Cubitainers Market: Introduction
Transparency Market Research delivers key insights for
the cubitainers
market in its published report, which includes global industry analysis,
size, share, growth, trends, and forecast for 2020-2028. In terms
of revenue, the global cubitainers market is projected to expand about 1.7x its
current market value by the end of 2028, 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 2028. 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.
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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.
Cubitainers Market: Competition Landscape
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.
Global Cubitainers Market Segmentation
Cubitainers Market by Capacity
- Within
3 Liter
- 3-10
Liter
- 10-20
Liter
- Above
20 Liter
Cubitainers Market by Material
- Low
Density Polyethylene (LDPE)
- Linear
Low Density Polyethylene (LLDPE)
- High
Density Polyethylene (HDPE)
Cubitainers Market by End User
- Food
& Beverages
- Pharmaceuticals
- Chemicals
- Other
Industrial Goods
Cubitainers Market by Region
- North
America
- South
America
- Europe
- Asia
Pacific Excl. Japan
- Japan
- Middle
East & Africa
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