[FURL=https://www.industryarc.com/Research/Bag-in-Box-Container-Market-Research-503383?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Bag-in-Box Container Market[/FURL] 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.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.
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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.
Bag-in-Box Container Market Drivers
Significant Demand from the Chemicals & Petrochemicals Industry
Increasing Personal Care & Cosmetic Industries
Bag-in-Box Container Market Landscape
Bag-in-box container market top companies are Smurfit Kappa, DS Smith PLC, Liqui-Box Corp., Scholle IPN Corp, and CDF Corporation Inc.
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