Bag in Box Container Market Research, 2031
The global bag in box container market size was valued at $3.9 billion in 2021, and is projected to reach $7 billion by 2031, growing at a CAGR of 5.8% from 2022 to 2031.
Bag in box container packaging is a combination of flexible and a rigid packaging. It includes a flexible bag typically made of plastic, which is kept inside a cardboard box to provide shape and extra strength to the plastic bag; therefore, it is called bag in box container.
Market Dynamics
Packaging helps in keeping the product safe during transportation and enhances its shelf life, and its shelf presence. Bag-in-Box technology has become increasingly popular in the industry, owing to it being a sustainable packaging method that uses less plastic and more of paperboard, which is easily recyclable. Moreover, it is essentially a flat packaging; thus, it is easier to transport as it occupies less space as compared to any bottle. In addition, it can be used for packing a wide range of dry and liquid products across the industry, such as wine, juices, & other liquid consumer products, as well as products such as for storing chemicals, motor oil, lubricants, and others.
Food & beverage industry has witnessed growth owing to factors such as rise in disposable income of people especially in the developed & developing nations, growth of online food retail, and rise in the trend of dining out especially in developing nations. Food & beverage industry is a major user of the bag-in-box packaging owing to its aforementioned advantages. Furthermore, bag-in-box packaging is widely used by automotive industry to supply essential fluids used by automobiles such as lubricants and motor oil. Moreover, personal care and hygiene products industry uses bag-in-box packaging for its products such as shampoos, detergents and others similar products. Furthermore, rise in disposable income, surge in population, and favorable government guidelines toward businesses in many countries play an important role in driving industrialization. Thus, the rise in all the above-mentioned industries that extensively uses bag in box containers is anticipated to drive thebag in box container market growth during the forecast period.
Major players in the industry adopted product launch and other strategies to sustain the competition and improve their product portfolio to remain competitive in the bag-in-box market. For instance, in May 2021, Scholle IPN, a provider of bag-in-box and other packaging solutions, introduced new SIOC (Ships-In-Own-Container)-approved bag-in-box packaging for liquid products. This packaging is said to reduce overall carbon footprint reductions by up to 67% and total energy savings of 75% in some cases.
The novel coronavirus had rapidly spread across various countries and regions, causing an enormous impact on the lives of people and the overall community. It began as a human health condition and later became a significant threat to global trade, economy, and finance. The COVID-19 pandemic had halted the manufacturing process of bag-in-box packaging due to lockdown. The economic slowdown initially resulted in reduced production in various end-users of bag in box container industry. However, owing to the introduction of various vaccines, the severity of COVID-19 pandemic has significantly reduced. As of mid-2022, the number of COVID-19 cases have diminished significantly. This has led to the full-fledged reopening of bag-in-box packaging manufacturing companies at their full-scale capacities. Furthermore, it has been more than two years since the outbreak of this pandemic, and many companies have already shown notable signs of recovery.
Furthermore, key players in bag-in-box market have innovated in various fronts. They have produced bags that do not release its smell into the product contained. Moreover, few of the key players in the market have produced production machineries that can automatically insert bags in the box without human intervention. Such advancements are anticipated to provide lucrative opportunities for the bag-in-box manufacturers and other players in the market to grow during the forecast period.
Thebag in box container market is segmented into End User Industry, Material and Application. By material, tGe 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. North America dominated the market in 2021, held the largest bag in box container market share, and is anticipated to maintain this trend throughout the forecast period. This is attributed to increase the demand in food and beverages sector.
Competition Analysis
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 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 offers quantitative analysis of bag in box container market overview and bag in box container market outlook.
- 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.
Bag-in-Box Container Market Report Highlights
| Aspects | Details |
 By End User Industry |
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 By Material |
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 By Application |
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 By Region |
|
 Key Market Players | Scholle IPN, Amcor Ltd., BiBP Sp. z O.O, CENTRAL PACKAGE & DISPLAY, Vine Valley Ventures LLC, Arlington Packaging (Rental) Limited, Liquibox, DS Smith, Optopack Ltd, Montibox, SLF INDUSTRY AND TRADE CO., LTD., Accurate Box Company, Inc, Zarcos America, Smurfit Kappa, Aran Group, TPS Rental System Ltd, CDF Corporation |
Analyst Review
The bag-in-box container market has witnessed significant growth in past few years, owing to surge in demand for food & beverage and personal care products.
The rise in food and beverage industry, especially in high income countries such as U.S, Canada, UK, and Germany has fueled the demand for bag-in-box container services. Furthermore, rise in demand for personal care and hygiene & cleaning products in developed & developing countries have increased the demand for bag-in-box containers. Moreover, Asia-Pacific is witnessing a rapid growth in the pharmaceutical sector, this is is expected to play crucial role in growth of bag-in-box container market in the region. Furthermore, rapid industrialization of the developing countries, owing to favorable and supportive government initiatives are expected to drive the demand for bag-in-box containers in countries such as India, Chile, Argentina, Brazil, and others.
In addition, factors such as advancement in technologies that have enabled automatic insertion of bag in the box, and development of plastic bags that do not release its smell in the contained products even over a longer period, are expected to provide lucrative opportunities for market growth
Development of environment friendly packaging is a major trend in the Bag-in-Box Container Market.
Bag-in-Box Containers are extensively used for packaging liquid, semi-liquid and dry products.
North America is the largest regional market for Bag-in-Box Container.
$3,910.6 Million is the estimated industry size of Bag-in-Box Container in 2021.
ABCO Automation, Inc., Accurate Box, Amcor plc, Aran Group, Arlington Packaging (Rental) Limited, BiBP Sp. z O.O and CDF Corporation are some of the top companies to hold the market share in Bag-in-Box Container Industry.
The Bag-in-Box Container market is projected to reach $ 7,011.7 million by 2031.
Based on material, plastic holds the maximum market share of the Bag-in-Box Container market in 2021.
The company profile has been selected on factors such as geographical presence, market dominance (in terms of revenue and volume sales), various strategies and recent developments.
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