The global Bag-in-Box market is anticipated to increase at a 5.7% CAGR to reach value US$ 6.6 Bn in 2031
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"The Global Bag-in-Box Market 2021-2031 (USD Billion)")
Bag-in-box are containers usually used for liquid and semi liquid storage and smart transportation. Different types of materials are used for the manufacturing of bag-in-boxes such as Low-Density Polyethylene, Ethylene Vinyl Acetate, and Ethylene Vinyl Alcohol. Ethylene Vinyl Alcohol material increasingly used for food & beverage applications. extended shelf life, eco-friendly, cost-effective, ease of handling, and microbial protection properties is expected to increase bag-in-box market concentration over the coming years.
The global bag-in-box market revenue was valued at >USD 1,500 Million in 2019. This can be attributed to the increasing demand for food & beverages, rising trend of sustainable packaging in developed as well as developing economies.
Additionally, increasing alcoholic consumption globally over the past few years has increased its market concentration and the trend is expected to continue over the coming years. Moreover, ease of handling, safe transportation, continues product innovation in packaging, and emerging e-commerce is further expected to drive bag-in-box market concentration over the forecast period. Favorable government initiatives in emerging economies such as in India, China, Brazil, and Southeast Asia regarding green and sustainable packaging will add market growth.
Bag-in-Box Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2031 |
| Study Period | 2018-2031 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2031 | US$ 6.6 Bn |
| Growth Rate | CAGR of 5.7% during 2021-2031 |
| Segment Covered | By Capacity, Material, End User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
| Key Players Profiled | Smurfit Kappa Group, Liqui-Box Corporation (DS Smith Plc.), Amcor plc, Scholle IPN, CDF Corporation, TPS Rental Systems Ltd, Optopack Ltd., NWB Finland Oy, Aran Group, TriMas Company (Rapak) |
Key Segment Of The Bag-in-Box Market
By Capacity,(USD Million)
• Upto 20 Liters
• 21 to 150 Liters
• 151 to 750 Liters
• 751 & Above Liters
By Material,(USD Million)
o Paper and Paperboard
o Plastic
• Low Density Polyethylene (LDPE)
• Ethylene Vinyl Acetate
• Metallized-PET
• Ethylene Vinyl Alcohol (EVOH)
• Nylon
• Others
By End Use,(USD Million)
o Food
• Dairy Products
• Sauces, Vinegar & Flavouring
• Liquid Egg Products
o Beverages
• Alcoholic Beverages
• Non Alcoholic Beverages
• Water
• Others
o Chemicals
o Petroleum
o Homecare
o Cosmetic & Personal Care
Regional Overview, (USD Million)
North America
• US
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
Middle East and South Africa
Frequently Asked Questions (FAQ) :
The application of the bag in box market Food & Beverages, Industrial Liquids, Household Products.
The bag in box market is growing at a CAGR of 5.7% over the forecast period.
The major contenders in the global market Smurfit Kappa Group, Liqui-Box Corporation (DS Smith Plc.), Amcor plc, Scholle IPN, CDF Corporation, TPS Rental Systems Ltd, Optopack Ltd., NWB Finland Oy, Aran Group, TriMas Company (Rapak)
In 2019, global wine consumption was surpassed 240 million hectoliters. Increasing wine consumption over the past few years has increased adoption of bag-in-boxes for wine storage and transportation. Increasing wine demand from North America and Europe is expected to open new opportunities for bag-in-box manufacturers to increase their production capabilities in order to cater increasing industry requirement and gain market competitiveness. The bag-in-box products are expected to face high competition from other packaging products available in the market. Some popular alternative available in the market is pouch. Increasing adoption of pouches for alcoholic beverages packaging is expected to be the potential thereat for bag-in-box industry over the coming years. Other alternatives which are available in the market are glass and plastic bottles. Easy availability of raw materials coupled with low prices as compared to bag-in-box containers may expected to hamper the market. However, stringent government regulations regarding plastic products and their impact on environment is expected to open new avenues for the industry.
Application Segment
In terms of the application, the market is segmented into food & beverages, industrial liquids, and household products. Food & beverages products contains wine, beer, juices & flavored drinks, soft drinks, water, tomato products, milk & dairy products, liquid eggs, and edible oil. Industrial liquid products include oils, industrial fluids, and petroleum products. Household products include household cleaners, liquid detergents, and liquid soaps & handwash.
In 2019, food & beverages accumulated the major market share and it is expected to do so over the forecast years. Increasing geriatric population in developed economies followed by rising concern of health & hygiene has encouraged packaging manufacturers for sustainable packaging. This in turns, is expected to open new avenues for bag-in-box industry in North America and Europe in coming years. Increasing soft drink consumption in India, China, and Southeast Asia over the past few years will further add market growth.
The Europe region dominated the overall market in 2019 and it is projected to keep its position during the forecast years 2018-2028. The market growth in this region is mostly ascribed to increasing food & beverage demand over the past few years coupled with rising health concern. Plastic ban imposed by many European countries followed by reducing use of glass bottles over the past few years has opened new market opportunity for bag-in-boxes in this region. Asia Pacific is expected to be the fastest growing region for bag-in-boxes industry by virtue of increasing per capital expenditure followed by rising consumption of packaged foods in India, China, and Japan.
The major players of the global bag-in-box market are Smurfit Kappa, DS Smith PLC, Liqui-Box Corp., Scholle Ipn Corp., CDF Corporation, Aran Group, Fujimori Kogyo Ltd., Goglio S.P.A, SLF Packaging, and Optopack Ltd. Moreover, the market comprises several other prominent players in the bag-in-box market that are Amcor Ltd., TPS Rental Systems, Arlington Packaging, Bernhardt Packaging, Vine Valley Ventures LLC (Astrapouch), LGR Packaging, LD Packaging, Hearthside Food Solutions, Aspla-Platicos Espanoles S.A, and Westrock Company. The bag-in-box market consists of well-established global as well as local players. In addition, the previously recognized market players are coming up with new and advanced strategic solutions and services to stay competitive in the global market.