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Bag in Box Market ( Components - Bags, Boxes, Fitment, and Others; End-use Sector - Food and Beverage (Edible Oil, Beverages, and Dairy) and Industrial): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : December, 2021

  • Rep Id : CGP00158

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on the bag in box market provides in-depth analysis of segments and sub-segments in the global as well as regional bag in box market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional bag in box 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 box market. According to the report, the global bag in box market is projected to reach USD 2 Billion in 2027 from USD 1.6 Billion in 2020, growing with a CAGR of 3.9% over the forecast period of 2021-2027.

 

Market Insight

Bag-in-Box is a sustainable alternative of packaging for many industries such as juice, wine, liquid eggs, dairy, and also non-food applications such as motor oil and chemicals. The rise in demand for hygienic, cost-effective, and convenient packaging solutions in comparison to traditional liquid packaging choices such as glass and metal containers is a chief factor for solid growth in the bag-in-box usage. The rising customer's need for versatile and spill proof packaging solutions for their beverages has resulted in increasing demand for bag-in-box. Bag-in-box comprises a sturdy, anti-rupture flexible bag with a dispensing tap containing the liquid inside. It is a primary packing-which is sheltered within a biodegradable external cardboard box, the secondary packaging. This confirms that dispenser is not damaged thereby evading product leaks, unhappy customers, and product refunds during the e-commerce supply. Bag-in-box provides the right sized shipment solution with greater efficiency of the outer cardboard box, compared to regular rigid glass or plastic bottles

The need for replacing rigid packages is growing which are made up of plastic materials and require high transportation costs resulting in the development of bag-in-box packaging solutions. Bag-in-box packaging solutions can keep stored contents safe on turbulent trips. The rise in demand for hygienic, cost-effective, and convenient packaging solutions in comparison to traditional liquid packaging choices such as glass and metal containers is a major factor in enabling solid growth in bag-in-box consumption. And also, the lightweight characteristics of the bag-in-box helps in reducing the overall transportation and handling costs. Nevertheless, the development of innovative packaging and packaging products is expected to provide growth opportunities to the Bag-in-Box market in the upcoming future. The COVID-19 outbreak faced no significant impact on the food & beverage industry demand across the world. However, due to lockdown restrictions in many countries, many players in the market faced lower production and supply chain challenges. The variations in consumer buying behavior and the dynamic shifts towards online distribution channels are also expected to have positive implications on the growth of the business in the near future.

 

Among the regions, Europe accounted for the largest share in the global Bag-in-Box Market. The key aspect supporting growth in the European region is that several leading alcoholic and nonalcoholic beverage manufacturing companies are located in this region, due to the tremendous growth of wine production and consumption in these countries. Moreover, changing dietary preferences among millennial and old age people are propelling demand for these products. Due to advancements in technologies, the development quality of Italian and Spanish spirits and wines, is increasing the worry for sustainable alternatives having significantly increase the demand for bag-in-box. China is the second-largest consumer of bag-in-box packaging. This growth is anticipated to continue due to increasing production and sales of chemical products

 

Segment Covered

The report on global bag in box market covers segments such as by Components, and by end-use sector. On the basis of By Components, the sub-markets include bags, boxes, fitment, and others. On the basis of by end-use sector, the sub-markets include Food and Beverage (edible oil, beverages, and dairy) and Industrial Sectors.

 

Bag in Box Market


Companies Profiled:

The report provides profiles of the companies in the market such as Smurfit Kappa, DS Smith PLC, Scholle IPN, CDF Corporation Inc., Accurate Box Company, Arlington Packaging (Rental) Limited, Amcor Ltd, Accurate Box Company, Inc, Optopack Ltd, and Aran Group.

 

Report Highlights:

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 box market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. 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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