Bag-in-Box Market (Type - Bags, Boxes, Fitment, and Others; End-user - Food and Beverage, and Industrial Products): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

A recent report published by Infinium Global Research on the bag-in-box market provides an 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 the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global bag-in-box market. According to the report, the global bag-in-box market is projected to grow at a CAGR of nearly 4% over the forecast period of 2022-2028. 

Market Insight

The revenue generated by the bag-in-box market was about USD 1700 million in 2022 and is expected to reach over USD 2200 million in 2028 and is expected to grow with a CAGR of nearly 4% over the forecast period 2022-2028. 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 bag-in-box usage. Customers' 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 that is sheltered within a biodegradable external cardboard box, the secondary packaging. This confirms that the 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 than the outer cardboard box, compared to regular rigid glass or plastic bottles.

The rising need for replacing rigid packages which are mostly made up of plastic material and which are high in cost of transportation resulted 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 help in reducing the overall transportation and handling costs. Nevertheless, the development of innovative packaging products is expected to provide growth opportunities to the bag-in-box market in the upcoming future. 

The COVID-19 outbreak had a significant impact on the food & beverage industry across the world. The consumer food & beverage industry observed high demand due to lockdown restrictions in many countries. Moreover, many players in the market faced lower production and supply chain challenges. The variations in consumer buying behavior and the dynamic shifts toward online distribution channels may have severe implications for the near future growth of the business. 

Among the regions, the Europe region holds a significant market share of the global bag-in-box market. The key aspect supporting growth in the Europe 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 millennials and old age people are propelling demand for these products. Advancements in technologies, the apparent development of the quality of Italian and Spanish spirits and wines, and the increasing worry for sustainable alternatives have significantly increased the demand for bag-in-box. The Asia Pacific is the fastest-growing region in the bag-in-box market. This growth is anticipated to continue due to increasing production and sales of chemical products in the region. 

Segment Covered

The report on the global bag-in-box market covers segments such as type, and end-user. On the basis of type, the sub-markets include bags, boxes, fitment, and others. On the basis of end-user, the sub-markets include food and beverage, and industrial products. 

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, Liqui-Box Corporation, Optopack Ltd, and Aran Group. 

Report Highlights:

The report provides deep insights into 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 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 the bag-in-box market. Moreover, the study highlights current market trends and provides forecasts from 2022-2028. 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 insight into the market share of the leading players.