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

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.