Global Cubitainers Market to Reach a Valuation of Nearly US$ 150 Mn by 2026
A new insightful study titled “Cubitainers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026” has recently been added to the repository of Market Research Reports Search Engine (MRRSE). The report projects the global cubitainers market to grow at 6.8% CAGR during the assessment period. In terms of revenues, the global market is estimated to reach a valuation of US$ 150 Mn by 2026.
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According to the report, the global demand for cubitainers is impacted by a range of macroeconomic and microeconomic factors. On a macroeconomic scale, improving economic scenario, combined with rising disposable income are the key factors that are promoting the growth of the market. On an industry-specific scale, growth in e-commerce sector, combined with shift towards effective and high-quality packaging are driving market growth.
The report opines that manufacturers are experimenting with various techniques, such as anti-drop cubitainers, to ensure their products are not damaged during transit. A key trend witnessed in the global cubitainers market is the growing adoption of low-density polyethylene (LDPE) cubitainers. Customization is also gaining traction among manufacturers, as customization is being integrated as a brand communication and marketing strategy.
The study divides the global cubitainers market into various segments and sub-segments for detailed analysis and these segments are capacity, end users, material type and region. On the basis of capacity segment, the global market is sub-segmented into 1 liter, 3 liters, 10 liters, 16 liters and 20 liters. The end users segment is categorized into pharmaceutical industry, chemical industry and food & beverage industry. By material type, the global market is bifurcated into high density polyethylene and low density polyethylene. Region wise, the report divides the global market into key regions which are North America, Latin America, Europe, Asia Pacific Excluding Japan, Middle East and Africa and Japan.
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According to the report, Europe will continue to be a leading market for cubitainers during the assessment period. The strong preference for cubitainers as an effective packaging type for liquids is likely to provide an impetus to the growth of the Europe cubitainers market during the assessment period. The leading manufacturers in the market are focusing on incorporating latest technologies in cubitainers during the assessment period.
The report details the product and business strategies of some of the leading players in the global cubitainers market. Some of the companies profiled in the report are Zacros America, ChangZhou HengQi Plastic Co. Ltd¸ Changzhou Sanjie Plastic Products Co., Ltd, Avantor Performance Materials, Inc., Cole-Parmer, Changshun Plastic Co. Ltd, The Cary Company, Thermo Fisher Scientific, Quality Environmental Containers and Berlin Packaging.
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