The global Cubitainer Industry is on a trajectory of significant expansion, with a projected Compound Annual Growth Rate (CAGR) of 4.4% during the period from 2022 to 2032. In 2022, the Cubitainer Industry is estimated to be valued at US$ 98.2 million, and it is expected to reach a substantial revenue milestone of US$ 151.1 million by 2032.
The Cubitainer Industry anticipates an uptick in sales, driven by several key factors. The growth in per capita income, coupled with an expanding disposable income among the middle-class demographic, is contributing to increased investments in alcoholic and energy drinks. However, it’s important to note that governments worldwide may introduce more stringent rules and regulations regarding packaging materials, potentially impacting the Cubitainer Industry’s progress.
On the flip side, the Cubitainer Industry is poised for opportunities, thanks to advancements in material technology and the high product-to-packaging ratio. These developments aim to minimize dead space, reduce environmental impact, and foster more efficient packaging, creating a favorable landscape for the Cubitainer Industry’s growth.
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Drivers:
- Economic Growth: Increasing per capita income and rising disposable incomes, particularly among the middle-class population, drive the consumption of beverages, including alcoholic and energy drinks, which are typically packaged in cubitainers.
- Efficient Packaging: Cubitainers offer a high product-to-packaging ratio, reducing dead space and minimizing material waste. This efficiency is appealing to both manufacturers and consumers.
- Material Advancements: Continuous developments in material technology lead to the creation of more sustainable, lightweight, and eco-friendly cubitainers, meeting the demand for eco-conscious packaging.
- Versatility: Cubitainers are versatile, suitable for various liquid products, including beverages, chemicals, and pharmaceuticals, expanding their range of applications.
Restraints:
- Regulatory Compliance: Governments may introduce stringent rules and regulations regarding packaging materials, particularly in terms of sustainability and recycling. This can pose challenges for cubitainer manufacturers.
- Environmental Concerns: Cubitainers are typically made of plastic, which raises environmental concerns due to their non-biodegradability and potential impact on ecosystems.
- Competition from Alternatives: The Cubitainer Industry faces competition from alternative packaging solutions, including glass, aluminum, and more sustainable options.
- Consumer Perception: Negative public perception of plastic packaging and concerns about potential health risks may influence purchasing decisions and affect the demand for cubitainers.
- Supply Chain Disruptions: Events like the COVID-19 pandemic have disrupted supply chains, affecting the availability of materials and production capacity.
- Waste Management and Recycling: Proper disposal and recycling of cubitainers are necessary for sustainability. Insufficient recycling infrastructure can hinder recycling efforts.
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Key Companies:
- Changshun Plastic Co. Ltd.
- Zacros America Inc.
- ChangZhou HengQi Plastic Co. Ltd.
- The Cary Company
- Changzhou Sanjie Plastic Products Co. Ltd.
- Fujimori KOGYO Co. Ltd.
- RPC Promens and SEKISUI SEIKEI Co. Ltd.
- Koizumi Jute Mills Ltd.
- United States Plastic Corporation
- Avantor Performance Materials Inc.
- Quality Environmental Containers
- Cole-Parmer, Berlin Packaging, etc.
The Most Recent Developments Surging the Popularity of Cubitaners:
- In 2020, Zacros America Inc. developed advanced cubitainers known as “RECTAINER”. The container has a capacity of 10L and is ideal for vinegar, refined sake, shochu, milk, liquid seasoning, etc.
- In March 2021, The Cary Company divested its raw materials and specialty chemicals distribution business as part of a strategic restructuring to focus greater on containers and packaging. The raw materials and specialty chemicals business unit was sold to Maroon Group LLC, owned by Barentz International.
- RPC Promens launched “multitainers”, which is a combination package with an integrated handle and neck. The capacities available are 5L and 10L.
Key Segmentation
By Material Type:
- Polyethylene (PE)
- Low Density Polyethylene (LDPE)
- Linear Low Density Polyethylene (LLDPE)
- High Density Polyethylene (HDPE)
By Carrying Capacity:
- 1 Ltr
- 4 Ltr
- 10 Ltr
- 16 Ltr
- 20 Ltr
By End User:
- Food & Beverage
- Chemical
- Pharmaceutical
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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