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Chemicals Packaging Market Trends

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

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Chemicals Packaging Market Trends

Smart packaging technologies are being integrated into chemicals packaging to improve traceability, monitoring, and supply chain transparency. Technologies such as RFID (Radio-Frequency Identification) tags, IoT (Internet of Things) sensors, and QR codes allow companies to monitor the condition, location, and usage of chemicals in real-time. These technologies can help reduce risks associated with improper storage or transportation and ensure the chemicals' safety and integrity. Moreover, given the potentially hazardous nature of chemicals, tamper-evident and anti-counterfeit packaging solutions are becoming more important in this market. Companies are incorporating features like security seals, holograms, and specialized barcodes to ensure that chemical products are not tampered with or counterfeited. These solutions help companies maintain product integrity, enhance brand protection, and comply with safety standards.

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.