Cubitainer demand is anticipated to increase between 2022 and 2032 at a CAGR of 4.4%. The market for cubitainers is anticipated to reach a value of US$ 98.2 million in 2022 and expand to US$ 151.1 million in revenue by 2032.
Cubitainer sales are anticipated to increase along with rising per capita income and rising middle class disposable income, which encourages consumers to spend money on alcoholic and energetic beverages. Governments may, however, impose strict restrictions and regulations governing packing materials, which could impede the development of containers. On the other hand, it is projected that the container market will benefit greatly from high product-to-packaging ratios to reduce dead space and other developments in material technology.
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Cubitainer Market – Introduction
The cubitainer market is growing across the globe because of the preference of this type of packaging solutions for liquid products. Plastic cubitainer are lightweight, collapsible, stackable and 100% recyclable. Cubitainer is majorly manufactured from Low Density Polyethylene (LDPE). Cubitainer inflates when it is filled and deflates when it is empty. Cubitainer is absolute barriers to moisture, gases, odor, bacteria, and avoid the contamination of packed liquid food. Easy to fill and pour is one of the regions for gaining the popularity in the market for the use of cubitainer.
Cubitainer is a space saver solution for carrying liquid and semi-liquid that has lower shipping costs rather than standard plastic pails. Cubitainer is more durable than the alternative such as the bag in a box. Cubitainer is lightweight and space efficient solutions for remote locations where motorized vehicle transportation options are limited. The collapsible cubitainer is safe and economical method for carrying and storing potable water, cooking wines, mirin, shake, rice wine, liquid sauces, edible oil, millet wine, liquid sugar, soy sauce, rice flavored spirit vinegar and other liquid foods.
Cubitainer – Market Dynamics:
One of the significant factors contributing towards the growth of cubitainer market is expected in developing market owing to economic growth and increasing middle class with growing disposable income. Due to the change in the lifestyle pattern and growth in the per capital income people started investing money on alcoholic and energy drinks, it directly impacts the global cubitainer market.
The change in food habits with giving priority to the use of packed liquid food is a considerable factor for the growth of the cubitainer market. Another factor contributes in the growth of the cubitainer market are eco-friendly nature because it is completely recyclable, and reusable. Moreover, it is a flexible packaging solution for liquid, so it is also one of the reasons for the sustainable growth of the cubitainer market.
Cubitainer – Market Segmentation:
The cubitainer market can be segmented on the basis of material type, carrying capacity and end use type. On the basis of material type, cubitainer market can be segmented into polyethylene (PE). Polyethylene is sub-segmented into Low Density Polyethylene (LDPE), and High Density Polyethylene (HDPE). On the basis of carrying capacity, cubitainer market can be segmented into 1 Liter, 4 Liter (1 gallon), 10 Liter (2.5 gallons), 16 Liter (4 gallons) and 20 Liter (5 gallons). On the basis of end use type, cubitainer market can be segmented into the food and beverages industry, chemical industry, and pharmaceutical industry. The food and beverages industry can be further sub segmented into alcoholic drinks and energy drinks industry which includes packaging of wines, mirin, shake, liquid sugar and other liquid food.
Cubitainer market – Regional Outlook:
The cubitainer market can be segmented into North America, Latin America, Europe, Middle East, Africa and Asia Pacific. Eastern Asia is anticipated to be the largest market for the global cubitainer market, primarily driven by manufacturer preference towards cubitainer which acts as cost effective and efficient packaging tool for variety of liquid. Furthermore, North America followed by the Middle East is anticipated to be the second largest market for the cubitainer container.
The recent development in the global cubitainer market has shifted its production base to the east, especially in Asia, the emerging players from China, India and Middle East have started taking the market share in the cubitainer industry. The demand of the cubitainer market is expected to witness an above average growth due to increase in the demand for packed liquid food. The cubitainer market has tremendous growth in China because China is the biggest exporter of cubitainer container.
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Cubitainer market – Major Players:
Few of the major players identified across the globe in the cubitainer market are Changshun Plastic Co. Ltd., Zacros America Inc., ChangZhou HengQi Plastic Co. Ltd., The Cary Company, Changzhou Sanjie Plastic Products Co., Ltd., etc.
Regional analysis for Global Cubitainer Market includes
- North Cubitainer market
- US
- Canada
- Latin America Cubitainer market
- Argentina
- Mexico
- Brazil
- Rest of Latin America
- Western Europe Cubitainer market
- Germany
- France
- K.
- Spain
- Italy
- Nordic
- Benelux
- Rest of Western Europe
- Eastern Europe Cubitainer market
- Poland
- Russia
- Asia Pacific Cubitainer market
- Australia and New Zealand (A&NZ)
- China
- India
- ASEAN
- Rest of Asia Pacific
- Japan Cubitainer market
- Middle East and Africa Cubitainer market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Cubitainer – Market Segmentation:
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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