Bulk Chemical Packaging Market
“The global trade of bulk chemical products has increased many fold in the past two decades, pushing non-traditional chemical manufacturers to use bulk containers to address packaging demands. Some of these industries include bio-chemical manufacturers, specialty chemical manufacturers, and food grade ingredient manufacturers. Holistically, the strong performance of the chemicals industry, both commodity and specialty subsectors, can safely be attributed to the industry’s increased productivity over time and China’s substantial economic growth in the last two decades. Chemical industry’s promising future, will positively impact the bulk chemical packaging landscape, in the coming years”, explained a senior analyst.
Key Demand-Driving Factors Include:
Growing adoption of better performing and cost-effective larger containers versus smaller containers having short service life along with increasing shale gas explorations in U.S apart from other gas drilling and refining activities will drive more investments in chemical production, thereby, increasing the demand for bulk chemical packaging products across the globe.
Intermediate bulk containers (IBC) and drums are expected to experience the fastest growth through 2019, as per the report, given its advantages of cost effectiveness and reusability. However, among the global bulk chemical packaging market's product type, drums will remain the most preferred packaging product, with nearly 83 percent revenue share.
The global bulk chemical packaging market is also reflecting product customization trends to suit the end-user requirements. Increased storage capacity, longer service life that allows large scale industrial customers to gauge the substantial long-term cost benefits, are some key considerations companies are making.
Apart from dimensions, companies in the bulk chemical packaging market are also offering light weight and cost-competitive products compared to the more conventional steel drums. In addition, material enhancements to make bulk chemical packaging products corrosion and impact resistant are also being deployed.
Get Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-8138
Supply Chain Complexities and Fluctuating Raw Material Prices Still a Major Concern
Despite the strong growth outlook projected for bulk chemicals packaging landscape, supply chain complexities that places the packaging manufacturers a couple of nodes away from end-consumers often results in lack of flexibility and agility among packaging manufacturers. Moreover, lack of processes and a seamless supply chain management, specifically among companies operating in chemical packaging sector, translates into a slower supply chain information process and customer-specific needs rarely communicated to manufactures in bulk chemicals packaging landscape. Escalation in the raw material prices in addition to other input costs arising from lack of imports has increased prices of the bulk containers—exemplified by price hike of steel drums by Greif, Inc, a key manufacturer in bulk chemicals packaging market. This could remain a limiting factor against the growing demand for bulk chemicals packaging in the coming years, further limiting the profitability for the manufacturers.
Elaborating on the trends projected to drive bulk chemicals packaging product innovations, the FMI analyst further adds, “Apart from dimensions and material customizations, manufactures, particularly in U.S have developed innovative barrier solutions with logistical and lifecycle benefits. The barrier technology is positioned to remain specifically critical for specialty chemicals, further protecting it from contamination. Another trend gaining traction is the RFID technology, for tracing and tracking IBCs emerge as an effective tool to save cost and enhance customer service. In addition, FMI research foresees paradigm shift from traditional sales pattern to e-commerce. Many bulk chemical packaging manufactures are opting for e-retail sales as a core market strategy”.
Bulk Chemical Packaging Market Showcases a Fragmented Landscape wherein smaller companies account for approximately 60 percent of the total market share, in terms of revenue. As per FMI’s analysis: Bargaining power of suppliers is estimated to remain high considering relatively less number of packaging manufacturers compared to specialty chemicals manufactures. Threat of substitutes will remain relatively low in the coming years, as IBCs and drums remain the most preferred products for bulk chemicals packaging.Although the landscape is relatively fragmented, portfolio restructuring by key companies with dominant presence in U.S has created a highly concentrated structure, further intensifying the competition in bulk chemicals packaging market.
FMI offers an in-depth analysis of the key companies in the bulk chemicals packaging landscape, while evaluation their key market strategies, product offerings, financial and pricing analysis, and recent developments. Some key companies profiled in the report include Greif, Inc., C.L.Smith Company, Schutz Container Systems, Inc., Mauser Group B.V., and Industrial Container Services (ICS) among others.
