Hazmat Packaging Market Global Opportunity Analysis and Industry Forecast, 2019-2027
                     Hazmat Packaging Market Global Opportunity Analysis and Industry Forecast, 2019-2027
HAZMAT packaging, also known as hazardous materials packaging is used for storage and 
transportation of hazardous substances. The process of packaging starts with classification of 
hazardous materials. The classification allows to identify what material is inside the container and 
its hazardous nature. The classification also helps to identify what kind of packaging is required for 
the material.
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Market Dynamics:
The growth of HAZMAT packaging market is attributed to growing need for safe and secure 
packaging for materials that require special handling. Moreover, non-compliance of shipping 
regulations for hazardous materials results in heavy penalty, therefore, end users prefer HAZMAT 
packaging that comply with shipping regulations. For instance, in the U.S. violation of hazardous 
transportation law can result in penalty of up to US$ 75,000 and if the violation of law results in 
death, severe injury, serious illness of any person, or destruction of property, the maximum penalty 
is US$ 1 75,000.
Market Outlook:
Among region, Asia Pacific is expected to witness highest growth rate in the market over the 
forecast period. This is owing to increasing industrialization and urbanization in the region, which 
has led to growth of various end-use industries. According to India Brand Equity Foundation 
(IBEF), India’s chemical industry was valued at US$ 147 billion in 2017 and is expected to grow at 
a rate of 15-20% to reach US$ 300 billion by 2025. Therefore, growth of various end-use industries 
is expected to drive the market growth of HAZMAT packaging in the region.
Key Market Players:
Major players operating in the global HAZMAT packaging market include Greif Inc., Hoover 
Ferguson Group, Inc., Mauser Group B.V., Eagle Manufacturing Company, Balmer Lawrie & Co. 
Ltd., Meyer Steel Drum, Inc., Hazmatpac, Inc., Air Sea Containers, Inc., Peninsula Drums, and 
Fibrestar Drums Limited.
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