Bag in Box Market By Capacity (Upto 20 Liters, 21 to 150 Liters, 151 to 750 Liters, 751 & Above Liters) By Material (Paper and Paperboard Plastic) By End Use (Food, Beverages, Chemicals, Petroleum, Homecare, Cosmetic & Personal Care) Growth, Future Prospects & Competitive Analysis, 2016 - 2028
The outermost layer of packing in a bag-in-box packaging product, known as the bag-in-box container, is in charge of protecting the inner layer of bags. This container consists of a bag that contains the contents and an opening with a tap that allows the contents to be organized. Ethylene vinyl acetate, ethylene vinyl alcohol, and low-density polyethylene are a few of the main materials used to make a Bag-in-box. This container is used for liquid foods, food and beverage goods, home items, and alcoholic and non-alcoholic beverages. Due to its decreased packing waste, chemical resistance, and barrier to oxygen and moisture, bag-in-box is incredibly dependable.
What is the Market Size of the Bag in Box in terms of value?
In the upcoming years, the global bag-in-box market is anticipated to grow at a noteworthy CAGR of 5.50%. The estimated value of the global Bag in Box market in 2021 was USD 3.7 billion, with a forecasted value of USD 5.10 billion by 2028. In the upcoming years, Bag in Box will become much more in demand. It is anticipated to create revenue potential totaling USD 1.40 billion for the major industry participants between 2022 and 2028.
Which is the key Capacity segment in the Bag in Box Market?
The Upto 20 Liters segment registered a revenue share of over 55.0% of the total Bag in Box in 2021According to capacity; the market is anticipated to grow more quickly throughout the projection period in the Upto 20 Liters segment. The enormous expansion of this market has been facilitated by using Up 20 Liter bag-in-boxes in dispensing systems by beverage producers, food service providers, and quick-serve eateries. Manufacturers of bag-in-box products may find prospects in the dairy business. The dairy business uses traditional packaging techniques like glass bottles and die-cut lids. However, bag-in-box finds wide-ranging use in the dairy industry due to its aseptic nature, low cost compared to conventional packaging and eco-friendly benefits. The dairy industry's fastest-growing subsectors are milkshakes and smoothies. Large quantity packs can be given with the highest level of protection during the transit to the distant markets for dairy products like fresh cream and condensed milk that require airtight packing. Bag-in-box usage in dairy retail will keep expanding, offering promising market expansion prospects.
Interesting Facts about Bag in Box Industry
The top countries in the Bag in Box market are the US, Canada, India, Japan, China, Germany, and France.
The rise in alcoholic beverage consumption is one of the key factors predicted to propel the growth of the bag-in-box containers market during the forecast period.
Over the projection period, the Bag in Box market is expected to experience slower growth due to higher operational costs than its competitors.
The North American region has the largest share of Bag in Box market, and it is predicted that this dominance will persist during the forecast period.
The beverage category will experience rapid expansion during the anticipated period as a result of improved boring efficiency for global mining and construction operations.
Who are the Top players/companies in the Bag in Box market in terms of value?
The key players in the global Bag in Box market in terms of value include Smurfit Kappa Group, Amcor plc, Scholle IPN, TPS Rental Systems Ltd, Liqui-Box Corporation, Optopack Ltd, CDF Corporation, Aran Group, TriMas Company (Rapak), and NWB Finland Oy. These large corporations are concentrating on new product developments and technological advancements in order to boost their Automated Microbiology output and win a sizable market share globally. Several local and global businesses are also making big investments to broaden their product lines and increase sales. For instance, DS Smith was purchased by US-based packaging business Liqui Box Corp in February 2021 for an unknown sum.
Who are the Top 10 Countries in the Bag in Box Market?
The major countries in the global Bag in Box market are China, South Korea, Japan, Germany, India, the U.S., Canada, the U.K., Germany, and France. With a significant volume share in the global market in 2021, China is the key market for Bag in Box. Due to the growing use of packaged food and beverage products in countries like China, where industrialisation is accelerating, demand is expected to rise over the projection period.
