Global Bag-in-Box Container Market was valued at US$ 3.62 Bn in 2022 and is estimated to reach US$ 5.73 Bn by 2030, exhibiting a CAGR of 5.9% during the forecast period (2023-2030). According to Global Bag in Box Container Report, By Nature (Organic, Conventional), By Ingredient Type (Fruits (Apples, Citrus fruits, Mixed fruits, Berries, Tropical fruits, Others), Vegetables (Spinach, Carrot & Cucumber, Mixed vegetables, Beetroot), Mixed Fruits & Vegetables), By Distribution Channel (Retail/Grocery Stores, Convenience Stores, Online, Hypermarkets & Supermarkets), and By Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa) as highlighted in a new report published by Coherent Market Insights.
Bag-in-box is a packaging container that includes bladder (plastic bag) produced from materials such as low-density polyethylene (LDPE), ethylene vinyl acetate, and ethylene vinyl alcohol. The overall bag-in-box assembly covers the corrugated box, fitment, bladder, and tap, and these containers are widely used for packaging of food & beverages products and storing industrial liquid products. Food & beverages products, household products, and industrial liquid products are some of the major end-user of bag-in-box. They are ideal for the packaging of liquid products such as beverages, chemicals, and cosmetics lotions.
Drivers
Growing demand for bag-in-box from alcohol industry where it is used to package the alcohol is projected to propel the market growth of bag-in-box. This container offers easy packaging, the barrier to oxygen, and is a cost-efficient solution for the packaging of alcohol. According to the Coherent Market Insights, the alcohol manufacturing industry accounts for approximately 57% of global demand for the bag-in-box containers. Moreover, across developed countries such as Australia, Sweden, Norway, the U.S, and the U.K, the share of bag-in-box for wine, the packaging is relatively high as compared to that in developing countries.
Market Opportunities
The growing demand for bag-in-box containers from the dairy industry is expected to offer potential growth opportunities to the market in the future. Bag-in-box has multifaceted applications in the dairy industry owing to its low cost as compared to conventional packaging and environmentally friendly advantages. Moreover, milkshakes and smoothies are the fastest-growing segments in the dairy industry, which are projected to augment the market growth of Bag-in-Box Containers over the forecast period.
Market Restraints
Rising adoption of cubitainer containers as an alternative to bag-in-box containers is projected to restrict market growth over the forecast period. Cubitainer is a cube-shaped liquid handling product made of LDPE and is widely used for industrial applications such as food and beverage and household application and they are best suited for condiments, liquids, and other similar products. Therefore, the rising adoption of such an alternative is expected to hinder the market growth over the forecast period.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/bag-in-box-container-market-3512
Market Trends
The growing trend of a healthy lifestyle is fueling the demand for hygienic food and packaging solutions, which in turn stimulates the market growth of bag-in-box containers. Moreover, food and drug administration (FDA) are implementing strict regulations on packaging solutions and packaging materials which are compelling manufacturers to introduce aseptic packaging solutions and manufacturing processes. This factor is projected to augment the market growth of the bag-in-box container over the forecast period.
Increasing launch of innovative bag-in-box containers by the manufacturer in order to meet the rising need is expected to propel the market growth over the forecast period.
Competitive Section:
Key players active in the global bag-in-box container market are Smurfit Kappa Group, DS Smith, Amcor Limited, Liqui-Box, Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Parish Manufacturing Inc., TPS Rental Systems Ltd., and Optopack Ltd.
Key Takeaways
- On the basis of end-use, industrial liquid products dominated the global bag-in-box container market in 2022 with around 50% of market share in terms of revenue, followed by food & beverages products and household products, respectively.
- In 2022, a bag-in-box product for food and beverages was created by CDF Corporation. It maintains the material in an airtight container. It aims to replace rigid packaging for ultra-heat-treated or pasteurized products that are shelf-stable.
The novel coronavirus had rapidly spread throughout a number of nations and regions, having a profound effect on both individual lives and the community as a whole. It started out as a human health issue before evolving into a serious threat to international trade, the economy, and the financial system.
Global Bag-in-Box Container Market-COVID-19 Impact
Due to lockdown caused by the COVID-19 pandemic, the bag-in-box packaging manufacturing process had been stopped. Reduced production was initially brought on by the economic slowdown in a number of bag in box container industry end-users. However, the severity of the COVID-19 pandemic has significantly decreased as a result of the introduction of various vaccines. The number of COVID-19 cases has significantly decreased as of mid-2022. As a result, manufacturing facilities for bag-in-box packaging have fully reopened and are operating at full capacity. Furthermore, many businesses have already displayed notable signs of recovery more than two years after the pandemic's outbreak.
Additionally, major players in the bag-in-box market have innovated on numerous levels. They have created bags that do not impart their scent to the product they contain. Additionally, a select few of the market's major players have developed production equipment that can automatically and without human assistance insert bags into boxes. The manufacturers of bag-in-boxes and other market participants should benefit greatly from these developments in terms of growth opportunities over the forecast period.
