ALBANY, N.Y., Nov. 11, 2020 /PRNewswire/ -- Bag-in-box containers have emerged as the innovative flexible packaging for a variety of liquid products. Cosmetics and personal care, the food and beverage industries are keen on harnessing the packaging type to meet the propositions of high shelf-life, low carbon footprint, and increased safety of the packed products. Demand for high-end flexible packaging for the dairy industry and juice industry will act as a potential engine for growth for packaging companies in the bag-in-box containers market.
With brands consistently putting strong focus on reducing the environmental impacts of industrial operations, end-use industries benefit from the expanding product portfolio of providers of bag-in-box containers, opine analysts at TMR.
They further assert that the demand for hygienic solution for the wine industry will propel uptake of bag-in-box containers.
The adoption of packaging polymers with better performance characteristics help reduce the carbon footprint of the storage and transportation of liquid products in the bag-in-box containers market.
The global bag-in-box containers market is projected to clock CAGR of ~ 5% during 2019-2027, and is estimated to reach mark of ~ US$ 4.5 Bn by 2027.
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Key Findings of Bag-in-Box Containers Market Report
- Most end-use industrial verticals are preferring plastic materials over paper and paperboard
- However, plastics will not replace paper as the raw material in near future
- Bag-in-box containers market is moderately fragmented
- Rise in demand for alcoholic beverages sub-segment propels revenue expansion
- Of the various capacity in bag-in-box containers market, less than 5 liters capacity segment is replete with opportunities during 2019 – 2027
- Europe is expected to attract incremental dollar opportunity
- Asia Pacific and North America expected to be key contributors to revenues
Explore 159 pages of top-notch research, incisive insights, and detailed country-level projections on Bag-in-Box Containers Market (Material Type: Paper & Paperboard (Corrugated Cardboard, Solid Board), Plastic (LDPE, EVA, Metallized PET, EVOH, Nylon, Others) End Use: Food & Beverages (Alcoholic Beverages (Wine & Spirits, Beer, Others)), (Non-alcoholic
Beverages (Fruit Juice & Pulp, Sports & Energy Drinks, Ice Tea & Coffee, Others)), (Dairy Products, Water, Sauces, Vinegar & Flavorings, Liquid Egg Products, Others), (Industrial (Chemicals, Detergents, Floor Cleansers, Lubricants, Oils, Adhesives, Inks)), (Cosmetics & Personal Care (Creams & Lotions, Shampoos & Conditioners, Others)) Capacity: Less than 5 Liters, 5 to 10 Liters, 10 to 15 Liters, 15 to 20 Liters, More than 20 Liters) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 – 2027 at https://www.transparencymarketresearch.com/bag-in-box-containers-market.html
Bag-in-Box Containers Market: Key Driving Factors and Promising Avenues
- The key business proposition for the vast adoption of different packaging types in the bag-in-box containers market is low carbon-footprint. Per the Environment Impact Assessment (EIA) findings, bag-in-box containers have lower carbon footprint over numerous rigid packaging. Earth-friendly brands are thus getting attracted to bag-in-box containers.
- Wine producers have increasingly been adopting bag-in-box containers, and is a key trend propelling the expansion in the bag-in-box containers market.
- Bag-in-box containers have emerged as an attractive option for food and beverages manufacturers, due to their role in reducing the transportation and handling costs.
- The rising popularity of non-alcoholic beverages is a key driver for demand in the bag-in-box containers market. The use of high barrier films used as bladders is boosting the market.
- The need for preserving the shelf-life of liquid products is also boosting the uptake. A key way that has been achieved is by regulating oxygen transmission rate (OTR) of packaging.
Analyze global bag-in-box containers market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
Bag-in-Box Containers Market: Key Impediments to Stakeholders
The growing presence of alternative packaging solutions notably cubitainers has restrained the growth avenues. The latter is low on capital expenditure since they don't need expensive machinery. Thus, the adoption of cost-effective packaging lines has put a stiff competition to players in the bag-in-box containers market.
Bag-in-Box Containers Market: Regional Dynamics
Europe is a highly lucrative region. The growth is driven by the rising adoption of the packaging types among vine producers and for packaging alcoholic beverages. Also, the region is one of the most prominent vine producers.
The Europe market is trailed by North America and Asia Pacific. The opportunities in these regional markets are driven by vast adoption of the packaging type in the cosmetics, personal care, and food and beverages industries.
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The global bag-in-box containers market is segmented as:
Bag-in-box Containers Market by Capacity
- Less than 5 Liters
- 5 - 10 Liters
- 10 - 15 Liters
- 15 - 20 Liters
- More than 20 Liters
Bag-in-box Containers Market by Material Type
- Solid Board
- Ethylene Vinyl Ace
- Ethylene Vinyl Alco
Bag-in-box Containers Market by End Use
- Food & Beverages
- Alcoholic Beverages
- Wine & Spirits
- Non-Alcoholic Beverages
- Fruit Juices
- Sports & Energy
- Iced Tea & Coffee
- Dairy Products
- Sauces, Vinegar, & Flavouring
- Liquid Egg Products
- Floor Cleansers
- Cosmetics & Personal Care
- Creams & Lotions
- Shampoo & Conditioners
Bag-in-box Containers Market by Region
- North America
- Latin America
- Asia Pacific (APAC)
- Middle East & Africa (MEA)
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