Bag-in-Box Container Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global bag-in-box container market size is projected to
reach USD 4.78 billion by 2025 expanding at a CAGR of 6.3%, according to a new
report by Grand View Research, Inc. Increasing consumption of alcoholic
beverages has emerged as a key factor fueling the demand for bag-in-box
containers in the food & beverage industry. Rising demand from the
household products application, particularly for the packaging of surface
cleaners and surface deodorizers, will also propel the market growth in the
coming years. Growing urban population across the globe has further contributed
to the industry growth owing to increased demand for hygiene and personal care
products.
Packaging of
low-foam detergents in bag-in-box containers coupled with rising demand for
these detergents is also likely to have a positive impact on the market growth.
Europe has witnessed a considerable demand for the product in the recent years.
This growth was attributed to the increased consumption of cooking oils and
sauces and the well-established food sector in the region. In addition, rising
preference for organic and healthy food will also help boost market expansion.
The region has also been witnessing high demand for convenient and flexible
packaging solutions. This development has been encouraging major food brands
operating in the flexible packaging to increase their scale of operation in
Europe.
Further key
findings from the study suggest:
- Low-Density
Polyethylene (LDPE) held the largest market share in 2018 and is expected
to be the second fastest-growing material segment over the forecast period
- The food &
beverages application segment accounted for the largest share in 2018
owing to an increased consumption of alcoholic beverages across the globe
- Household
products segment is anticipated to witness the fastest CAGR over the
forecast period on account of rising product application scope in the
packaging of cleaning products
- APAC is
expected to be the fastest-growing regional market over the forecast
period due to increasing exports by counties like Japan, China, and India
- China, in
particular, is anticipated to register the highest CAGR of 8.2% from 2019
to 2025 as a result of rising income levels and intense regional
competition
- Prominent
companies in the global bag-in-box market include Amcor Ltd.; DS Smith;
Liqui Box Corp.; Parish Manufacturing, Inc.; Scholle IPN; CDF Corp.; and
Smurfit Kappa Group
Access
full research report on global bag-in-box container market:
www.grandviewresearch.com/industry-analysis/bag-in-box-containers-market
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Created on Dec 31st 2019 03:09. Viewed 488 times.