Market Research Report
Global Jug Shipper Market - 2021-2028
|Global Jug Shipper Market - 2021-2028|
Published: July 28, 2021
Content info: 180 Pages
Delivery time: 2 business days
Jug Shipper Market Overview
The global jug shipper market size was worth US$ XX million in 2020 and is estimated to reach US$ XX million by 2028, growing at a CAGR of XX % during the forecast period (2021-2028).
A jug shipper is a container used for the secondary packaging of jugs. A complete jug shipper includes assembled cartons, foam inserts, and end caps for compact packaging. These are used for the packaging of jugs that contain hazardous as well as non-hazardous liquids.
As per government compliance, jug shipper is recommended and accepted by major freight carriers. An increase in the trade of various hazardous, non-hazardous, and temperature-sensitive liquids has enabled quantifiable growth opportunities for packaging manufacturers.
Jug Shipper Market Dynamics
Increasing trade activities across the globe is expected to drive the jug shipper market
The rise in trade activities across the globe has aided the demand for jug shippers for packaging and shipping hazardous liquids. For instance, the shipping of various temperature-sensitive liquid products can lead to spoilage and deterioration during shipping and transportation. The packaged goods are subject to different weather and temperature conditions during transit. Therefore, manufacturers are investing in protective packaging solutions for temperature-sensitive and hazardous liquids.
Moreover, companies operating in the global jug shipper market are innovating packaging solutions to cater to the demand rising from end-use industries and are focusing on new products with better insulating and shock absorption properties. For instance, ACH Foam Technologies launched an economical wine shipping container made of expanded polystyrene that provides superior thermal performance at low-cost shipping of wine jugs.
Concern related to transporting hazardous chemicals is likely to hinder the market
Transporting chemicals and hazardous materials requires a process that must comply with strict federal, state, and local regulations. For instance, the Hazardous Materials Transportation Act (HMTA) is the principal federal law regulating the transportation of hazardous materials in the U.S.
Furthermore, other international directives and regulations govern transporting chemicals via road, rail, sea, and air. Therefore, having a good understanding of these varying regulatory frameworks is crucial and thus become a difficult task for freight to ship these materials
Jug Shipper Market Segment Analysis
Based on end-user, jug shipper market is categorized into food & beverage, chemicals, healthcare, agriculture and others.
Food & beverage sector is expected to dominate the jug shipper market owing to growing consumer goods and e-commerce
The increasing global population and rising disposable income in developing countries are creating opportunities for packaged beverages. For instance, according to the Brewers Association, the total value of the beer market was US$ 94.1 billion in 2020, whereas the total craft beer market was estimated at US$ 22.2 billion. In addition, according to the WHO, the per capita alcohol consumption was recorded 8.6 liters in 2010, which increased to 8.8 liters in 2016.
Moreover, companies operating in the global jug shipper market are innovating packaging solutions to cater to food & beverage. For instance, ACH Foam Technologies launched an economical wine shipping container made of expanded polystyrene that provides superior thermal performance at low-cost shipping of wine jugs.
Jug Shipper Market Geographical Analysis
The global market for jug shippers has been divided into five regions: North America, South America, Europe, Asia-Pacific and Middle East & Africa.
The demand for jug shippers in the North American market is expected to remain at the dominant position in sales and value generation due to the increasing volume of trade and e-commerce in countries such as the U.S.
Besides, the Asia-Pacific market is expected to expand at a higher rate than the rest of the regions due to the increasing number of small and unorganized packaging manufacturers in emerging countries such as China, India, Indonesia, and others. Manufacturers of jug shippers have opportunities to invest in the growing market, such as the Asia-Pacific region.
Jug Shipper Market Competitive Landscape
The Jug Shipper market is moderately competitive with presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Atlas Roofing Corp., Big Valley Formerly Bee Packaging, Berlin Packaging, Air Sea Containers, Inc., IPS Packaging & Automation, Davis Core & Pad Co., Uline, Takemoto Yohki Co., Ltd, Labelmaster., BASCO, Inc. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Jug Shipper market globally.
Atlas Roofing Corporation
Overview: Atlas Roofing Corporation is an American company that develops and manufactures specialized roofing products and packaging products.
Product Portfolio: Atlas Roofing Corporation offers a wide range of jug shippers in its cold chain packaging products segment
The global Jug Shipper market report would provide an access to an approx. 61 market data table, 53 figures and 234 pages.
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