The global bag-in-box container market size was US$ 3.55 billion in 2021. The global bag-in-box container market size is forecast to reach US$ 6.36 billion by 2030, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period from 2022 to 2030.
A bag-in-box is a container for storing and transporting liquids. Bag-in-box containers include a metalized film layer, as well as a corrugated box, and a bladder. In addition, their primary function is food and liquid storage and transportation. The main items packed in these containers are food & beverages, household, industrial liquid products. Form seal fill (FSF) technology can use to make BiB packaging, in which the bags are created online from reels of film, the FlexTap gets inserted, and the bags fill on an inbuilt rotary head filler.
Factors Influencing Market Growth
Impact Analysis of COVID-19
The COVID-19 pandemic had a minimal impact on the global bag-in-box containers industry growth. As a result of the global drop in demand for luxury and non-essential services, manufacturing has been suspended owing to the widespread shutdown of physical retail outlets. However, due to the availability of online retailing, the market faced a positive impact. The demand for e-commerce-specific packaging, on the other hand, is likely to continue high, albeit e-commerce companies focus on the protection of goods and the sanitization of packages. Furthermore, the food packaging business is at the forefront of the global market, owing to increased demand for critical products like groceries and fresh food, mostly from local e-commerce sites.
Regional Insights
The Asia Pacific region is forecast to lead the bag-in-box container market during the forecast period. The food sector is a huge industry in the Asia Pacific region, and it's a crucial part of the region's economic development prospects. As the region's population and disposable income develop, the food and beverage industry will expand significantly in the future years, contributing to the market's growth in the region.
Europe is forecast to have lucrative growth in the market throughout the forecast period. The rise of the beverage sector in the region is due to the rising population and per capita income as well as changing lifestyles. Thus, the rising end-user industry in the region is forecast to offer lucrative market growth in the region.
Leading Competitors
The leading prominent companies profiled in the global bag-in-box container market are:
Scope of the Report
The global bag-in-box container market segmentation focuses on Capacity, Component, Material State, End-Use, and Region.
Segmentation based on Capacity
Segmentation based on Component
Segmentation based on Material State
Segmentation based on End-Use
Segmentation based on Region