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Bag-In-Box Container Market Size
Bag-In-Box Container Market size will witness significant growth between 2024 and 2032, majorly driven by range of benefits to end-users, retailers, and manufacturers. The reduced carbon footprint, extended product shelf life, user-friendly dispensing, as well as transportation and storage savings as compared to other packaging alternatives are contributing to the increasing demand for bag-in-box containers. The development of heavy-duty packaging is leading to the adoption of greener options. Additionally, the growing focus of businesses switching from plastic or stainless-steel intermediate bulk containers (IBC) is driving the popularity of significantly more environmentally friendly corrugated solutions.
Bag-in-box containers, often made from recyclable materials, offer an environmentally conscious alternative to traditional packaging. The trend towards sustainability, combined with the convenience and cost-effectiveness of bag-in-box packaging is driving their increasing adoption across various industries. For instance, in August 2023, Quiquiriqui, a mezcal brand, introduced a bag-in-box style for on-trade as its newest sustainable solution to glass waste. Such innovations are likely to augment the industry outlook. However, the limited awareness among consumers, challenges in recycling infrastructure, and resistance from traditional packaging manufacturers to adopt new technologies may restrain the product uptake to some extent.
Bag-In-Box Container Market Trends
The burgeoning wine sector is surging the demand for bag-in-box containers among producers and consumers alike. Winemakers are benefiting from reduced packaging costs, longer shelf life, and easier transportation for reaching broader markets, thereby providing potential growth opportunities. For instance, in February 2024, Smurfit Kappa Bag-in-Box introduced a new SmartLife service to extend the shelf life of boxed wines, comprising a mix of top-tier filling-performance diagnostics and practical learning to find areas for improvement across the supply chain. Moreover, the environmentally friendly nature of bag-in-box containers is also resonating with the sustainable practices increasingly embraced by the wine industry.
Bag-In-Box Container Market Analysis
With respect to type, the industry size from the low-density polyethylene (LDPE) segment is estimated to contribute an appreciable share by 2032 attributed to the high preference for consumer packaging in applications that do not require strength. Some of these include bags for fresh produce, bread, dry cleaning agents, frozen food, newspapers, and others. In addition, LDPE products are easy to stretch, flexible, glossy, clear, and have good moisture barrier properties and tear resistance.
Based on application, the bag-in-box container market from the food & beverage segment will witness high demand between 2024 and 2032 due to the increasing availability of a range of products suitable for the packaging of numerous types of liquid foods. Typically, bags used in food and beverage packaging are equipped with efficient and quality accessories as well as comfortable pouring systems for ensuring uncompromising cleanliness and sealing. Additionally, the escalating focus on maintenance of shelf life as per customer requirements, prevention of content leakage, and excellent protection for packaged products will contribute to the product adoption.
Considering the regional perspective, the Asia Pacific market is estimated to depict substantial growth by 2032 driven by an increase in innovations and the usage of the latest techniques by manufacturers for the provision of 3D printed prototypes. Furthermore, numerous regional players are taking steps towards the expansion of their footprint in APAC through the installation of additional lines, adding to the industry growth.
Bag-In-Box Container Market Share
Several market participants are focusing on the implementation of expansion initiatives, such as mergers, acquisitions, novel product developments, and partnerships to secure a competitive edge in the market. To illustrate, Amcor has been offering innovative packaging solutions for liquids, such as wine, juice, and dairy products with expertise to ensure quality, sustainability, and convenience for catering to the evolving end-user demands.
Some of the top firms engaged in the bag-in-box container industry are –
- CDF Corporation
- Parish Manufacturing Inc. (DS Smith)
- Optopack Ltd.
- DS Smith
- TPS Rental Systems Ltd.
- Amcor
- Smurfit Kappa Group
- SEE (Liqui-Box)
Bag-In-Box Container Industry News
- In May 2023, Liquibox, a global pioneer in flexible packaging and dispensing, created an innovative flexible bag for liquids with exceptional barrier qualities that do not require nylon or metPET for making them recyclable.