Bag-in-Box Container Market to be Worth $6.77 Billion by 2030: Grand View Research, Inc.

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Jan 19, 2023, 05:18 ET

SAN FRANCISCO, Jan. 19, 2023 /PRNewswire/ --The global bag-in-box container market size is projected to reach USD 6.77 billion by 2030, registering a CAGR of 6.7% over the forecast period, according to a new report by Grand View Research, Inc. The increasing consumption of alcoholic beverages has emerged as a major driving factor fueling demand for the application of bag-in-box containers in the food & beverage industry. The growth of the industry is also fueled by the shift in consumption patterns towards natural food products across the globe.

Key Industry Insights & Findings from the report:

The food and beverages segment in the application scope accounted for the largest share of 65.8% in 2021 owing to an increasing consumption of alcoholic beverages across the globe. However, the household products segment is anticipated to grow at the fastest rate over the forecast period backed by increasing application of bag-in-box containers for the packaging of cleaning products.
Asia Pacific is expected to witness the fastest growth over the forecast period. Increasing exports by counties such as Japan, China, and India coupled with rising popularity of flexible packaging products in the region has bolstered the demand for bag-in-box container.
In China, the bag-in-box container industry is anticipated to witness a reasonable CAGR of 8.2% over the forecast period. The increasing demand for convenience food by time-constrained consumers is expected to drive the market growth in China.
The market for bag-in-box 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 & acquisitions, expansion of product portfolio, and product innovation.

Read 158-page market research report for more Insights, "Bag-in-Box Container Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Industrial Liquids, Household Products), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Bag-in-Box Container Market Growth & Trends

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. Growing urban population across the globe has further contributed to the growth of the industry owing to an 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 (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 the flexible packaging to increase their scale of operation in Europe.

The demand for bag-In-box container in the U.S. is expected to grow due to the presence of well-established food and beverage sector, coupled with high product adoption rates. In addition, presence of numerous manufactures including Smurfit Kappa Group, DS Smith, and Amcor Ltd. is expected to open new avenues for the industry growth over the projected period. The market is characterized by the presence of numerous established players in the market, which mostly operate out of North America with their distribution and manufacturing locations present across the globe. These companies enter into long-term agreements with raw material suppliers to reduce their production costs, ensure constant supply of the materials, and gain competitive edge over other small-scale, local players.

Bag-in-Box Container Market Segmentation

Grand View Research has segmented the global bag-in-box container market on the basis of application and region

Bag-in-box Container Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

Food & Beverage

Alcoholic Beverages

Wine
Beer
Others

Non-Alcoholic Beverages

Soft Drinks
Juices & Flavored Drinks
Water

Others

Tomato Products
Milk & Dairy Products
Liquid Eggs
Edible Oil
Others

Industrial Liquids

Oils
Industrial Fluids
Petroleum Products

Household Products

Household Cleaners
Liquid Detergents
Liquid Soaps & Handwash
Others

Bag-in-box Container Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

North America

U.S.
Canada
Mexico

Europe

Germany
U.K.
France

Asia Pacific

India
China
Japan

Central & South America

Brazil

Middle East & Africa

List of Key Players of Bag-in-box Container Market

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
Hangzhou Hansin New Packing Material Co., Ltd.

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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