GENERAL

Demand for bags-in-box will increase consistently between 2022 and 2031, growing at a stable 5.7% rate

The bag-in-box market value is estimated at US$ 4.0 Bn in 2022 and is projected to reach US$ 6.6 Bn by 2031, at a CAGR of 5.7% from 2022 to 2031. The bag-in-box packaging format accounts for 12% of global alcohol packaging market worth US$ 36 billion in 2022.

As per the FMI analysis, bag-in-box solutions having capacity between 151 to 750 liters and above 751 Liters are expected to account for almost half of the total bag-in-box packaging products sold globally in 2022.

Manufacturers are adhering to stringent food regulations to ensure the flavor of the wine stays intact. Besides this, hygienic &useful access to the inside content, the plastic film deliberately guards wines against oxygen and light are some of the important aspects that made bag-in-box a foremost packaging solution for wines.

Several industries are opting for bag-in-box packaging solutions as these collapse easily into a flat bag and box which minimizes shipping cost and storage requirements. These factors are expected to enable growth in the market in the coming years.

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Important Lessons from the Bag-in-Box Market

  • Demand for bags-in-box will increase consistently between 2022 and 2031, growing at a stable 5.7% rate.
  • The United States will be able to account for approximately 86% of sales in North America due to rising demand from numerous industries.
  • Germany, France, and Italy will have greater demand as wine production rises.
  • After experiencing a decline, UK sales will rebound in 2022, growing by 1.8% year over year.
    China will have the largest percentage of the East Asian market, followed by Japan and South Korea.

Will the bag-in-box packaging solution maintain its momentum across a range of industries?
Expanding Dairy Industry Supporting Bag-in-Box Market Expansion

Manufacturers of bag-in-box products may find prospects in the dairy business. The dairy business uses traditional packaging techniques like glass bottles and die-cut lids. However, due to its aseptic nature, low cost in comparison to conventional packaging, and eco-friendly benefits, bag-in-box finds wide-ranging use in the dairy industry.

The dairy industry’s fastest-growing subsectors are milkshakes and smoothies. Large quantity packs can be given with the highest level of protection during the transit to the distant markets for dairy products like fresh cream and condensed milk that require airtight packing. Bag-in-box usage in dairy retail will keep expanding, offering promising market expansion prospects.

Competitive Landscape

Leading market players engaged bag-in-box manufacturing are focusing on providing bag-in-box packaging solutions made using sustainable raw materials. They also are entering into strategic partnerships with key end users to stay ahead of the competitors: –

  • In October 2021, Smurfit Kappa Group announced the launch of its new sustainable bag-in-box, which is made from 53% recycled and renewable materials.
  • In July 2021, Liqui-Box Corporation teamed up with WestRock Company to deliver bag-in-box e-commerce solutions for liquids.
  • In May 2021, Schoelle IPN released its SIOC approved bag-in-box packaging for liquid products.

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Key Companies 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)

Bag-in-Box Market By Category

By Capacity:

  • Upto 20 Liters
  • 21 to 150 Liters
  • 151 to 750 Liters
  • 751 & Above Liters

 By Material:

  • Paper and Paperboard
  • Plastic
    • Low Density Polyethylene (LDPE)
    • Ethylene Vinyl Acetate
    • Metallized-PET
    • Ethylene Vinyl Alcohol (EVOH)
    • Nylon
    • Others

By End Use:

  • Food
    • Dairy Products
    • Sauces, Vinegar & Flavouring
    • Liquid Egg Products
  • Beverages
    • Alcoholic Beverages
    • Non Alcoholic Beverages
    • Water
    • Others
  • Chemicals

Table of Content

1. Executive Summary

1.1. Global Market Overview

1.2. Analysis and Recommendations

2. Market Overview

2.1. Market Definition

2.2. Market Coverage

3. Key Market Trends

3.1. Key Trends Impacting the Market

3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis

4.2. Product USPs / Features