Comprehensive Report on the Dangerous Goods Bag Market: Opportunities and Challenges
This study helps professionals make sense of complex market trends and competitive shifts affecting the dangerous goods bag industry today.
What Is The Expected CAGR For The Dangerous Goods Bag Market Through 2025?
The dangerous goods bag market size has grown strongly in recent years. It will grow from $2.56 billion in 2024 to $2.81 billion in 2025 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to increasing global trade of hazardous materials, rising regulatory compliance requirements, growing awareness of environmental safety, increasing demand for secure transportation and rising incidents of hazardous material spills.
The dangerous goods bag market size is expected to see strong growth in the next few years. It will grow to $4.05 billion in 2029 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to growing need for eco-friendly packaging, increasing adoption of recycled materials, expansion of industrial manufacturing sectors, rising government initiatives for sustainability and growing demand for lightweight and durable packaging. Major trends in the forecast period include technological advancements in sustainable materials, developments in smart packaging solutions, increasing investment in research and development, innovation in recycling processes and adoption of digital tracking and monitoring technologies.
Get your free sample today:
Dangerous Goods Bag Market Size, Forecast Report, 2034 Sample
Which Key Factors Will Influence Dangerous Goods Bag Market Growth Over 2025-2034?
The increasing transportation of hazardous materials is expected to propel the growth of the dangerous goods bag market going forward. Hazardous materials refer to substances that pose a risk to health, safety, property, or the environment due to their chemical, physical, or biological properties. The increasing transportation of hazardous materials is primarily due to the growing demand for chemicals, as the expansion of industries requires more chemical products to be moved safely across regions. Dangerous goods bags support the safe transportation of hazardous materials by providing compliant and secure containment, minimizing the risk of leaks or contamination. They enhance safety across logistics operations, ensuring protection for people, property, and the environment. For instance, in December 2024, according to the Central Pollution Control Board, an India-based statutory organization, the import of hazardous wastes rose to 5,74,169 metric tonnes (MT) in 2022–23, up from 3,27,742 metric tonnes (MT) in 2021–22. Therefore, the increasing transportation of hazardous materials is driving the growth of the dangerous goods bag market.
Comprehensive Segment-Wise Insights Into The Dangerous Goods Bag Market
The dangerous goods bag market covered in this report is segmented –
1) By Product Type: Single-Use Bags, Reusable Bags
2) By Type Of Goods: Explosives, Flammable Liquids, Flammable Solids, Oxidizing Substances, Radioactive Materials, Toxic And Infectious Substances, Corrosive Substances, Miscellaneous Dangerous Goods
3) By Application Industry: Aerospace, Chemical Manufacturing, Pharmaceuticals, Logistics And Transportation, Construction, Automotive, Food And Beverage
4) By Distribution Channel: Online Stores, Specialty Stores, Supermarkets Or Hypermarkets, Other Distribution Channels
5) By End-User: Manufacturers, Distributors, Retailers, Government And Regulatory Agencies, Waste Management Companies
Subsegments:
1) By Single-Use Bags: Polyethylene (PE) Bags, Polypropylene (PP) Bags, Laminated Bags, Paper-Based Bags, Aluminum Foil Bags, Biodegradable Bags
2) By Reusable Bags: Flexible Intermediate Bulk Containers, Woven Polypropylene Bags, Nylon Bags, Polyvinyl Chloride (PVC)-Coated Fabric Bags, Canvas Bags, Composite Material Bags
What Are The Key Trends Shaping The Dangerous Goods Bag Industry?
Major companies operating in the dangerous goods bag market are focusing on developing sustainable solutions, such as recycled containers, to reduce environmental impact and comply with stricter regulations. Recycled containers refer to containers made wholly or partly from recovered materials that have been processed and reused, helping reduce waste and environmental impact by minimizing the need for virgin raw materials. For instance, in October 2023, Berry Global Group Inc., a US-based plastic packaging manufacturing company, launched 20- and 25-liter optimum containers made with 35% recycled high-density polyethylene (rHDPE). These containers feature UN approval for transporting various hazardous liquids, enhanced chemical resistance, and compliance with upcoming recycled content regulations. The 20- and 25-liter optimum containers provide a sustainable option for safe packaging and transportation of dangerous goods while supporting circular economy goals.
Analysis Of Key Players In Dangerous Goods Bag Market
Major Companies operating in the dangerous goods bag market are Klingele Paper & Packaging Group, Nefab Group, Trident Safety Group, Berlin Packaging, K-Packing, Dangerous Goods International (DGI), Viking Packing Specialist, Gravis, Airpack Systems, Checker Bag Company, Bulk Corp International, Palmetto Industries, Global-Pak Inc., Air Sea Containers, RDA Bulk Packaging India Pvt. Ltd., DG Packaging Co. Ltd., FIBC-Silvassa, Midwestern Bag & Supply, Southern Packaging LP, Top Line Bags
View the full dangerous goods bag market report here:
Dangerous Goods Bag Market Size, Forecast Report, 2034
What Are The Key Regional Trends In The Dangerous Goods Bag Market?
North America was the largest region in the dangerous goods bag market in 2024. The regions covered in the dangerous goods bag market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Contact Us:
The Business Research Company
Market Research Reports
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: info@tbrc.info
Follow Us On:
LinkedIn: The Business Research Company | LinkedIn
Comments
Post a Comment