Bag-In-Box Container Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4032
Bag-In-Box Container Market size is likely to witness a significant gain owing to growing product demand from foods & beverage industry. These containers are predominantly utilised in foods and beverage industry owing to beneficial characteristics including eco-friendly, ease or handling, extended shelf life and microbial protection which should accelerate industry growth.
Bag-in-box container is a type of container majorly utilised for liquid storage and transportation This container is made of components including bladder and several layers of metallised films which is seated inside a corrugated box. The fluid is filled inside container by removing tap, fills bag and replaces tap and places inside the box. This container finds major applications in household products, food & beverage, liquid foods, alcoholic & non-alcoholic beverages and industrial liquids which should promote industry growth.
Bag-in-box container market size from Low-Density Polyethylene (LDPE) type may experience appreciable growth in the projected time frame. Rising product demand for packaging application owing to low cost and abundant availability of LDPE should accelerate industry growth. LDPE type bag-in-box container offers persuading attributes including reliability, excellent performance over broad temperature range, packaging waste reduction, chemical resistance and high oxygen barrier property which should stimulate product demand.
Bag-in-box container market size from Ethylene Vinyl Acetate type may witness a steady demand over forecast period owing to rising wine demand. Rising wine demand owing to increasing resto bars, urbanisation and purchase parity should stimulate industry growth. Growing product utilisation owing to persuading characteristics including good clarity, low temperature toughness, stress crack resistance, hot melt adhesive waterproof and UV radiation resistance which should stimulate industry growth.
Bag-in-box container market size from household products application may experience appreciable growth in the projected time frame. Rising household cleaners products demand including surface deodorizer and surface cleaner owing to easy usability and manoeuvrability characteristics should stimulate industry growth.
Growing industrial fluids demand for processes including metal deformation, metal removal and cleaning & surface preparations owing to increasing industrialisation should propel bag-in-box containers industry. Changing consumer preference towards bag-in-box container over metal & plastic containers owing to low price, easy logistics, lightweight, storage efficiency and product safety should accelerate industry growth.
Availability of low-cost substitutes including plastics and glass bottles should hinder product demand. Rising demand for plastic bottles from soft drinks industry should hamper industry profitability.
North America, led by Mexico, Canada and the U.S. bag-in-box container market size is anticipated to rise significantly in the projected time period. Presence of major food & beverage companies including Pepsi co, Kellogg’s and Tyson Food along with focussing on innovative and affordable packaging. Rising beverages demand including Coffee jolts soda, bottle water, juice & energy drinks owing to increasing millennial population should support the market growth.
Europe, driven by UK, Spain, Italy, France and Germany bag-in-box container market size may observe steady gains. Rising wine production in countries including Spain, Italy and France owing to increasing export activities should accelerate product demand as effective packaging solution. Affirmative government initiatives including European Union vine planting scheme aiming to increase wine product by expanding planting areas by 1% which should stimulate bag-in-box container market growth.
Asia Pacific led by, Australia, Japan, South Korea, India and China bag-in-box container market is anticipated to experience significant growth. Rising packaged food and beverages demand owing to increasing working population resulted by rapid industrialisation should stimulate product demand. Increasing cooking oil consumption including olive, sunflower and palm owing to cholesterol free characteristics resulted by healthy lifestyle adaption should accelerate product demand.
Bag-in-box container market share is moderately fragmented. The key players operating in the market includes DS Smith, Smurfit Kappa Group, Liqui-Box, Amcor Limited, CDF Corporation, Scholle IPN, Parish Manufacturing Inc., Vine Valley Ventures LLC, Optopack Ltd., and TPS Rental Systems Ltd.
Companies are majorly focusing on acquisitions, mergers, novel product development and boosting production capacities to cater worldwide product demand. In 2019, Liqui-Box, global supplier of bag in box flexible packaging for dairy, beverages and bulk food industries announced acquisition of DS Smith PLC’s plastics division. Through this acquisition, the company will be able to merge its technological know-how and creating innovative products, thus catering a broad range of customers resulting in attaining strong market position.
In 2019, Smurfit Kappa launched its latest filling machine named Triple head automatic filling machine. This machine will be able to fill 45 three litre bag-in-box container in a minute. Through this launch, the company will be able to cater increasing demand resulting in industry profitability.
In 2018, Pinkster, a beverage company launched Pinkster on Tap which is a three-litre bag-in-box container of infused raspberry gin for on and off trade channels. This container creates 85% less landfills than glass or plastic bottle. Through this launch, the company aims for sustainable and eco-friendly packing solutions, thus accelerating bag-in-box container industry growth.
Bag-In-Box Container Market, By Type, 2014-2025 (USD Million)
- Low-Density Polyethylene (LDPE)
- Ethylene Vinyl Alcohol
- Ethylene Vinyl Acetate
Bag-In-Box Container Market, By Application, 2014-2025 (USD Million)
- Food & Beverage
- Household Products
- Industrial Liquids
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
- Smurfit Kappa Group
- DS Smith
- Amcor Limited
- Scholle IPN
- CDF Corporation
- Vine Valley Ventures LLC
- Parish Manufacturing Inc
- TPS Rental Systems Ltd
- Optopack Ltd.
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