The global bag-in-box barrier market is anticipated to capture a valuation of US$ 333.48 million in 2023 and reach US$ 548.40 million by 2033. The global market is anticipated to capture a CAGR of 5.1% during the forecast period.
The rising demand for bag-in-box barrier films for household products is expected to strengthen the market over the forecast period. The rising consumption of household cleaners like surface deodorizers and surface cleaners is anticipated to boost the demand for bag-in-box barrier films during the forecast period. The rising urban population in developing countries has increased the demand for hygiene-promoting products such as household cleaners.
Further, bag-in-box barrier films have been experiencing a soaring demand from the beverages industry. The rising beverage production is expected to increase steadily with the manufacturers adopting advanced packaging solutions such as bag-in-box containers as alternative packaging. The market for the bag-in-box container of alcoholic beverages is projected to rise due to the rising alcoholic beverage consumption. Growth in the consumption of alcoholic beverages in developed economies is expected to drive growth in the market in the forthcoming time.
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Key Takeaways:
- The global bag-in-box barrier film market is anticipated to register a CAGR of 5.1% with a valuation of US$ 548.40 million by 2033.
- In the historical period, the global market grew at a CAGR of 4.3% between 2018 and 2022.
- The United Kingdom is estimated to secure a maximum global market share by 2033.
How Key Players are Expanding the Global Market?
The number of key players worldwide highly fragments the global market. Key players play a crucial role in the global market by investing millions in research and development activities. These players focus on consumers’ expectations and develop improved and innovative products to satisfy their demands.
Recent Developments in the Global Market are:
In 2022, SIG announced its agreement to acquire Scholle IPN. Scholle IPN is a sustainable packaging company for various industries, including food & beverages.
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Bag in Box Barrier Film Market by Segmentation
By Application:
- Wines
- Fruit juice concentrates
- Oil
- Liquid Egg
- Milk
- Others
By Material Type:
- EVOH Bag
- PE Bag
- PP Bag
- PC Bag
- PU Bag
- TPU Bag
- EVA Bag
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa (MEA)
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