HAZMAT packaging refers to the packaging of hazardous materials that are capable of posing risk to health, safety, or property during transportation. HAZMAT packaging has emerged as an efficient way to protect environment from hazardous chemicals. The scope of this report includes primary packaging of hazardous materials and includes packaging of products through drums, flexitanks, industrial bulk containers, etc.

The packaging done with corrugated boxes is a part of secondary packaging. HAZMAT packaging is usually meant for the storage and transportation of hazardous substances across the border. Shipping of such materials is not only dangerous but also requires adherence to the guidelines and regulations set by organizations such as U.S.DOT, IMO, IATA, and ICAO etc.

There are nine classes defined under HAZMAT packaging. These include explosives, gases, flammable liquids & solids, oxidizing substances, corrosives, toxic & infectious substances, etc. HAZMAT packaging solutions are designed to protect the cargo from explosions or leakage. The basic shipment description required for HAZMAT packaging consists of shipping name, hazardous material classification, identification number, and the packing group respectively. Labelling & marking are the two primary constituents that play a vital role in the HAZMAT packaging market. Improper HAZMAT packaging results in severe injuries or loss of human life as well as damage to the environment. Controlling exposure to occupational hazards is the fundamental method of protecting workers, in case any hazmat incident occurs.

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The Need for Safe and Secure Packaging Solutions is Impelling the Demand for Hazmat Packaging

The growth of HAZMAT packaging is mainly driven by the need for safe and secure packaging solutions. Spilling and snapping of cases can be minimalized by using HAZMAT packaging. HAZMAT packaging is reliable as it ensures the safety of crude during transportation by rail or other methods.

Moreover, manufacturers and retailers find it difficult to get their products to the market efficiently. HAZMAT packaging plays a crucial role here. Also, many packaging manufacturers are opting for e-retail as a means to not only increase their sales, but also to maintain a competitive edge over other market players which, in turn, increases the demand for HAZMAT packaging.

A number of primary and secondary sources were consulted during the course of the study on the HAZMAT packaging market. Secondary sources for data on HAZMAT packaging trade include company annual reports & publications.

The global HAZMAT packaging market report begins with an executive summary intended to give a clear perspective about the market to the reader. It is then followed by a thorough definition of HAZMAT packaging and the market segmentation describing the scope of the study. This is to outline the significance of HAZMAT packaging as a product, and the impact of their market growth on the industry.

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The Porter’s Analysis section ensures a thorough understanding of the level of competition in the HAZMAT packaging market. Porter’s Analysis for the global HAZMAT packaging market has been covered for bargaining power of suppliers and buyers, threat of substitutes and new entrants, and the intensity of competition. This is followed by market dynamics and an overview of the global HAZMAT packaging market, which includes TMR analysis of market drivers, restraints, trends, and opportunities that are affecting the growth of the HAZMAT packaging market.

On the basis of product, the HAZMAT packaging market study includes drums, industrial bulk containers (IBCs), and flexitanks & other segments. Of these, HAZMAT packaging of the drums segment accounts for the major share of the global HAZMAT packaging market. This is primarily due to the cost effectiveness offered by the drums as compared to IBC and other bulk containers.