PUBLISHER: Allied Market Research | PRODUCT CODE: 1140015
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140015
The global bag-in-box container market size was valued at $3,910.6 million in 2021, and is projected to reach $ 7,011.7 million by 2031, registering a CAGR of 5.8% from 2022 to 2031. Bag-in-box container is a packaging medium, which incorporates a plastic bag and a paper box. The plastic bag stores the product and seals it off from the external environment; thereby, preventing any contamination of the product. This bag is kept in a box made of paper & paperboard, which provides structural strength to the plastic bag. Combined, it is known as bag-in-box container.
Food & beverage industry has witnessed rise in demand, owing to surge in disposable income and growth in online food retail. Growth in food and beverage industry, which is one of the end-users of bag-in-box container, is anticipated to drive the demand in bag-in-box container market. Furthermore, personal care and hygiene & cleaning products have also witnessed a rise in demand, owing to increased global population and increased urbanization. This is expected to fuel the demand for bag-in-box containers, as these industries are among the major users of bag-in-box container packaging. Pharmaceutical industry being a major user of bag-in-box container is anticipated to significantly increase the demand in the bag-in-box container market. Moreover, rise in number of manufacturing facilities, which constantly demand for chemicals and other industrial fluids, is expected to drive the demand for large sized bag-in-box containers. Along with this, automotive industry is also a major user of bag-in-box containers, which fuels the market growth.
The bag-in-box container market is segmented on the basis of material, application, end user industry, and region. By material, the market is bifurcated into plastic and paper & paperboard. On the basis of application, it is categorized into semi-liquid, liquid, and dry. By end user industry, the market is categorized into food & beverage, industrial, personal care, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as acquisition and product launch to strengthen their market outreach and sustain the stiff competition in the market.
Competition Analysis
Key companies profiled in the bag-in-box container market 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.
Key Benefits For Stakeholders
Key Market Segments
By End User Industry
By Material
By Application
By Region