The global bag-in-box container market size was valued at $ 3.04 Billion in 2019 and is forecasted to reach a whopping USD 5.4 Billion in 2027, expanding at an annual CAGR of 6.23 percent. The report contains 250+ pages with detailed analysis.
The study provides an analysis of the global bag-in-box container market for the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year.
This report analyzes and forecasts the bag-in-box container market at the global and regional level. The market has been forecast based on market share (percentages) and revenue (US$ in Thousands) from 2020 to 2027. The study includes drivers and restraints of the global bag-in-box container market. The main goal of this research study is to offer a clear picture and a better understanding of the market to the manufacturers, traders, and the suppliers operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to convey and develop critical approaches for the further growth of their businesses.
Bag-in-Box is an advanced packaging solution that is intended to prolong the shelf life of semi-liquids and liquids. The bag-in-box packaging system was generated as a restructured solution to the complications of packaging paste-textured and liquids food products like water, wine, sauce, juice, fats, purees and oils. This solution offers benefit of full expertise through the packaging process of liquids and other food items across various applications such as accessories and films to bags, boxes and taps, filling lines and others. Bag-in-box is a soft plastic container enclosed with the help of a corrugated box with a marketing print. Bag-in-box solutions provide added supportable choice of packing for countless industries including wine, dairy, juice, liquid eggs and non-food usages including chemicals and motor oil.
Bag-in-box packaging solution is a striking in store promotion intermediate that might aid and attract fresh target groups. Bag-in-box wine packaging offers a greater communication area and can perform as a billboard on shelf for the brand as compared with a wine bottle label. Abundant finishing and printing processes are present to complete a standard or premium look including single-color flexographic, gloss, matte, six-color offset printing, UV varnish, pigments, silver inks; holograms and embossed films among others. A major benefit of the bag-in-box container is its low carbon footprint and eco-friendliness.
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- Growing concentration on accepting better eco-friendly packaging solutions amidst existence of innumerable regulations concerning the influence on the environment supports the tremendous progress of this market
- Great requirement for these packaging products from the food & beverage and industrial products sector further propel the growth of bag-in-box market across Asia Pacific region
- North American market growth is expected to fuel by bag-in-box container demand from various application sectors from Canada and the U.S.
Bag-in-box containers are attaining huge popularity as an apt substitute for stiff packaging products those were used by the packaging business until some years back. Bag-in-box packaging has appeared as competent packaging that allows corporations to diminish the carbon footprint of their productions. Foremost performers in the bag-in-box containers landscape are leveraging this drift in product advertisings and generating a novel brand identity. With consumers and governing organizations asserting the necessity for environmentally viable and harmless packaging, a rising amount of packaging businesses are penetrating into revolutionizing types and materials of biologically friendly packaging.
Recent developments accomplished by various market contenders are as follows:
In May 29, 2020, Smurfit Kappa launched ground breaking new Vitop® Blue tap for bag-in-box cleaning products. Further, in April, 2020, it also started to offer new Bag-in-Box filling solution for organic birch sap drink. Company is now collaborated with France based firms named Fée Nature, to deliver a health drink finished from birch sap Bag-in-Box packaging products.
In March 2019, DS Smith’s “Rapak” brand declared the extension of their bag-in-box packaging abilities with deploying the sixth production line at the unit situated in Bulgaria. This enlargement is intended to cater the emergent need for bag-in-box packaging solutions from the numerous customers.
Australia, South Korea, Japan, China and India in the Asia Pacific region are assumed to experience substantial growth in the bag-in-box container sector throughout the prediction period. Increasing packaged food and beverages sale due to escalated employed population caused due to rapid industrialization in these nations is flourishing the revenue growth of the market. Proliferating intake of cooking oil products such as sunflower, olive and palm oil due to cholesterol free characteristics caused by fit lifestyle amendment are also accelerating need for bag-in-box packaging solutions across Asia pacific.
Europe is also expected to offer substantial growth in demand for bag-in-box packaging solutions due to expansion of food and beverage sector in this region. Varying consumption patterns of the customers, great levels of urbanization along with swelling acceptance of these types of packaging containers is further bolstering the growth of the market. Augmenting R&D spending by the packaging companies to permit the amalgamation of innovative characteristics such as size and shape is expected to upturn the request for the bag-in-box container during years to come.
The key participants functioning in the bag-in-box packaging system market are mentioned below:
- Scholle IPN
- DS Smith
- CDF Corporation
- Parish Manufacturing Inc.
- Amcor Limited
- Vine Valley Ventures LLC
- Smurfit Kappa Group
- Optopack Ltd
- TPS Rental Systems Ltd.
Segments Covered in the Report
This research study comprises a comprehensive assessment of the marketplace revenue with the help of prevalent quantitative and qualitative acumens, and forecasts of the market. This report presents a breakdown of market into major and niche segments. Furthermore, this research study gauges market revenue growth and its drift at global, regional, and country from 2016 to 2027. This report includes market division and its revenue assessment by categorizing it depending on type, application and region as follows:
- Ethylene Vinyl Alcohol
- Low-Density Polyethylene
- Ethylene Vinyl Acetate
- Industrial Liquids
- Petroleum Products
- Industrial Fluids
- Household Products
- Liquid Detergents
- Household Cleaners
- Food & Beverages
- Alcoholic Beverages
- Nonalcoholic Beverages
- Flavored Drinks
- Soft Drinks
- Milk & Dairy Products
- Edible Oil
- Alcoholic Beverages
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Middle East & Africa
- Latin America
Why should you invest in this report?
If you are aiming to enter the global bag-in-box container market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for bag-in-box container are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
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