USD 3.77 billion
Bag-in-box Market Size, Share, Growth Analysis, By Application(Food & Beverages, Household Products, Industrial Liquids, Others), By Type(Low Density Polyethylene (LDPE), Ethylene Vinyl Alcohol, Ethylene Vinyl Acetate, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25I2006 |
Region:
Global |
Published Date: October, 2024
Pages:
165
|Tables:
65
|Figures:
75
Bag-in-box Market Insights
Bag-in-box 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).
The increasing product adoption in market areas like alcoholic drinks, household cleaning, and milk and dairy products can be credited with the industry's expansion. The makers of packaging products are aiming to satisfy the unmet needs of millennials in the modern market in order to give them the best product in their preferred packaging. An illustration of the transition from conventional wine packaging options to cutting-edge bag-in-box packaging for all types of wines is the enormous surge in demand for this packaging across the rapidly expanding wine sector.
Many wine producers have upgraded to better and more effective packaging options because of bag-in-box packaging's affordability, recyclability, sustainability, and light weight.
Bag-in-box packaging also has a low oxygen transfer rate, which keeps wine from losing its quality and making it a popular choice for wine packaging around the world. Thus, the expansion of the worldwide bag-in-box market and an increase in demand for bag-in-box containers are both directly related to the growth of the wine business globally.
US Bag-in-box Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Food & Beverages
Fastest Growth
Food & Beverages
Growth Rate
6.7% CAGR
Global Bag-in-Box Container Market 2024-2031 ($ Bn)
Country Share for Asia Pacific Region- 2024-2031 (%)
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Bag-in-box Market Segmental Analysis
The global bag-in-box market is segmented based on application, type, and region. Based on application Bag-in-box Market is segmented into food & beverages, household products, industrial liquids, and others. Based on type Bag-in-box Market is segmented into: low density polyethylene (LDPE), Ethylene vinyl alcohol, ethylene vinyl acetate, and others. Based on region, Bag-in-box Market is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Bag-in-box Market Analysis by Application
In 2021, the market was dominated by the food and beverage application sector, which accounted for 68% of total revenue. The need for hygienic packaging solutions is also anticipated to increase due to elements like increased disposable income and health issues among the elderly population in emerging nations. A better way of life, more money to spend, and increased knowledge of healthier products have all contributed to an increase in demand for food and beverage products. Over the course of the projected period, the development of packaging options that make it simple for customers to consume them and the production of numerous new soft drinks will emerge as key growth drivers.
Additionally, producers are expanding their product lines with wholesome items, better snack options, and creative packaging, which is encouraging consumers to use bag-in-box containers and growing the market. Consumers' growing worries about personal hygiene and the expanding use of domestic cleaning products are anticipated to drive market expansion over the coming years. The market in this sector is anticipated to grow as consumer demand for domestic cleansers including fabric fresheners and surface deodorizers increases.
Global Bag-in-Box Container Market By Application 2024-2031 (%)
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Bag-in-box Market Regional Insights
Over the course of the forecast period, the expansion of the bag-in-box container business is expected to benefit from the expanding food and beverage market in Asia Pacific. Demand is anticipated to increase over the forecast period as a result of expanding industrialisation in nations like India and China and rising use of packaged food and beverage items in the region. Due to the advent of eco-friendly household cleaning solutions, household products have become another significant market category. The market is anticipated to be driven by technical developments, such as automatic dishwashing products.
The expansion of the product in the food and beverage sector is predicted to increase demand for bag-in-box containers in Europe. Different kinds of packing in bag-in-box containers are being prioritised by rapidly urbanising and industrialising nations. Over the course of the projected period, it is anticipated that changing consumer consumption patterns and high levels of urbanisation, along with the rising popularity of such packaging, will boost market growth.
Global Bag-in-Box Container Market By Geography, 2024-2031
- Largest
- Fastest
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Bag-in-box Market Dynamics
Bag-in-box Market Driver
- The need for bag-in-box packaging is rising as the alcohol sector looks for quick and affordable packaging options.
- The business for bag-in-box containers is expanding due to the growing demand in industrial fluids for metal deformation, cleaning, and surface treatments.
- Moreover, the market for bag-in-box containers is anticipated to benefit from the growth in demand for domestic goods, dairy products, and e-commerce.
Bag-in-box Market Restraint
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Bag-in-box Market Competitive Landscape
The existence of several international players defines the global market. To increase their market share, businesses use a variety of techniques, including partnerships, agreements, regional growth, mergers, acquisitions, and new product creation. In our bag-in-box market reports, some of the leading luxury bag-in-box manufacturers are as follows: Amcor Ltd. (Australia), Smurfit Kappa (UK), DS Smith (UK), Liquibox (US), Scholle IPN (Australia), CDF Corporation (US), Arlington Packaging (Rental) Limited (UK), CENTRAL PACKAGE & DISPLAY (US), Accurate Box Company, Inc (US), TPS Rental System Ltd (UK), Optopack Ltd (France), Zarcos America (US), Aran Group (US), BiBP Sp. z O.O (Poland), SLF INDUSTRY AND TRADE CO., LTD. (New Zealand)
Top Players in the Global Bag-in-Box Market
- Smurfit Kappa Group
- Liqui-Box Corporation
- DS Smith
- Scholle IPN
- Amcor Ltd
- Optopack Ltd.
- Vine Valley Ventures LLC
- Parish Manufacturing Inc.
- CDF Corporation
- TPS Rental Systems Ltd.
- Arlington Packaging (Riverside Paper Co. Inc.)
- Optopack Ltd.
- Hoover Ferguson Group
- LGR Packaging
- Parish Manufacturing Inc.
- Schott AG
- Zacros America Inc.
- Glenroy Inc.
- Fencor Packaging Group Limited
- TPS Rental Systems Ltd.
Bag-in-box Market Recent Developments
- In December 2021, the Smurfit Kappa Bag-in-Box Ibi factory in Spain has begun producing bags utilising a novel thermo-laminated metallized film, M-Compact 77. Rather than using adhesives as is necessary for traditional lamination, thermo-lamination technology uses heat to glue separate films together.
- In May 2021, new bag-in-box packaging for liquid items is introduced by Scholle IPN. The new environmentally friendly packaging can be used for items like cleaning agents, laundry detergents, lawn care agents, automobile fluids, and beverages.
Bag-in-box Key Market Trends
- Bag-in-box containers produce eight times less carbon dioxide during manufacture than conventional types of packaging. The market for bags in boxes has expanded as a result of rising awareness about carbon emissions, which is encouraging the use of eco-friendly and green products. To boost production efficiency, winemakers are looking into new technology
- The substances known as mineral oil aromatic hydrocarbons (MOAH) come into contact with packaged foods. According to the European Food Safety Authority, MOAH is carcinogenic (EFSA). Bag-in-box producers are incorporating multilayer technology into their product offerings to prevent contamination by MOAH. Bag-in-Box is made of a high-grade material that helps to maintain and safeguard the product's quality while not harming the product's content.
Bag-in-box Market SkyQuest Analysis
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 by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by application, the food and beverage segment is estimated to have the largest share of the market with more than 68% of the global revenue share. Region-wise, Asia Pacific dominated the market, followed by Europe due to the expanding industrialisation in nations like India and China and rising use of packaged food and beverage items in the area.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 3.77 billion |
| Market size value in 2031 | USD 7.21 billion |
| Growth Rate | 6.7% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Bag-in-box Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Bag-in-box Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Bag-in-box 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 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.
Analyst Support
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 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 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.
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