The Global Bag-In-Box Container Market Size is Projected to Reach USD 5.8 Billion by 2028, Expanding at a CAGR of 6.5%

Dublin, Dec. 17, 2021 (GLOBE NEWSWIRE) -- The "Bag-in-Box Container Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Industrial Liquids, Household Products), By Region, And Segment Forecasts, 2020 - 2028" report has been added to ResearchAndMarkets.com's offering.

The global bag-in-box container market size is projected to reach USD 5.8 billion by 2028, expanding at a CAGR of 6.5%. The increasing usage for packaging of alcoholic beverages and dairy products has emerged as a major driving factor fueling demand for bag-in-box containers in the food and beverage industry. The growth of the industry is also fueled by the shift in consumption patterns towards natural food products across the globe.

Another important factor bolstering the demand for bag-in-box containers is the increasing consumption in the household products industry. In this regard, household products, most notably surface cleaners and surface deodorizers, are being increasingly packaged using bag-in-box containers. The growing urban population across the globe has further contributed to the growth of the industry owing to the increasing consumption of hygiene-promoting products in households. Furthermore, the industry is driven by the rise in the packaging of low-foam detergents in bag-in-box containers coupled with their rising consumption (low-foam detergents).

Europe has witnessed a considerable surge in the adoption rate of bag-in-box containers in the recent few years. The demand for the product in this region is principally driven by the food sector and is backed by the increasing demand and consumption of cooking oils and sauces. In addition, the demand for the product is also augmented by the shift towards organic and healthy food. The region has also been witnessing high demand for convenient and flexible packaging solutions. This development has been encouraging major food brands operating in flexible packaging to increase their scale of operation in Europe.

Low-density polyethylene and vinyl alcohol are the key raw materials used in the manufacturing of bag-in-box containers. These products are derived from crude oil and thus its price fluctuations affect the raw material pricing, further constraining the use of bag-in-box containers for various applications.

The majority of the market is captured by well-established players with extremely high production capacities along with superior and advanced product development facilities. These companies have their production facilities across the world to serve the global base. A new entrant will require to replicate or provide a notable distribution ability to have a significant presence in the market. As a result, the threat of new entrants in the market is low.

Bag-In-Box Container Market Report Highlights

• The food and beverages application segment accounted for the largest share of the industry revenue in 2020, driven by the growing consumption of alcoholic beverages across the globe

• The household application segment is anticipated to grow at the fastest rate of 7.7% over the forecast period, due to the increasing adoption of bag-in-box containers for the packaging of cleaning products

• Asia Pacific is expected to witness the fastest growth rate of 7.4% over the forecast period. Increasing exports by countries such as Japan, China, and India, coupled with the rising popularity of convenient packaging solutions in the region has bolstered the demand for the product.

• The rapid growth of the product in China, projected at a CAGR of 7.9% over the forecast period, can be attributed to rising domestic competition (vendors), growing dual-income, and rising disposable incomes

• The market represents a highly competitive landscape with a sizable number of players sharing the market space. Some of the key competitive strategies employed by the key players include mergers and acquisitions, expansion of product portfolio, and product innovation.

• Small and medium enterprises majorly cater to the regional market needs. The competitive rivalry is anticipated to be high as manufacturers are increasingly looking for innovative products and technologies which come at high prices.

Companies Mentioned

• Amcor Ltd.

• Smurfit Kappa

• DS Smith

• Liquibox

• Scholle IPN

• CDF Corporation

• Arlington Packaging (Rental) Limited

• CENTRAL PACKAGE & DISPLAY

• Accurate Box Company, Inc

• TPS Rental System Ltd

• Optopack Ltd

• Zarcos America

• Aran Group

• BiBP SP. z O.O

• SLF INDUSTRY AND TRADE CO., LTD

Key Topics Covered:

Chapter 1. Methodology and Scope
1.1. Information Procurement
1.2. Information Analysis & Data Analysis Models
1.3. List of Data Sources

Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Market Insights
2.3. Segmental Outlook
2.5. Competitive Insights

Chapter 3. Bag-in-Box Containers Market: Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent market Outlook: Flexible Packaging Market
3.1.2. Related Market Outlook: Flexible Intermediate Bulk Container Market
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.3.1. Raw Material Trends
3.3.1.1. Raw Material Analysis
3.3.1.1.1. Low-Density Polyethylene (LDPE)
3.3.1.2. Procurement Best Practices
3.3.2. Manufacturing Trends
3.3.2.1. Technology Trends
3.3.2.2. Outsourcing and Contract Manufacturing Trends
3.3.3. Cost Structure and Profit Margin Analysis
3.3.3.1. Profit Margin and Cost Analysis
3.3.3.2. Average Selling Price Analysis
3.3.4. Sales Channel Analysis
3.3.5. Vendor Selection Criteria
3.4. Technology Overview
3.4.1. Technology Timeline
3.4.1.1. Blown Film
3.4.1.2. Cast Film
3.4.1.2.1. Co-extrusion
3.4.1.2.2. Bioplastic Manufacturing
3.5. Regulatory Framework
3.5.1. Food & Drugs Act
3.5.2. Consumer Packaging and Labelling Act
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.1.1. Growth of Food & Beverage Industry
3.6.1.2. Growing Demand for Household Products
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environmental Analysis
3.8. Impacts of COVID-19

Chapter 4. Bag-in-Box Containers Market: Application Estimates & Trend Analysis
4.1. Application Movement Analysis & Market Share, 2020 & 2028
4.2. Food & Beverages
4.3. Household Products
4.4. Industrial Liquids

Chapter 5. Bag-in-Box Containers Market: Regional Estimates & Trend Analysis
5.1. Regional Movement Analysis & Market Share, 2020 & 2028
5.2. North America
5.3. Europe
5.4. Asia Pacific
5.5. Central & South America
5.6. Middle East & Africa

Chapter 6. Competitive Landscape
6.1. Key global players & recent developments & their impact on the industry
6.2. Key Innovators, Market Leaders, and Emerging Players
6.3. Vendor Landscape
6.4. Public Companies
6.5. Private Companies

Chapter 7. Company Profiles
Full list above


For more information about this report visit https://www.researchandmarkets.com/r/saq9av

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