EUROPE BAG IN BOX PACKAGING MARKET ANALYSIS

Europe Bag In Box Packaging MarketSize and Trends

The Europe Bag in Box Packaging Market was valued at US$ 1,505.78 million in 2022, and is expected to exhibit a CAGR of 3.22% during the forecast period (2023-2030) and is expected to grow to a value of US$ 1940.32 million by the year of 2030. Major factors that are expected to boost the growth of the bag-in-box packaging market during the forecast period are the rise in the need for eco-friendly packaging solutions. Furthermore, the growing demand for aseptic packaging in food and pharmaceutical industries is further anticipated to propel the bag-in-box packaging market.

Europe Bag in Box Packaging Market: Market Restraints

• Availability of less expensive alternatives packaging such as plastic bottles and increasing manufacturing cost of bag in box packaging

The high cost of bag-in-box packaging solutions compared to traditional packaging alternatives is expected to restrict the bag-in-box adoption, thereby, hindering the market growth during the forecast period. The rising use of plastic bottles in soft drink packaging due to cost-effectiveness is also expected to hamper bag-in-box market growth throughout the forecast period. Furthermore, fluctuations in the supply of raw materials to manufacture bag-in-box containers are expected to restrain the Europe bag in box packaging market growth during the forecast period.

On the basis of capacity the Europe Bag in Box Packaging Market is classified into Less than 1 Liter, 1 to 5 Liters, 6 to 10 Liters, 11 to 15 Liters And More than 15 Liters. Now, according to Material Type, the market is divided into Barrier And Corrugated Box. The different types of Barriers that were observed in this market are Aluminum, Metalized PET, Ethylene Vinyl Alcohol, Polyamide And Others (PDVC, metalized PP) and lastly by the end user the segmentations are Food & Beverage, Industrial and Household & Personal Care

Figure 2. Europe Bag in Box Packaging Market (%), By End User

Europe Bag in Box Packaging Market: Recent Developments

• In February 2021, Liqui-box, a liquid packaging and dispensing company, launched Liquipure, a new mono-material bag-in-box solution. The product follows the Ellen MacArthur Foundation's CEFLEX's, and the Association of Plastics Recyclers' global design requirements for flexible packaging.
• In October 2021, Smurfit kappa Group announced the launch of its new sustainable bag in box, which is made from 53% recycled and renewable materials.
• In July 2021, Liqui-Box Corporation teamed up with WestRock Company to deliver bag in box e-commerce solutions for liquids.