Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on
bag-in-tube packaging market provides an in-depth analysis of segments and
sub-segments in the global as well as regional bag-in-tube packaging market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional bag-in-tube packaging market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global bag-in-tube packaging market.
According to the report, the global bag-in-tube packaging market is projected
to grow at a CAGR of 16.96% over the forecast period of 2019-2025.
The packaging industry is evolving as the demand from various
industries for different applications is increasing. The various end-use
industries require different types and forms of packaging based on their
application. The bag-in-tube packaging is one of the innovative types of
packaging mainly used for packing liquid products such as wines, oils, juices,
and spirits. The bag-in-tube packaging market is highly fragmented in nature,
where a number of international as well as local market players compete with
each other. The key players in the market including Smurfit Kappa Group Plc,
Industri Bag (Pty) Ltd, Parish Manufacturing Inc, DS Smith Plc, Texa AG, Mondi
Group and others are involved in developing innovative products to maintain
their position.
The rise in demand from the wine industry is majorly driving the
bag-in-tube packaging market. Bag-in-tube packaging is widely used to pack
wines due to its excellent barrier properties and easy dispensing capabilities.
Moreover, the bag-in-tube packaging extends the shelf life of products inside,
which is expanding the growth of the bag-in-tube packaging market. Furthermore,
the cost-effectiveness and efficient packaging solution offered by the
bag-in-tube packaging is expected to boost the demand for the bag-in-tube
packaging. The bag-in-tube packaging is made up of paper and polyethylene,
which are easily available and inexpensive. This makes bag-in-tube packaging
cost-effective. However, the substitutes such as bag-in-box and other packaging
are available in the market, which acts as the major restraining factor for the
growth of the bag-in-tube packaging market. Nevertheless, the increasing
adoption of online retail & home shopping is expected to offer lucrative
opportunities for the key players in the bag-in-tube packaging market.
In terms of region, Europe held the highest market share,
dominating the global bag-in-tube packaging market. The dominance of the
European market attributed to the flourishing wine industry, particularly in
West Europe. Moreover, the growing demand for efficient, lightweight packaging
for high-end wine, spirits, and vegetable oils expected to boost the growth of
the bag-in-tube packaging market in this region. However, the Asia-Pacific the region witnessed the highest growth rate for the bag-in-tube packaging market.
The report on global bag-in-tube packaging market covers segments
such as material, capacity, and end-use. On the basis of material, the
sub-markets include EVOH barrier + PE, and metallized PET film. On the basis of
capacity, the sub-markets include less than 1000 ML, 1000 to 2000 ML, 2001 to
3000 ML, and more than 3000 ML. On the basis of end-use, the sub-markets
include wine, spirit, olive oil, fruit juices, and other end-uses.
The report provides profiles of the companies in the market such
as Smurfit Kappa Group Plc, Industri Bag (Pty) Ltd, Parish Manufacturing Inc,
DS Smith Plc, Texa AG, Mondi Group, Compositub, S.A., FrontPac AB, WestRock
Company, and Other Companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of bag-in-tube packaging market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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