Global Chemicals Packaging Market 2017-2021
About Chemicals Packaging
Chemical packaging is a systematic method of enclosing chemical products for storage, distribution, sale, and use. Packaging protects, preserves, and provides specific information and symbols about the chemical being stored and transported. Barcode and electronic data interchange are used on chemical packaging materials to track shipments of chemical products.
Technavio’s analysts forecast the global chemicals packaging market to grow at a CAGR of 3.14% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global chemicals packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of chemical packaging products to chemical and inorganic fertilizer industry.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Chemicals Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global chemicals packaging market: Amcor, Bemis, The Dow Chemical Company, DuPont and Mondi.
Other Prominent Vendors in the market are: Ardagh Group, Airlite Plastics, Champion Plastics, Emerald Packaging, Fabri-Kal, Georgia-Pacific, Gerresheimer, Graham Packaging, Huhtamaki, Innovia Films, Nampak, Owens-Illinois, Plastic Ingenuity, PolyOne Corporation, Sonoco and Smurfit-Stone Container.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is use of biodegradable alternatives. Container liners and packaging sacks are viable solutions for the bulk shipment of chemicals. Such packaging is usually made from polyethylene or polypropylene.”
According to the report, one driver in the market is globalization and international trade. There are two elements driving the global chemicals packaging market: innovative progression, which has reduced the cost of industrial transportation and the increase in the liberalization of trade, which has increased export and import activities. Many emerging economies such as China, Russia, Brazil, and India are changing their trade and investment policies.
Further, the report states that one challenge in the market is volatility in raw material prices. Fluctuations in the price of raw materials is a major challenge faced by vendors in the global chemicals packaging market. The widening of the demand-supply gap in the last few years has led to a substantial increase in the cost of raw materials. For instance, the price of wood has increased by 10%-15% between 2014-2016. The price of paper pulp is expected to rise during the forecast period, affecting the market.
Amcor, Bemis, The Dow Chemical Company, DuPont, Mondi, Ardagh Group, Airlite Plastics, Champion Plastics, Emerald Packaging, Fabri-Kal, Georgia-Pacific, Gerresheimer, Graham Packaging, Huhtamaki, Innovia Films, Nampak, Owens-Illinois, Plastic Ingenuity, PolyOne Corporation, Sonoco and Smurfit-Stone Container.
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