Global Bag-in-Box Container Market: Regional Analysis
Europe dominated the market, accounting for 44.5% of total revenue in 2022. The growth of the product in the food and beverage industry is expected to drive up demand for bag-in-box containers in Europe. Consumers' changing consumption patterns, high levels of urbanization, and the increasing popularity of such packaging are expected to drive market growth over the forecast period. Increased R&D investments by packaging manufacturers to enable the incorporation of new features such as shape, size, and features are expected to increase demand for the bag-in-box container in this region over the forecast period. Over the forecast period, the market for bag-in-box containers is likely to be driven by rising consumer health concerns and the demand for hygienic products. Over the course of the forecast period, an increase in the consumption of packaged nutritional food products with advantages such as food safety and quality at affordable prices is likely to drive the market in this region. Major food and beverage companies such as PepsiCo Inc., Tyson Food Inc., and Kellogg's Co. are present in this region, and their presence is anticipated to fuel the market's growth over the forecast period.
Over the forecast period, Asia Pacific is anticipated to experience the fastest rate in (2023-2030). Over the course of the forecast period, the expansion of the bag-in-box container industry is anticipated to benefit from the expanding food and beverage market in Asia Pacific. Demand is anticipated to increase over the forecast period as a result of rising industrialization in nations such as China and India, as well as rising regional adoption of packaged food and beverage products. Due to the introduction of eco-friendly household cleaning products, household products have become another significant market segment. In addition, the market for bag-in-box containers is anticipated to be driven by technological developments such as automatic dishwashing products.
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