Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1982.4 Million | USD 2984.92 Million | 4.2% | 2023 |
According to Zion Market Research, the global Bag-In-Box Containers Market was worth USD 1982.4 Million in 2023. The market is forecast to reach USD 2984.92 Million by 2032, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Bag-In-Box Containers Market industry over the next decade.
Bag-in-Box (BIB) containers are mainly used to extend the mean life of any liquid or semi-liquid food products. It is also used as a convenient packaging solution for industrial products. The outer box is made from corrugated cardboard or solid board that provides exceptional protection during transit. Bag-in-box containers have very low carbon contents as compared to other types of packaging, specifically used for liquids. It is lightweight and allows space optimization for the purpose of transport and storage.
Increasing demand for customized containers specifically from the food and beverages industry, the rising variety of containers introduced by the manufacturers, and the household products industry are some of the factors that are expected to boost the global bag-in-box containers market in the near future. In addition, manufacturers use high-quality printed packs that make use of color and graphics in order to attract consumers’ attention leading to increased sales. Since these types of containers offer better protection to the products as compared to others, they are widely used as an alternative to plastic packaging containers by many manufacturers.
On the basis of end-user, the global bag-in-box containers market is segmented as food & beverages, industrial liquid products, and household products. The food & beverages segment is further classified as alcoholic beverages, non-alcoholic beverages such as juice and smoothies, and liquid food such as cooking oil, milk & other, and dairy products.
Based on the material type, the global market is segmented as low-density polyethylene (LDPE), ethylene vinyl acetate (EVA), ethylene vinyl alcohol (EVOH), and others. The other segment is further classified as nylon and polybutylene terephthalate.
Based on the order type, the global bag-in-box container market is segmented into standard orders and customized orders.
Report Attributes | Report Details |
---|---|
Report Name | Bag-In-Box Containers Market |
Market Size in 2023 | USD 1982.4 Million |
Market Forecast in 2032 | USD 2984.92 Million |
Growth Rate | CAGR of 4.2% |
Number of Pages | 110 |
Key Companies Covered | Amcor Limited, Smurfit Kappa Group, Parish Manufacturing Inc., Scholle IPN, and Vine Valley Ventures LLC. Other key players influencing the global market are TPS Rental Systems Ltd., CDF Corporation, DS Smith, Liqui-Box, and Optopack Ltd., among others |
Segments Covered | By end-user, By material type, By order type and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The Asia Pacific is anticipated to witness the fastest growth in the global bag-in-box containers market owing to the strong presence of manufacturers. In addition, countries such as China and India have been witnessing considerable growth in the food and beverages industry, which in turn will boost the innovative packaging demand. This growing demand will foster the Asia Pacific bag-in-box containers market.
Some of the major companies dominating the global bag-in-box containers market are
By Material Type
By Order Type
By End-User
Bag-In-Box Containers Market: Regional Segment Analysis
FrequentlyAsked Questions
Bag-in----box (BIB) containers are packing arrangements whereby a flexible bag (the "bag") is placed inside a hard outside container (the "box"). Liquid products are often designed with this approach since it makes storage, transportation, and dispensing simple.
Growing environmental issues demand for environmentally friendly packaging solutions as well. Usually using less materials than conventional packaging, bag-in-box containers help to lower waste and a smaller carbon footprint.
According to Zion Market Research, the global Bag-In-Box Containers Market was worth USD 1982.4 Million in 2023. The market is forecast to reach USD 2984.92 Million by 2032.
According to Zion Market Research, the global Bag-In-Box Containers Market a compound annual growth rate (CAGR) of 4.2% during the forecast period 2024-2032.
The Asia Pacific is anticipated to witness the fastest growth in the global bag-in-box containers market owing to the strong presence of manufacturers. In addition, countries such as China and India have been witnessing considerable growth in the food and beverages industry, which in turn will boost the innovative packaging demand. This growing demand will foster the Asia Pacific bag-in-box containers market.
Some of the major companies dominating the global bag-in-box containers market are Amcor Limited, Smurfit Kappa Group, Parish Manufacturing Inc., Scholle IPN, and Vine Valley Ventures LLC. Other key players influencing the global market are TPS Rental Systems Ltd., CDF Corporation, DS Smith, Liqui-Box, and Optopack Ltd., among others.
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