HAZMAT Packaging Market - Forecasts from 2019 to 2024

The global HAZMAT packaging market is estimated to grow at a CAGR of 3.33% to reach a market size of US$16.314 billion in 2024 from US$13.401 billion in 2018.HAZMAT packaging is also known as Hazardous Material Packaging. HAZMAT packaging is used for packaging of hazardous materials and products which need to be transported. The need and regulations by the government regrading safe packaging of hazardous materials and products is expected to drive the market. Further increasing manufacturing in developing countries owing to increased consumption and demand for products is expected to create opportunities for the HAZMAT packaging market. In addition, growing E-commerce industry is projected to increase the demand for Hazmat packaging. The key industries driving the Hazmat packaging market are logistics, pharmaceuticals, oil & gas and chemicals among others. Geographically, Asia-Pacific is expected to hold a significant share in the Hazmat packaging market owing to the increasing e-commerce industry in the region.

Drivers

Growing E-commerce industry.

Growing government regulations regarding safe packaging.

Restraints

Stringent government rules regarding plastic use.

INDUSTRY UPDATE
In November 2018, THIELMANN acquired CONTek IBC-Service GmbH with an aim to expand their service portfolio in different container sectors.

In June 2018, THIELMANN launched IBC ECO-LIGHT cylindrical container for the transport, storage and dispensing of high-density liquids.

The major players profiled in the HAZMAT packaging market include Hoover Ferguson Group Inc, Mauser Group B.V., Eagle Manufacturing Company, SIA Flexitanks, Fibrestar Drums, Patrick J. Kelly Drums, Balmer Lawrie & Co. Ltd., Greif Inc, THIELMANN - The Container Company, Milford Barrel Company, Peninsula Drums, Sicagen India Ltd., and SCHUTZ GmbH & Co. KGaA.

Segmentation

The HAZMAT packaging market has been analyzed through the following segments:

By Material Type

Plastic
Fibre
Metal

By Product

Drums
IBC Tanks
Others

By End-User

Pharmaceuticals
Oil & Gas
Logistics
Chemicals
Others

By Geography

North America
USA
Canada
Mexico
Others

South America
Brazil
Argentina
Others

Europe
Germany
France
United Kingdom
Spain
Others

Middle East and Africa
Saudi Arabia
Israel
Others

Asia Pacific
China
Japan
South Korea
India
Others