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.
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
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the bag-in-box container market analysis from 2021 to 2031 to identify the prevailing bag-in-box container market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the bag-in-box container market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global bag-in-box container market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By End User Industry
- Food and Beverage
- Size
- Upto 2.5 Liter
- Above 2.5 Liter
- Industrial
- Personal Care
- Others
By Material
- Plastic
- Paper and paperboard
By Application
- Liquid
- Semi liquid
- Dry
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Viet Nam
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- Saudi Arabia
- UAE
- South Africa
- Kenya
Key Market Players
- Amcor Ltd.
- Aran Group
- Arlington Packaging (Rental) Limited
- BiBP Sp. z O.O
- CDF Corporation
- CENTRAL PACKAGE & DISPLAY
- DS Smith
- Liquibox
- Montibox
- Optopack Ltd
- Scholle IPN
- SLF INDUSTRY AND TRADE CO., LTD.
- Smurfit Kappa
- TPS Rental System Ltd
- Vine Valley Ventures LLC
- Zarcos America
- Accurate Box Company, Inc
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: BAG-IN-BOX CONTAINER MARKET, BY MATERIAL
CHAPTER 5: BAG-IN-BOX CONTAINER MARKET, BY APPLICATION
CHAPTER 6: BAG-IN-BOX CONTAINER MARKET, BY END USER INDUSTRY
CHAPTER 7: BAG-IN-BOX CONTAINER MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Bag-in-Box Container Market," the bag-in-box container market size 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.The components of Bag-in-box containers are basically made of two materials that are plastic and paper & paperboard. Between these, the plastic segment accounted for the highest market share in 2021, owing to its higher usage during the manufacturing of bag-in-box manufacturing. The market is analyzed with respect to different applications of bag-in-box containers, such as semi-liquid, liquid, and dry. Among these, the liquid segment is expected to grow with highest CAGR, owing to rise in beverage industry. Furthermore, on the basis of end user industry, the market is analyzed on the basis of food & beverage, industrial, personal care, and others. Among these, the food & beverage industry is expected to grow with highest CAGR, owing to increased demand via online food retail. The market is mainly driven by rise in food & beverage sector and surge in demand for personal care products. However, high manufacturing cost of bag-in-box containers constraints the bag-in-box container market growth.
In 2021, North America dominated the global bag-in-box container market share, in terms of revenue, followed by Europe and Asia-Pacific. Moreover, the market in LAMEA is anticipated to grow with high CAGR, owing to growth in use of bag-in-box container for pharmaceutical and food & beverage industries.
The advancements in technology that have enabled bag-in-box manufacturers to manufacture bags that do not release its smell in the products contained. Moreover, introduction of new production lines that can automatically insert the bag in the box are expected to provide lucrative opportunities for the bag-in-box container market growth.
Furthermore, key players in the bag-in-box container market adopted various strategies to sustain the harsh competition. And product launch is one of the most common growth strategies among the key players. For instance, in March 2021, Smurfit Kappa, a global provider of packaging and bag-in-box containers, introduced new light 60-micron EVOH film - E Compact 60. This is expected to help the company to achieve the objectives of sustainability and reduce the amount of plastic used to manufacture bags.
However, during the pandemic lockdown, various service providers of bag-in-box had to stop their business in countries such as China, the U.S., and India. This break directly impacted their sales. In addition, lack of manpower and constricted supply of raw materials for packaging have negatively influenced the growth of the market. However, after two years of COVID-19 outbreak and introduction of vaccinations, the severity of the pandemic has significantly reduced and key players in the market are recovering rapidly.
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.
Key Findings of the Study
- The report provides an extensive analysis of the current and emerging bag-in-box container market trends and dynamics.
- Depending on material, the paper & paperboard segment dominated the bag-in-box container market, in terms of revenue in 2021.
- By application, liquid segment is anticipated to witnessed a surge during the forecast period.
- By end user industry, food & beverage industry is expected to grow with a higher CAGR.
- Asia Pacific is projected to register highest growth rate in the coming years.
- The key players within the bag-in-box container market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the bag-in-box container industry.
- The report provides an extensive analysis of bag-in-box container market overview and bag-in-box container market outlook.
- In-depth bag-in-box container market analysis is conducted by constructing estimations for the key segments between 2022 and 2031.
Companies Mentioned
- Amcor Ltd.
- Aran Group
- Arlington Packaging (Rental) Limited
- Bibp Sp. Z O.O
- Cdf Corporation
- Central Package & Display
- Ds Smith
- Liquibox
- Montibox
- Optopack Ltd
- Scholle Ipn
- Slf Industry and Trade Co. Ltd.
- Smurfit Kappa
- Tps Rental System Ltd
- Vine Valley Ventures LLC
- Zarcos America
- Accurate Box Company, Inc
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 3910.6 million |
| Forecasted Market Value ( USD | $ 7011.7 million |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
