Global bag-in-box container market size is expected to record a CAGR of around 5% between 2022 and 2028 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.
On the basis of type, the low-density polyethylene segment is estimated to contribute an appreciable share to the overall bag-in-box market value through 2028. 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 through 2028. 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 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 market is estimated to depict substantial growth by 2028 driven by an increase in innovations and the usage of 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.
Leading participants across the bag-in-box container market include CDF Corporation, Parish Manufacturing Inc. (DS Smith), Optopack Ltd., DS Smith, TPS Rental Systems Ltd., Amcor, Vine Valley Ventures LLC, Smurfit Kappa Group, Liqui-Box, and others. These companies 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.
Some of the instances have been mentioned below:
The SARS-CoV-2 pandemic has impelled the demand for bag-in-box packaging owing to the surging requirement for detergents, sanitizers, and liquid cleaners. This is because the solutions provide the advantages of increased efficiency, sustainability, and greater protection. Additionally, bag-in-box systems are expected to help brands in tackling a number of challenges ranging from consumers’ hands to factory floors, boosting industry expansion across various regions.