Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 4.29 Billion | USD 7.94 Billion | 7.08% | 2023 |
According to a report from Zion Market Research, the global Bag-in-Box Market was valued at USD 4.29 Billion in 2023 and is projected to hit USD 7.94 Billion by 2032, with a compound annual growth rate (CAGR) of 7.08% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Bag-in-Box industry over the next decade.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Bag-in-Box market. To understand the competitive landscape in the global Bag-in-Box market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
The development of Bag-in-Box market is contributed to the requirement for innovative and sustainable packaging as well as the rise in the consumption of alcoholic beverages in emerging and developed countries. Additionally, the demand for effortlessness handling and transportation of bag-in-box packaging has increased its utilization in the e-commerce retail with the advantages of improved protection, extended shelf life of the product, thereby propelling the Bag-in-Box market. Furthermore, the rising demand for bag-in-box for various applications coupled with the introduction of new applications is anticipated to boost the market growth during the forecast period.
In addition, the advancing global economy, surging working population, high demand for food products and alcoholic drinks is anticipated to boost the growth of the global Bag-in-Box market. Moreover, the stringent regulations for the usage of plastic and high sustainability criterions, with the primary focusing being reducing packaging waste is expected to drive the growth of the market.
The research study provides a decisive view on the global Bag-in-Box market based on Material State, Capacity, Component, Tap, End-User Sector, and Region. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2024 to 2032.
On the basis of material state, the market for Bag-in-Box is segmented into Semi-Liquid and Liquid.
Based on capacity, the market is segregated into <1 Liter, 3–5 Liters, 5–10 Liters, 10–20 Liters, >20 Liters.
By component, the global Bag-in-Box is categorized into Bags, Boxes, and Fitments.
In terms of tap, the market is classified into With Tap and Without Tap.
By end-use sector, the Bag-in-Box market is sectored into Food, Beverage, Industrial, and Others.
The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Report Attributes | Report Details |
---|---|
Report Name | Bag-in-Box Market |
Market Size in 2023 | USD 4.29 Billion |
Market Forecast in 2032 | USD 7.94 Billion |
Growth Rate | CAGR of 7.08% |
Number of Pages | 110 |
Key Companies Covered | Smurfit Kappa and DS Smith PLC |
Segments Covered | By Component , By Capacity, By Material State, By Tab, By End-Use Sector 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 |
Some of the key players of the global Bag-in-Box market include-
Global Bag-in-Box Market: By Component Segmentation Analysis
Global Bag-in-Box Market: By Capacity Segmentation Analysis
Global Bag-in-Box Market: By Material State Segmentation Analysis
Global Bag-in-Box Market: By Tab Segmentation Analysis
Global Bag-in-Box Market: By End-Use Sector Segmentation Analysis
Global Bag-in-Box Market: By Regional Segmentation Analysis
FrequentlyAsked Questions
The Bag-in-Box Market was valued at USD 4.29 Billion in 2023.
The Bag-in-Box Market is expected to reach USD 7.94 Billion by 2032, growing at a CAGR of of 7.08% between 2024 to 2032.
Global Bag-in-Box Market players such as Smurfit Kappa and DS Smith PLC.
The development of Bag-in-Box market is contributed to the requirement for innovative and sustainable packaging as well as the rise in the consumption of alcoholic beverages in emerging and developed countries. Additionally, the demand for effortlessness handling and transportation of bag-in-box packaging has increased its utilization in the e-commerce retail with the advantages of improved protection, extended shelf life of the product, thereby propelling the Bag-in-Box market.
The Regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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