The Bag-in-box Containers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Bag-in-box Containers Global Market Report 2024, The bag-in-box container market size has grown strongly in recent years. It will grow from $4.18 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth in the historic period can be attributed to packaging efficiency, extended shelf life, cost-effectiveness, wine and beverage industry trends, reduced environmental impact.
The bag-in-box container market size is expected to see strong growth in the next few years. It will grow to $6.28 billion in 2028 at a compound annual growth rate (CAGR) of 8.6%. The growth in the forecast period can be attributed to changing consumer lifestyles, expanding application in non-food sectors, sustainability and eco-friendly packaging, innovations in dispensing systems, global e-commerce growth. Major trends in the forecast period include use in industrial and institutional applications, advancements in barrier films and materials, customization for branding and marketing, increased adoption in the pharmaceutical industry, focus on convenience and portability.
The increasing expansion of food and beverage industry is expected to propel the growth of bag-in-box containers market going forward. The food and beverage industry refers to the sector of the economy that involves the production, processing, distribution, and sale of food and drink products. In the food and beverage industry, bag-in-box containers are commonly used for packaging liquids such as juices, wines, and syrups. These containers provide a convenient and efficient way to store and dispense large quantities of liquids, offering benefits such as extended shelf life, ease of transportation, and reduced packaging waste. For instance, in April 2022, according to the reports shared by the Common Thread Collective, a US-based e-commerce growth agency, global food and beverage sales were $506 billion in 2022 and are expected to reach $857 billion by 2025. Furthermore, in September 2022, according to Statistics Sweden, a Sweden-based government agency, food and beverage sales in 2021 were $30.74 billion (SEK 334 billion), an increase of 2.9%, or $8.28 billion (SEK 9 billion), from 2020. Therefore, the increasing expansion of the food and beverage industry is driving the growth of the bag-in-box containers market.
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The bag-in-box containers market covered in this report 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 analysis
5.Bag-in-box Containers Market Size And Growth
6.Bag-in-box Containers Segmentation
7.Bag-in-box Containers Regional And Country Analysis
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27.Bag-in-box Containers Competitive Landscape And Company Profiles
28.Bag-in-box Containers Key Mergers And Acquisitions
29.Bag-in-box Containers Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Amcor Ltd.
- Smurfit Kappa Group
- D S Smith
- Liqui Box Corporation
- Scholle IPN
- Zevathener
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