Packaging solutions for bulk cargo are gaining fast acceptance across the globe, and players involved in packaging are introducing different modifications to their bulk packaging solutions. This has spurred the use of octabins to store and carry free flowing products and several granular products. Transformation of the packaging industry over years have introduced variety of packaging designs and shapes to accommodate different types of material and variety of goods.
The global market for octabins is expected to grow at a steady pace during the period of forecast. End use industries are adopting octabins owing to their “higher weight per volume” capacity coupled with reduced costs associated with the packaging and transportation. Other aspects that are pushing the use of octabins in several end use industries include ease in handling and stacking and better bulk resistance. According to XploreMR, global octabins market is expected to soar at a CAGR of 5.4% throughout the period of forecast, 2017-2026.
Players involved in manufacturing of octabins are targeting Asia Pacific excluding Japan (APEJ) region with a view to enhance their hold in the Asian market. They are also investing in research and development to develop octabins with additional features. To name a few companies, Smurfit Kappa, DS Smith, Mondi Group, IBC International, International Paper, Europac and Rondo Ganahl AG are the key players involved in the global octabins market.
Sales of Standard Octabins to Reach a Significant Value in the Coming Years
Octabin Market: Food Industry Will Continue To Drive Production Sales through 2026: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)Buy Now
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