Global Chemical & Petroleum Containers Market: Overview
Chemical & petroleum containers include bottles, buckets, drums, cans, vials & ampoules, jars, and jerry cans. These packaging formats can be made of materials such as plastic, metal, glass, and steel.
Storing products and chemicals such as heating oil, diesel fuel, gasoline, acids, and bases in chemical & petroleum containers or in tanks, whether underground or above ground, raises concerns about leaks, spills, and overfills. Chemical & petroleum containers are made of Polyethylene (PE), Polyethylene Terephthalate (PET), tin-coated steel, and other metals. According to a study, chemical & petroleum containers made of PE showed reduction in the octane number of gasoline when stored for several months. Reduction in the octane number causes problems in the quality of products. The surface analysis of the PE storage chemical & petroleum containers kept indoors showed that the gasoline permeated into the surface of the containers. Thus, tin-coated steel chemical & petroleum containers are used for the storage of gasoline, as they are less affected by external influences as compared to PE. Chemical & petroleum containers and their foundations offer protection to their contents from all forms of internal & external wear, vibration, shock, corrosion, fire, heat, vacuum, and pressure, the failure of which is likely to result in personal or environmental damage. Chemical & petroleum containers are coated internally with coatings that are compatible with the substance stored. Hence, the global chemical & petroleum containers market is expected to witness significant growth in the Asia region due to urbanization and industrialization.
Global Chemical & Petroleum Containers Market: Overview
Packaging materials are required to contain and preserve materials, permit safe transportation, and serve as a means of informing end customers of the material characteristics of the contents. The supply chain for chemical & petroleum containers comprises raw material suppliers, transport providers, end-product manufacturers, packaging waste contractors, and recycling service providers. The growth of the chemical industry is contributing to the growth of the global chemical & petroleum containers market. The preference for plastic chemical & petroleum containers over metal due to their suitability of usage with chemicals and petroleum products is driving the chemical & petroleum containers market. Moreover, plastic chemical & petroleum containers are well-suited for intermodal transportation and can be shipped anywhere in the world without having to rely on any single given mode of transport. All chemical & petroleum containers must be clearly and correctly labelled so that people are aware of their contents and hazards. Various chemicals in liquid, solid, or gaseous forms are required by numerous manufacturing industries, which include food & beverages, agriculture, pharmaceuticals, textiles, etc. Furthermore, the demand for petroleum products for the manufacturing of grease, lubricants, and certain oils is expected to propel the chemical & petroleum containers market.
Global Chemical & Petroleum Containers Market: Segmentation
The global chemical & petroleum containers market is segmented on the basis of capacity into:
- Up to 5 Ltr.
- 5 Ltr. to 10 Ltr.
- 10 Ltr. to 15 Ltr.
- 15 Ltr. and Above
The global chemical & petroleum containers market is segmented on the basis of material type into:
The global chemical & petroleum containers market is segmented on the basis of product type into:
- Vials & Ampoules
- Jerry cans
The global chemical & petroleum containers market is segmented on the basis of content phase into:
The global chemical & petroleum containers market is segmented on the basis of application into:
- Consumer Chemicals
- Specialty Chemicals
- Basic Inorganic Chemicals
- Heating Oil
Global Chemical & Petroleum Containers Market: Regional Outlook
The US and Germany markets are expected to be characterized by a mature consumer base, and thus account for a major share of the global chemical & petroleum containers market throughout the forecast period. The chemical & petroleum containers market in countries, such as India, China, and Japan, is expected to experience significant growth due to rapid urbanization and industrialization. The Turkey and Israel chemical & petroleum containers markets are also expected to gain momentum over the forecast period due to the wide availability of oil and petroleum products. Germany, UK, Poland, and Spain are expected to witness a relatively slower growth rate as compared to Asian countries due to the presence of a mature chemical & petroleum containers market.
Global Chemical & Petroleum Containers Market: Key Manufacturers
- Berlin Packaging
- Chemical Containers, Inc.
- Industrial Container Services, LLC
- Schutz Container Systems
- Sonoco Product Company
- Fibrestar Drums Limited
- Berry Global Inc.
- Sealed Air Corporation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with chemical & petroleum containers market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.