Press release
Bag-in-box Container Market Trends, Size, Share, Company Overview, Growth and Forecast by 2029
The coronavirus incident has caused enormous losses to various industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
The report on bag-in-box container market incorporates:
All-embracing evaluation of the market
Valuable insights into the segments
Latest trends and important drivers
Dominant regions
Key Development
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Market Driver:
Acquisition of DS Smith Plc by Liqui-Box Corp to Aid Business
The increasing partnerships and collaborations among major companies can have a tremendous impact on the global market. For instance, in March, 2019, Liqui-Box Corp signed an agreement to acquire DS Smith plc. This deal is expected to strengthen the company's distribution and manufacturing capabilities in the forthcoming years. Furthermore, the growing adoption of bag-in-box containers in the food & beverage industry can greatly impact the market. Other sectors also accept these containers due to shelf life, negligible or zero contamination, inertness, and superior mechanical strength. Restaurants, hotels, and catering services prefer it due to its handling and storage benefits and preserving the original flavor. Besides, the materials used in these containers are approved by various regulatory agencies for food contact that ensures consumers' safety.
Nevertheless, complications and strict norms regarding quality control can hamper the growth of the market. Also, the adverse environmental impact of such containers is expected to dampen the development of the market. As per the World Economic Forum, only 9% of the plastic has been recycled to date of the total plastic generated until the 1950s.
Regional Analysis:
Improving Socio-political Conditions to Augment Growth in Europe
The market in Asia Pacific is expected to hold the largest share during the forecast period. The growing demand for bag-in-box containers in the food & beverage industry is expected to augment growth in the region. The lucrative market for FMCG goods is expected to contribute positively to the market growth in Asia Pacific. North America is the largest producer of bag-in-box containers. The wine industry accounts for a significant share in the consumption of bag-in-box containers in the region. The market in North America is expected to rise rapidly during the forecast period due to the region's existing companies. Europe is expected to increase exponentially due to the increasing food consumption in the region. Latin America is expected to hold the largest share due to rising disposable income and improving socio-political conditions in the region. The rising consumption of FMCG products is expected to bolster the bag-in-box containers market in the region.
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Key Development:
October, 2019: Liqui-Box Corp, a manufacturer of liquid packaging products headquartered in the USA, agreed to sell its bag-in-box business to Peak Packaging in the UK.
The Report Lists the Key Companies in the Global Bag-In-Box Container Market:
Aran Group
Liqui-Box
Rapak (DS Smith)
Scholle IPN
Vine Valley Ventures LLC
Amcor plc
Optopack Ltd.
Smurfit Kappa
SLF Packaging
Gemini Packaging
aspla Plásticos Españoles, S.A.
Steriltom
Ruijin XinChen Technology Co., Ltd
ChangZhou FengDi Plastic Technology Co., Ltd.
Qingdao Zhongbang Packaging Co., Ltd.
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