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Global Hazmat Packaging Market to reach USD 15.54 billion by the end of 2029.

Global Hazmat Packaging Market Size study & Forecast, by Product Type (Drums, Intermediate bulk containers (IBCs), Pails, Bottles, Others), by Material Type (Plastics, Metal, Corrugated), by End-User Industry (Chemicals, Pharmaceuticals, Oil and Gas, Others) and Regional Analysis, 2022-2029

Product Code: CMP-26751735
Publish Date: 13-05-2023
Page: 200

Global Hazmat Packaging Market is valued at approximately USD 10.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2022-2029. Hazmat or Hazardous Materials packaging is used for packaging chemical products that are hazardous to health and their transportation is very complex and requires extensive care. Products that are harmful to human health and need difficult transportation are packaged in hazmat. These materials can be packaged well to prevent harm to people or the environment by using hazmat packaging. Hazardous goods, such as chemicals and waste, can be transported in this fashion in a safe and effective manner. Drums, IBCs, pails, and bottles are a few examples of typical packaging for hazardous compounds. The growing chemical industry and rising demand for returnable packaging solutions are key factors driving the market growth.

The growing chemical industry is contributing towards the growth of the Global HazMat Packaging Market. For instance – as per the European Chemical Industry Council – Global chemical sales increased by 15.2% from USD 3761.94 billion in 2020 to USD 4334.73 billion in 2021. In addition, China dominated chemical sales worldwide with sales of USD 1861.59 billion in 2021. Also, growing cross-border trade in post covid era as well as rising advancement in packaging technology would create a lucrative growth prospectus for the market over the projected period. However, the volatile cost of raw materials hinders the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Hazmat Packaging Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing expansion of large-scale manufacturing of industrial chemicals in the countries such as China, India, and Vietnam as well as the presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising population and growing household income in the region are expected to further drive the demand from various end-user sectors such as chemical, pharmaceutical and oil and gas; thereby providing lucrative growth opportunities for the market over the projected period.

Major market player included in this report are:
Greif Inc.
Schtz GmbH & Co. KGaA
Mauser Group
Peninsula Drums
Balmer Lawrie & Co. Ltd.
Great Western Containers Inc.
Fibrestar Drums Limited
Sicagen India Limited
Myers Container

Recent Developments in the Market:
Ø In February 2019, RPC Promens Industrial, a manufacturer of plastic packaging, has introduced new 20 and 25 litre PET containers for a variety of industrial applications. Furthermore, RPC Promens made a significant investment at its factory in Deeside, UK, leading to the introduction of these containers onto the UK market.

Ø In September 2022, C.L. Smith, one of the leading players in rigid packaging distribution, manufacturing, and hazardous material packaging, rolled out their new e-commerce store. The store would initially offer the 4GV/Variation 2 Packaging as well as Special Permit Packaging product lines available from HAZPlus, a division of C.L. Smith.

Global Hazmat Packaging Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product Type, Material Type, End User Industry, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type
Intermediate bulk containers (IBCs)
By Material Type
By End-User Industry
Oil and Gas
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Hazmat Packaging Market, by Region, 2019-2029 (USD Billion)
1.2.2. Hazmat Packaging Market, by Product Type, 2019-2029 (USD Billion)
1.2.3. Hazmat Packaging Market, by Material Type, 2019-2029 (USD Billion)
1.2.4. Hazmat Packaging Market, by End User Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Hazmat Packaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Hazmat Packaging Market Dynamics
3.1. Hazmat Packaging Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Growing chemical industry Rising demand for returnable packaging solutions
3.1.2. Market Challenges Volatile cost of raw materials
3.1.3. Market Opportunities Growing cross border trade in post covid era Rising advancement in packaging technology.
Chapter 4. Global Hazmat Packaging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Hazmat Packaging Market, by Product Type
6.1. Market Snapshot
6.2. Global Hazmat Packaging Market by Product Type, Performance – Potential Analysis
6.3. Global Hazmat Packaging Market Estimates & Forecasts by Product Type 2019-2029 (USD Billion)
6.4. Hazmat Packaging Market, Sub Segment Analysis
6.4.1. Drums
6.4.2. Intermediate bulk containers (IBCs)
6.4.3. Pails
6.4.4. Bottles
6.4.5. Others
Chapter 7. Global Hazmat Packaging Market, by Material Type
7.1. Market Snapshot
7.2. Global Hazmat Packaging Market by Material Type, Performance – Potential Analysis
7.3. Global Hazmat Packaging Market Estimates & Forecasts by Material Type 2019-2029 (USD Billion)
7.4. Hazmat Packaging Market, Sub Segment Analysis
7.4.1. Plastics
7.4.2. Metal
7.4.3. Corrugated
Chapter 8. Global Hazmat Packaging Market, by End User Type
8.1. Market Snapshot
8.2. Global Hazmat Packaging Market by End User Type, Performance – Potential Analysis
8.3. Global Hazmat Packaging Market Estimates & Forecasts by End User Type 2019-2029 (USD Billion)
8.4. Hazmat Packaging Market, Sub Segment Analysis
8.4.1. Chemicals
8.4.2. Pharmaceuticals
8.4.3. Oil and Gas
8.4.4. Others
Chapter 9. Global Hazmat Packaging Market, Regional Analysis
9.1. Hazmat Packaging Market, Regional Market Snapshot
9.2. North America Hazmat Packaging Market
9.2.1. U.S. Hazmat Packaging Market Product Type breakdown estimates & forecasts, 2019-2029 Material Type breakdown estimates & forecasts, 2019-2029 End User Type breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Hazmat Packaging Market
9.3. Europe Hazmat Packaging Market Snapshot
9.3.1. U.K. Hazmat Packaging Market
9.3.2. Germany Hazmat Packaging Market
9.3.3. France Hazmat Packaging Market
9.3.4. Spain Hazmat Packaging Market
9.3.5. Italy Hazmat Packaging Market
9.3.6. Rest of Europe Hazmat Packaging Market
9.4. Asia-Pacific Hazmat Packaging Market Snapshot
9.4.1. China Hazmat Packaging Market
9.4.2. India Hazmat Packaging Market
9.4.3. Japan Hazmat Packaging Market
9.4.4. Australia Hazmat Packaging Market
9.4.5. South Korea Hazmat Packaging Market
9.4.6. Rest of Asia Pacific Hazmat Packaging Market
9.5. Latin America Hazmat Packaging Market Snapshot
9.5.1. Brazil Hazmat Packaging Market
9.5.2. Mexico Hazmat Packaging Market
9.5.3. Rest of Latin America Hazmat Packaging Market
9.6. Rest of The World Hazmat Packaging Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Greif Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Schtz GmbH & Co. KGaA
10.2.3. Mauser Group
10.2.4. Peninsula Drums
10.2.5. Balmer Lawrie & Co. Ltd.
10.2.6. Great Western Containers Inc.
10.2.7. Fibrestar Drums Limited
10.2.9. Sicagen India Limited
10.2.10. Myers Container
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
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Technological advancements and projected developments in the market
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