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Global Hazmat Packaging Market to Expand as Suppliers Lay Emphasis on Safer Packaging Standards for Explosive Materials - Transparency Market Research

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Transparency Market Research

11 Jun, 2020, 10:30 GMT

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- The packaging industry has, time and again, made new leaps of advancement. The recent endorsement of Hazmat packaging by key industries has played an important role in improving the performance index of the packaging sector

- Use of Hazmat packaging in the healthcare and pharmaceutical industries has gained momentum with the outbreak of the novel coronavirus

ALBANY, New York, June 11, 2020 /PRNewswire/ -- There have been several improvements across the safety domain of industries and manufacturing units. Use of high-end packaging technologies has been the epicentre of advancements across the packaging sector. Several industries have shifted packaging technologies to the slab of the most useful domains and focus areas. This has been done to ensure safety, durability, and safe transportation of products and goods. The relevance of Hazmat packaging in the contemporary times cannot be undermined. Several industries are required to store and transport hazardous goods and substances. This necessitates the use of Hazmat packaging that can help in protecting reactive chemicals, fragile surfaces, and other materials. In light of these factors, the total value of the global Hazmat packaging market is set to reach unprecedented heights in the years to follow.

It is estimated that the global Hazmat packaging market would grow at a CAGR of 5.80% over the period between 2019 and 2027. The total worth of the global Hazmat packaging market was US$ 8.10 Billion in 2018, and is expected to reach new heights in the years to follow. Several industries have given their consent to the use of high-end packaging technologies, and this trend shall drive sales across the global market.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=59322

Transport of Hazardous Substances

Several industries are required to transport materials across large distances, creating fresh demand for Hazmat packaging. The transport of fuels, explosives, and reactive substances has caused an uptick in the demand for this form of packaging. Furthermore, use of corrugated boxes under Hazmat packaging has also created fresh revenues for growth within the global market. There has been an increase in revenues flowing into the Hazmat packaging market from the healthcare sector. This owes to the outbreak of the novel coronavirus across the globe. Manufacturing of Hazmat suites that can protect medical practitioners from contracting the virus from infected persons has played an integral role in market expansion.

The need for Hazmat packaging is not restricted to a particular industry. Several high-end industries such as automobiles, chemicals, and healthcare use this form of packaging to ensure safety of people and goods. Furthermore, Hazmat packaging has been tested across multiple research centers and organizations, each of them giving a seal of credibility to its performance. The aforementioned trends and dynamics suffice to prove that the global Hazmat packaging market is ascending along a lucrative pathway. Several researchers have also suggested the use of Hazmat packaging in new areas such as agriculture, farming, and horticulture. This trend could cause an uptick in the volume of Hazmat packaging units manufactured annually.

Gather core insights about the trends and dynamics pertaining to the Global Hazmat Packaging- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at: https://www.transparencymarketresearch.com/Hazmat-packaging-market.html

Global Hazmat Packaging Market: Growth Drivers

  • In the contemporary times, the total value of the global Hazmat packaging market has increased alongside advancements in petrochemical manufacturing.
  • The oil and gas industry has emerged as the largest consumer of Hazmat packaging, majorly due to the reactivity of oil fossils and oils.
  • Key industries such as pharmaceuticals, freight and logistics, and manufacturing have also become key consumers of Hazmat packaging in recent times.

Request COVID19 Impact on Hazmat Packaging Market at https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=59322

Global Hazmat Packaging Market: Key Companies

  • Eagle Manufacturing Company
  • Schutz Container Systems, Inc.
  • HINRICH Industries
  • Mauser Group B.V.
  • Thielmann US LLC

Global Hazmat Packaging Market: Segmentation

Product Type

  • Drums
  • IBCs
  • Flexitanks
  • Others

Material

  • Metal
  • Plastic

Class

  • Explosives
  • Gases
  • Flammable and Combustible Liquids
  • Flammable Solids
  • Miscellaneous

End Use

  • Chemical & Petrochemicals\
  • Oil & Gas
  • Freight and Logistics
  • Automotive
  • Others

Explore Transparency Market Research's award-winning coverage of the Global Packaging Industry:

Hydration Containers Market – The global hydration containers market is estimated to expand at a CAGR of ~ 6% during the forecast period of 2019–2027, owing to numerous factors, about which, TMR offers thorough insights and forecasts in the hydration containers market report. Increasing consumer preference towards the use of convenience products in emerging nations of Asia Pacific is boosting the demand for hydration containers.

Cosmetic and Perfume Glass Packaging Market – Transparency Market Research delivers key insights on the cosmetic and perfume glass packaging market, in its published report for the forecast period of 2019 - 2027. In terms of revenue, the global cosmetic and perfume glass packaging market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, about which, TMR offers thorough insights and forecasts in this report.

Envelope Paper Market – TMR delivers key insights for the envelope paper market in its published report, which includes global industry analysis, size, share, growth, trends, and forecast for 2019–2027. In terms of revenue, the global envelope paper market is projected to register a CAGR of ~2% during the forecast period, due to several factors, about which TMR offers detailed insights and forecast in its envelope paper market report.

Case Packers Market – Case packers are machines that perform operations such as pick and place, case erection, and case sealing. Case erection is the process in which box formations are done. In the pick and place process, products are picked up by automatic feeders or robotic arms. Robotic case packers can pick any asymmetrical-shaped products and place them at any desired destination. These advancements in technology are expected to drive the growth of the case packers market during the forecast period.

Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.

About Transparency Market Research             

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,           
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
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