Report Overview @ https://www.futuremarketinsights.com/reports/industrial-bulk-chemical-packaging-market
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Contact UsU.S. Office
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bulk Chemical Packaging Market here
News-ID: 1482949 • Views: 525
More Releases from Future Market Insights
Ferrovanadium Market to Witness Robust Expansion throughout the Forecast 2018-20 …
Future Market Insights (FMI) analyses the global ferrovanadium market in its new publication titled “Ferrovanadium Market: Global Industry Analysis (2013 – 2017) & Opportunity Assessment (2018 – 2028)”. This study provides data for 2017 along with the forecast for the period (2018–2028). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights pertaining to various segments of the global ferrovanadium
Automotive Lighting Market is expected to grow at a CAGR of ~6% during the forec …
In a recent publication, Future Market Insights (FMI) provides a perspective on the growth trajectory of automotive lighting market for the period between 2019 and 2029. According to the study, worldwide sales of automotive lighting reached ~2 billion units, equating a value of ~US$ 36.5 billion in 2018. Gains remain driven by growing popularity of luxury cars and high purchasing power of middle class demographic in developing countries that increased the
Motorcycle Suspension System Market Size, Share, Industry Analysis, Future Growt …
Future Market Insights has released a new market study on "Motorcycle Suspension System Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028", which studies the global Motorcycle Suspension System market and offers deep dive analysis for the next ten years. The report evaluates all the key macro-economic factors projected to support the growth of the global as well as regional markets. The report on Motorcycle Suspension System also presents the
Clinical Trials Market Survey Report 2021 Along with Statistics, Forecasts till …
The study offers a long-term forecast of the clinical trials landscape for the period between 2019 and 2029. The clinical trials landscape is projected to record a 4.5% CAGR through 2029. Collaboration at Its Peak: Key Strategy of Manufacturers in Clinical Trials Market For reducing economic burden, many companies are planning to shift their focus towards on-core business activities, thereby outsourcing their clinical trials activities to the CROs (contract research organizations). This
More Releases for FMI
FMI Releases New Report on the Yeast Market 2014 - 2020
Yeast is one of the mostly and commonly used microorganisms in the manufacturing of food and beverages. Yeast is used in the process of fermentation for its abilities in aiding carbon - release, imparting better aroma, taste, texture, and flavor to food. Yeast is considered as the most consistent fermenting agent in spite of various other chemical fermentation agents available in the market. The global market for yeast is expected
Positive Displacement Pumps Market Strategies by FMI : (2016-2026)
With centrifugal pumps having a high volume-high growth market, compared to positive displacement pumps, their superior performance characteristics and extended scope of end-use applications makes them a preferred choice for pumping purposes. In terms of product costs, centrifugal pumps are relatively inexpensive as compared to positive displacement pumps. A latest report published by Future Market Insights also projects that in the years to come, the global sales of positive displacement
Temperature Controlled Packaging Solutions Market Analysis : FMI
While North America will continue to be the most attractive market, the temperature controlled packaging solutions market in Asia Pacific excluding Japan (APEJ) will witness steady gains. According to a comprehensive analysis on the global temperature controlled packaging solutions market by Future Market Insights, companies seeking thermally-regulated packaging solutions for unhampered delivery of their products will continue to opt for insulated containers, with chest-type containers accounting for significant demand. However, during
North America Fresh Meat Packaging Market Insights : FMI
Future Market Insights (FMI) delivers key insights on the North America fresh meat packaging market in its latest report, titled “Fresh Meat Packaging Market: North America Industry Analysis and Opportunity Assessment, 2016 - 2026.” In terms of revenue, the North America fresh meat packaging market is expected to expand at a CAGR of 2.2% over the forecast period (2016–2026), owing to numerous factors, about which FMI offers thorough insights and
FMI: Intraosseous Devices Market Revenue and Value Chain 2016-2026
Establishment of vascular access is required in case of medical emergency and life-threatening traumatic injuries for the delivery of medications and for fluid replacement, including crystalloids, blood, and blood products. The potential use of this technique called as, intraosseous infusion was established in 1920’s as a rapid, safe and effective method of vascular access through the bone marrow when intravenous attempt fails to establish vascular access. Historically intraosseous infusion (IO)
FMI: Ethanol Market Revenue and Value Chain 2015-2025
Ethanol is a compound which is manufactured by the fermentation of various biological materials such as wheat, corn, wood, barley and sugarcane. Corn and starch based crops are the most common materials used in ethanol production. This compound is miscible with water and most of the organic solvent. Ethanol is a very important element of various industries and used as a solvent for many substances. It is because of wide range