Which is the key End Use used in the Bag in Box Market
The Beverages category dominated the Bag in Box market in 2021. The need for hygienic packaging solutions is also anticipated to increase due to increased disposable income and health issues among the elderly population in emerging nations. A better way of life, more money to spend, and increased knowledge of healthier products have contributed to increased demand for beverage products. Throughout the projected period, the development of packaging options that make it simple for customers to consume them and the production of numerous new soft drinks will emerge as key growth drivers. Alcoholic and non-alcoholic beverages are further separated in the food and beverage market. The demand from the wine sector is driving growth in the global bag-in-box container market. As they are simple to use and transport, box-in-box packaging is utilized for wine packaging. Additionally, they are affordable. Wine's overall quality is determined by the oxygen transmission rate (OTR) of its packaging, and box-in-box containers have a low OTR.
What are the Major Driving Factors for Bag in Box Market?
The rise in alcoholic beverage consumption is one of the key factors predicted to propel the growth of the bag-in-box containers market during the forecast period. Additionally, it is projected that rising packaged food and beverage consumption would further fuel the market for bag-in-box containers. Additionally, it is predicted that the rise in environmentally friendly and sustainable packaging will temper market expansion for bag-in-box containers. Additionally, developing new, inventive materials and expanding new uses will present additional prospects for the market for bag-in-box containers to expand in the coming years.
What are the Major Restraints for Bag in Box Market?
The market for bag-in-box containers is expected to increase slowly over the timeframe because of the availability of lower substitutes. It is estimated that the high cost of bag-in-box packaging solutions relative to traditional packaging choices will limit their acceptance, impeding the market's growth over the forecast period. This aspect is predicted to prevent bag-in-box from being used in a variety of industrial End Uses and to limit market expansion. Over the projection period, the market growth for bag-in-box is expected to be constrained by the rising cost-effectiveness of plastic bottles used to package soft drinks. Additionally, it is anticipated that fluctuations in the raw material supply utilized to make bag-in-box containers will fuel market expansion during the anticipated time frame.
Which Region Dominated the World Bag in Box Market?
The rise of the Asia Pacific food and beverage market is predicted to boost the bag-in-box container industry throughout the forecast period. Demand is anticipated to expand over the anticipated period as a result of the growing industrialization of nations like China and India as well as the region's rising consumption of packaged foods and beverages. The development of eco-friendly home cleaning products has made household goods another important market segment. It is projected that technological advancements, such as automatic dishwashing products, will drive the market. Rapidly urbanizing and industrializing nations are prioritizing various types of packing in bag-in-box containers. Consumer buying power and disposable income have increased in major economies like China and India.
Segmentation of Global Bag in Box Market-
Global Bag in Box Market – By Capacity
Upto 20 Liters
21 to 150 Liters
151 to 750 Liters
751 & Above Liters
Global Bag in Box Market – By Material
Paper and Paperboard
Plastic
Global Bag in Box Market – By End Use
Food
Beverages
Chemicals
Petroleum
Homecare
Cosmetic & Personal Care
Global Bag in Box Market – By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
South-east Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa & Africa
GCC Countries
South Africa
Rest of Middle East & Africa
Frequently asked questions about the global Bag in Box market
Due to the interruption of global supply networks caused by the COVID-19 epidemic, the bag-In-box container market suffered. In addition, because of limitations on manufacturing activities, bag-In-box containers could not be produced properly.
Asia Pacific accounted for the highest share in the global Bag in Box market.
The rise in alcoholic beverage consumption is one of the key factors predicted to propel the growth of the bag-in-box containers market during the forecast period.
Upto 20 Liters had a major share in 2021.
It is anticipated that the Beverages segment would maintain its dominance during the forecast period despite having a significant market share in 2021.
