Global Bag-In Box Containers market is expected to grow at a compound annual growth rate of XX% over the period 2019 to 2024 to reach a market size of US$XX billion by 2024 from US$XX billion in 2018. Bag-In Box Containers are containers used for storage and transportation of liquid products. In this, the products are filled in a plastic bag, which is further put into a container. The growing urbanization coupled with growing awareness regarding hygiene and personal care products is expected to be a key driver for the Bag-In Box Container market. Further, the augmenting demand for innovative and easy to use packaging is anticipated to impact the market positively. Additionally, technological advancements in Bag-In Box Technology is predicted to widen-up the growth opportunities for the market during the forecast period. However, strict government regulation regarding use of plastic along with presence of other packaging alternatives is expected to hinder the market growth. The Bag-In Box market has been segmented on the basis of material, end-use and geography. In the material segment, Ethylene Vinyl Alcohol is anticipated to grow significantly due to its anti-oxygen property. Geographically, Asia Pacific is expected to grow significantly due to the rising demand for Bag-In Box packaging along with rising investment by major players in developing countries like India and China. For instance, Scholle IPN a leading manufacturer of Bag-In Box opened a new and modern production facility in Palghar, India. North America is also projected to hold a significant share in the market on account of the presence of major food & beverage companies in the region.
Rising demand for innovative and easy to use packaging.
Growing food and beverage industry.
Strict government regulations regarding use of plastic.
In March 2019, Smurfit Kappa acquired a new facility in Texas, US, with an aim to expand its global Bag-In Box Footprint.
In February 2019, Smurfit Kappa opened a new plant in Tijuana, Mexico to strengthen its presence in Mexico.
In June 2018, Smurfit Kappa launched Thermo Bag with an aim to expand its range of Bag-In Box packaging solutions.
In March 2017, Scholle IPN a leading manufacturer of Bag-In Box expanded their business in India with the opening of a new and modern production facility in Palghar.
The major players profiled in the Bag-In Box Containers market include DS Smith PLC, Liqui Box, Scholle IPN, Smurfit Kappa, Amcor Ltd., Optopack Ltd., CDF Corporation, Vine Valley Ventures LLC, Zacros America Inc., Aran Group.
The Bag-In Box Containers market has been analyzed through the following segments:
By Material Type
High Density Polyethylene
Ethylene Vinyl Alcohol
Industrial Liquid Products
Middle East and Africa