The size of the bag-in-box container market size was estimated at USD 12.95 billion in 2022 and is expected to increase at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030, when it is expected to reach USD 21.91 billion.
This market niche has experienced rapid expansion and is predicted to keep growing in the years to come. Bag-in-box containers are becoming more and more popular since they are affordable, practical, and long-lasting. Numerous industries, such as food and beverage, pharmaceutical, and home goods, use these containers extensively.
The market for bag-in-box containers has been significantly fueled by the rising demand for packaged drinks like wine, juices, and spirits. Longer shelf life, simple dispensing, and less packaging waste are just a few benefits of these containers. Additionally, the growing
Geographically, North America and Europe have dominated the bag-in-box container market, owing to the high consumption of packaged beverages and the presence of key market players in these regions. However, the Asia-Pacific region is expected to witness substantial growth during the forecast period, driven by the increasing urbanization, changing consumer lifestyles, and growing disposable income.
Key market players are focusing on product innovation and strategic partnerships to gain a competitive edge in the bag-in-box container market. They are investing in research and development activities to introduce advanced and sustainable packaging solutions. Furthermore, mergers and acquisitions are also prevalent in the market, as companies aim to expand their product portfolios and strengthen their market presence.
Get A Sample Report@https://www.snsinsider.com/sample-request/3073
KEY MARKET SEGMENTATION
By Material
· Plastic
· Paper
· Bioplastic
· Metal
· Others
By Product Type
· Aseptic
· Retort
· Hot-Filled
· Standard
By Closure Type
· Spout
· Top Notch
· Zipper
By Form
· Round Bottom
· K-Style
· Flat Bottom
· Roll Stock
· Others
By Application
· Pet Food
· Food Beverages
· Homecare
· Healthcare
· Others
Key Players
Some major key playersin the Bag-in-Box market are Mondi, Huhtamaki Group, ProAmpac, Amcor plc, Hood Packaging Corporation, Sonoco Products Company, Smurfit Kappa, Clondalkin Group, Sealed Air, Winpak Ltd and other players.
Buy This Exclusive Report @https://www.snsinsider.com/checkout/3073
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our companys aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety.
Contact Us:
Akash Anand Head of Business Development Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Website:https://www.snsinsider.com