BAG-IN-BOX CONTAINER MARKET ANALYSIS (2019-2027)

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2. BAG-IN-BOX CONTAINER MARKET ANALYSIS • Bag-in-Box Container Market, by Material Type (Low-Density Polyethylene, Ethylene Vinyl Acetate, Ethylene Vinyl Alcohol, Others), By End-use (Food & Beverages Products (Alcoholic Beverages, Non-alcoholic Beverages, Liquid Food), Household Products, Industrial Liquid Products), By Order type (Customized Order, Standard Order), and by Region (North America, South America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

3. Bag-in-Box Container Market 2017–2027 Bag-in-box is a type of container that is widely used for the transportation of liquid products. It has a bladder or a plastic bag that is made up of low-density polyethylene (LDPE) which is seated inside the fiberboards. Low-density polyethylene, ethylene vinyl acetate and ethylene vinyl alcohol are some of the major material types used to produce Bag-in-box. This container finds applications across liquid foods, food & beverage, household products, and alcoholic & non-alcoholic beverages. Bag-in-box is highly reliable as it reduces the packaging waste, chemical resistance, and barrier to oxygen and moisture. The global bag-in-box container market is projected to surpass US$ 4.0 billion by the end of 2027, in terms of revenue, growing at CAGR of 4.6% during the forecast period (2019 to 2027).

4. Drivers Growing demand for low-foam detergent as they are packaged in a bag-in-box container is augmenting the market growth over the forecast timeframe. Moreover, increasing consumption of household cleaners such as surface deodorizers and surface cleaners are also expected to foster the market growth of the bag-in-box container. Growing demand for hygiene and personal care products around the globe is further anticipated to accelerate the market growth of the bag-in-box container over the forecast period. Expanding food and beverage industry around the globe is expected to augment the market growth of Bag-in-box over the forecast period. According to the India Brand Equity Foundation, the Indian food and grocery market is the world’s sixth-largest, with retail contributing 70% of the sales. The Indian food processing industry accounts for 32% of the country’s total food market. It contributes around 8.80% and 8.39% of Gross Value Added (GVA) in Manufacturing and Agriculture respectively, 13% of India’s exports and 6% of total industrial investment. Regionally, Europe dominated the global bag-in-box container market in 2018, reporting 40% market share in terms of revenue, followed by Asia-pacific and North America and, respectively.

5. Figure 1. Global Bag-in-Box Container Market, Revenue Share (%), By Region, 2018

6. Market Restraints The high cost of bag-in-box packaging solutions compared to conventional packaging options is anticipated to restrict the adoption of bag-in-box, in turn, expected to hinder the market growth over the forecast period. This factor is expected to inhibit the adoption of bag-in-box across various industrial applications and this factor is expected to restrict the market growth. The growing usage of plastic bottles in the packaging of soft drinks due to cost-effectiveness is projected to restrain the market growth of bag-in-box over the forecast period. Moreover, fluctuation in the supply of raw materials that are used to produce bag-in-box containers is further expected to propel the market growth over the forecast period.

7. Market Opportunities The increasing advent of drink-in-box containers is expected to foster the market growth of bag-in-box containers in the near future. Drink-in-box containers are based on the bag-in-box principle. Drink-in-box is more cost-effective than conventional bag-in-box containers. Hence, the increasing launch of drink-in-box containers around the globe is projected to augment the market growth of bag-in-box containers. Rapid penetration of global supermarket chains and quick-service restaurants (QSR) across Southeast Asia are projected to foster the market growth of bag-in-box containers over the forecast period. Moreover, high per capita food expenditure is further anticipated to propel the demand for hygienic food and lightweight packaging solutions. Hence, the advent of supermarkets and QSR is anticipated to augment the market growth of bag-in-box containers. 

8. Figure 2. Global Bag-in-Box Container Market – Opportunity Analysis

9. Market Trends The rising focus of manufacturers to adopt a smart strategy such as partnership and collaboration is expected to augment the market growth of bag-in-box containers over the forecast period. For instance, in December 2019, Dobra Berba has partnership Rapak, for developing the environmentally friendly packaging solution that extends the shelf life of mulled wine which is three-liter and ten-liter flexible wine bags to be used in the bag-in-box packaging and mulled wine heaters. Increasing focus of manufacturer on inspection and certifications in order to ensure optimal quality of the product is expected to accelerate the market growth of bag-in-box containers. For instance, in February 2016, CDF Corporation passed UN-certification and inspection tests for 20-liter bag-in-box containers, especially for the transportation of hazardous fluids under UN-class 2 and UN-class 3 packaging. The company passed the stacking test and vibration tests.

10. Figure 3. Global Bag-in-Box Container Market, Revenue Share (%), By Material Type, in 2018 On the basis of material type, in 2018, low density polyethylene accounted the largest market share of 49% in terms of revenue, followed by ethylene vinyl alcohol and others, respectively.

11. Competitive Section • Key players active in the global bag-in-box container market are 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 OptopackLtd • Few Recent Developments • DS Smith • In October 2015, DS Smith launched packaging dispensers for bag-in-box containers, especially for wine packaging, under brand name Mustang. Mustang packaging dispensers offer the lowest oxygen transfer rate (OTR).

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