Cubitainers Market - Forecast From 2019 To 2024

Description

Global cubitainers market is expected to grow at a compound annual growth rate of XX% over the period 2019 to 2024 to reach a market size of US$XX billion by 2024 from US$XX billion in 2018. Simultaneously, the estimated volume of cubitainers is expected to increase from XX metric tonnes in 2018 to XX metric tonnes in 2024. Cubitainers are plastic made bladders or semi rigid cubes which are used for packaging, storing and transporting of liquid products. It protects the liquid product from gases and bacteria and prevents contamination. Growing demand from chemical and pharmaceutical industry owing to the safe and anti-contamination property of cubitainer is a key factor expected to drive the market. Further, increasing preference for eco-friendly packaging is also anticipated to boost the market growth for cubitainers. Additionally, the rising food & beverage industry is also expected to fuel the market growth during the forecast period. Key industries driving the market for cubitainers are pharmaceuticals, chemicals and food & beverage.

DRIVERS

Rising demand from chemical industry.

Growing food and beverage industry.

Eco-friendly and safe packaging.

RESTRAINTS

Strict government regulations regarding use of plastic.

INDUSTRY UPDATE

In August 2018, sealed air corporation acquired AFP Inc., to further expand its product portfolio.

The major players profiled in the cubitainers market include Zacros America Inc., Berlin Packaging, Wilhelmsen group, The Cary Company, Thermo Fisher Scientific Inc., Cole-Parmer Instrument Company, LLC., VWR International LLC, Quality Environmental Containers Inc., Changshun Plastic Co. Ltd., ChangZhou HengQi Plastics Co. Ltd.,

Segmentation

The cubitainers market has been analyzed through the following segments:

By Material Type

High Density Polyethylene

Low Density Polyethylene

By Capacity

1 Liter

5 Liter

10 Liter

16 Liter

By End-User

Chemicals

Food & Beverage

Pharmaceuticals

By Geography

North America

USA

Canada

Mexico

Others

South America

Brazil

Argentina

Others

Europe

Germany

France

United Kingdom

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

South Korea

India

Others