ALBANY, New York, Jan. 10, 2018 (GLOBE NEWSWIRE) -- Cubitainers are considered to be the most suitable packaging solution, especially for liquid products. Being widely used in packaging, manufacturers of cubitainers are focusing on including various features such as foldable, better toughness, anti-drop and anti-pressure, compatibility with various liquids, and different size and shapes. Low-Density Polyethylene (LDPE) cubitainers are gaining popularity across various regions as it is lightweight, space-efficient solution. Also, the space saving feature of cubitainers allows more to fit in transportation and warehouse. The cubitainers are also highly customizable, as manufacturers can customize the shape and size of cubitainers as per the end use.
There has been a significant growth in the demand for cubitainers as manufacturers are developing recyclable and reusable containers. Manufacturers are also saving on the production cost and time of cubitainers by using advanced technologies in manufacturing. Innovative tools are helping to stimulate design process as stimulating product-creation helps in cutting down the time and results in the development of the better product. Meanwhile, regulations on packaging are also being introduced to enhance the safety of the product, and to lower the environmental impact of the materials used in the packaging.
Key players in the global cubitainers market are Berlin Packaging, Cole-Parmer, Quality Environmental Containers, Avantor Performance Materials, Inc., Thermo Fisher Scientific, Changzhou Sanjie Plastic Products Co., Ltd, The Cary Company, ChangZhou HengQi Plastic Co. Ltd, Changshun Plastic Co. Ltd, and Zacros America.
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Global Cubitainers Market to Witness Strong Growth during the Forecast Period 2017 to 2026
Transparency Market Research (TMR) projects the global cubitainers market to witness strong growth. It is also estimated to increase at a CAGR of 6.8% from 2017 to 2026. The global cubitainers market is expected to generate revenue of US$ 150.0 million towards the end of 2026.
The global cubitainers market is segmented into end users, capacity, material type, and region. Based on the material type, the market is further segmented on the basis of High Density Polyethylene (HDPE) and Low Density Polyethylene (LDPE). Among the material type, Low Density Polyethylene (LDPE) is expected to witness impressive growth during the forecast period.
The capacity is further segmented into 20 liters, 16 liters, 10 liters, 3 liters, and 1 liter. 3 liter cubitainers are expected to record an exponential CAGR in the global cubitainers market.
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Based on the end users, the market is divided into the pharmaceutical industry, chemical industry and food & beverage industry. During the forecast period, food & beverages industry is expected to emerge as the largest end users of cubitainers.
Europe to Dominate the Global Cubitainers Market during the Forecast Period 2017-2026
Among the regions given in the report, Europe is expected to emerge as the dominating region during the forecast period. Increasing number of manufacturers and producers from various industries prefer cubitainers as an efficient packaging tool over other packaging types as it is cost-effective and eco-friendly. This is one of the reasons for the market growth in Europe. Moreover, the increasing demand for packed liquid food is also driving the growth in the region. Presence of key cubitainers manufacturers in Europe is also contributing to the growth of cubitainers market in various European countries.
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