Press release
Hazmat Packaging Market is Estimated to Reach USD 15.86 Billion by 2030: Cognitive Market Research
Hazmat Packaging Market Overview:What is hazmat packaging?
Packaging is a significant factor for the industry as appropriate packaging warrants the protection and safety of the product through transportation. This is used for the storage, packaging, and transportation of hazardous products, which are explosive and flammable materials. In addition, hazmat packaging is effective in packaging these products, which the environment and any destruction to humans can be avoided. This is including various containers for harmful materials packaging like bottles, pails, IBCs, and drums.
Summary:
• As per the study of CMR, The Global Hazmat Packaging Market size was valued at USD 10.91 Billion in 2022 and is expected to grow at a CAGR Of 5.1 % during the forecast period, reaching USD 15.86 Billion by 2030.
• Based on product type, the drums segment has the largest revenue share in the hazmat packaging market.
• Based on material type, the plastics segment has the major revenue share in the hazmat packaging market.
• Based on the end-user industry, the chemical segment has the largest market share in the hazmat packaging market.
• Asia-Pacific has the largest revenue share in the hazmat packaging market.
To know more about The Hazmat Packaging Market statistics click here: https://www.cognitivemarketresearch.com/hazmat-packaging-market-report
Market Dynamics:
Hazmat Packaging Market Drivers:
Increasing demand for hazmat packaging for protective packaging material from the healthcare and oil & gas sectors is the key factor expected to drive the growth of the hazmat packaging market. In addition, increasing awareness of hazmat packaging about the safe transportation of harmful goods is likely to drive the growth of the hazmat packaging market.
Hazmat Packaging Market Opportunities:
Government rules and regulations for safety packaging are expected to create growth opportunities for the hazmat packaging market in the forecast period.
Hazmat Packaging Market Restraint:
Hazardous particles released during manufacturing are anticipated to hamper the growth of the hazmat packaging market in the forecast period.
Market Segmentation:
Product Type:
• Bottles
• Drums
• Pails
• Intermediate bulk containers (IBCs)
• Others
Based on product type, the drums segment has the largest revenue share in the hazmat packaging market. This is attributed to the increasing use of drums for the transportation and storage of hazardous and non-hazardous goods. In addition, increasing various end-use industries including pharmaceuticals, chemicals, and others likely to boost the demand for this segment.
Material Type:
• Corrugated
• Metal
• Plastics
Based on material type, the plastics segment has the major revenue share in the hazmat packaging market. This is due to the increasing demand for plastic hazmat packaging in the pharmaceuticals and healthcare sector. In addition, various features of plastic including impact resistance, strength, and stiffness are projected to drive the growth of this segment in the target market.
End-User:
• Oil and Gas
• Pharmaceuticals
• Chemicals
• Others
Based on the end-user industry, the chemical segment has the largest market share in the hazmat packaging market. This is owing to the increasing demand for hazmat packaging in chemical packaging expected to drive the demand for this segment.
Competitive Analysis of Hazmat Packaging Market: Greif, SIA Flexitanks, Hoover Ferguson Group, Schutz Container Systems, Mauser Group, HINRICH Industries, Thielmann US, Eagle Manufacturing, Patrick J. Kelly Drums, Clouds Drums Dubai, Sicagen India, Great Western Containers
Get free sample pages of the latest published Hazmat Packaging Market Report: https://www.cognitivemarketresearch.com/hazmat-packaging-market-report
Regional Analysis:
Asia-Pacific accounted for the largest share of the hazmat packaging market
Asia-Pacific has the largest revenue share in the hazmat packaging market. This is due to increasing manufacturing industries in Asian countries such as India, Vietnam, and China. In addition, increasing urbanization and population to the expansion of the automotive, chemical, and pharmaceutical industries in the region are anticipated to drive the demand for the target market in the region.
Hazmat Packaging Market Industry News:
Mauser Packaging Solutions has a complete acquisition with EuroVeneta Fusti
In September 2020, Mauser packaging solution has completed an acquisition with EuroVeneta Fusti in order to company expand its presence in Italy and expands steel drum packaging, current plastic industrial packaging, and readjustment offerings of IBC services in the Italian market.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global HAZMAT Packaging Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 HAZMAT Packaging Market Segmentation
1.5.1 HAZMAT Packaging Market Regional Fragmentation
1.5.1 HAZMAT Packaging Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of HAZMAT Packaging Market
• 3.1 Global HAZMAT Packaging Market Size 2018 - 2030, (USD Million)
• 3.2 Global HAZMAT Packaging Value, Absolute & Opportunity Analysis
• 3.3 Global HAZMAT Packaging Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global HAZMAT Packaging Market Statistics 2022: Snapshot
Chapter 4 Global HAZMAT Packaging Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global HAZMAT Packaging Market by Product Type Segmentation Analysis (2018-2030)
Chapter 10 Global HAZMAT Packaging Market by End-User Industry Segmentation Analysis (2018-2030)
Chapter 11 Global HAZMAT Packaging Market by Material Type Segmentation Analysis (2018-2030)
Chapter 12 Global HAZMAT Packaging Market Regional Analysis
Chapter 13 North America HAZMAT Packaging Market Outlook (2018 - 2030)
Chapter 14 Europe HAZMAT Packaging Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific HAZMAT Packaging Market Outlook (2018 - 2030)
Chapter 16 Latin America HAZMAT Packaging Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa HAZMAT Packaging Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Hazmat Packaging Market TOC click here: https://www.cognitivemarketresearch.com/hazmat-packaging-market-report#table_of_contents
Related Report:
• Retail Ready Packaging Market- https://www.cognitivemarketresearch.com/retail-ready-packaging-market-report
• Hazmat Labels Market- https://www.cognitivemarketresearch.com/hazmat-labels-market-report
• Aseptic Packaging Market- https://www.cognitivemarketresearch.com/aseptic-packaging-market-report
• Hazmat Suits Market- https://www.cognitivemarketresearch.com/hazmat-suits-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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