In today’s scenario, the problems encountered during the packaging process are categorized on a large scale with the help of Octavine. Because octatainers are stackable and can withstand the largest loads, the declining preference for large bags and metal containers is driving the demand for octatainers. Along with new entrants in the market, incumbent manufacturers are focusing on superior productivity and quality with the help of fully automated manufacturing technologies supported by robots.
Manufacturers are also stepping up their efforts to introduce triple and double wall corrugated boards of all sizes. There is a growing trend towards reusable and recyclable boxes.
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Leading manufacturers are offering cost-effective packaging solutions as an alternative to shipping products in small containers and sacks. This also helps reduce transportation and labor costs. Several companies are working to develop Octavine for robotic packaging lines and cool chain applications in frozen foods.
To expand their product portfolio, manufacturers are working to develop Octabine in a way that retains its transport proficiency, extension of shelf life and potential for product promotion. Benefits such as size flexibility, printing and production according to consumer demand help manufacturers optimize their entire supply chain and achieve significant cost savings. It is also environmentally friendly, and reduced load weight, carbon emissions and transportation costs are also factors driving the demand for octavene.
The report specifies that the revenue of the global octaves market will grow at a healthy 5.4% CAGR over the forecast period 2017-2026. The report also forecasts that global sales of Octavine will account for nearly US$467.4 million in revenue by the end of 2026.
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Basic discharge octavene to create opportunities for the global market in the coming years
The basic discharge octavin is very similar to the standard octavin, but the advantage of this product is that it maintains the basic discharge at the bottom of the box or container. Manufacturers are working to expand their product range for base discharge octavin as this product eliminates manual handling and is readily available off-the-shelf. Companies are also strategizing to advance octavene in such a way that octavene with a basic exhaust system is the perfect alternative to the flow barrel.
Food Industry Increases Octabine Use to Drive Production Sales
Octabine is considered a standardized large container and is used on a large scale in the food industry for the storage of vegetables and other dry products. The food industry makes the mandatory use of plastic pallets to lift the octavene. However, manufacturers’ preference is shifting to wooden pallets due to factors such as hygiene regulations and cost effectiveness. In addition to this, the use of octabine in all heavy machinery and light industries is growing at a rapid pace.
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Highlights of Octavine Market Report for Forecast Period 2017-2026
- In terms of revenue, APEJ will continue to be Octavine’s largest market, followed by North America.
- Depending on the product type, standard octavene is expected to remain significantly higher than the rest of the segment.
- The largest share of Octavine’s global market is in the food industry.
- Custom products will see the fastest growth during the review period.
Key market players blocked by the report include Quadwall, Europac, IBC International, DS Smith, Rondo Ganahl AG, International Paper, Mondi Group, and Smurfitt Kappa.
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About Future Market Insights Packaging
FMI’s Packaging Division provides in-depth historical analysis and detailed forecasts of the global packaging market. From packaging materials to designs and formats, FMI has an exhaustive market research database, providing unique offers and strategic recommendations to its clients. With a repository of more than 750 reports, the team comprehensively analyzed the packaging industry in more than 70 countries. The team evaluates every node in the value chain and provides end-to-end research and consulting services. Contact us to find out how we can help