Transparency Market Research provides key insights on the global bag-in-box containers market, in its newly published report, for the forecast period of 2019-2027. In terms of value, the global bag-in-box market is projected to clock a CAGR of ~ 5% during 2019-2027. This is due to several factors, about which, TMR provides key insights and forecasts.
Key Factors Influencing the Bag-in-box Containers Market
Bag-in-box containers are a type of packaging containers that comprise a bladder (plastic bag), generally made up of low-density polyethylene (LDPE), ethylene vinyl acetate, etc., and are placed inside corrugated boxes. The overall bag-in-box container assembly consists of a bladder, corrugated box, fitment, tap, etc. Bag-in-box containers are widely used for the packaging of food & beverage products, household products, and industrial liquid products.
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Target Regions to Capture Bag-in-box Containers Market Growth
Europe is expected to represent prominent revenue growth during the next eight years. Also, Europe is expected to hold a prominent market share in the global bag-in-box containers market throughout the forecast period. The well-established wine industry in European countries such as France, Italy, the U.K., and Sweden is expected to be the major contributor to the high consumption of bag-in-box containers in the region. Also, the rising trend of luxury packaging in various industries such as cosmetics, personal care, food, and others is pushing the bag-in-box containers market growth in the European region.
North America is also an important consumer of bag-in-box containers, closely followed by Asia Pacific. The Asia Pacific region is expected to create high revenue growth, owing to rising industrialization, changing consumer preferences, and growing trend towards different packaging formats in bag-in-box containers packaging. India and China are the major countries to focus in the region. The surge in the demand for bag-in-box containers is expected to be fuelled primarily by increasing disposable income and per-capita spending power of upper middle-class families.
Bag-in-box Containers Market: Competition Landscape
The TMR report includes a detailed competition landscape, which includes the profiles and assessment of key players operating in the global bag-in-box containers market. Key manufacturers of bag-in-box containers profiled include Smurfit Kappa Group, DS Smith, Amcor Limited, Liqui-Box, Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Parish Manufacturing Inc., TPS Rental Systems Ltd., and Optopack Ltd. among others.