Emphasis on Material Type (Ethylene Vinyl Alcohol, Low-Density Polyethylene, Ethylene Vinyl Acetate, and Others); Capacity (5 Litres, 5-10 Litres, 10-15 Litres, 15-20 Litres, and More Than 20 Litres); Application (Food & Beverage, Industrial Liquids, Household Products, and Others); Region/Country
The bag-in-box container market is expected to grow at a strong CAGR of around 6.7% during the forecast period owing to the potential company collaborations. For instance, in January 2022, Parksons Packaging Ltd. acquired Manohar Packaging, a new entity to have a presence across India. In addition, the increasing product launches by companies to find potential sustainable packaging products, rising research and development activities for developing cheaper and environment-friendly packages, and the rising urban population are also driving the bag-in-box container market. Global package-producing giants are leaving no stone unturned to showcase their potential for launching a new shoe with integrated technologies by expanding their portfolio. For instance, in October 2022, Liquibox launched new bag-in-box filling machines – A-series (automatic) and S-series (semi-automatic) to fill a diverse range of liquid products, such as beverages, liquid food, and others.
Some of the major players operating in the market include Amcor plc; Aran Group; Arlington Packaging Ltd; BERNHARDT Packaging & Process; CDF Corporation; DS Smith; FUJIMORI KOGYO CO., LTD; Goglio SpA; Smurfit Kappa; Optopack Ltd.
Insights Presented in the Report
“Amongst material type, the ethylene vinyl acetate category to grow with high CAGR during the forecast period”
Based on material type, the market is segmented into ethylene vinyl alcohol, low-density polyethylene, ethylene vinyl acetate, and others. The ethylene vinyl acetate segment is expected to hold a significant share in the forecast period due to the surge in demand for wine products. For instance, in June 2022, a leading manufacturer of EVA films globally, Hangzhou First Applied Material Co. Ltd, announced its decision to invest USD 226 million into expanding its ethylene vinyl acetate (EVA) film production capacity in Vietnam. Ethylene vinyl acetate is in high demand due to increasing urbanization and the rising number of restaurants and food outlets. Top of FormThus, the ethylene vinyl acetate category is expected to grow with a high CAGR during the forecast period.
“Amongst capacity, the 5-10 litres segment held a significant share in the year 2022”
Based on capacity, the market is bifurcated into 5 litres, 5-10 litres, 10-15 litres, 15-20 litres, and more than 20 litres. The 5-10 litres segment held a significant share in 2022 majorly due to the enormous usage of these boxes in dispensing systems in all major food service operators and beverage manufacturers. Also, advances in technology, the growing trend of packaged liquid products like juices and wines, and an increasing urban population are all factors that have contributed to this development of the segment. Thus, the 5-10 litres segment dominated the market in the year 2022 amongst applications.
“Amongst applications, the household products segment to grow with a significant rate in the forecast period”
The market is segmented based on application into food & beverage, industrial liquids, household products, and others. The household products segment is expected to grow with a high CAGR owing to the rising demand for daily-use products like surface cleaners and fabric softeners. Also, low prices, easy handling, and new product launches for providing enhanced care to consumers are driving this segment’s growth. Thus, the household products segment is expected to grow at a significant rate in the upcoming years.
Bag In Box Container Market Report Coverage
“Amongst regions, North America region held a significant share in the year 2022”
For a better understanding of the market adoption of the bag-in-box container industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the market of bag-in-box containers in 2022. Several factors such as the availability of cutting-edge and innovative products, the rising urban population in the region are increasing the demand for packaged items, rising spending capacities among consumers in developed countries, and loaded investment in bag-in-box container product discovery are driving the market in the region. For instance, in January 2023, Arlington introduced the Arlington Onetrip275 in the U.S. market. The Onetrip275 is a cost-effective and safe corrugated bag-in-box tote solution that can transport over 275 gallons of liquid over long distances. North America dominated the bag-in-box container market among regions in the year 2022.
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1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Impact Of Covid-19 On The Bag-in-box Container Market
6. Bag In Box Container Market Revenue (usd Bn), 2020-2030f
7. Market Insights By Material Type
8. Market Insights By Capacity
9. Market Insights By Application
10. Market Insights By Region
11. Bag-in-box Container Market Dynamics
12. Bag-in-box Container Market Opportunities
13. Bag-in-box Container Market Trends
14. Demand And Supply-side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Research Methodology for the Bag-In-Box Container Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global bag-in-box container market were the three major steps undertaken to create and analyze the adoption of bag-in-box containers in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global bag-in-box container market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
A detailed secondary study was conducted to obtain the historical market size of the bag-in-box container market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the bag-in-box container market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments and sub-segments for major regions. Major segments are included in the report as material type, capacity, application, and region. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the bag-in-box container market. Further, we conducted factor analysis using dependent and independent variables such as material type, capacity, application, and region of the bag-in-box container market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the bag-in-box container market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global bag-in-box container market, and market shares of the segments. All the required percentage shares split and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global bag-in-box container market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the material type, capacity, application, and region in the global bag-in-box container market.
The main objective of the Global Bag in Box Container Market Study
The current & future market trends of the global bag-in-box container market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
Q1: What is the bag-in-box container market's current market size and growth potential?
Q2: What are the driving factors for the growth of the bag-in-box container market?
Q3: Which segment has the largest share of the bag-in-box container market by material type?
Q4: What are the emerging technologies and trends in the bag-in-box container market?
Q5: Which region will dominate the bag-in-box container market?
Q6: Who are the key players operating in the bag-in-box container market?
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