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Bag-in-box Containers Market Report 2023-2032: Opportunity Assessment, Production Analysis, Growth Strategy And Major Players | Smurfit Kappa Group, DS Smith, Liqui Box Corporation, CDF Corporation, Optopack Ltd
Bag-in-box Containers Market
The Business Research Company's Template Global Market Report 2023 identifies The increasing demand for bag-in-box containers as the major driver for the Bag-in-box Containers Market's growth in the forecast period. A bag-in-box is a kind of container for the distribution and preservation of liquids and is a viable option for packaging of juice, liquid eggs, dairy, wine, and even non-food products such as motor oil and chemicals. According to findings by packaging pioneer Smurfit Kappa in conjunction with Wine Intelligence in 2020, Bag-in-Box wine has drawn 3.7 million new buyers in France and the United Kingdom over the last six months. In 2020 the Bag-in-Box wine consumer sector has risen to around 12 million buyers in France and 4 million buyers in the UK. Therefore, the increasing demand for bag-in-box containers is expected to drive the growth of the bag-in-box containers market during the forecast period.
The global bag-in-box containers market size is expected to grow from $3.81 billion in 2022 to $4.06 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bag-in-box containers market size is expected to grow to $5.27 billion in 2027 at a compound annual growth rate (CAGR) of 6.8%.
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Major competitors in the Bag-in-box Containers Market are Smurfit Kappa Group, DS Smith, Liqui Box Corporation, CDF Corporation, Optopack Ltd., Scholle IPN, Amcor Ltd., Arlington Packaging, Parish Manufacturing Inc., and TPS Rental Systems Ltd.
A key trend in the Bag-in-box Containers Market includes technological advancement. Major companies operating in the bag-in-box container sector are focusing on developing technologically advanced solutions for bag-in-box containers. For instance, in April 2021, Scholle IPN India Packaging Pvt. Ltd., an India-based packaging company that specializes in creating and producing bag-in-box and pouch packaging, launched bag-in-box packaging for water based on Scholle IPN's proprietary film technology. This bag with two layers of film and a polyethylene closure was put to the test by PFE. Scholle IPN's RecShield® barrier film is used in the outer layer to prevent undesirable flavors from leaking through the film and into the water. The inner layer consists of Scholle IPN's proprietary film technology, known as 2PureTM, which contains scavenging technology that protects the taste of the packaged water and can be recyclable and reduce environmental pollution.
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The Bag-in-box Containers Market is segmented -
By Material Type: Low Density Polyethylene, Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Other Material Types (Nylon, Poly-butylene Terephthalate)
By Capacity: Less than 5 litres, 5-10 litres, 10-15 litres, 15-20 litres, More than 20 litres
By Application: Food And Beverages, Industrial Liquids, Household Products, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Bag-in-box Containers Market.
The Business Research Company's "Global Bag-in-box Containers Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bag-in-box Containers Market Include:
1. Executive Summary
2. Bag-In-Box Containers Market Characteristics
3. Bag-In-Box Containers Market Trends And Strategies
4. Bag-In-Box Containers Market - Macro Economic Scenario
5. Bag-In-Box Containers Market Size And Growth
……
26. Africa Bag-In-Box Containers Market
27. Bag-In-Box Containers Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bag-In-Box Containers Market
29. Bag-In-Box Containers Market Future Outlook and Potential Analysis
30. Appendix
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