USD 3.77 billion
Report ID:
SQMIG15G2073 |
Region:
Global |
Published Date: July, 2001
Pages:
242
|Tables:
63
|Figures:
75
Bag In Box Container Market size was valued at USD 3.77 billion in 2019 and is poised to grow from USD 4.02 billion in 2023 to USD 7.21 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).
Bag in box containers are used as the packaging material for packaging various products like food, beverages, household product. Bag-in-box containers act as extra protection during transportation which helps to carry food with the ease. Generally, it is light in weight with varied sizes. Its speciality is that it is chemical inert towards the food substances.
The bag-in-box container industry is witnessing a surge in demand from the wine industry. Wine production is expected to increase steadily as manufacturers adopt advanced packaging solutions such as bag-in-box containers as alternative packaging. Because of rising alcoholic beverage consumption, the market for bag-in-box containers in the alcoholic beverage segment is expected to grow. Growth in alcoholic beverage consumption in developed economies is expected to drive market growth.
Over the forecast period, the bag-in-box container market is expected to be driven by rising household product demand. The rising popularity of household cleaners such as surface deodorizers and cleaners is expected to drive demand for bag-in-box containers in this market. Growing urban population has increased demand for hygiene-promoting products such as household cleaners.
US Bag In Box Container Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.77 billion
Largest Segment
Ethylene Vinyl Alcohol
Fastest Growth
Ethylene Vinyl Alcohol
Growth Rate
6.7% CAGR
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Global bag in box container market is segmented based on material type and application. On the basis of material type, the market is classified as Ethylene Vinyl Alcohol, Low-Density Polyethylene (LDPE) and Ethylene Vinyl Acetate. Based on application, the market is classified as food & beverages, industrial fluids (including pharmaceutical & agrochemicals) and household & personal care.
Bag In Box Container Market Analysis by Material Type
On the basis of material type, the low-density polyethylene segment dominated the global bag-in-box market. Its demand is high owing to high preference for consumer packaging in applications that do not require any kind of strength. These applications comprise the bags for fresh produced products, bread, dry cleaning agents, frozen food, newspapers, and others. Bag-in-box container made of LDPE offers significant characteristics such as outstanding performance, dependability, chemical resistance, packaging waste drop, and excellent oxygen barrier property, which is increasing its demand across various industry sectors.
Furthermore, due to the rising global demand for wine, the ethylene vinyl acetate segment of the market is expected to maintain stable sales in the coming years. Increasing wine demand, owing to an increase in the number of resto bars, and urbanization are driving market growth.
Bag In Box Container Market Analysis by Application
The global market was dominated by the food and beverage application segment. Furthermore, factors such as rising disposable income and health concerns among the developing world's elderly are expected to drive demand for hygienic packaging solutions. Improved lifestyles, increased disposable income, and growing consumer awareness of healthier alternatives have resulted in increased demand for food and beverage products. The introduction of such packaging solutions that provide consumers with ease of consumption, as well as the production of a large number of new soft drinks, will emerge as significant growth drivers.
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In Asia Pacific, the market is expected to grow fast over the forecast period. The rising food and beverage market in Asia Pacific has created a huge positive impact on the bag-in-box container market growth. Increasing industrialization and population in countries like India and China, integrate with the increasing adoption of packaged food and beverage products in the region is expected to propel high level demand over the forecast period. Moreover, household products gained notable market due to the introduction of eco-cleaning household products. In addition, new technological advancements is expected to influence the bag in box container market.
The demand for bag-in-box containers in Europe is expected to grow owing to the growth of the food and beverage industry. Consumers' changing consumption patterns and high levels of urbanization, combined with the increasing popularity of such packaging, are expected to drive market growth over the forecast period. Increased R&D investments by packaging manufacturers to enable the incorporation of new features such as shape, size, and features are expected to increase demand for the bag-in-box container in this region in the forecast period.
People's growing health concerns, combined with a demand for hygienic products, are expected to drive the market over the forecast period. Consumption of packaged nutritional food products, which provide benefits such as food safety and quality at reasonable prices, is expected to drive the market in the region over the forecast period.
People's growing health concerns, combined with a demand for hygienic products, are expected to drive the market over the forecast period. Consumption of packaged nutritional food products, which provide benefits such as food safety and quality at reasonable prices, is expected to drive the market in the region over the forecast period.
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Bag In Box Container Market Driver
Bag In Box Container Market Restraint
Availability of Substitute Products to Impede the Market Growth
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Global bag in box container market is highly competitive and somewhat integrated. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating providing bag in box packaging solutions which made using sustainable raw materials.
Top Players in the Global Bag-in-Box Container Market
Bag In Box Container Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global bag-in-box container market report analysis, in terms of material type, the polythene segment held a larger market share. This is due to its easiest usability and large bearing strength. In terms of application, the food and beverages segment held the larger share of the bag in box container market. This is because it is available in various range and variety. Moreover, it is efficient and has the comfortable pouring systems.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.77 billion |
Market size value in 2031 | USD 7.21 billion |
Growth Rate | 6.7% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Bag In Box Container Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Bag In Box Container Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Bag In Box Container Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Bag In Box Container Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Bag In Box Container Market size was valued at USD 3.77 billion in 2019 and is poised to grow from USD 4.02 billion in 2023 to USD 7.21 billion by 2031, growing at a CAGR of 6.7% in the forecast period (2024-2031).
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Report ID: SQMIG15G2073
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