- Press Release
- Bag-in-Box Container Market to Surpass US$ 4.0 Billion by 2027
Bag-in-Box Container Market to Surpass US$ 4.0 Billion by 2027 - Coherent Market Insights
Published On : Feb 19, 2020
Bag-in-box is a packaging container that includes bladder (plastic bag) produced from materials such as low-density polyethylene (LDPE), ethylene vinyl acetate, and ethylene vinyl alcohol. The overall bag-in-box assembly covers the corrugated box, fitment, bladder, and tap, and these containers are widely used for packaging of food & beverages products and storing industrial liquid products. Food & beverages products, household products, and industrial liquid products are some of the major end-user of bag-in-box. They are ideal for the packaging of liquid products such as beverages, chemicals, and cosmetics lotions.
The global bag-in-box container market was estimated to be valued around US$ 3.0 billion in terms of revenue in 2018 and is predicted to grow at a CAGR of 4.6% during the forecast period (2019 to 2027)
Drivers
Growing demand for bag-in-box from alcohol industry where it is used to package the alcohol is projected to propel the market growth of bag-in-box. This container offers easy packaging, the barrier to oxygen, and is a cost-efficient solution for the packaging of alcohol. According to the Coherent Market Insights, the alcohol manufacturing industry accounts for approximately 57% of global demand for the bag-in-box containers. Moreover, across developed countries such as Australia, Sweden, Norway, the U.S, and the U.K, the share of bag-in-box for wine, the packaging is relatively high as compared to that in developing countries.
Market Opportunities
The growing demand for bag-in-box containers from the dairy industry is expected to offer potential growth opportunities to the market in the future. Bag-in-box has multifaceted applications in the dairy industry owing to its low cost as compared to conventional packaging and environmentally friendly advantages. Moreover, milkshakes and smoothies are the fastest-growing segments in the dairy industry which are projected to augment the market growth of Bag-in-Box Containers over the forecast period.
Market Restraints
Rising adoption of cubitainer containers as an alternative to bag-in-box containers is projected to restrict market growth over the forecast period. Cubitainer is a cube-shaped liquid handling product made of LDPE and is widely used for industrial applications such as food and beverage and household application and they are best suited for condiments, liquids, and other similar products. Therefore, the rising adoption of such an alternative is expected to hinder the market growth over the forecast period.
Key Takeaways
On the basis of end-use, industrial liquid products dominated the global bag-in-box container market in 2018 with around 50% of market share in terms of revenue, followed by food & beverages products and household products, respectively.
Market Trends
The growing trend of a healthy lifestyle is fueling the demand for hygienic food and packaging solutions which in turn stimulates the market growth of bag-in-box containers. Moreover, food and drug administration (FDA) are implementing strict regulations on packaging solutions and packaging materials which are compelling manufacturers to introduce aseptic packaging solutions and manufacturing processes. This factor is projected to augment the market growth of the bag-in-box container over the forecast period.
Increasing launch of innovative bag-in-box containers by the manufacturer in order to meet the rising need is expected to propel the market growth over the forecast period. For instance, in January 2019, Smurfit Kappa, the leader in Bag-in-Box® packaging solutions, has launched a new high speed, triple head, and automatic filling machine. The new machine is capable of filling up to 45 number of 3L Bag-in-Box containers per minute on its three state-of-the-art filling valves.
Competitive Section:
Key players active in the global bag-in-box container market are Smurfit Kappa Group, DS Smith, Amcor Limited, Liqui-Box, Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Parish Manufacturing Inc., TPS Rental Systems Ltd., and Optopack Ltd.
Few Recent Developments
Liqui-Box
Scholle IPN
Market Taxonomy
By Material Type
By End-Use
By Order Type
By Region
Joining thousands of companies around the world committed to making the Excellent Business Solutions.