North America Octabin Market is forecasted to grow at 4.8% with factors such as an increase in preferences for eco-friendly and sustainable packaging solutions.
Octabin market has shown exceptional penetration in North America region. Increase in demand for octabins in the chemical packaging industry in the countries. In countries, a ban on plastic has increased the demand for alternative packaging products, which is creating an opportunity for the North America octabin market.
Octabin Market Scenario
According to Data Bridge Market Research the market leader for octabin in North America region are DS Smith, followed by Smurfit Kappa, International Paper, Mondi, PAYPER Bagging India Pvt. Ltd, VPK Group NV, Nipro Europe Group Companies.
DS Smith accounts for an estimated market share of approximately 12.50% in the North America octabin market. The company has gained outstanding sales through its wide range of octabin products due to surging growth from various end-user industries.
- In August 2017, DS Smith Company announced the acquisition of Interstate Resources, Inc. to expand its international fiber-based packaging. This update has helped the company to increase its revenue in the near future.
- In February 2020, Smurfit Kappa Company decided to invest in the business with USD 36.00 million in Americas. This development will help to increase the production capacity and revenue in the near future.
Trends Impacting the Market
Now the question is which other regions International Paper, Mondi, PAYPER Bagging India Pvt. Ltd, DS Smith, and Smurfit Kappa are targeting? Data Bridge Market Research has forecasted a large growth in Europe octabin market and the market leaders targeting North America and Middle East and Africa to be their next revenue pockets for 2021.
The octabin market is becoming more competitive every year with companies such as DS Smith, Smurfit Kappa, International Paper, and Mondi as they are the market leaders for octabin. The data bridge market research new reports highlight the major growth factors and opportunities in the octabin market.
For more analysis on the octabin market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=north-america-octabin-market
Octabin Market Development
- In October 2019, Smurfit Kappa Company invested in the Mexico plant for the innovation of the new digital printer. This development has helped the company to increase its revenue in the near future.
Scope of the Octabin Market
North America Octabin Market is segmented on the basis of countries into the U.S., Canada, and Mexico.
All country based analysis of octabin market is further analysed based on further segmentation. On the basis of product type, the market is segmented into free flow base octabin, base discharge octabin, self-assembly octabin, standard octabin and telescopic octabin. On the basis of capacity, the market is segmented into customized and standard. On the basis of end-user, the market is segmented into consumer goods, food industry, chemical industry, and others.
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Key Pointers Covered in Octabin Market Industry Trends and Forecast to 2028
- Market size
- Market standards and changes
- Market trials in different regions
- Market requirements in different regions
- Market shares in different regions
- Recent developments for market competitors
- Recent market value for different regions
- Sales data for market competitors
- Key vendors and disruptors study
- Supply chain competiveness
- Value chain analysis
Key Market Competitors Covered in the Report
- International Paper
- Mondi
- DS Smith
- Smurfit Kappa
- DVA Group
- Groupe Barbier
- Nipro Europe Group Companies
Above are the key players covered in the report. To know about more and exhaustive list of octabin companies, contact us https://www.databridgemarketresearch.com/toc/?dbmr=north-america-octabin-market
Research Methodology: North America Octabin Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or can drop down your inquiry.
The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis, and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Consumer Goods, Food Industries, Chemical Industries
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers, among others.
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