Future Market Insights (FMI) delivers key insights on the global bulk chemical packaging market in its published report titled “Bulk Chemical Packaging Market: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2027”.
In terms of revenue, the global bulk chemical packaging market is estimated to grow at a CAGR of 6.8% during the forecast period, owing to numerous factors on which FMI sheds light in the bulk chemical packaging market report. The Asia Pacific bulk chemical packaging market is expected to remain in the leading position during the forecast period. Industrial bulk chemical packaging includes intermediate bulk containers (IBC), flexitanks, and drums.
The global bulk chemical packaging market is experiencing growth due to an increase in demand from end-use applications such as consumer chemicals, specialty chemicals, basic inorganic chemicals, and polymers & petrochemicals.
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In this report, FMI has discussed individual strategies followed by the recent developments in the bulk chemical packaging product segments. FMI suggests that the growth in intercontinental trade of industrial chemicals is fuelling the demand for bulk chemical packaging. Adoption of industrial drums and IBCs as packaging solutions for industrial chemicals has increased particularly in the United States & China. Out of several product types, the drums segment is expected to witness maximum use of bulk chemical packaging. FMI study analyses the bulk chemical packaging market in several regions and focuses on the key dynamics affecting the bulk chemical packaging market globally.
Regional Outlook of the Global Bulk Chemical Packaging Market
The North American bulk chemical packaging market report includes a country-level analysis of the U.S. and Canadian markets. The U.S. bulk chemical packaging market is expected to dominate the regional market throughout the forecast period. The Latin American bulk chemical packaging market includes a country-level analysis of Brazil, Mexico, and Rest of Latin America. Brazil is expected to witness fast-paced growth, while Rest of Latin America is expected to be a prominent bulk chemical packaging market in terms of market value during the forecast period.
In the European bulk chemical packaging market analysis, prominent countries such as Germany, the U.K., Spain, France, Italy, and Rest of Europe are analyzed. The bulk chemical packaging market in France is projected to grow at the highest CAGR among the countries in the European region. Germany and Italy are expected to be highly attractive bulk chemical packaging markets in terms of market value share.
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The Asia Pacific Excluding Japan (APEJ) bulk chemical packaging market includes a country-level analysis of China, India, Malaysia, Singapore, Australia, and Rest of APEJ. The Middle Eastern & African bulk chemical packaging market includes a country-level analysis of the GCC countries, South Africa, Israel, and Rest of MEA. In the MEA bulk chemical packaging market, South Africa is projected to expand at the highest CAGR during the forecast period while the GCC countries segment is the largest marketplace of bulk chemical packaging throughout the forecast period.
The manufacturers of bulk chemical packaging are likely to eye the lucrative regions of the Asia Pacific as well as the Middle East & African regions in the coming years. Growing demand from the chemical industry is the key driver for the growth of the global bulk chemical packaging market. The Asia Pacific Excluding Japan (APEJ) bulk chemical packaging market is expected to create the highest incremental $ opportunity during the forecast period and is expected to grow at a significant pace in the coming years. Revenue from the bulk chemical packaging market in North America is estimated to account for over 20.5% of the global bulk chemical packaging market revenue in 2018.
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Key Players in the Global Bulk Chemical Packaging Market
Key players considered in this report on global bulk chemical packaging market include Grief Inc., C.L.Smith Company, Schutz Container Systems, Inc., Mauser Group B.V. Industrial Container Services (ICS), Sonoco Product Company , Three Rivers Packaging Inc., TPL Plastech Ltd., Milford Barrel Co. Inc., Enviro-Pak Inc., Orlando Drum & Container Corporation, Fibrestar Drums Limited, Great Western Containers Inc., Patrick J. Kelly Drums, Inc., International Paper Company, Berry Global Inc., Sealed Air Corporation, DS Smith Plc., Hoover Ferguson Group, and Synder Industries Inc.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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