Published on : Jul 27, 2018
Albany, New York, July 27, 2018: With the evolution happening in the packaging solutions for bulk cargo all over the globe, the modifications introduced by major players is quite significant. The growth in the octabins market is expected to rise at a steady pace during the period between 2017 and 2026 as a result of active adoption and reduced costs related to packaging and transportation. In order to learn more about the market scenario, a new research report has been added to the wide database of Market Research Hub (MRH). This study is titled “Octabin Market: Global Industry Analysis (2012-2016) & Opportunity Assessment (2017-2026)”, which highlights the expected surge in the global octabin market. Furthermore, various market factors are mentioned which help in examining the overall sector in an accurate manner.
As per report specifics, few other aspects pushing the demand for octabins include ease in handling and stacking and better bulk resistance. It has been analyzed that, the global octabins market is likely to soar at 5.4% CAGR during the forecast period, 2017-2026. Looking at the geographical expanse of the concerned market, the prime regions mentioned in the report are North America, Latin America, Europe, Japan, APEJ and MEA. Furthermore, the report also presents an in-depth data about the demand for standard octabins. It is mentioned that standard octabins are connected to shipping of materials that are aimed at recycling purposes. In addition, the sale of standard octabins has been up since the past years due to their characteristics. It is estimated that the valuation will cross US$ 125 Mn by 2026-end.
According to this smart report analysis, the octabin manufacturers are aiming to target the Asia Pacific excluding Japan (APEJ) region since it holds advanced business potential. In addition, the packaging industry in APEJ has experienced a healthy growth as a result of various end use industries. Countries like China and India are confident enough to shape the future of octabins in the following years. The interest of various players in the APEJ region is quite evident through their investments across research and development to improve octabins with additional features. Some of these companies involved are Smurfit Kappa, Mondi Group, DS Smith, International Paper, IBC International, Rondo Ganahl AG and Europac. In the coming years, the APEJ octabin market is anticipated to expand at a greater pace as compared to other global regions during the stated forecast period.
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