The Bag-In-Box Containers Global Market Report 2023 by The Business Research Company, provides bag-in-box containers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Bag-In-Box Containers Global Market Report 2023, the market size is expected to grow from $3.81 billion in 2022 to $4.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of bag-in-box containers is expected to grow to $5.27 billion in 2027 at a compound annual growth rate (CAGR) of 6.8%.
The increasing demand for bag-in-box containers is expected to fuel the growth of the bag-in-box containers market in the coming years. A bag-in-box is a kind of container for the distribution and preservation of liquids and is a viable option for packaging of juice, liquid eggs, dairy, wine, and even non-food products such as motor oil and chemicals.
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The bag-in-box containers market is segmented:
1) By Material Type: Low Density Polyethylene, Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Other Material Types (Nylon, Poly-butylene Terephthalate)
2) By Capacity: Less than 5 litres, 5-10 litres, 10-15 litres, 15-20 litres, More than 20 litres
3) By Application: Food And Beverages, Industrial Liquids, Household Products, Other Applications
The growing number of technological advancements is a major trend gaining popularity in the bag-in-box container market. Major companies operating in the bag-in-box container sector are focusing on developing technologically advanced solutions for bag-in-box containers. For instance, in April 2021, Scholle IPN India Packaging Pvt. Ltd., an India-based packaging company that specializes in creating and producing bag-in-box and pouch packaging, launched bag-in-box packaging for water based on Scholle IPN’s proprietary film technology. This bag with two layers of film and a polyethylene closure was put to the test by PFE. Scholle IPN’s RecShield® barrier film is used in the outer layer to prevent undesirable flavors from leaking through the film and into the water. The inner layer consists of Scholle IPN’s proprietary film technology, known as 2PureTM, which contains scavenging technology that protects the taste of the packaged water and can be recyclable and reduce environmental pollution.
The bag-in-box containers market report table of contents includes:
1. Executive Summary
2. Bag-In-Box Containers Market Characteristics
3. Bag-In-Box Containers Market Trends And Strategies
4. Bag-In-Box Containers Market – Macro Economic Scenario
5. Bag-In-Box Containers Market Size And Growth
………………
25. Middle East Bag-In-Box Containers Market
26. Africa Bag-In-Box Containers Market
27. Key Mergers And Acquisitions In The Bag-In-Box Containers Market
28. Bag-In-Box Containers Market Future Outlook and Potential Analysis
29. Appendix
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