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HAZMAT Packaging Market

HAZMAT Packaging Market<br>

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HAZMAT Packaging Market

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com COVID-19 Impact Tracker

  2. HAZMAT PACKAGING MARKET ANALYSIS HAZMAT Packaging Market, by Product Type (Drums & Cans, Cartons & Boxes, Industrial Bulk Containers, Flexi tanks, and Others), by Material (Plastics, Metals, and Corrugated Paper), by Hazardous Material Classification (Class 1, Class 2, Class 3, Class 4, Class 5, Class 6, Class 7, Class 8, and Class 9), by End-use Industry (Chemicals & Petrochemicals, Oil & Gas, Automobile, Pharmaceutical, Agriculture, and Others), and by Region (North America, South America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  3. Market- Drivers 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.

  4. 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.

  5. 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.

  6. 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.

  7. Market Taxonomy • On the basis of product type, the global HAZMAT packaging market is segmented into: • On the basis of material, the global HAZMAT packaging market is segmented into: • On the basis of hazardous material classification, the global HAZMAT packaging market is segmented into

  8. Request Sample Report • Download PDF Brochure • Request Customization • Talk to Analyst BUY NOW For Your Reference: https://www.coherentmarketinsights.com/ongoing-insight/hazmat-packaging-market-3001

  9. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

  10. Contact Us Mr. Shah Coherent Market Insights Private Ltd. Address: 1001 4th Ave, #3200 Seattle, WA 98154, U.S. Phone: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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