According to Future Market Insights’ industry analysis, the bag-in-box market packaging is expected to experience substantial growth between 2023 and 2033, with sales projected to increase by 1.7 times during this period. The need to maintain alcoholic beverages free from contamination is a major factor contributing to this growth. Alcoholic beverage manufacturing companies are anticipated to adopt this type of packaging.
In 2023, the global bag-in-box market is estimated to be valued at US$3.5 billion, and it is expected to reach US$6.1 billion by 2033. The market is projected to expand at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2033.
Bag-in-box packaging has gained popularity in recent years, particularly for alcoholic beverages, due to its convenience and cost-effectiveness. Key factors attracting consumers include extended shelf life, easy dispensing, storage, and handling. Alcoholic beverage manufacturers are increasingly utilizing bag-in-box packaging for their products.
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Manufacturers are also exploring new packaging formats and utilizing bag-in-box for beer and cocktails to differentiate their offerings. The use of bag-in-box packaging in restaurants and bars is growing in North America and Europe.
The global sales of bag-in-box packaging are expected to witness significant growth, driven by its increasing popularity in developing and underdeveloped economies. India and China are expected to experience high growth in this market, supported by the presence of numerous beverage manufacturers.
Key Takeaways from Bag-in-Box Market
- By capacity, the less than 5 liters’ segment is anticipated to register a 7.0% CAGR between 2023 to 2033.
- By end user, the beverage industry is set to hold around 66% of bag-in-box market share by 2033.
- By material, the low-density polyethylene sub-segment will capture around 1/3rd of the global market in 2033.
- Sales of bag-in-box are estimated to register a whopping 5.7% CAGR over the forecast period.
- The USA bag-in-box market is set to surge 1.6 times between 2023 and 2033.
“Increasing consumption of alcoholic beverages would drive bag-in-box sales. Demand for sustainable packaging for wine would also augment sales,” says a lead analyst at Future Market Insights.
Bag-in-Box Manufacturers to Open New Production Facilities across the Globe
High per capita food expenditure is propelling demand in the market. Sales of hygienic and lightweight food packaging solutions would surge.
Bag-in-box manufacturers are focusing on commissioning new production facilities. They want to cater to rising demand across various industries.
Renowned bag-in-box manufacturers are focusing on expanding their international presence. They are setting up operational facilities or distribution centers over high-growth offering markets.
Rising production of bag-in-box to meet innovative packaging needs would aid demand. Chemical and petroleum industries are also adopting innovative bag-in-box packaging.
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Rising Demand for Bag-in-Box Containers from the Wine Industry to Boost Sales
Wine producers are inclining towards the use of bag-in-box containers for wine packaging. They offer various advantages over glass bottles. They are easy to pack & distribute and are cost-efficient.
Oxygen transmission rate (OTR) is a prime factor in determining the quality of wine. Bag-in-box offers a low oxygen transmission rate over glass bottles. Hence, it is preferred by wine producers across the globe.
Wine manufacturing industry holds around half of the global bag-in-box container demand. Industry sentiments for wine are expected to be rather optimistic. Growth of the wine industry would translate into rising demand for bag-in-box containers.
In Italy, France, Spain, and the United Kingdom, bag-in-box wine packaging is very popular. Emerging countries are expected to follow their footprints.
Competitive Landscape: Bag-in-box Market
Main suppliers of bag-in-boxes are concentrating on offering novel packaging formats. To draw customers, they use raw resources that are sustainable. Other businesses are forming strategic alliances with important sectors. They are trying to keep one step ahead of their rivals.
A Few Key Companies in Global Bag-in-box Market
- Smurfit Kappa Group
- Liqui-Box Corporation (DS Smith Plc.)
- Amcor plc
- Scholle IPN
- CDF Corporation
- TPS Rental Systems Ltd
- Optopack Ltd.
- Aran Group
- TriMas Company (Rapak)
- Montibox
- STI – Gustav Stabernack GmbH
Get More Insights into Bag-in-box Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the bag-in-box market, analysing historical demand from 2016 to 2022 and forecast statistics for 2023 to 2033. The study reveals growth projections on the bag-in-box market based on capacity (less than 5 liters, 5 to 10 liters, 10 to 15 liters, 15 to 20 liters, more than 20 liters), material (paper & paperboard, plastic), and end use (food, beverages, chemical, petroleum, homecare, cosmetics & personal care) across seven regions.
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Key Market Segments Covered in Bag-in-Box Industry Research
By Capacity:
- Less than 5 liters
- 5 to 10 liters
- 10 to 15 liters
- 15 to 20 liters
- More than 20 liters
By Material:
- Paper and Paperboard
- Plastic
- Low Density Polyethylene (LDPE)
- Ethylene Vinyl Acetate
- Metallized-PET
- Ethylene Vinyl Alcohol (EVOH)
- Nylon
By End Use:
- Food
- Dairy Products
- Sauces, Vinegar & Flavoring
- Liquid Egg Products
- Beverages
- Alcoholic Beverages
- Non Alcoholic Beverages
- Water
- Chemicals
- Petroleum
- Homecare
- Cosmetic & Personal Care
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