Bag-in-Box Container Market - Forecast(2024 - 2030)
Bag-in-Box Container Market Overview
Bag-in-box container market size is forecast to reach US$2.8 billion
by 2026, after growing at a CAGR of 4.3% during 2021-2026. The bag-in-box
packaging system was developed to address the challenges of packaging
paste-textured and liquid food products such as water, wine, sauce, syrup,
juice, and fats, purees, and oils. In the food and beverage industry, the
growing use of ethylene vinyl acetate and low density polyethylene based bag-in-box
containers for the packaging of alcoholic beverages, edible oils, and dairy
products has served as a crucial driving factor. The industry's growth is also
fueled by a global shift in consumption patterns toward natural food products.
Other factors driving the market include bag-in-box packaging's ease of
handling and transportation, which has led to its use in e-commerce retail with
the benefits of enhanced protection and extended shelf life.
COVID-19 Impact
However, the COVID-19 outbreak has caused a global slowdown in
plastics engineering, processing, and production. This has resulted in a
decrease in the production of bag-in-box containers around the world. Due to
the covid-19 outbreak, many countries were shut down owing to which the market
witnessed a period of low demand from its end-use industries. The continued
expansion of capacity in the bag-in-box container market has resulted in
oversupply and squeezed profit margins, putting manufacturers under even more
pressure in 2020. Furthermore, the COVID-19 pandemic impacted manufacturing
operations in a variety of industries, including food, beverage, and cosmetic
packaging, as most countries released "stay at home" or
"lockdown" guidance. During the pandemic, the decline of these
economic sectors hampered the growth of the bag-in-box container market.
Bag-in-Box Container Market Report Coverage
The report: “Bag-in-Box
Container Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth
analysis of the following segments of the bag-in-box container market.
By Capacity: <1 Liter,
1-5 Liters, 5-10 Liters, 10-20 Liters, and >20 Liters
By Component: Bag, Box, Fitments, and Spout
By Material: Polyethylene (Low Density Polyethylene, Linear Low Density
Polyethylene, High-Density Polyethylene, and Others), Ethylene Vinyl Acetate,
Metallized-PET, Ethylene Vinyl Alcohol, Polyamide/Nylon, and Others
By End-Use Industry: Food and Beverages [Dairy, Sauces, Edible Oils, Alcoholic Beverages
(Wine, Beer, and Others), Non-Alcoholic (Soft Drinks, Juices, Flavored Drinks, and
Others), and Others], Chemicals & Petrochemicals (Oils, Lubricants, Paints,
Industrial Fluids, and Petroleum Products), Homecare (Household Cleaners,
Liquid Detergents, Liquid Soaps, and Others), Cosmetics & Personal Care
(Cleansers, Conditioners, Shampoo, Lotion, and Others), and Others
By
Geography: North America (USA, Canada, and Mexico),
Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and
Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia and
New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America
(Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the
World (Middle East, and Africa)
Key Takeaways
- Asia-Pacific dominates the bag-in-box container market. Over the forecast period, the growing food and beverage market in the Asia Pacific is expected to benefit the bag-in-box container industry.
- The market is likely to be driven by the rising consumption of packaged nutritional food products, which offer benefits such as food safety and quality at affordable prices.
- Furthermore, the demand for bag-in-box containers is also expected to be driven by the rising consumption of household cleaners such as surface deodorizers and surface cleaners. The region's growing urban population has resulted in a rise in demand for hygiene-promoting products like household cleaners.
- Growth in the substitute product market, such as plastic and glass bottles, is expected to stifle demand for the bag-in-box container. The abundant availability of low-cost plastic bottles is expected to stifle market growth.
Figure: Asia-Pacific Bag-in-Box Container Market Revenue, 2020-2026 (US$ Billion)
For More Details on This Report - Request for Sample
Bag-in-Box Container Market Segment Analysis – By Capacity
The 5-10 liter segment held a significant share in the bag-in-box
container market in 2020 and is forecasted to grow at a CAGR of 3.7% during
2021-2026. Beverage manufacturers, foodservice operators, and quick-serve
restaurants have all used 5–10-liter bag-in-boxes in dispensing systems,
contributing to the segment's significant growth. Due to the increasing use of
these bag-in-boxes for packaging wines and juices for consumer use, the 1-liter
segment is expected to grow at the fastest CAGR during the forecast period.
