Transparency Market Research provides key insights on the global bag-in-box containers market, in its newly published report, for the forecast period of 2019-2027. In terms of value, the global bag-in-box market is projected to clock a CAGR of ~ 5% during 2019-2027. This is due to several factors, about which, TMR provides key insights and forecasts.
Key Factors Influencing the Bag-in-box Containers Market
Bag-in-box containers are a type of packaging containers
that comprise a bladder (plastic bag), generally made up of low-density
polyethylene (LDPE), ethylene vinyl acetate, etc., and are placed inside
corrugated boxes. The overall bag-in-box container assembly consists of a
bladder, corrugated box, fitment, tap, etc. Bag-in-box containers are widely
used for the packaging of food & beverage products, household products, and
industrial liquid products.
- There
are various factors that are expected to drive the global bag-in-box
containers market during the forecast period. Rising demand from the wine
industry is catapulting the demand for bag-in-box containers, globally.
Wine producers are inclined towards the use of bag-in-box containers for
wine packaging, as they offer various advantages over glass bottles, are
easy to pack and distribute, and cost-efficient too. Also, the oxygen
transmission rate (OTR) of packaging is a prime factor in determining the
overall quality of wine. Bag-in-box containers offer a low oxygen
transmission rate over glass bottles, and thus, are widely preferred by wine
producers across the globe.
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- Bag-in-box
containers are 30–45% more cost-effective as compared to
conventional liquid packaging options such as metal and glass. Bag-in-box
containers are lightweight, which, in turn, reduces overall transportation
and handling costs. Also, high barrier films are used as bladders in
bag-in-box containers to help food & beverage product manufacturers
extend the shelf life of their products. The extended shelf life of
products allows retailers to increase shelf display time and help
minimizes product wastage. The aforementioned attributes are collectively
expected to drive the demand for bag-in-box containers over the following
five to seven years.
- The factor
that might hamper the growth of the global bag-in-box containers market is
the use of alternative solutions in the market. One such packaging product
is a cubitainer. A cubitainer is a cube-shaped liquid handling product
made of LDPE. When empty, a cubitainer is in a collapsed flat shape, and
inflates into the shape of a cube when liquid is poured into it.
Cubitainers are best suited for liquids, condiments, and other similar
products.
Target Regions to Capture Bag-in-box Containers Market
Growth
Europe is expected to represent prominent revenue growth
during the next eight years. Also, Europe is expected to hold a prominent
market share in the global bag-in-box containers market throughout the forecast
period. The well-established wine industry in European countries such as
France, Italy, the U.K., and Sweden is expected to be the major contributor to
the high consumption of bag-in-box containers in the region. Also, the rising
trend of luxury packaging in various industries such as cosmetics, personal
care, food, and others is pushing the bag-in-box containers market growth in
the European region. North America is also an important consumer of bag-in-box
containers, closely followed by Asia Pacific. The Asia Pacific region is
expected to create high revenue growth, owing to rising industrialization,
changing consumer preferences, and growing trend towards different packaging
formats in bag-in-box containers packaging. India and China are the major
countries to focus in the region. The surge in the demand for bag-in-box
containers is expected to be fuelled primarily by increasing disposable income
and per-capita spending power of upper middle-class families.
Bag-in-box Containers Market: Competition Landscape
The TMR report includes a detailed competition landscape,
which includes the profiles and assessment of key players operating in the
global bag-in-box containers market. Key manufacturers of bag-in-box containers
profiled include Smurfit Kappa Group, DS Smith, Amcor Limited, Liqui-Box,
Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Parish Manufacturing
Inc., TPS Rental Systems Ltd., and Optopack Ltd. among others.
Bag-in-box Containers Market: Segmentation
The global bag-in-box containers market is segmented as:
Bag-in-box Containers Market by Capacity
- Less
than 5 Liters
- 5 -
10 Liters
- 10 -
15 Liters
- 15 -
20 Liters
- More
than 20 Liters
Bag-in-box Containers Market by Material Type
- Paper/Paperboard
- Corrugated
- Solid
Board
- Plastic
- LDPE
- Ethylene
Vinyl Ace
- Metallized-PET
- Ethylene
Vinyl Alco
- Nylon
- Others
Bag-in-box Containers Market by End Use
- Food
& Beverages
- Alcoholic
Beverages
- Wine
& Spirits
- Beer
- Others
- Non-Alcoholic
Beverages
- Fruit
Juices
- Sports
& Energy
- Iced
Tea & Coffee
- Dairy
Products
- Water
- Sauces,
Vinegar, & Flavouring
- Liquid
Egg Products
- Others
- Industrial
- Chemicals
- Detergents
- Floor
Cleansers
- Lubricants
- Oils
- Adhesives
- Inks
- Cosmetics
& Personal Care
- Creams
& Lotions
- Shampoo
& Conditioners
- Others
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Bag-in-box Containers Market by Region
- North
America
- Latin
America
- Europe
- Asia
Pacific (APAC)
- Middle
East & Africa (MEA)
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