Vision Research Reports says that the global cubitainers market is expected to reach valuation of around US$ 152 million by 2027.
In terms of revenue, the global cubitainers market is projected to expand about 1.7x its current market value by the end of 2027, owing to the ever-increasing demand from the food & beverages industry, which is likely to emerge as one of the largest users of cubitainers. The food & beverages industry is expected to create an incremental opportunity of more than US$ 32 Mn between 2020 and 2027. Cubitainers are highly demanded by alcoholic drink and energy drink producers.
Cubitainers are used primarily in end-use industries, including food & beverages, pharmaceuticals, chemicals, and other industrial goods. Cubitainers are largely used for food and beverages, industrial applications that include large-scale preference for group 2 and group 3 base oils handling and packaging. TMR segmented the analysis of cubitainers market based on various factors such as capacity, material, and end users across five regions. As per the TMR analysis, Low Density Polyethylene (LDPE) material for cubitainers is expected to hold the largest market share during the forecast period, owing to benefits such as low cost, impact resistance, chemical and moisture resistance. Wide applicability and availability of LDPE makes it a preferable option for large scale manufacturing of cubitainers.
The market growth is largely driven by the growing demand for cubitainers from the food & beverages, pharmaceuticals, and chemical sectors. In addition, the growing demand for customized, portable and convenient packaging solutions is another factor that is anticipated to propel the overall growth of the cubitainers market during the assessment period. Market players should focus on design and explore the potential advantages of different materials to launch environment-friendly and cost-effective products and gain a solid footing in the current market landscape.
Sake Brewery Industry to Boost Demand for Cubitainers
The rising demand for cubitainers from the sake brewery industry is one of the prominent growth drivers for the market. Brewery producers are inclined toward use of cubitainers for shochu packaging, as they offer various advantages over glass bottles, are easy to pack and distribute, and are cost-efficient. Increasing consumer awareness about ‘carbon footprint’ is in turn boosting preference for environment-friendly products. Various industries, including the beverage industry, in line with this changing consumer sentiment are introducing green products in the market. Players in the brewery industry are exploring packaging options for convenient handling and storage, which is anticipated to fuel the demand for cubitainers in the years to come.
Food & Beverage Industry to Remain Prime End User of Cubitainers
Cubitainers are gaining traction among the food & beverage product manufacturers, as they are moisture resistant, and do not react with the food or beverages, which maintains the quality of the packaged product. Inert FDA-compliant material tolerates a wide variety of product properties, which makes it a safe option for packaging of food products such as shakes, oils, wine, rice wine, vinegar, soy sauces, and other types of condiment sauces. Furthermore, customization available with product configuration options for different sizes of packages and requirements is anticipated to augment the growth of containers market. Easy to fill and pour features, handles, and caps enhance the convenience and handling of packages. The growing demand for packaged food & beverages, which extend the shelf life of products are in high demand due to changing consumer habits. This is anticipated to have a positive impact on the demand for cubitainers in the upcoming years.
Stringent Environment Regulations over Use of Plastics Might Restraint Cubitainers Market
Governments across the globe are imposing stringent rules and regulations on use of plastic that impact adversely on the environment. Cubitainers are majorly made using Low Density Polyethylene (LDPE), Linear Low Density Polyethylene (LLDPE), and High Density Polyethylene (HDPE). Plastics are produced from natural gas, chemicals, and petroleum products, which are all non-renewable resources and further processed using energy techniques that ultimately harm the ecosystem. Producers of plastics often dump toxic waste into the air, land, and water. This is further being consumed by marine and terrestrial animals, impacting their lifespan, and in some cases, causing entire species to go extinct. Moreover, rising demand for synthetic plastic is harmful for the environment, as it is non-biodegradable, which is a matter of concern for local and international governments. This is likely to restrain the market growth of cubitainers market.
LDPE Cubitainers Expected to Remain Most Popular
Due to stringent regulations pertaining to the environment and mounting pressure from regulatory bodies, the packaging sector is gradually evolving. As cubitainers gain popularity, market players are projected to focus on exploring the benefits of different materials for the production of cubitainers. At present, despite polymers making a strong case, LDPE has emerged as a material of choice among cubitainer manufacturers, as LDPE can be efficiently recycled, is cost-effective, and highly resistant to chemicals and moisture. The growing demand for LDPE cubitainers is anticipated to play an imperative role in boosting the growth of the global cubitainers market during the assessment period.
Companies Likely to Focus on Customization as Bespoke Cubitainers Gain Popularity
While market players continue to lean toward the production of flexible and rigid cubitainers, customization is expected to remain another key area of interest for market players. In addition, as more number of players continue to enter the global cubitainers market, environment sustainability, quality, and costs are some of the other parameters that are projected to remain a differentiating factor for end users. Another major trend that is expected to set the ball rolling for the growth of the global cubitainers market is customization. Market players in the current market landscape are offering a range of configuration options to their customers due to which, the demand for customized cubitainers is projected to move in the upward trajectory during the assessment period. In comparison with the other compact packaging alternatives, including blow molded tight head (TH) pails and rigid open head pails, cubitainers are light in weight, offer maximum handling convenience, provide optimum space utilization, improves durability, and considerable reduces overhead costs.
Product Development Likely to be Key Focus Area for Players in Cubitainers Market
The global cubitainers market is fairly consolidated in nature into which, larger portion of market share holds by well-established market players. Some of the key players operating in the global cubitainers market are Fujimori KOGYO CO., LTD., RPC Promens and SEKISUI SEIKEI CO., LTD, Koizumi Jute Mills Ltd., Changzhou Sanjie Plastic Products Co., Ltd., and ChangZhou HengQi Plastics Co., Ltd.
The tier structure is formulated on the basis of segmental revenue and market share of the company. As per the tier structure, Fujimori KOGYO CO., LTD., RPC Promens, and SEKISUI SEIKEI CO., LTD are the Tier 1 players in the cubitainers market. These players are focusing on expansion of their production capacity and enhancing their product quality to increase its footprint across the globe. Tier 2 players include Silgan Koizumi Jute Mills Ltd., Changzhou Sanjie Plastic Products Co., Ltd. and ChangZhou HengQi Plastics Co., Ltd., and other market players.
Cubitainers Market by Capacity
Cubitainers Market by Material
Cubitainers Market by End User
Cubitainers Market by Region
The Cubitainers market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Cubitainers market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Cubitainers market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Cubitainers market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Cubitainers market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Cubitainers capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Cubitainers by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Cubitainers market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Cubitainers market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Cubitainers market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Cubitainers industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Cubitainers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Cubitainers market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Cubitainers market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Cubitainers market. These factors have benefited the growth of the global market for Cubitainers. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Cubitainers. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Cubitainers are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are: