Bag-in-Box Container Market Projected to Reach $7 Billion by 2031: Boxing Success

Allied Market Research has recently unveiled a report titled "Bag-in-Box Container Market," revealing the market's robust growth trajectory. With a valuation of $3.9 billion in 2021, the bag-in-box container market is anticipated to surge to $7 billion by 2031, demonstrating a commendable Compound Annual Growth Rate (CAGR) of 5.8% from 2022 to 2031.

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The bag-in-box containers primarily consist of two materials, plastic, and paper & paperboard. The plastic segment claimed the highest market share in 2021 due to its prevalent use in bag-in-box manufacturing. The market analysis includes different applications of bag-in-box containers such as semi-liquid, liquid, and dry. Among these, the liquid segment is poised to experience the highest CAGR, attributed to the rising beverage industry. Additionally, the market is scrutinized based on end-user industries, including food & beverage, industrial, personal care, and others. The food & beverage industry is expected to witness the highest CAGR, fueled by the increased demand through online food retail. Although the bag-in-box container market is propelled by the growth in the food & beverage sector and the surge in demand for personal care products, the high manufacturing cost remains a constraint to its overall growth.

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In 2021, North America dominated the global bag-in-box container market share, followed by Europe and Asia-Pacific. The LAMEA region is anticipated to witness a high CAGR, primarily driven by the growing use of bag-in-box containers in the pharmaceutical and food & beverage industries.

Technological advancements have played a pivotal role in the bag-in-box container market, allowing manufacturers to produce bags that do not impart odors to the contained products. Furthermore, the introduction of new production lines capable of automatically inserting bags into boxes is expected to create lucrative opportunities for the market's growth.

Key players in the bag-in-box container market have adopted various strategies to navigate the competitive landscape, with product launches being a common growth strategy. For instance, in March 2021, Smurfit Kappa, a global packaging provider, introduced the new light 60-micron EVOH film - E Compact 60, aimed at achieving sustainability objectives by reducing plastic usage in bag manufacturing.

However, the pandemic lockdown led to the suspension of business activities for various bag-in-box service providers in countries such as China, the U.S., and India, directly impacting their sales. The scarcity of manpower and constrained supply of raw materials for packaging negatively influenced market growth. Nevertheless, with two years having passed since the COVID-19 outbreak and the introduction of vaccinations, the severity of the pandemic has significantly diminished, and key players are rapidly recovering.

Key companies profiled in the bag-in-box container market forecast report include ABCO Automation, Inc., Accurate Box, Amcor plc, Aran Group, Arlington Packaging (Rental) Limited, BiBP Sp. z O.O, CDF Corporation, Changzhou Kaiguan Packaging & Technology Co., Ltd., DS Smith Plc, Liquibox, Optopack, Scholle IPN, Smurfit Kappa Group plc, TPS Rental System Ltd, Vine Valley Ventures LLC, Yantai Fushan Nanhua Packing Factory, and Zacros America, Inc.

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KEY FINDINGS OF THE STUDY:

The report provides an extensive analysis of current and emerging bag-in-box container market trends and dynamics.

Depending on the material, the paper & paperboard segment dominated the bag-in-box container market in terms of revenue in 2021.

The liquid segment is anticipated to witness a surge during the forecast period based on application.

The food & beverage industry is expected to grow with a higher CAGR among end-user industries.

Asia-Pacific is projected to register the highest growth rate in the coming years.

Key players within the bag-in-box container market are thoroughly analyzed, offering insights into their strategies and competitive outlook.

The report provides an extensive analysis of the market overview and emerging opportunities, conducting in-depth analysis between 2022 and 2031 for key segments.

https://www.alliedmarketresearch.com/bag-in-box-container-market-A13467

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