Cubitainers Market is expanding at 6.8% CAGR during 2017-2026 which is likely to reach US$ 150.0 million revenue by 2026 end
Albany, NY -- (SBWIRE) -- 06/13/2018 -- Cubitainers refers to the most suitable solution of packaging, particularly for various types of liquid products. Being extensively utilized for the purpose of manufacturing, makers of cubitainers are emphasizing on many different features like anti-drop and anti-pressure, different size and shapes, suitability with various types of liquids, ability to fold, and improved toughness. LDPE or Low-Density Polyethylene cubitainers are gaining traction across the globe as it is a space efficient and lightweight solution. Furthermore, the feature of space saving would enable cubitainers to fit in more stuff in warehouse and transportation. The cubitainers can also be very highly customizable, as makers of cubitainers can tailor-made the size and shape of cubitainers as per the requirement of the end use industry.
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A few of the prominent market players that are operating in the world market for cubitainers are The Cary Company, Berlin Packaging, Zacros America, Avantor Performance Materials, Inc., Changshun Plastic Co. Ltd, Changzhou Sanjie Plastic Products Co., Ltd, Quality Environmental Containers, ChangZhou HengQi Plastic Co. Ltd, Thermo Fisher Scientific, and Cole-Parmer.
In accordance with a new market intelligence study by Transparency Market Research (TMR), it has been anticipated that the international market for cubitainers is likely to witness sound growth, rising at growth rate of 6.8% CAGR over the period of forecast that extends from the year 2017 to 2026. The world market for cubitainers is expected to reach a market valuation of around US$ 150.0 mn in revenue by the end of the year 2026.
Europe to Dominate the Market throughout the Forecast Period
The world market for cubitainers has been segmented into major geographies of North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Amongst all of these regions that has been included in the said report, Europe is foreseen to surface as the leading region over the period of forecast. Rising number of producers and manufacturers that hail from various industries opt for cubitainers as an effective form of packaging tool over various other prevailing packaging types as it is not only eco friendly but also cost-effective. This is one of the growth promoting factors that is driving the growth of the said market Europe.
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In addition to that, the demand for packed liquid food is soaring and as such it is also propelling the growth of the said market in the region. Existence of leading manufacturers of cubitainers in the region of Europe is also contributing towards the growth of cubitainers market in numerous European nations.
Low Cost of LDPE to Stimulate Market Growth
In accordance to an analysis by TMR researcher, Low Density Polyethylene (LDPE) as compared to the High Density Polyethylene (HDPE) is expected to experience substantial growth between the years 2017 and 2026. The said segment is surging ahead due to the various benefits like chemical and moisture resistance, impact resistance, and low cost. It is further estimated that the segment of food & beverage will emerge as one of the leading users of cubitainers. In the industry of food and beverage, cubitainers are mostly utilized for the purpose of energy drinks and alcoholic drinks producers. It comprises packaging of various liquids like mirin, liquid sugar, wines,shake, and various other types of beverages and liquid foods.