Bag-in-Box Market Size, CAGR, Sales Analysis & Opportunity | FMI

The bag-in-box market is estimated at US$ 3.3 Bn in 2022 and is projected to reach US$ 5.5 Bn by 2031, at a CAGR of 5.7% from 2022 to 2031.

As per the FMI analysis, bag-in-box solutions having a capacity less than 5 Liters and 5 - 10 Liters are expected to account for around 58% of the total bag-in-box packaging products sold globally in 2022.

The sales of bag-in-box packaging used for beverage packaging is anticipated to rise by US$ 1.7 Bn over the forecasted period between 2022 and 2031. An increased number of beverage companies switching over to bag-in-box packaging for ensuring the safety of their products during the supply chain can be attributed to the sharp rise in sales of bag-in-box packaging.

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The European region is estimated to account for around 38% of the total sales of bag-in-box packaging around the world throughout the next decade. Stringent food & beverage packaging regulations along with the considerable rise in demand for high-quality packaging products fuels the demand for bag-in-box across the region.

How Growth of Dairy Industry Offers Profitable Growth Opportunities for Bag-in-Box Manufacturers Across The Globe?

The dairy industry offers probable opportunities to bag-in-box manufacturers. Glass bottles and die-cut lids are conventional packaging methods used in the dairy industry. However, bag-in-box finds multifaceted application in the dairy industry due to its aseptic nature, low cost as compared to conventional packaging, and environmental-friendly advantages.

Smoothies and milkshakes are the fastest-growing segments in the dairy industry. Furthermore, a wide range of products such as fresh cream, condensed milk which require air-tight packaging can be offered in large quantity packs with utmost protection during the transit to the farthest markets. Dairy retail adoption of bag-in-box finds potential growth opportunities for manufacturers across the world.

Competitive Landscape

Major market players producing bag-in-box are focusing upon providing bag-in-box packaging of sustainable raw materials and entering into strategic partnerships with key end user industries to stay ahead of the competitors:-

In October 2021, Smurfit Kappa Group announced the launch of its new sustainable bag-in-box, which is made from 53% recycled and renewable materials.
In July 2021, Liqui-Box Corporation teamed up with WestRock Company to deliver bag-in-box e-commerce solutions for liquids.
In May 2021, Schoelle IPN released its SIOC approved bag-in-box packaging for liquid products.
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Key Companies Profiled

Smurfit Kappa Group
Liqui-Box Corporation (DS Smith Plc.)
Amcor plc
Scholle IPN
CDF Corporation
TPS Rental Systems Ltd
Optopack Ltd.
NWB Finland Oy
Aran Group
TriMas Company (Rapak)
How Need for Aseptic Packaging Solutions and Adaption of Multilayer Packaging Gaining Traction Across Global Bag-in-Box Market?

Increasing health awareness among consumers is driving the demand for hygienic food and packaging solutions. Food and drug administration authorities compel stringent regulations on packaging techniques and packaging materials. Hence, bag-in-box container manufacturers are focusing on offering aseptic packaging solutions and manufacturing processes to cater to consumer demand and ensure regulatory compliance.

Mineral oil aromatic hydrocarbons (MOAH) are compounds that come in direct contact with packaged food. MOAH is declared carcinogenic by European Food Safety Authority (EFSA). To avoid contamination by MOAH, bag-in-box manufacturers are integrating multilayer technologies into product offerings. Bag-in-Box is made from a high-quality material that does not harm the content of the product and helps to preserve and protect the quality of the product.

Country-wise Insights

What Makes U.S. Major Market for Bag-in-Box across North American Region?

According to the Federal Food, Drug and Cosmetics Act, by U.S. Food and Drug Administration department allows only those substances for use as a component of materials used in manufacturing, packaging, and transporting of food if such substance is not intended to have any technical effect in the food or beverage product packed in it. As per the above mentioned strict regulations by federal regulating authorities are making it mandatory for all types of food & beverage manufacturers to use appropriate packaging made up of clinically-tested and safe materials.

Bag-in-Box is made from a high-quality material that does not harm the content of the package and helps to preserve and protect the quality of the product. Moreover, the end-user convenience offered by bag-in-box packaging to the end-user industry along with final consumers triggers the demand across the country. The U.S. accounts for 87% of the total sales of bag-in-box across North America in 2022.

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Bag-in-Box Market by Category

By Capacity:

Less than 5 litres
5 - 10 litres
10 - 15 litres
15 - 20 litres
More than 20 litres
By Material:

Paper and Paperboard
Plastic
Low Density Polyethylene (LDPE)
Ethylene Vinyl Acetate
Metallized-PET
Ethylene Vinyl Alcohol (EVOH)
Nylon
Others
By End Use:

Food
Dairy Products
Sauces, Vinegar & Flavouring
Liquid Egg Products
Beverages
Alcoholic Beverages
Non Alcoholic Beverages
Water
Others
Chemicals
Petroleum
Homecare
Cosmetic & Personal Care
By Region:

North America
Latin America
Europe
South Asia
East Asia
Oceania
MEA

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This release was published on openPR.