), KriCon, Büscherhoff Spezialverpackung GmbH & Co. KG, Ven Pack, Environmental Packaging Technologies, Inc., Trust Flexitanks, SIA Flexitanks, and LC Packaging |
Segments Covered | By Product Type, By Capacity Type, By End-Use Packaging Applications And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The surge in the usage of high value chemical containers will propel the expansion of bulk chemical packaging industry over the forecast timeline. Furthermore, with the rapid increase in trading activities pertaining to bulk chemical products across the globe, the market for bulk chemical packaging is likely to gain traction over the forthcoming years. In addition to this, humungous demand for bulk chemical packaging in healthcare, automotive, food processing, and construction activities will steer the growth of bulk chemical packaging industry over the forthcoming years.
Moreover, large-scale utility of bulk chemical packaging in the chemical & petrochemical industries will proliferate the expansion of bulk chemical packaging industry over the forecast timeframe. Additionally, the rise in the intercontinental trade business of chemicals is anticipated to steer the growth of the bulk chemical packaging industry over the forecast timeline. Apart from this, the acceptance of intermediate bulk containers, drums, and Flexitanks across the globe will carve a lucrative growth map for bulk chemical packaging industry over the forecast timespan.
North America To Contribute Notably Towards Overall Market Share Over 2024-2032
The growth of the industry in the region over the forecast timespan in the North American region is owing to huge demand for bulk chemical packaging in the countries like the U.S.
Key players influencing the market growth include-
The global bulk chemical packaging market is segmented as follows:
By product type:
By capacity type:
By end-use packaging applications:
By Region
FrequentlyAsked Questions
The surge in the usage of high value chemical containers will propel the expansion of bulk chemical packaging industry over the forecast timeline.
The CAGR of the Bulk Chemical Packaging Market is expected to be nearly 6.47% during the forecast timespan.
North American region will contribute sizably towards the global market revenue over the estimated timeline.
The key market participants include Gaoqing Anthente Container Package Company Limited, BLT Flexitank Industrial Co. Ltd., Braid Logistics, KriCon, Büscherhoff Spezialverpackung GmbH & Co. KG, Ven Pack, Environmental Packaging Technologies, Inc., Qingdao LAF Packaging Co. Ltd., MY Flexitank (MYF), Trust Flexitanks, SIA Flexitanks, RDA Bulk Packaging, CorrPak Bulk Packaging, and LC Packaging.
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