Bag-in-Box Container Market Size, Industry Trends Analysis 2020, & Forecast 2021-2026 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Bag-in-Box Container Market


The global Bag-in-Box Container market size is projected to reach US$ 5.09 billion by 2026, from US$ 3.53 billion in 2020, at a CAGR of 6.3% during 2021-2026. The industry is driven by the increasing consumption of the alcoholic beverages in both developed and developing economies. As a result, alcoholic beverage segment, in particular, is expected to generate the maximum demand. North America is expected to be the largest consumer of alcoholic beverage products followed by Europe. The market has also been witnessing rising demand from the wine industry.
Thus, rise in wine production across several regions is expected to augment the product demand in the coming years. Escalating demand from household products segment is also expected to drive the market on account of increasing consumption of the household cleaners, such as surface deodorizers and surface cleaners. Rising demand for hygiene and personal care products due to growing urban population will also boost the market development. In addition, demand for low-foam detergents that are usually packaged in bag-in-box containers will drive the market further.

On the other hand, product demand may be hampered due to the availability of substitute products at lower prices, such as plastic and glass bottles. Increasing demand for plastic bottles from the soft drink industry is expected to hinder market growth over the forecasts period. However, rising demand for innovative packaging designs for food and beverage products to attract consumers is expected to have a positive impact on the industry growth in the years to come.

Moreover, major companies in the market focus on the development of new technology, in terms of design and packaging solution, which is also likely to spur the market growth. For instance, a U.K.-based company Elite Packaging has developed gusseted bag that is sealed in every corner. This design offers more product stability and efficiency. In addition, it reduces the space required for the bag in the box container, making it more compact.

Market Segmentation, Outlook & Viewpoint: Global Bag-in-Box Container Market

Material Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Low Density Polyethylene
  
Ethylene Vinyl Acetate
  
Ethylene Vinyl Alcohol
  
Others

Application Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

  
Food & Beverage
  
Household Products
  
Industrial Liquids

Key Players, Recent Developments & Regional Insights: Global Bag-in-Box Container Market

Based on application, the global market has been segmented into Food & Beverage (F&B), industrial liquids, and household products. Food & beverage segment accounts for the maximum share of the product demand; thus, plays a major role in the market growth. Factors, such as growing awareness about healthier products along with rising disposable income levels and improved standards of life in developing countries, are also estimated to boost the segment growth, thereby driving the overall market.

Introduction of packaging solutions for F&B applications that offer ease of consumption is likely to be the major growth-driving factor over the coming years. In addition, F&B manufacturers are adding various options, such as adding nutritious products to their product line and offering healthier snack items, along with innovative packaging, which, in turn, is likely to fuel demand for bag-in-box container.

Regional Insights

Asia Pacific is expected to register the fastest CAGR over the forecast period due to growing F&B sector in Asia Pacific. Rapid industrialization in countries, such as India and China coupled with rising adoption of packaged foods and beverages in the region is expected to propel the demand further. Household products segment emerged as another major application in APAC owing to the advent of eco cleaning household products. In addition, technological advancements including automatic dishwashing products is expected to the drive market.

Increasing consumption of the packaged nutritional food products is likely to drive the market growth over the forecasts period in this region. Europe led the market in the past and is projected to maintain its dominance over the next few years. North America is also likely to witness a steady growth on account of the presence of major F&B companies including PepsiCo, Inc.; Tyson Food, Inc.; and Kelloggs Co.

Bag-In-Box Container Market Share Insights

Most of the companies are present in North America and have their dedicated distribution and manufacturing locations across the globe. These companies focus on long-term agreement with the raw material suppliers to reduce the production cost, ensure constant supply, and gain competitive edge over other small-scale, regional manufacturers.

Key Insights Covered: Global Bag-in-Box Container Market

1. North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Bag-in-Box Container industry.
2. Global major manufacturers operating situation (sales, revenue, growth rate and gross margin) of Bag-in-Box Container industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Bag-in-Box Container industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Bag-in-Box Container industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Bag-in-Box Container industry.

Research Methodology: Global Bag-in-Box Container Market

  
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
  
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
  
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other