Bag-in-Box Container Market Segment Analysis – By Material
The polyethylene segment held a significant share in the bag-in-box container
market in 2020. Plastic made from petroleum polymers is known as polyethylene.
It's one of the most long-lasting plastics available today. It's also
affordable and chemically resistant. This means it can withstand a wide range
of environmental threats. Because polyethylene packaging does not allow water
vapor to pass through, it can keep easily contaminated goods safe from the
elements. Furthermore, Polyethylene is light and takes up little space in
storage. As a result, it is simple to transport, lowering the carbon footprint
associated with transportation. As a result of these advantages, polyethylene
packaging is widely regarded as superior to other packaging materials, and
demand for it is increasing for a variety of packaging applications.
Bag-in-Box Container Market Segment Analysis – By End-Use Industry
The food and beverages segment held the highest share in the bag-in-box
container market in 2020 and is forecasted to grow at a CAGR of 6.5% during
2021-2026. Bag-in-box solutions for the food industry are ideal packaging
alternatives to unhygienic plastic canisters and are perfectly suited to HACCP
standards. In addition, bag-in-box container offers various advantages such as
excellent O2 barrier, shelf life unopened 6-9 months, stays fresh 4-6 weeks
after opening, easy access, one-handed dispense, 38% lighter than 4 glass
bottles, 98% filled pack pallet efficiency (40% better than glass), reduced
transport costs, and more. These advantages are aiding in its demand growth
from the food & beverage industry. Food and beverage demand have increased
as a result of improved lifestyles, higher disposable income, and growing
awareness of healthier products. Over the forecast period, the introduction of
packaging solutions that make it easier for consumers to consume and the
production of a large number of new soft drinks will emerge as major growth
drivers. Furthermore, manufacturers are expanding their product lines to
include nutritious products, healthier snack options, and innovative packaging,
all of which are driving the adoption of bag-in-box containers and resulting in
significant market growth.
Bag-in-Box Container Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the bag-in-box container market in 2020 up to 42% and is estimated to grow at a CAGR of 5.8% during 2021-2026. The food and beverage industry is flourishing in the region, which is accelerating the demand for food and beverage packaging in the region, thereby driving the market of bag-in-box containers. For instance, according to the China Chain Store & Franchise Association, China’s food and beverage (F&B) sector reached approximately US$595 billion in 2019, a 7.8 percent increase over 2018. The Singapore government launched Food Manufacturing Industry Transformation Map. The plan’s goal is for the industry to have an average productivity growth of 4.5% by 2020 while developing Singapore into a leading food and nutrition hub in Asia by 2025. According to Invest India, by 2025, the food processing industry in India is anticipated to be worth more than half a trillion dollars. This growth in the Asia-Pacific food and beverages sector is set to accelerate the demand for bag-in-box containers in the region, thereby driving market growth.
Bag-in-Box Container Market Drivers
Significant Demand from the Chemicals & Petrochemicals Industry
Bag-in-box packaging improves the efficiency of dispensing without the box ever leaving the shelf, which is particularly useful for small-quantity industrial lubes and greases. Bag-in-box container is often used in the chemical and petrochemical industry to store oils, lubricants, paints, industrial fluids, chemicals, petroleum products, and more. According to the International Trade Administration (ITA), the market size of the chemicals industry in India stood at US$163 billion in 2017-18. Major chemicals and petrochemicals production totaled 27,847 MT in 2018-19, up 4.15 percent from 2017-18. European Chemical Industry Council – Cefic, the global sale of chemicals is expected to increase from €3.7 trillion in 2019 to €6.2 trillion in 2030. With the growth of the chemical industry, the demand for its packaging is set to expand, which will substantially drive the bag-in-box container market.
Increasing Personal Care & Cosmetic Industries
The bag-in-box container is often used in the cosmetic & personal care industry for packaging of cleansers, conditioner, cream, liquid makeup, lotion, shampoo, tanning spray, and more. Due to rising consumer demand, the personal care and cosmetics industry is booming in various regions. According to the India Brand Equity Foundation (IBEF), the beauty, cosmetics, and grooming market in India will grow to US$20 billion by 2025, up from US$6.5 billion now. Thailand's beauty and personal care products market was worth around US$6.2 billion in 2018 and is expected to grow to US$8.0 billion by 2022, according to the International Trade Administration (ITA). From 2019 to 2022, Thailand's beauty and personal care industry is expected to grow at a rate of 7.3 percent per year. Since the personal care and cosmetic industries are booming, the demand for personal care and cosmetics packaging is also significantly increasing. Thus, the increasing personal care and cosmetic sector act as a driver for the bag-in-box container market during the forecast period.
Bag-in-Box Container Market Challenges
High Cost Associated with Bag-in-Box Containers
Because Bag in Box packaging uses twice as many materials, it has a
higher packaging material cost. By switching from a double package - a carton
with a pillow bag inside - to a single package, the manufacturer saves money. Cost
savings can be found not only in the material but also on the manufacturing
line, where expensive floor space is conserved and capital investment, as well
as related maintenance and operations costs, are reduced. Standup pouches, a
bag-in-box alternative, are made on a single VFFS machine, which takes up less
space on the manufacturing floor than a typical Bag in Box line, which might
include three baggers feeding a single carton. Bag-in-box containers are in
danger of being replaced by other packaging products and materials. Pouches are
the most common type. Pouches are one of the most widely used products for
beverage packaging. They are preferred because of their portability and ease of
use. Pouches are also available in a variety of sizes and formats, ranging from
50 mL to larger or multi-serving formats and sizes. Pouches have become popular
for on-the-go use as a result of these factors. As a result, the high cost of a
bag-in-box container may limit the market growth.
Bag-in-Box Container Market Landscape
Technology launches,
acquisitions, and R&D activities are key strategies adopted by players in
the bag-in-box container market. Bag-in-box container market top companies are Smurfit Kappa, DS Smith PLC, Liqui-Box Corp., Scholle IPN Corp,
and CDF Corporation Inc.
Acquisitions/Technology Launches
- In October 2019, in response to increased demand in the Asia Pacific, Rapak (DS Smith PLC) increased the bag-in-box production capacity of its Auckland, New Zealand facility.
- In September 2019, the Rapak division of DS Smith PLC developed a durable bag-in-box solution for liquid detergents in response to the increase in the e-commerce demand for laundry detergents and other consumer packaged goods. Biaxially oriented nylon (BON) lamination provides a good barrier and high puncture resistance in this specially designed bag-in-box unit.
Relevant Reports
Liquid Packaging Market – Forecast (2021 - 2026)
Report Code: CMR 0642
Beverage Packaging Market – Forecast (2021 - 2026)
Report Code: FBR 0349
For more Chemicals and Materials Market reports, please click here
LIST OF TABLES
1.Global Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 ($M)1.1 Low Density Polyethylene Market 2023-2030 ($M) - Global Industry Research
1.2 Ethylene Vinyl Acetate Market 2023-2030 ($M) - Global Industry Research
1.3 Ethylene Vinyl Alcohol Market 2023-2030 ($M) - Global Industry Research
2.Global Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
2.1 Food Beverage Market 2023-2030 ($M) - Global Industry Research
2.2 Industrial Liquid Market 2023-2030 ($M) - Global Industry Research
2.3 Household Product Market 2023-2030 ($M) - Global Industry Research
3.Global Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 (Volume/Units)
3.1 Low Density Polyethylene Market 2023-2030 (Volume/Units) - Global Industry Research
3.2 Ethylene Vinyl Acetate Market 2023-2030 (Volume/Units) - Global Industry Research
3.3 Ethylene Vinyl Alcohol Market 2023-2030 (Volume/Units) - Global Industry Research
4.Global Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 (Volume/Units)
4.1 Food Beverage Market 2023-2030 (Volume/Units) - Global Industry Research
4.2 Industrial Liquid Market 2023-2030 (Volume/Units) - Global Industry Research
4.3 Household Product Market 2023-2030 (Volume/Units) - Global Industry Research
5.North America Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 ($M)
5.1 Low Density Polyethylene Market 2023-2030 ($M) - Regional Industry Research
5.2 Ethylene Vinyl Acetate Market 2023-2030 ($M) - Regional Industry Research
5.3 Ethylene Vinyl Alcohol Market 2023-2030 ($M) - Regional Industry Research
6.North America Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
6.1 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
6.2 Industrial Liquid Market 2023-2030 ($M) - Regional Industry Research
6.3 Household Product Market 2023-2030 ($M) - Regional Industry Research
7.South America Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 ($M)
7.1 Low Density Polyethylene Market 2023-2030 ($M) - Regional Industry Research
7.2 Ethylene Vinyl Acetate Market 2023-2030 ($M) - Regional Industry Research
7.3 Ethylene Vinyl Alcohol Market 2023-2030 ($M) - Regional Industry Research
8.South America Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
8.1 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
8.2 Industrial Liquid Market 2023-2030 ($M) - Regional Industry Research
8.3 Household Product Market 2023-2030 ($M) - Regional Industry Research
9.Europe Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 ($M)
9.1 Low Density Polyethylene Market 2023-2030 ($M) - Regional Industry Research
9.2 Ethylene Vinyl Acetate Market 2023-2030 ($M) - Regional Industry Research
9.3 Ethylene Vinyl Alcohol Market 2023-2030 ($M) - Regional Industry Research
10.Europe Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
10.1 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
10.2 Industrial Liquid Market 2023-2030 ($M) - Regional Industry Research
10.3 Household Product Market 2023-2030 ($M) - Regional Industry Research
11.APAC Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 ($M)
11.1 Low Density Polyethylene Market 2023-2030 ($M) - Regional Industry Research
11.2 Ethylene Vinyl Acetate Market 2023-2030 ($M) - Regional Industry Research
11.3 Ethylene Vinyl Alcohol Market 2023-2030 ($M) - Regional Industry Research
12.APAC Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
12.1 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
12.2 Industrial Liquid Market 2023-2030 ($M) - Regional Industry Research
12.3 Household Product Market 2023-2030 ($M) - Regional Industry Research
13.MENA Bag-In-Box Container Market:Material Estimate Trend Analysis Market 2023-2030 ($M)
13.1 Low Density Polyethylene Market 2023-2030 ($M) - Regional Industry Research
13.2 Ethylene Vinyl Acetate Market 2023-2030 ($M) - Regional Industry Research
13.3 Ethylene Vinyl Alcohol Market 2023-2030 ($M) - Regional Industry Research
14.MENA Bag-In-Box Container Market:Application Estimate Trend Analysis Market 2023-2030 ($M)
14.1 Food Beverage Market 2023-2030 ($M) - Regional Industry Research
14.2 Industrial Liquid Market 2023-2030 ($M) - Regional Industry Research
14.3 Household Product Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Bag-in-Box Container Market Revenue, 2023-2030 ($M)2.Canada Bag-in-Box Container Market Revenue, 2023-2030 ($M)
3.Mexico Bag-in-Box Container Market Revenue, 2023-2030 ($M)
4.Brazil Bag-in-Box Container Market Revenue, 2023-2030 ($M)
5.Argentina Bag-in-Box Container Market Revenue, 2023-2030 ($M)
6.Peru Bag-in-Box Container Market Revenue, 2023-2030 ($M)
7.Colombia Bag-in-Box Container Market Revenue, 2023-2030 ($M)
8.Chile Bag-in-Box Container Market Revenue, 2023-2030 ($M)
9.Rest of South America Bag-in-Box Container Market Revenue, 2023-2030 ($M)
10.UK Bag-in-Box Container Market Revenue, 2023-2030 ($M)
11.Germany Bag-in-Box Container Market Revenue, 2023-2030 ($M)
12.France Bag-in-Box Container Market Revenue, 2023-2030 ($M)
13.Italy Bag-in-Box Container Market Revenue, 2023-2030 ($M)
14.Spain Bag-in-Box Container Market Revenue, 2023-2030 ($M)
15.Rest of Europe Bag-in-Box Container Market Revenue, 2023-2030 ($M)
16.China Bag-in-Box Container Market Revenue, 2023-2030 ($M)
17.India Bag-in-Box Container Market Revenue, 2023-2030 ($M)
18.Japan Bag-in-Box Container Market Revenue, 2023-2030 ($M)
19.South Korea Bag-in-Box Container Market Revenue, 2023-2030 ($M)
20.South Africa Bag-in-Box Container Market Revenue, 2023-2030 ($M)
21.North America Bag-in-Box Container By Application
22.South America Bag-in-Box Container By Application
23.Europe Bag-in-Box Container By Application
24.APAC Bag-in-Box Container By Application
25.MENA Bag-in-Box Container By Application
26.Amcor Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Smurfit Kappa Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.D Smith, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Liqui Box Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Parish Manufacturing Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Scholle Ipn, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Cdf Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Arlington Packaging, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Central Packaging Display, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Accurate Box Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Optopack, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Zacros America Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Aran Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Du Pont, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Tps Rental System, Sales /Revenue, 2015-2018 ($Mn/$Bn)