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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