According to Stratistics MRC, the Global Octabin Market is accounted for $341.24 million in 2020 and is expected to reach $608.59 million by 2028 growing at a CAGR of 7.5% during the forecast period. Factors such as the growing packaging industry across the globe, rising demand for high storage capacity packaging, and increasing demand from various end user industries are driving the growth of the market. However, high cost of the product is hampering the growth of the market.
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Based on the capacity, the customized segment is anticipated to expand at a rapid pace during the forecast period due to the ability of the product to match with the custom requirements of the end user. By geography, Asia Pacific is going to have high growth during the forecast period which can be attributed to the considerable growth of various industries along with increasing research and development activities in the region.
Some of the key players profiled in the Octabin Market include DS Smith, Mondi PLC, Smurfit Kappa, IBC International, TRICOR AG, Quadwall, Groupe Barbier, Palamatic Process, Napco National, Avon Containners Pvt. Ltd, Udit Packaging, VQM Packaging, Lyburn Supplies Limited, Nipro Europe Group Companies, and Nittel.
Products Covered:
• Self-Assembly Octabins
• Free Flow Base Octabins
• Telescopic Octabins
• Base Discharge Octabins
Capacities Covered:
• Standard
• Customized
End Users Covered:
• Food Industry
• Chemical Industry
• Consumer Goods
• Shipping and Logistics
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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