Global Chemicals Packaging Market 2017-2021

Overview of the global chemicals packaging market

According to Technavio’s market research report, the global chemicals packaging market will grow at a steady rate and post a CAGR of more than 3% during the forecast period. The growing demand for fixed intermediate bulk container (FIBC) will drive the growth prospects for the global chemicals packaging market during the projected period. FIBCs can handle more weight at a time and can be loaded using a vehicle in a very less amount of time in comparison to packaging sacks. This will increase the popularity of FIBCs over other chemical storage materials driving the growth rate of the global chemicals packaging market. Since FIBC is highly considered as an optimized cost-saving packaging solution and comes in various shapes and sizes to facilitate various specific requirements, they are increasingly used in many industries. Also, since they exhibit chemical inertness, high stacking potential, and show compliance with the statutory regulations, they are more rugged and are much safer to use.

One of the major trends that will stimulate the growth of the chemicals packaging market in the coming years is the growing demand for high-barrier packaging sacks. These moisture barrier bags and sacks are extensively used in the food packaging and chemical industries for packaging purposes because they provide better protection against moisture and oxygen and longer shelf life, which in turn, will boost the acceptance of chemicals packaging materials across various end user industries.

Competitive landscape and key vendors