Hobbocks Market is mainly driven by robust growth in the pharmaceutical and chemical industry sectors

Albany, NY -- (SBWire) -- 05/15/2018 --Over the past few decades, packaging manufacturers are not only evolving in terms of quality and quantity of goods produced but also witnessing dynamic shift in terms of packaging, storage and distribution and many more. The global packaging industry has undergone significant transformation in the last two decades, setting high standards for product quality and integrity year on year. Industries such as chemical, pharmaceuticals, food & beverage are constantly focusing on strengthening the supply chain capability in order to deal with the increase demand. For transporting heavy goods such as building materials and chemical products, hobbocks are one of the ideal choices, which are preferred by consumers.

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Robust design of hobbocks ensures the safety of the product as well as minimizes the risk of damage during transportation. The rubber lid along with the seal, ensures a high degree of sealability and storage stability. On the basis of material, the global hobbocks market can be classified into tin and plastic. Plastic is further sub segmented into HDPE, PP and PE. On the basis of end use industry, the global hobbocks market can be categorized into chemical industry, pharmaceutical industry, and automotive industry, among others. On the basis of product type, the global hobbocks market can be segmented as cylindrical hobbock and conical hobbock.

Global Hobbocks Market: Research Methodology

For market sizing, in depth secondary research is used to arrive at overall market size, top industry players, top products and industry associations. Data validation of hobbocks market is done through triangulation method, covering data points from exhaustive primary and secondary research. The list of industry players (manufacturers), distributors, retailers and industry experts has been developed.

Global Hobbocks Market: Dynamics

Robust growth in the pharmaceutical and chemical industry sectors is anticipated to drive the growing demand for hobbocks. Hobbocks finds the major application in the chemical and automobile sector due to their attractive attributes. Furthermore, the growing petrochemical industry is expected to fuel the demand of the global hobbocks market. Growing demand in end use applications such as in chemical industry, automobile and pharmaceutical industry is anticipated to create significant opportunities of the global hobbocks market. Continued R&D innovations by the chemical manufacturers is creating the new application in the chemical industry which ultimately leads to rise in demand of the global hobbocks market. There are several other factors which lead to increase in demand of the hobbocks such as perfect for high volume packaging, easy to open and close, minimize risk damage during transportation and tamper evidence, among others.

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Global Hobbocks Market: Segmentation

On the basis of material, the global hobbocks market has been segmented as:

Tin
Plastic
High Density Polyethylene (HDPE)
Polypropylene (PP)
Polyethylene (PET)
Aluminum

On the basis of capacity, the global hobbocks market has been segmented as:

5 Litre - 20 Litre
20 Litre - 30 Litre
30 Litre - 50 Litre
Above 50 Litre

On the basis of end use industry, the global hobbocks market has been segmented as:

Food & Beverage Industry
Pharmaceutical Industry
Chemical Industry
Automotive Industry
Others