Press release
Bag-in-Box Containers Market Poised to Garner Maximum Revenues during 2019-2027
Bag-in-box containers are used as convenient packaging solutions for packaging products such as, food & beverages, household, and industrial liquid products. Bag-in-box containers provide extra protection during transportation and can carry and package liquids efficiently. It is light in weight and helps in reduction in space during the process of storage and transportation. The demand for customized packaging is increasing due to the production of novel and variety of products. In addition, the growing trend of the use of high-quality and attractive printed packs to grab the attention of consumers has led to the growth of the bag-in-box container market. The demand for alternatives for plastic packaging containers for environmental reasons has projected the growth of the bag-in-box container market. The global bag-in-box container market is estimated to expand at a CAGR of 5% during the forecast period of 2019-2027.Research Report: https://www.transparencymarketresearch.com/bag-in-box-containers-market.html
Food and Beverage Sector to Lead Bag-in-box container market
The global bag-in-box container market is segmented into food & beverages, household products, and industrial liquid products. The food & beverages segment is further classified into alcoholic and non-alcoholic beverages. The global bag-in-box container market is gaining traction due to rising demand from the wine industry. The box-in-box containers are used for wine packaging as they are convenient to use and distribute.
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Additionally, they are cost-effective too. The oxygen transmission rate (OTR) of packaging determines the overall quality of wine and box-in-box containers offer low transmission on the rate. Thus, box-in-box containers market has exhibited substantial growth in the alcoholic beverages segment. Further, the bag-in-box containers are light weighted and can be transported easily and increasing its shelf life and decreasing the wastage of product. Also, the high barrier films used in the bag-in-box containers help keep the food fresh and increase its shelf life. These attributes have scaled the sales. In accordance with it, the market recorded massive sales of 870 thousand tons and reached the valuation of US$2.9 bn.
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Rapid urbanization and population has increased the demand for household items, such as surface cleaners, dishwashers, and others. Taking into consideration, the growing demand for bag-in-box containers in these household products, the bag-in-box container market is forecasted to exhibit significant growth during the forecast period of 2019-2027.
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Europe to exhibit a Prominent Revenue Growth
The market in Europe is projected to witness a prominent revenue share of the global market during the forecast period of 2019-2027. Countries such as Italy, the U.K, France, and Sweden are expected to contribute towards the growth of the bag-in-box market owing to, the rising demand for bag-in-box containers by wine manufacturers. North America is a lucrative bag-in-box market followed by the Asia Pacific. Rapid urbanization and industrialization are focusing on different types of packaging in bag-in-box containers. Major countries such as India and China have shown a rise in their disposable income and purchasing capacity of individuals. This aspect has propelled the growth of the bag-in-box market.
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