Bag-in-box packaging are gradually growing in popularity for the packaging of liquid products. Over the past few years, several food and beverages processing companies have adopted bag-in-box packaging for reasons more than one. The cost-effectiveness, consumer convenience, and easier-to-transport are some of the propositions that have been stoking the popularity of bag-in-box packaging in the overall packaging market.
They are thus increasingly used in the packaging of bag-in-box for alcoholic beverages, dairy and liquid eggs, detergents, edible oils, juices, and non-edible oils. Particularly, bag-in-box packaging are gathering steam in some developed nations for packaging wines. However, the popularity is not uniform across geographies, with millennial still not convinced about the business value of bag-in-box packaging. Nonetheless, packaging manufacturers in the bag-in-box packaging market will hit new revenue streams by finding ways to increase the business proposition of the packaging around the world. To this end, they are striving to come with new designs and barrier-protection materials.
The need for higher shelf life of liquid contents is reinforcing the prospects of the bag-in-box packaging market. Packaging companies have been incorporating new aseptic filling technologies. This is helping them to meet new application areas, thereby boosting the bag-in-box packaging market. The demand proposition for bag-in-box packaging is also impacted by branding opportunities the packaging gives to businesses. Growing demands for puncture-resistant packaging has bolstered the demand for bag-in-box packaging market. Increasing inclination to preserve the integrity of the products and the packaging aesthetics are creating new potential to packaging companies
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New bag-in-box packaging concepts are gathering currency in the market. These concepts create new customer experience. New designs that meet sustainability aspect, notably recycling of the packaging material, are also gathering traction in the bag-in-box packaging market. The shift from glass to this type of packaging for alcoholic beverages is a favorable trend, albeit still to gain widespread popularity. Moreover, many companies are shunning the use of conventional plastics in their packaging, which is a favorable trend. Furthermore, beverages companies are increasingly drawn to bag-in-box packaging as the packing enables them to differentiate their products from their competitors.
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.