The bag-in-box market is witnessing substantial growth, with a projected size of US$ 3.8 billion in 2024 and an expected valuation of US$ 6.6 billion by 2034. Several factors contribute to this expansion, including increased demand from various industries such as food and beverage, chemicals, cosmetics, and personal care for convenient packaging solutions and easy dispensing.
Key Insights Driving Bag-in-Box Industry Growth:
- Convenience Packaging Solutions: The rise in demand for handy packaging and easy dispensing is propelling the bag-in-box market forward. Consumers increasingly seek packaging solutions that offer convenience and ease of use across various industries.
- Affordability and Innovation: Increased affordability and the introduction of new packaging solutions and technologies create significant market growth opportunities. Top companies are continually evolving their portfolios with innovative designs and sustainable packaging materials to meet consumer demands.
- Quality Standards and Safety: Stringent quality standards for food packaging in several countries are driving the adoption of bag-in-box containers. These containers help mitigate contamination risks and extend the freshness of products, aligning with consumer preferences for high-quality and bio-degradable packaging.
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Trends Shaping the Bag-in-Box Market:
- Growing Health Consciousness: Rising health consciousness is boosting demand for sanitary food and packaging solutions. Regulatory bodies like the Food and Drug Administration (FDA) are imposing strict limits on packaging materials, leading to increased adoption of innovative food technologies with safety standards.
- Rise in Alcoholic Beverage Consumption: The consumption of alcoholic drinks worldwide is increasing, driving preferences for bag-in-box packaging. Manufacturers focus on high-oxygen barrier and flexible bags to preserve beverage flavors for extended periods, catering to consumer preferences for freshness and convenience.
- Market Expansion and New Designs: Key companies are expanding their presence in new markets globally, often partnering with retailers to improve brand insights. Innovative bag-in-box designs, including pouches and integrated taps, are gaining popularity due to rising demand for portable packaging solutions worldwide.
- Affordability and Sustainability: The increasing need for affordability among consumers worldwide is driving the adoption of bag-in-box packaging for liquid food products, personal care items, and household chemicals. Manufacturers are also focusing on developing precise offerings while recycling waste materials to align with sustainability goals.
Increasing health awareness worldwide owing to hygienic food and packaging solutions is expected to create significant opportunities. Developed countries with stringent food and packaging regulations are expected to drive the market for sustainable packaging. The manufacturers are focusing on launching flexible products to carry using 100% recyclable materials to gain popularity in the market.
The rising demand for industries such as wine and alcohol is projected to enhance the market growth. Recyclability, sustainability, and affordability are the key factors accelerating the market. Moreover, apart from alcohol and wine, dairy products and other industrial chemicals are propelling the market.
Key Takeaways from the Market Study
- The global bag-in-box market is estimated to register a CAGR of 11% with a valuation of US$ 6.6 billion by 2034.
- The United States is anticipated to register a 3.7% CAGR during the forecast period.
- With a 6.4% CAGR, China is driving the global market by 2034.
- United Kingdom is anticipated to secure a CAGR of 5.1 % in the global market during the forecast period..
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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.
Competitive Landscape:
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.
Key Companies:
- 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
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Key Market Segments:
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
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI is the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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