Bag-in-Box: A Game Changer in Packaging
Why Bag-in-Box is the Future
The global bag-in-box market size is projected to grow from USD 1.6 billion in 2019 to USD 1.9 billion by 2024, at a CAGR of 3.8% from 2019 to 2024. The market is projected to grow in accordance with the growth of various end-uses of bag-in-box across the globe. Increasing sustainable packaging trend and the rise in wine production along with growing consumption of packed food and beverages are expected to support market growth during the forecast period.
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Smurfit Kappa (Ireland), DS Smith PLC (UK), Liqui-box corp (US), Scholle IPN Corp(US), and CDF Corporation Inc. (US) are the key players operating in the bag-in-box market. Acquisitions and new product developments are some of the major strategies adopted by these key players to enhance their positions in the bag-in-box market.
The Bag-in-Box market is rapidly expanding due to its eco-friendly, cost-effective, and efficient liquid packaging solutions, widely adopted in the beverage, food, and industrial sectors for sustainability and convenience.
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?? Bags
?? Boxes
?? Fitments
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?? < 1 liter
?? 3–5 liters
?? 5–10 liters
?? 10–20 liters
?? > 20 liters
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?? Semi-liquid
?? Liquid
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?? With Tap
?? Without Tap
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?? Food
?? Beverage
?? Industrial
?? Others* (cosmetics & personal care and household)
?The European region is projected to account for the largest share in the bag-in-box market during the forecast period.
?The European region is projected to lead the bag-in-box market, in terms of both value and volume, from 2019 to 2024. The growing demand for box wine is fragmented in Europe, which helps to engage with big players in the global market, providing cost advantages and introduction of innovative products in the market. The market also has a good mix of regional players, which eliminates any risk of supply shortage.Wine packaging is the primary driver for bag-in-box packaging within Europe.
?? The Bag-in-Box market is experiencing significant growth, driven by its eco-friendly, cost-effective packaging solutions. Widely used in the beverage, food, and industrial sectors, Bag-in-Box offers improved sustainability, extended shelf life, and reduced material waste, making it a preferred choice for liquid packaging applications worldwide.
Browse 136 market data Tables and 37 Figures spread through 165 Pages and in-depth TOC on Browse 136 market data Tables and 37 Figures spread through 165 Pages and in-depth TOC on "Bag-in-Box Market by (Semi-liquid, Liquid), Capacity (<1 liter, 3-5 liters, 5-10 liters, 10-20 liters, >20 liters), Component (Bags, Boxes, Fitments), Tap (With tap, Without tap), End-use Sector ,Region - Global Forecast to 2024"
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?? The global bag-in-box market size is projected to grow from USD 1.6 billion in 2019 to USD 1.9 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 3.8% during the forecast year.
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