Sarasota, FL -- (SBWire) -- 03/30/2019 --Global Bulk Chemical Packaging Market: Overview

Flourishing manufacturing sector is subsequently creating demand for bulk chemical packaging. There is a strong co-correlation between industrial output and demand for industrial packaging. Stabilized manufacturing sector output has enhanced the demand for bulk chemical packaging.

Global Bulk Chemical Packaging Market: Growth Factors

Massive acceptance of bulk chemical packaging solutions in consumer chemicals, inorganic chemicals, polymers & petrochemicals, and specialty chemicals is likely to create lucrative demand for bulk chemical packaging market over the years ahead. Furthermore, escalating product demand in healthcare, construction, food processing, and automotive sectors will further promote the growth of bulk chemical packaging market.

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Additionally, oscillating raw material costs have led to an increase in the prices of bulk containers. Moreover, the lack of imports is limiting the supply of raw materials, resulting in delayed deliveries, and increasing raw material prices. As a result, the profitability of the bulk chemical packaging manufacturers gets restricted, thereby resulting in obstruction in the growth of bulk chemical packaging market. Nevertheless, increase in intercontinental trade of industrial chemicals is fuelling the demand for bulk chemical packaging across the globe. Rapid acceptance of intermediate bulk containers, flexitanks, and drums in the countries such as the U.S. and China will chart a profitable growth trajectory for the bulk chemical packaging market over the forthcoming years.

Global Bulk Chemical Packaging Market: Segmentation

The global bulk chemical packaging market can be classified into product type, capacity type, and end-use packaging applications. Based on the product type, the market is sectored into drums, intermediate bulk containers (IBC), and flexitanks. On the basis of capacity type, the bulk chemical packaging market is classified into 100-250 liters, 250-500 liters, and over 500 liters. Based on the end-use packaging, the market is divided into consumer chemicals, polymers, specialty chemicals, polymers, basic inorganic chemicals, and petrochemicals.

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Global Bulk Chemical Packaging Market: Regional Analysis

Based on regions, the global bulk chemical packaging market can be divided into five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. With massive demand for bulk chemical packaging in the countries such as the U.S., the bulk chemical packaging market in North America is anticipated to dominate the overall business growth in the near future. Latin American market is projected to contribute notably towards the global bulk chemical packaging market revenue over the assessment period, subject to growing acceptance of the bulk chemical packaging in countries such as Brazil. Germany and Italy are anticipated to be the key contributors of the European bulk chemical packaging market in the years ahead and will sketch and design a profitable growth chart for the bulk chemical packaging market in the region.

Asia Pacific and the Middle East and Africa are predicted to offer lucrative business growth opportunities for the manufacturers. These regions are predicted to unleash untapped & unexplored market potential for the manufacturers, thereby generating immense growth prospects for the bulk chemical packaging market.

Global Bulk Chemical Packaging Market: Competitive Players

Some of key players in bulk chemical packaging market are 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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Global Bulk Chemical Packaging Market: Regional Segment Analysis

North America
The U.S.
Europe
The UK
France
Germany
The Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa