Global Bag-in-box Packaging Market 2019-2023

The global bag-in-box packaging market size will grow by USD 623.63 million during 2019-2023. This report offers an analysis of the market based on application (beverages, industrial liquids, and household liquids) and geography (the Americas, APAC, and EMEA). The bag-in-box packaging market research report further analyzes the market’s competitive landscape and offers information on several companies including Amcor, DS Smith, Liqui-Box, Scholle IPN, and Smurfit Kappa.

Below are some of the key findings from the bag-in-box packaging market research report

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Global bag-in-box packaging industry overview

The growing global packaged beverage consumption is one of the major factors that will drive the bag-in-box packaging market growth during forecast period. In 2017, the global packaged beverages consumption was estimated at about 1,120 billion liters. This is expected to grow further at a rate of 2.8% annually, during the forecast period. In 2017, carbonated soft drinks, and packed water had the highest consumption rate among all the packaged beverages. About 170 billion liters of packaged milk and dairy-based beverages were consumed around the world. Bag-in-box packaging is more hygienic than other commonly used types of packaging like spout pouches. In addition, it also provides for convenient dispensing. As the consumption of packaged beverages grows, the demand for bag-in-box packaging will also accelerate, leading to the growth in the bag-in-box packaging market size.

The growing need for sustainable packaging is one of the key bag-in-box packaging market trends likely to gain traction in the forthcoming years. With ban on plastic and plastic-related products in many countries, several end user industries are adopting sustainable packaging solutions. Bag-in-box packaging includes an outer cover made of corrugated cotton, which is 100% recyclable. Furthermore, bag-in-box packaging also offers a suitable alternative for plastic packaging. The bag-in-box packaging market forecast report predicts that fueled by these factors, the market will grow at a CAGR of over 5% during the forecast period.

Top bag-in-box packaging companies covered in this market research report

The bag-in-box packaging market is moderately concentrated. The market is in the growth phase and the intensity of competition will remain the same throughout the forecast period. By offering a complete analysis of the market's competitive landscape and with information on the products offered by the companies, this bag-in-box packaging industry analysis report will aid clients identify new growth opportunities and design new growth strategies.

The report offers a complete analysis of various companies including:

• Amcor
• DS Smith
• Liqui-Box
• Scholle IPN
• Smurfit Kappa

Bag-in-box packaging market segmentation based on geographic regions

• Americas
• APAC
• EMEA

Global bag-in-box packaging market analysis reveals that the APAC region will lead the bag-in-box packaging market share till the end of forecast period. APAC will also account for the highest bag-in-box packaging market growth throughout the forecast period.

Bag-in-box packaging market segmentation based on application

• Beverages
• Industrial liquids
• Household liquids

The beverages segment will lead the global bag-in-box packaging market share during the forecast period. Beverage applications will also account for the highest bag-in-box packaging market growth. Additionally, the report also provides an accurate prediction of the contribution of the various application segments to the growth of the bag-in-box packaging market size.

Key highlights of the global bag-in-box packaging market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the bag-in-box packaging market during the next five years
• Precise estimation of the global bag-in-box packaging market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the bag-in-box packaging industry across the Americas, APAC, and EMEA
• A thorough analysis of the market's competitive landscape and detailed information on several vendors
• Comprehensive details on the factors that will challenge the growth of bag-in-box packaging companies

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