The global bag-in-box container market size is expected to reach USD 6.07 Billion by 2030 according to a new study by Polaris Market Research. The report “Bag-in-Box Container Market Share, Size, Trends, Industry Analysis Report, By Capacity (< 1 Liter, 1-5 Liters, 5-10 Liters, 10-20 Liters, >20 Liters); By Material State; By Component; By End-Use; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Bag-in-box container is a sustainable packaging alternative as more than 75% of the corrugated cardboard used for BIB packaging is fully recyclable, renewable, and biodegradable. These are extensively being used in the wine industry. The plastic bag used in such packaging is also environmentally friendly in a variety of other ways. At the end of life, they can be totally recycled through both the fiberboard and polymer recycling streams, including the injection-molded dispensing nozzles utilized in liquid dispensing bag-in-box applications. These types of containers further provide security for food items.
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Asia Pacific is expected to dominate the global market over the forecast period. The rising food & beverage industry in the Asia Pacific is likely to boost the market over the forecast period. The industry would most likely be driven by increased consumption of packaged nutritional food products, which provide benefits such as food safety and quality, at reasonable rates. Furthermore, the rising proliferation of the e-commerce industry in the region is propelling the industry's growth as online shopping requires safe packaging. The e-commerce sector of India is projected to grow from USD 46.2 billion as of 2020 to USD 111.40 billion by 2025. It is expected to reach USD 350 billion by 2030.
Major players in the market are Aran Group, Goglio S.P.A, Bernhardt Packaging, CDF Corporation, DS Smith PLC, Fujimori Kogyo Ltd., Amcor Ltd., GR Packaging, Liqui-Box Corp., Optopack Ltd., Scholle Ipn Corp., Arlington Packaging, SLF Packaging, and Smurfit Kappa.
Polaris Market Research has segmented the bag-in-box container market report based on capacity, component, material state, end-use, and region:
Bag-in-Box Container, Capacity Outlook (Revenue - USD Billion, 2018 - 2030)
Bag-in-Box Container, Component Outlook (Revenue - USD Billion, 2018 - 2030)
Bag-in-Box Container, Material State Outlook (Revenue - USD Billion, 2018 - 2030)
Bag-in-Box Container, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
Bag-in-Box Container, Regional Outlook (Revenue - USD Billion, 2018 - 2030)