The global Bag-in-Tube market is expected to reach US$ 17.8 Mn by the year 2029 at a CAGR of 13.1% between 2022 and 2029. The packaging solutions market that uses bags inside of tubes is known as the bag-in-tube market. The food and beverage, cosmetics, and chemical industries all frequently use these packaging solutions. The demand for quick, secure, and eco-friendly packaging solutions is what’s driving the bag-in-tube market’s expansion.
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The bag-in-tube packaging option has a number of advantages over conventional packaging options, including product protection, usability, and waste reduction. The product’s shelf life is increased by the bag-in-tube packaging solution’s protection from exposure to air and light. Also, the tube offers a practical method for distributing the product, simplifying application. The bag-in-tube packaging design also cuts down on waste because the tube can be readily recycled and the bag can be utilised to store any leftover goods.
The bag-in-tube market is segmented into different types of bags, such as plastic bags, aluminum bags, and others. Plastic bags are the most widely used type of bag in the bag-in-tube market, as they are lightweight, easy to use, and cost-effective. Aluminum bags are widely used in the food and beverage industry, as they provide excellent protection against air, light, and moisture.
The bag-in-tube market is further segmented into different applications, such as food and beverage, cosmetics, chemicals, and others. The food and beverage segment is the largest application segment in the bag-in-tube market, accounting for the largest share of the market. The cosmetics segment is also expected to grow at a significant rate in the coming years due to the increasing demand for convenient and eco-friendly packaging solutions in the cosmetics industry.
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The bag-in-tube market is geographically segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is the largest market for bag-in-tube packaging solutions, followed by Europe and Asia-Pacific. The growth of the bag-in-tube market in North America can be attributed to the presence of a large number of bag-in-tube manufacturers and the growth of the food and beverage industry in the region.
The Asia-Pacific region is expected to see significant growth in the coming years due to the increasing demand for bag-in-tube packaging solutions in the food and beverage and cosmetics industries and the growth of these industries in the region. The growth of the bag-in-tube market in the Rest of the World is attributed to the increasing demand for bag-in-tube packaging solutions in emerging economies.
In conclusion, the bag-in-tube market is expected to grow at a significant rate in the coming years due to the increasing demand for convenient, safe, and eco-friendly packaging solutions. The growth of the food and beverage and cosmetics industries is also expected to drive the growth of the bag-in-tube market in the coming years. The increasing demand for bag-in-tube packaging solutions in emerging economies is also expected to drive the growth of the market in the coming years.
Key Takeaways – Bag-in-Tube Market Study
- Metalized PET will continue to be highly preferred in the bag-in-tube market, and is projected to capture more than 60% of the market share during the forecast period of 2019-2029.
- Demand from manufacturers of wine and olive oil is collectively expected to hold around 80% of the global bag-in-tube market share by 2029, and its absolute growth is expected to be more than any other segment.
- Western Europe is expected to dominate the bag-in-tube market, and is projected to register an impressive CAGR through 2019-29.
Manufacturers of bag-in-tube can achieve substantial profits by targeting wine and spirit manufacturers as these end users finding bag-in-tube as a lightweight, leak-proof and economical packaging alternative to glass.
Competitive Landscape
As bag-in-tube is a pretty new solution in the packaging market, the bag-in-tube market is relatively small in size. Thus, there are vast opportunities for players operating in the bag-in-box segment and small & newly-entered companies alike to become the part of this rapidly growing market. Individual strategies followed by these market players in terms of improving their product portfolios, creating new marketing strategies, and acquisitions and mergers in the bag-in-tube market, have been elaborated in this report.
- Introduction of anti-counterfeit packaging and shift from glass-based packaging to plastic packaging materials are the ongoing trends in the bag-in-tube market.
- Demand for sustainable packaging solutions from eco-conscious consumers is anticipated to change the dynamics of the bag-in-tube market.
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Some of the leading companies operating in the market are:
- Smurfit Kappa Group PLC
- Industri-Bag
- Grafica Rovellosa SL
Key Segments Covered in Bag-in-Tube Industry Research
Bag-in-Tube Market by Capacity:
- Less than 1000 ml
- 1000 to 2000 ml
- 2001 to 3000 ml
- More than 3000 ml
Bag-in-Tube Market by Product:
- EVOH Barrier + PE
- Metallized PET
Bag-in-Tube Market by End-use:
- Wine
- Spirit
- Olive Oil
- Fruit Juices
- Others
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