Bag-in-box Containers Market 2021 Growth Analysis, Increasing Demand and Strategic Outlook – 2030
Global Bag-in-box Containers Market Size, Status And Forecast 2021-2030
MarketInsightsReports, one of the world’s prominent market research firms has released a new report on Bag-in-box Containers Market. The report contains crucial insights on the market which will support the clients to make the right business decisions.
The global bag-in-box containers market is expected to grow from $3.37 billion in 2020 to $3.59 billion in 2021 at a compound annual growth rate (CAGR) of 6.4%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $4.56 billion in 2025 at a CAGR of 6.2%.
(Special Offer: Available Flat 25% Discount for a limited time only):
Get a Free Sample Copy of the Report Before Purchase:
The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.
Top Companies in the Global Bag-in-box Containers Market: Smurfit Kappa Group, DS Smith, Liqui Box Corporation, CDF Corporation, Optopack Ltd, Scholle IPN, Amcor Ltd., Arlington Packaging, Parish Manufacturing Inc, and TPS Rental Systems Ltd.
The increasing demand for plastic bottles in the soft drink industry is expected to hamper the growth of the bag-in-box containers market in the coming years. Plastics tend to do more with less in many aspects, and when it comes to packaging, plastics frequently allow producers to deliver more goods with less packaging content. The highly flexible, lightweight containers built of plastic or plastic-and-foil composites can use up to 80% fewer materials than conventional bag-in-box containers. For instance, around 3 million tonnes of plastic bottles (close to 200,000 bottles per minute) are manufactured annually by the drinks giant Coca-Cola. Therefore, the increasing demand for plastic bottles in the soft drink industry restrains the growth of the bag-in-box containers market.
In February 2020, Liqui Box Corp, a US-based packaging company acquired DS Smith for an undisclosed amount. The acquisition of DS Smith’s flexible packaging businesses provides a strong platform to further expand Liquibox’s leading value proposition into emerging growth markets, such as coffee, tea, water, and aseptic packaging. DS Smith, a UK-based provider of corrugated packaging for consumer and industrial goods.
The increasing demand for bag-in-box containers is expected to fuel the growth of the bag-in-box containers market in the coming years. A bag-in-box is a kind of container for the distribution and preservation of liquids and is a viable option for packaging of juice, liquid eggs, dairy, wine, and even non-food products such as motor oil and chemicals. According to findings by packaging pioneer Smurfit Kappa in conjunction with Wine Intelligence in 2020, Bag-in-Box wine has drawn 3.7 million new buyers in France and the United Kingdom over the last six months. In 2020 the Bag-in-Box wine consumer sector has risen to around 12 million buyers in France and 4 million buyers in the UK. Therefore, the increasing demand for bag-in-box containers is expected to drive the growth of the bag-in-box containers market during the forecast period.
The growing technological advancements are a major trend gaining popularity in the bag-in-box containers market. Major companies operating in the bag-in-box containers sector are focusing on developing technology advanced solutions for bag-in-box containers. For instance, in January 2019 Smurfit Kappa Group, an Ireland-based packaging company introduced a new high-speed, triple-head automatic filling system. The new machine can fill close to 45 3L Bag-in-Box containers for every minute on its three state filling valves.
Avail Discount at:
Influence of the Bag-in-box Containers market report:
-Comprehensive assessment of all opportunities and risk in the Bag-in-box Containers market.
-Bag-in-box Containers market recent innovations and major events.
-Detailed study of business strategies for growth of the Bag-in-box Containers market-leading players.
-Conclusive study about the growth plot of Bag-in-box Containers market for forthcoming years.
-In-depth understanding of Bag-in-box Containers market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Bag-in-box Containers market.
Browse the report description and TOC: https://www.marketinsightsreports.com/reports/03242748164/bag-in-box-containers-global-market-report-2021-covid-19-growth-and-change-including-1-by-material-type-low-density-polyethylene-ethylene-vinyl-acetate-ethylene-vinyl-alcohol-others-nylon-poly-butylene-terephthalate-2-by-capacity-less-than-5-litres-5-10-litres-10-15-litres-15-20-litres-more-than-20-litres-3-by-application-food-beverages-industrial-liquids-household-products-others-covering-smurfit-kappa-group-d-s-smith-liqui-box-corporation-cdf-corporation-optopack-ltd?mode=xix
What are the market factors that are explained in the report?
-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
-Key Market Features: The report evaluates key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
-Analytical Tools: The Global Bag-in-box Containers Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
IrfanTamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687