The global market for cubitainers to experience robust growth, expanding at 6.8% CAGR during 2017-2026. The global market for cubitainers is likely to reach US$ 150.0 million revenue by 2026 end.
Albany, NY -- (SBWIRE) -- 02/01/2018 -- This research report offers a comprehensive analysis of the "Cubitainers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2026" The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.
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Cubitainers are standalone containers that are flexible and easy-to-handle. Along with the significant performance, it also offers cost and environmental benefits for transport, storage and dispensing of liquids. Cubitainer is witnessing demand, on the back of factors like changing food habits, lifestyle pattern, cost-efficiency and its environmentally friendly nature as it is reusable and recyclable. Cubitainers are majorly being manufactured using Low Density Polyethylene (LDPE). Despite facing competition from polymers, LDPE is witnessing an increasing use as it is recyclable, available at low cost, and has moisture and chemical resistance. Also, cubitainers are compact when empty making it easy to transport to the remote sampling site. Collapsible cubitainers are also gaining traction in the market. As it is a liquid container that combines cardboard with the flexible plastic container and continues to lead due to a wide range of applications including food, industrial chemicals, pharmaceutical products, dairy products, etc.
A new report by Transparency Market Research (TMR) expects the global market for cubitainers to experience robust growth, expanding at 6.8% CAGR during 2017-2026. The global market for cubitainers is likely to reach US$ 150.0 million revenue by 2026 end.
Low Density Polyethylene (LDPE) to Emerge as the Highly Preferred Material
Compared to the High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE) is likely to witness significant growth between 2017 and 2026. Low Density Polyethylene (LDPE) is projected to generate revenue of more than US$ 100 million by 2026 end. Owing to the various advantages such as low cost, impact resistance, chemical and moisture resistance, and being readily processed by thermoplastic methods the LDPE is being used on a large scale in the manufacturing of cubitainers.
Cubitainers with 3 Liter Capacity to Witness the Highest Growth
Cubitainers with 3 liters of capacity is likely to be among the most preferred cubitainers. By 2026 end, cubitainers with 3 liter capacity is projected to surpass US$ 50 million revenue. 3 liter capacity of cubitainers are used on a large scale in various industries as they are easy to handle, ship and pour.
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Food & Beverage Industry to Emerge as the Largest Users of Cubitainers
Food & beverage industry is likely to emerge as one of the largest users of cubitainers. Witnessing a robust growth, food & beverage industry is likely to create an incremental opportunity of more than US$ 20 million between 2017 and 2026. In the food and beverage industry cubitainers are largely used by alcoholic drinks and energy drinks producers. It includes packaging of shake, liquid sugar, mirin, wines, and other liquid foods and beverages.
Europe to be the Largest Region in Terms of Value in the Global Market for Cubitainers
Europe is likely to be the largest region in the global market for cubitainers. The region is mainly driven by manufacturers preferring cubitainers especially for packaging various liquids. Meanwhile, North America and Asia Pacific Excluding Japan (APEJ) are also anticipated to grow significantly in the near future. China is likely to witness the highest growth, as it is the biggest exporter of cubitainer containers.
Changshun Plastic Co. Ltd, Zacros America, ChangZhou HengQi Plastic Co. Ltd, Changzhou Sanjie Plastic Products Co., Ltd, The Cary Company, Thermo Fisher Scientific, Quality Environmental Containers, Berlin Packaging, Avantor Performance Materials, Inc., and Cole-Parmer, are some of the prominent players operating in the global market for cubitainers.
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