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Bag-in-Box Market- Materials, Components, Capacity, Tap, End-use sector, Regional Analysis, and Key Players| MarketsandMarkets™

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Bag-in-Box Market- Materials, Components, Capacity, Tap, End-use sector, Regional Analysis, and Key Players| MarketsandMarkets™

March 17
23:09 2023
Bag-in-Box Market- Materials, Components, Capacity, Tap, End-use sector, Regional Analysis, and Key Players| MarketsandMarkets™
Browse 136 market data Tables and 37 Figures spread through 165 Pages and in-depth TOC on “Bag-in-Box Market”
Bag-in-Box Market by (Semi-liquid, Liquid), Capacity (20 liters), Component (Bags, Boxes, Fitments), Tap (With tap, Without tap), End-use Sector ,Region

A bag-in-box (BIB) container is a type of container used for liquid storage and transportation. BIBs are constructed from a flexible, plastic-lined cardboard box with a plastic bag inside. The bag is then filled with a liquid, such as wine, juice, or another beverage, and sealed before being placed inside the cardboard box. BIBs are designed to be simple and inexpensive to use, as the cardboard box protects the contents from damage and the plastic bag keeps the product fresh for a longer period of time.

The report “Bag-in-Box Market by (Semi-liquid, Liquid), Capacity (20 liters), Component (Bags, Boxes, Fitments), Tap (With tap, Without tap), End-use Sector ,Region – Global Forecast to 2024″ The global bag-in-box market size is projected to grow from USD 1.6 billion in 2019 to USD 1.9 billion by 2024, at a CAGR of 3.8% from 2019 to 2024. The market is projected to grow in accordance with the growth of various end-uses of bag-in-box across the globe. Increasing sustainable packaging trend and the rise in wine production along with growing consumption of packed food and beverages are expected to support market growth during the forecast period. 

The

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The beverages segment, by end-use sector, accounted for a larger market size for bag-in-box in 2018, in terms of both value and volume. This dominant market position is attributed to the exponential growth of wine production in developed countries globally. With the boost in wine production, the prefered sustainable packaging for wine consumption has also gone up, which has created an opportunity for the of bag-in-box systems in these market.

The European region is projected to lead the bag-in-box market, in terms of both value and volume, from 2019 to 2024. The growing demand for box wine is fragmented in Europe, which helps to engage with big players in the global market, providing cost advantages and introduction of innovative products in the market. The market also has a good mix of regional players, which eliminates any risk of supply shortage.Wine packaging is the primary driver for bag-in-box packaging within Europe.

Smurfit Kappa (Ireland), DS Smith PLC (UK), Liqui-box corp (US), Scholle IPN Corp(US), and CDF Corporation Inc. (US) are the key players operating in the bag-in-box market. Acquisitions and new product developments are some of the major strategies adopted by these key players to enhance their positions in the bag-in-box market.

Smurfit Kappa is a leading company in Europe, producing corrugated packaging, ‘Bag-in-Box,’ and containerboards. Also, they are the only Pan-American producer of containerboard and corrugated packaging. Smurfit Kappa has over 40 years of expertise in complete bag-in-box packaging solutions and is among the few providers of a complete bag-in-box packaging system. They provide clients with everything that is related to bag-in-box packaging, from films and accessories to bags, boxes, and taps. They also provide complete filling lines, which give the clients full expertise throughout the process of packaging liquids in bag-in-box.

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DS Smith is a leading provider of corrugated packaging worldwide. The company also has a recycling business that collects used corrugated cardboard and paper, from which the company’s paper manufacturing facilities produced the recycled paper that the company uses to make corrugated boxes. Their business model is focused on sustainable packaging. DS Smith Rapak is the division that manufactures products for its bag-in-box solutions. It produces both standard and custom-designed bag-in-box solutions that are renowned for high-quality and reliability. It offers an extensive product portfolio, catering to several end-use sectors.

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