Bag-in-Box Container Market Expected to Reach USD 7 Billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.

The bag-in-box container market has grown significantly over the past decade, driven by rising demand from the food & beverage and personal care industries. Many companies have expanded their presence to solidify their position in the global market. In 2021, the plastic segment led the market by material type, primarily due to its extensive use in bag-in-box manufacturing. The liquid application segment is expected to grow at a higher CAGR, propelled by the increasing demand for beverages. Additionally, within end-user industries, the food & beverage sector is projected to see the highest growth during the forecast period, supported by factors such as population growth, rising disposable incomes, and expansion of online food retail.

According to a recent report by Allied Market Research, titled "Bag-in-Box Container Market," the market was valued at $3.9 billion in 2021 and is estimated to reach $7 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲:
https://www.alliedmarketresearch.com/request-sample/A13467

Bag-in-box containers are typically made from plastic and paper & paperboard materials. In 2021, plastic accounted for the largest market share, attributed to its extensive application in the manufacturing process. The market is segmented by application, including semi-liquid, liquid, and dry categories. Among these, the liquid segment is anticipated to experience the fastest growth due to increased demand within the beverage industry. Regarding end-use industries, the food & beverage sector is expected to grow the fastest, fueled by rising demand through online food retail channels. The primary drivers of the bag-in-box container market include the expanding food & beverage sector and rising demand for personal care products. However, high production costs remain a challenge for market growth.

In 2021, North America held the largest share of the global bag-in-box container market, followed by Europe and Asia-Pacific. The market in the LAMEA region is expected to grow at a high CAGR, driven by increased usage in the pharmaceutical and food & beverage sectors.

Technological advancements have enabled manufacturers to produce bag-in-box containers that do not impart odor to the stored products. Additionally, the introduction of automated production lines for inserting bags into boxes is expected to create growth opportunities in the market.

Key players in the bag-in-box container market have adopted various strategies, including product launches, to stay competitive. For example, in March 2021, Smurfit Kappa, a global packaging leader, launched the E Compact 60, a 60-micron EVOH film that supports the company's sustainability goals by reducing plastic usage.

The COVID-19 pandemic temporarily halted operations for several bag-in-box manufacturers in countries such as China, the U.S., and India, impacting sales. Raw material shortages and manpower constraints also hindered growth. However, as pandemic conditions eased and vaccines were introduced, the market has been on a path to recovery.

𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂:
https://www.alliedmarketresearch.com/bag-in-box-container-market-A13467

Key Findings of the Study
Extensive analysis of current and emerging trends and dynamics in the bag-in-box container market.
The paper & paperboard segment led the market in 2021 by revenue.
Liquid applications are expected to see a surge in demand over the forecast period.
The food & beverage industry is anticipated to grow at a higher CAGR among end-user sectors.
Asia-Pacific is projected to experience the highest growth rate in the coming years.
Key players are profiled in the report, with strategies analyzed to provide insights into the competitive landscape.
The report includes in-depth analysis and market forecasts from 2022 to 2031.

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