Inorganic Chemical Packaging Market, By Product Type (Drums, Intermediate Bulk Containers (IBC), Flexitanks),registering a CAGR of 4.80%,Trends

Inorganic chemical packaging is used to transport and store inorganic compounds' liquids. These are mainly used for the transportation of hazardous chemicals in which comprise flammable and combustible liquids. Accessories such as different types of locks, lids, caps and closures and pallets are used for effective usage of inorganic chemical packaging solutions, consequently, making it suitable and easy to handle for logistical partners coupled with end-user industries.

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In past few years, manufacturing industries comprising original equipment manufacturers and numerous types of value-added services providers have seen an increase in demand for cosmetics, food and beverages and pharmaceutical products which eventually increase the demand for the inorganic chemical compounds. Moreover, "intermediate bulk containers" is expected to be the fastest growing product type segment during the forecast period due to the strength and durability mainly needed for simple handling of inorganic chemicals.

Data Bridge Market Research analyses that the inorganic chemical packaging market is expected to reach USD 4734.92 million by 2030, which is USD 3254.04 million in 2022, registering a CAGR of 4.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.     

Some of the major players operating in the inorganic chemical packaging market are:

Amcor Plc (Switzerland)

LC Packaging (Ireland)

ILC Dover LP (U.S.)

Brambles Ltd (Australia)

Arena Products Inc, (U.S.)

Qingdao LAF Packaging Co., Ltd. (China)

CDF Corporation (U.S.)

Nittel (Germany)

Qbig Packaging (Netherlands)

Zasfa Composite Containers Pvt Ltd (India)

Peak Liquid Packaging (U.S.)

TPS Rental Systems Ltd IBC Containers (U.K.)

HOYER GmbH (Germany)

CHEP (Australia)

Berry Global Inc. (U.S.)

Bulk Lift International, LLC (U.S.)

Conitex Sonoco (U.S.)

Greif (U.S.)

Mondi (U.K.)

BWAY Corporation (U.S.)

Opportunities

Surging demand for safe packaging solutions

Innovation has mainly driven packaging industry and always comes up with more efficient packaging solutions than the traditional substitutes. In last few years, the demand for safe packaging solutions has augmented, particularly designed for shipping high-value goods. Innovative bulk packaging solutions industrialized for safe packaging of harmful inorganic chemicals, such as intermediate bulk containers which are made to deal with wide range of applications. Rigid intermediate bulk containers are designed for both granulated and liquid and forms of inorganic chemicals. Moreover, Manufacturers and exporters are using high-quality packaging for the Inorganic chemicals, for risk-free shipment of chemicals. Therefore, surging demand for safe packaging solutions for the inorganic chemical is anticipated to drive the market growth rate during the forecast period.

Global Inorganic Chemical Packaging Market Scope

The inorganic chemical packaging market is segmented on the basis product type, capacity type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Drums

Intermediate Bulk Containers (IBC)

Flexitanks

 Capacity Type

100-250 Liters

250-500 Liters

Over 500 Liters

 Application

Polymers

Specialty Chemicals

Consumer Chemicals

Petrochemicals

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