BAG-IN-BOX CONTAINER MARKET ANALYSIS

Bag-in-Box Container MarketSize and Trends

Global Bag-in-Box Container Market was valued at US$ 3.62 Bn in 2022, and is expected to exhibit a CAGR of 5.9% over the forecast period (2023-2030) and is expected to reach US$ 5.73 Bn by 2030. The increasing product adoption in market segments such as alcoholic beverages, household cleaners, and milk and dairy products can be credited with the industry's expansion. The wine industry has been one of the biggest consumers of bag-in-box containers. With the manufacturers implementing cutting-edge packaging solutions such as bag-in-box containers as an alternative packaging, the production of wine is anticipated to experience a steady increase. Due to the rising consumption of alcoholic beverage, the market for the bag-in-box container in the alcoholic beverage segment is anticipated to grow in the forecast period (2023-2030). The market is anticipated to grow as alcoholic beverage consumption rises in developed economies. The region that consume the most alcoholic beverage products is predicted to be North America, followed by Europe.

Global Bag-in-Box Container Market: Growth Drivers

Rapidly Growing demand for food and Beverages industry

The growth of the online food retail sector, the rise in the trend of eating out, particularly in developing countries, and other factors have all contributed to the expansion of the food and beverage industry. Due to the benefits mentioned above, the bag-in-box packaging is widely used in the food and beverage industry. Additionally, the automotive industry frequently uses bag-in-box packaging to deliver vital fluids like lubricants and motor oil used by cars. Additionally, the personal care and hygiene products sector uses bag-in-box packaging for items such as shampoo, detergent, and other comparable items. Additionally, a rise in disposable income, population growth, and business-friendly government policies in many nations all contribute significantly to the acceleration of industrialization. As a result, it is anticipated that the growth of all the aforementioned industries, which make extensive use of bag-in-box containers, will fuel the market's expansion over the coming years (2023-2030).  For instance, in May 2020, Smurfit Kappa introduced the Vitop Blue tap for use with Bag-in-Box cleaning products. During the COVID-19 pandemic, the product is intended to be used for bag-in-box hand sanitizer packaging. Smurfit Kappa is a FTSE 100 company and one of the leading providers of paper-based packaging in the world, with operations in over 30 countries.

Increased Demand for sustainable packaging

Packaging extends the product's shelf life and improves its shelf presence in addition to keeping it safe during transportation. As it is a sustainable packaging method that uses less plastic and more paperboard, which is readily recyclable, bag-in-box technology has gained popularity in the industry. Furthermore, as it is essentially a flat packaging, it takes up less space than a bottle and is therefore simpler to transport. Additionally, it can be used for packing a variety of dry and liquid products across the industry, including products for storing chemicals, motor oil, lubricants, wine, juices, and other liquid consumer products. For instance, in May 2021, New SIOC (Ships-In-Own-Container) approved bag-in-box packaging for liquid products was unveiled by Scholle IPN, a provider of bag-in-box and other packaging solutions. According to coherent market insights, this packaging can save up to 75% more energy overall and up to 67% on carbon emissions.

Figure 1. Global Bag-in-Box Container Market, By End Use, in 2022

Figure 2. Global Bag-in-Box Container Market, By Region, 2022