Carboy Market: Overview
A carboy is a versatile container used for transportation and storage of various types of liquid including chemicals, alcoholic beverages, solutions, and corrosive liquids. It is sometimes also referred to as demijohn, a name given to a short-necked bottle. Carboy can be made up of either plastic or glass. The polyethylene, polypropylene, and polycarbonate are widely used plastic material used. Carboys are available in various shapes and size as per the requirements. Carboy finds useful applications in industrial packaging sectors including, chemicals & fertilizers, cosmetics, breweries, pharmaceuticals, oil & petroleum among others. Apart from industrial packaging, the carboy is an important storage option in the laboratory. Carboy can be available with or without stopcock. Among brewers, the carboy is one of the most acceptable vessels used for the storage of beers and wines. The outlook for the global carboy market is supposed to be positive during the forecast period.
Carboy Market: Dynamics
The carboy is tightening its grip in the market with rising consumption of alcoholic beverages, chemicals, and other products. The carboy is available in various shapes and sizes ranging from 5 liters to 60 liters capacity. In laboratories, the carboy is used to store solvents, chemicals, and deionized water. In laboratory work, the carboy is also used to collect waste solvents. In laboratories, carboy made up of glass are mostly preferred due to the inertness of glass material to any chemical reaction. In many breweries, the traditional fermentation bucket is replaced by carboy made up plastic or glass. The carboy in breweries is used to store wines, beers, and cider among other alcohols. The reason behind the growing acceptance of carboy over fermentation bucket is its transparency, as it gives the advantage to keep an eye on the fermentation process without repeatedly opening the container. These factors are supposed to drive the global carboy market during the next decade. The carboys offer simple closure options and have high strength. The carboy can be used multiple times or can be made sterilized to be used for medical purposes. These factors are supposed to propel the growth prospects of the global carboy market during the forecast period. The factor which might hamper the growth of carboy is that they don’t have ergonomic handling to carry them easily. This factor is even more critical at the time when one uses the carboy with more capacity. This factor is supposed to hamper the growth of the global carboy market during the next decade.
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Carboy Market: Segmentation
Globally, the carboy market has been segmented on the basis of material type, capacity, end use and region:
On the basis of material type, the global carboy market has been segmented as:
On the basis of capacity, the global carboy market has been segmented as:
- Less than 5 liters
- 5 liters to 10 liters
- 10 liters to 30 liters
- 30 liters to 50 liters
- Above 50 liters
On the basis of end use, the global carboy market has been segmented as:
- Chemical Industry
- Oil & Petroleum
The APEJ region is supposed to dominate the global carboy market during the forecast period. The region has the highest consumption of alcoholic drinks in the world. Most breweries are using the carboy as fermentation container. Also, the carboy is used for domestic purposes such as to store water. This factor is expected to drive the growth of carboy market in the region. The North America region is expected to follow APEJ, especially the U.S. is expected to drive the demand of carboys, due to the availability of various laboratories and chemical industry in the region. Western Europe, especially Italy, France, Germany, and the U.K. are expected to fuel the demand of carboy market in the region owing to the presence of some of the known laboratories, chemical industries and some world known breweries in the region. Other parts of the world follow the similar trends in the global carboy market during the next decade.
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Carboy Market: Key Players
Few of the leading players operating in the global Carboy market are –
- Thermo Fisher Scientific
- Deluxe Scientific Surgico Pvt. Ltd.
- Interplastica Pvt. Ltd.
- Globe Scientific Inc.
- Subhang Capsas Pvt. Ltd.
- Metro Ace Innovplas Corporation
- Marin Scientific Development Company
- Sterlitech Corporation
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.