Bag-in-Box Container Market to Surpass $ 4.0 Billion by 2027 | CAGR: 4.6%
Increasing demand for innovative and sustainable packaging to drive the growth of Bag-in-Box container market
SEATTLE, WA, United States, January 3, 2022 /EINPresswire.com/ – Increased demand for innovative and sustainable packaging to stimulate Bag-in-Box container market Growth, A bag-in-box container is a type of container commonly used to transport liquid products. It has a bladder, or plastic bag, made of low density polyethylene (LDPE), which sits inside the fiberboard.
The global bag-in-box container market is estimated to be worth US $ 4.0 billion in 2027 and is expected to display a CAGR of 4.6% during the forecast period, as highlighted in a new report released by Coherent Market Insights.
A bag-in-box or BiB is a container used for the storage and transport of liquids. It consists of a sturdy bladder (or plastic bag) placed inside a corrugated cardboard box. In packaging, a bag-in-box container is used for both dry and liquid products, in which the contents are placed in a flexible bag which is then placed inside a carton. Low density polyethylene, ethylene vinyl acetate and ethylene vinyl alcohol are some of the main materials used to produce BiB.
BiB is currently used to package wine, milk, soda fountain syrup products, water, and liquid chemicals, among others. Bag-in-box packaging uses a box, bag and accessory to transport and dispense liquid products both efficiently and without contamination. Food and beverages, household and industrial liquid products are the main items packaged in these containers.
The major players operating in the global bag-in-box container market are Optopack Ltd, Scholle IPN, TPS Rental Systems Ltd, Parish Manufacturing Inc., Vine Valley Ventures LLC, CDF Corporation, Liqui-Box, Amcor Limited, DS Smith and Smurfit Kappa Group, among others.
Main market drivers:
The growing demand for bag-in-box containers is expected to increase the growth of the bag-in-box container market during the forecast period. For example, in February 2021, Liquibox launched a range of single-material bag-in-box packaging solutions that the company says align with global design guidelines for flexible packaging such as those published by the Ellen MacArthur Foundation, CEFLEX and the Association of Plastic Recyclers.
Moreover, increasing demand for innovative and sustainable packaging solutions and development of new innovative materials are expected to drive the growth of bag-in-box container market. For example, in April 2021, Scholle IPN launched flexible and fully recyclable bag-in-box (BIB) packaging for water. The packaging has cleared the Association of Plastic Recyclers (APR) Critical Guidance Protocol for PE Films and Flexible Packaging (FPE-CG-01).
In the near future, the growing popularity of canned beverage containers is expected to drive the bagged container market. The bag-in-box principle is used to create drink-in-box containers. Drink-in-box containers are less expensive than bag-in-box containers. As a result, the growing popularity of beverage containers around the world is expected to drive the bagged container market. During the forecast period, the rapid penetration of global supermarket chains and quick service restaurants (QSRs) in Southeast Asia is expected to fuel the growth of the bag-in-box container market. In addition, high per capita food expenditure is expected to drive demand for hygienic food and lightweight packaging solutions.
COVID-19 impact analysis:
The COVID-19 outbreak has had a mixed impact on the packaging industry, mainly due to the shutdown of industrial operations around the world. However, demand for bag-in-box packaging has increased during the COVID-19 pandemic. Demand for bag-in-box wines has increased during the pandemic, according to Smurfit Kappa. In addition, in December 2020 Liquibox opened a new factory in Madrid to produce essential flexible packaging solutions. Liquibox notes an increasing demand for bag-in-box and bulk products as the demand for large-format packaging increases due to COVID-19. This in turn should contribute to the growth of the market.
Key points to remember:
The bag-in-box container market is expected to post a CAGR of 4.6% during the forecast period due to the emergence of COVID-19. Due to the rapid increase in the coronavirus crisis around the world, the demand for disinfectant is also increasing around the world. For example, in July 2020, Smurfit Kappa launched a new Bag-in-Box packaging suitable for hand sanitizer for end consumers. Available in various sizes from 1.5 liters to 20 liters, the flexible packaging can also be used as a refill solution.
Among the regions, North America, Europe and Asia-Pacific are expected to experience robust growth in the bag-in-box container market due to increasing consumption of alcoholic beverages, increasing demand for packaging more environmentally friendly and sustainable, increased demand for packaged food – beverages and the introduction of new products in these regions. For example, in August 2020, Smurfit Kappa launched SmartLife to improve the traceability and shelf life of its Bag-in-Box wine packaging.
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Recently Conducted Market Research A Bag-in-Box container market research, which covers over 20 key countries and categories, also provides perspective.
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