Market Analysis: Global Bag-in-Box Containers Market
Bag-in-box containers market is expected to rise to an estimated value of USD 4.85 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the growth of demand for innovative methods of environmental-friendly packaging that offer various other protective benefits.
Market Definition: Global Bag-in-Box Containers Market
Bag-in-box containers are the outermost layer of packaging in a bag-in-box packaging product, which is responsible for protection of the inner layer of bag. This container includes the bag which holds the contents and also has an opening in which a tap is protruded for disposing the contents. This packaging system is majorly utilized for liquids, although certain different application areas are also emerging with growing innovations provided by the various market players.
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Market Drivers:
• Increasing preference of bag-in-box packaging solutions over rigid packaging is expected to drive the growth of the market
• Growing focus of various manufacturing organizations to reduce their carbon footprint; this factor is expected to boost the growth of the market
• Increasing focus on adopting better environmental packaging products amid presence of various regulations regarding the impact on the environment can also act as a market driver
• High demand for these packaging solutions from the food & beverage as well as industrial products industry will also drive the market growth
Market Restraint:
• Availability of various alternative products and solutions; this factor is expected to hinder the growth of the market
Segmentation: Global Bag-in-Box Containers Market
By Material Type
• Paper & Paperboard
o Corrugated Cardboard
o Solid Board
• Plastics
o Low-Density Polyethylene (LDPE)
o Ethylene-Vinyl Acetate (EVA)
o Metallized Polyethylene Terephthalate (PET)
o Ethylene Vinyl Alcohol (EVOH)
o Nylon
o Others
By End-Use
• Food & Beverages
o Alcoholic Beverages
o Wine & Spirits
o Beer
o Others
o Non-Alcoholic Beverages
o Fruit Juices & Pulp
o Sports & Energy Drinks
o Ice Tea & Coffee
o Others
o Dairy Products
o Water
o Sauces, Vinegar & Flavourings
o Liquid Egg Products
o Others
• Industrial
o Chemicals
o Detergents
o Floor Cleansers
o Lubricants
o Oils
o Adhesives
o Inks
• Cosmetics & Personal Care
o Creams & Lotions
o Shampoos & Conditioners
o Others
By Capacity
• Less than 5 litres
• 5-10 litres
• 10-15 litres
• 15-20 litres
• More than 20 litres
By Geography
• North America
o U.S.
o Canada
o Mexico
• South America
o Brazil
o Argentina
o Rest of South America
• Europe
o Germany
o United Kingdom
o Italy
o France
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
• Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Thailand
o Malaysia
o Indonesia
o Philippines
o Rest of Asia-Pacific
• Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
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Key Developments in the Market:
• In March 2019, DS Smith’s “Rapak” brand announced the expansion of their bag-in-box packaging capabilities with the installation of a sixth production line at the facility located in Bulgaria. This expansion is designed to meet the growing demand for bag-in-box packaging systems from the various consumers
• In January 2017, DS Smith announced that they had completed the acquisition of Parish Manufacturing, Inc. Parish Manufacturing is operating out of Indianapolis, Indiana, United States and deals in the manufacturing and supply of bag-in-box systems for different liquid variants. Their business operations will be integrated under the DS Smith’s “Rapak” brand, and will complement the business operations of DS Smith’s in the North America region
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Competitive Analysis:
Global bag-in-box containers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bag-in-box containers market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global bag-in-box containers market are Smurfit Kappa; DS Smith; Scholle IPN; CDF Corporation; Vine Valley Ventures LLC; Optopack Ltd.; Arlington Packaging (Rental) Limited; Aran Group; Zacros America, Inc; Zevathener; DRINKinBOX; Polsinelli Enologia Srl; Black Forest Container Systems, LLC; OliveOilsLand; Jigsaw Bag in Box; Gráficas Digraf; FERRE IMPORT&EXPORT S.L. among others.
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