Bag-In-Box Container Market size will experience a dynamic growth between 2023 and 2032 given that these products offer a range of benefits to end-users, retailers, and manufacturers. These benefits include reduced carbon footprint, extended product shelf life, user-friendly dispensing, and transportation and storage savings as compared to other packaging alternatives.
The development of heavy-duty packaging is progressing toward the adoption of greener options. Also, the growing trend of businesses switching from plastic or stainless-steel intermediate bulk containers (IBC) to significantly more environmentally friendly corrugated solutions is poised to support bag-in-box container market expansion.
The declaration of the Russia-Ukraine war has created several challenges that have further tested the packaging sector and put market participants in a difficult position. Moreover, the rising inflation rate globally has impacted the market growth, leading to an upsurge in raw material costs.
With respect to type, the low-density polyethylene segment is estimated to contribute an appreciable share through 2032. This is mainly attributed to the high preference for consumer packaging in applications that do not require strength. These applications comprise bags for fresh produce, bread, dry cleaning agents, frozen food, newspapers, and others.
In addition, LDPE products are easy to stretch, flexible, glossy, clear, and have good moisture barrier properties and tear resistance. These properties are expected to bolster segmental expansion over the estimated period.
Based on application, the bag-in-box container market is anticipated to register commendable proceeds from the food and beverage segment in the study period. This is due to the availability of a range of products that are suitable for the packaging of numerous types of liquid foods. Typically, bags used in food and beverage packaging are equipped with efficient and quality accessories and comfortable pouring systems for ensuring uncompromising cleanliness and sealing.
Other factors boosting bag-in-box container demand across the F&B sector comprise the maintenance of shelf life as per customer requirements, prevention of content leakage, and excellent protection for packaged products.
Considering the regional perspective, the Asia Pacific bag-in-box container market is estimated to depict substantial growth by 2032 driven by an increase in innovations and the usage of the latest techniques by manufacturers for the provision of 3D printed prototypes. Furthermore, numerous regional players are taking steps towards the expansion of their APAC footprint through the installation of additional lines for catering to the surging product demand.
Industry participants are focused on the implementation of expansion initiatives such as mergers, acquisitions, novel product developments, and partnerships for securing a competitive edge in the market. CDF Corporation, Parish Manufacturing Inc. (DS Smith), Optopack Ltd., DS Smith, TPS Rental Systems Ltd., Amcor, Smurfit Kappa Group and SEE (Liqui-Box) are some of the major key players operating in the bag-in-box container market.