Reliable Data You Can Trust
Reliable Data You Can Trust
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 grow at a CAGR of nearly 4% over
the forecast period of 2022-2028.
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.
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.
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.
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.
Please Choose One of them.