Report ID: SQMIG15G2073
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.
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REQUEST FREE CUSTOMIZATIONBag 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