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Chemicals Packaging Market Size

Report ID: GMI11922
Published Date: Oct 2024
Report Format: PDF

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Chemicals Packaging Market Size

The global chemicals packaging market was valued at USD 16.3 billion in 2023 and is estimated to grow at a CAGR of 3.9% from 2024 to 2032.

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The chemicals packaging industry is booming, driven by several factors. The push for sustainability is reshaping the industry as companies respond to stricter regulations and growing consumer demand for eco-friendly options. Governments and regulatory bodies around the world are increasingly implementing strict regulations aimed at reducing the environmental impact of industries, including the chemicals sector.

Chemical companies are now required to minimize their packaging waste and use recyclable or biodegradable materials, driving the shift toward sustainable packaging solutions. Many chemical companies are setting their own sustainability goals as part of their corporate social responsibility (CSR) initiatives. These companies are aiming to reduce their carbon footprint, minimize packaging waste, and adopt circular economy practices. By using recyclable, biodegradable, or compostable materials in their packaging, chemical companies are aligning with their environmental goals while reducing their dependency on virgin materials.

Chemicals Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Chemicals Packaging Market Size in 2023:	USD 16.3 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	3.9%
2024 – 2032 Value Projection:	USD 22.9 Billion
Historical Data for:	2021 - 2023
No. of Pages:	210
Tables, Charts & Figures:	260
Segments covered:	Material, Product, Application, Region
Growth Drivers:	Increasing demand for specialty chemicals Expansion of the e-commerce and logistics sector Rising safety regulations in chemical transportation and storage Rising Adoption of sustainable and eco-friendly packaging Increasing cross-border trade
Pitfalls & Challenges:	Material compatibility issues with corrosive or reactive chemicals Rising costs of specialized packaging materials

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Authors: Suraj Gujar , Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market size for chemicals packaging was valued at USD 16.3 billion in 2023 and is expected to reach USD 22.9 billion by 2032, driven by a CAGR of 3.9% from 2024 to 2032.

Plastics held a market share of over 40% in 2023, due to their versatility, cost-effectiveness, and durability.

North America held a significant share of over 25% in the global market in 2023, driven by the U.S.'s vast chemical production, strong manufacturing base, and stringent safety regulations.

Major players in the industry include Advanced Industries Packaging, CDF, Champion Plastics, Codefine, DS Smith, Fres-co, Hoover CS, ILC Dover, and Kaufman Container.