Global Bag-in-box Packaging Market 2019-2023

The global bag-in-box packaging market size will grow by over USD 623.6 million by 2023. This industry research report provides a detailed analysis of the market by application (beverages, industrial liquids, and household liquids), and geography (the Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several bag-in-box packaging manufacturers including Amcor, DS Smith, Liqui-Box, Scholle IPN, and Smurfit Kappa.

Global bag-in-box packaging industry outlook

The global packaged beverages consumption was estimated at about 1,120 billion liters in 2017 and is expected to grow at a rate of around 2.8% annually during the forecast period. In the time period 2017-2022, the APAC region recorded the highest average annual growth rate of packaged beverage consumption followed by the Middle East and Africa, Europe, South America, and North America. In 2017, carbonated soft drinks, and packed water had the highest consumption rate among all packaged beverages. However, the consumption of carbonated soft drinks is expected to decrease, and the consumption of packaged water and fruit juices will increase due to growing health consciousness among people worldwide. About 170 billion liters of packaged milk and dairy-based beverages were consumed around the world. This shows that the consumption of packaged milk and dairy-based beverages is also increasing.

Bag-in-box packaging is more hygienic than other commonly used types of packaging such as spout pouches. This type of packaging also provides convenient dispensing. Thus, the growing global packaged beverage consumption will boost the demand for bag-in-box packaging. Technavio’s market research experts predict that the global bag-in-box packaging market will register a CAGR of over 5% during the forecast period.

Top bag-in-box packaging companies covered in this report

The global bag-in-box packaging market is moderately concentrated with the presence of some established companies competing for the market share. The market is in the growth phase and the intensity of competition will remain the same throughout the forecast period. To help clients improve their revenue shares in this market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this bag-in-box packaging market analysis report suggests strategies companies can follow and recommends key areas they should focus on, in order to make the most of upcoming growth opportunities.

The report offers a detailed analysis of several leading companies, including:

• Amcor
• DS Smith
• Liqui-Box
• Scholle IPN
• Smurfit Kappa

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Bag-in-box packaging market segmentation based on application

• Beverages
• Industrial liquids
• Household liquids

The beverages segment accounted for the largest bag-in-box packaging market share in 2018. This segment will continue to increase its market share and remain the market leader throughout the next five years.

Bag-in-box packaging market segmentation based on geographic region

• Americas
• APAC
• EMEA

The global bag-in-box packaging market was dominated by the APAC region with a market share of over 41% in 2018. This region will be the highest revenue generator and continue to dominate the market for the next five years.

Key highlights of the global bag-in-box packaging market for the forecast years 2019-2023:

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will accelerate the growth of the bag-in-box packaging market during the next five years
• Precise estimation of the global bag-in-box packaging market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the bag-in-box packaging industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of bag-in-box packaging companies