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.
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Bag-in-box containers are widely used for the packaging of food & beverage products, household products, and industrial liquid products.
- There are various factors that are expected to drive the global bag-in-box containers market during the forecast period. Rising demand from the wine industry is catapulting the demand for bag-in-box containers, globally. Wine producers are inclined towards the use of bag-in-box containers for wine packaging, as they offer various advantages over glass bottles, are easy to pack and distribute, and cost-efficient too. Also, the oxygen transmission rate (OTR) of packaging is a prime factor in determining the overall quality of wine. Bag-in-box containers offer a low oxygen transmission rate over glass bottles, and thus, are widely preferred by wine producers across the globe.
- Bag-in-box containers are 30–45% more cost-effective as compared to conventional liquid packaging options such as metal and glass. Bag-in-box containers are lightweight, which, in turn, reduces overall transportation and handling costs. Also, high barrier films are used as bladders in bag-in-box containers to help food & beverage product manufacturers extend the shelf life of their products. The extended shelf life of products allows retailers to increase shelf display time and help minimizes product wastage. The aforementioned attributes are collectively expected to drive the demand for bag-in-box containers over the following five to seven years.
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- The factor that might hamper the growth of the global bag-in-box containers market is the use of alternative solutions in the market. One such packaging product is a cubitainer. A cubitainer is a cube-shaped liquid handling product made of LDPE. When empty, a cubitainer is in a collapsed flat shape, and inflates into the shape of a cube when liquid is poured into it. Cubitainers are best suited for liquids, condiments, and other similar products.
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.