Overview:

The global bag-in-box containers market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Bag-in-box container is used to store liquids and semi-liquids. These containers help to increase the mean shelf life of the product stored in it. The bag-in-box container is used for storing various food products and industrial products and it works as a convenient packaging solution for them. Also, the bag-in-box containers have light weight hence are beneficial to use during transportation.

Market Dynamics:

Growing consumption of various types of beverages especially alcoholic beverages is a key factor driving growth of the global bag-in-box containers market. The bag-in-box containers play an important role in protection of food and beverages from microbial attacks. Hence, rising awareness and concern about microbial food contamination among general population is resulting in growth of the target market.

In addition, rising demand for bag-in-box containers from the packaging industry is another factor propelling the market growth. This is owing to the low cost of and wide availability of low-density polyethylene, which is a key type of bag-in-box container.

Moreover, rising demand of customized containers among end users across the globe is among the other factors supporting growth of the target market. Furthermore, rising per capita expenditure, growing income level of individuals, and rising demand for packaged food are some other factors resulting in bag-in-box containers market growth. However, availability of alternative product for example cubitainers may affect growth of the target market to a certain extent.

Key Trends:

Growing key companies focus on production capacity improvement to cater the growing demand of bag-in-box containers is a key trend witnessed in the global market. For instance, in September 2019, Rapak, a TriMas company has installed additional production line at its New Zealand based manufacturing facility to serve the growing demand of bag-in-box containers from the Asia Pacific region. This initiative will result in 125% increase in production capacity of Rapak in the near future.

Regional Analysis:

For detailed understanding of market dynamics, the global bag-in-box containers market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Europe region is accounted for major market share in the global market in 2019. This is owing to high demand for bag-in-box containers from alcoholic beverage producers and high adoption of this packaging solution in countries in the region. In addition, high presence of vineries and growing demand for wine products in the region supporting global bag-in-box containers market growth.

In addition, North America follows the Europe market very closely and the market in Asia Pacific region is expected to witness highest growth over the forecast period. The market growth in Asia Pacific region is mainly driven by rising alcoholic product consumption in countries in such as China and India and growing number of domestic players in the region.

Scope of the Report:

Detailed Segmentation:

Global Bag-in-Box Containers Market, By Material Type:

• Low-Density Polyethylene (LDPE)
• Ethylene Vinyl Acetate (EVA)
• Ethylene Vinyl Alcohol (EVOH)
• Other Type

Global Bag-in-Box Containers Market, By Order Type:

• Standard Order Type
• Customized Order Type

Global Bag-in-Box Containers Market, By End Use:

• Food & Beverages
• Industrial Liquids
• Household Products

Key Players Covered:

Key players operating in the global bag-in-box containers market include, Smurfit Kappa Group plc, DS Smith plc, Amcor Limited, Liqui-Box Corp., Scholle Ipn Corporation, CDF Corporation, Vine Valley Ventures LLC (AstraPouch), TPS Rental Systems Ltd., Accurate Box Company, Inc., and Optopack Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Bag-in-Box Containers Market by material type, order type, end use, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global bag-in-box containers market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.