The global bag-in-box barrier market is expected to secure USD 333.48 million in 2023, surging to USD 548.40 million by 2033. From 2023 to 2033, the market is likely to display a CAGR of 5.1%, against 4.3% from 2018 to 2022. The growth of the market can be attributed to the increasing demand in industry segments such as household cleaners, beverages, and milk and dairy products.
Manufacturers are adopting innovative new ideas to meet the rising consumer needs. For instance, Elite Packaging, a United Kingdom-based company, has developed a gusseted bag that is sealed in every corner. This design provides the product with more stability and efficiency. Further, it reduces the space required for the bag-in-box container, making it more compact for application.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 5.1% |
| Market Valuation (2023) | USD 333.48 million |
| Market Valuation (2033) | USD 548.40 million |
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Development of the Food and Beverage Sector to Benefit the Market
The rising demand for bag-in-box barrier films for household products is expected to strengthen the market over the forecast period. The rising consumption of household cleaners like surface deodorizers and surface cleaners is anticipated to boost the demand for bag-in-box barrier films during the forecast period. The rising urban population in developing countries has increased the demand for hygiene-promoting products such as household cleaners.
Further, bag-in-box barrier films have been experiencing a soaring demand from the beverages industry. The rising beverage production is expected to increase steadily with the manufacturers adopting advanced packaging solutions such as bag-in-box containers as alternative packaging. The market for the bag-in-box container of alcoholic beverages is projected to rise due to the rising alcoholic beverage consumption. Growth in the consumption of alcoholic beverages in developed economies is expected to drive growth in the market in the forthcoming time.
Increasing collaborations and partnerships among players are projected to strengthen the market in the coming time. For instance, in March 2019, Liquid-Box Corp inked an acquisition agreement with DS Smith Plc. The deal is expected to boost the company’s distribution and manufacturing capabilities.
The demand for bag-in-box barrier films is expected to be hindered by the expansion of the substitute products such as plastic and glass bottles. The availability of plastic bottles at lower prices is anticipated to limit growth. The soft drink industry's growing demand for plastic bottles is expected to hamper the market's growth over the forecast period.
Bag-in-box barrier films witness a high threat of substitution from other packaging products and packaging materials. The most popular among them are pouches. Pouches are among the most widely used products for the packaging of beverages. They are preferred for their convenience of use and portability. In addition, pouches are available in various formats, from as small as 50 ml to larger or multi-serving formats and sizes. Such factors have made pouches popular for on-the-go usage. From a marketing standpoint, pouches encourage sampling in the form of trial or on-the-go sizes.
However, increasing demand for innovative packaging designs for food and beverage products to catch consumer attention is anticipated to counter hampering factors and act as a lucrative opportunity in the forecast period.
Principal Consultant
Increasing Demand for the Product from the Food and Beverage Sector to Impact the Market Positively
According to the analysis, the market in Europe is projected to be the largest one. 2023 the region is expected to secure 19% of the global market revenue.
The market's growth can be attributed to the increasing demand for products in the food and beverage industry. Changing consumption patterns of consumers and increasing urbanization, along with the rising popularity of such packaging, are expected to increase market growth over the forecast period.
Increasing investments in Research and Development by the packaging manufacturers to smoothen the integration of novel features such as size, shape, and attributes are projected to boost the demand for the bag-in-box barrier in this region over the forecast period.
Expansion of the Alcoholic Beverage Sector to Augment the Market
The analysis shows North America is anticipated to be the second-larger market during the forecast period. In 2023, the region is likely to garner 16% of the global revenue.
The expansion of the regional market can be attributed to the rapidly growing alcoholic beverage sector. The United States is anticipated to dominate the regional market during the forecast period. The United States is experiencing a high wine demand, with over 10,000 wineries nationwide.
California held the highest share, more than 85%, followed by Washington, Oregon, New York, Texas, and Virginia. As per the National Epidemiologic Survey on Alcohol and Related Conditions, around 24 million American adults consume an average of more than 74 drinks per week.
Players in the market are taking various initiatives to strengthen their position, which is expected to benefit the industry directly or indirectly. For instance, in 2021, Anheuser-Busch InBev announced the acquisition Of USA-based company Craft Brew Alliance. The initiative aims to strengthen its distribution network nationwide, which is expected to boost the demand for the product in the forecast period.
Expansion of the Food and Beverage Sector in the Asia Pacific to Benefit the Market
Asia Pacific is projected to be the fastest-growing market during the forecast period. It can be attributed to the increasing disposable income and expanding the food and beverage sector.
The presence of various developing countries like India, China, and Japan is anticipated to play an important role in strengthening the market in the Asia Pacific. Also, the region is home to various startups, which is estimated to augment the market in the forecast period. For instance, Packman, an Indian startup, is an internationally renowned packaging company with various commercial packaging solutions. Such factors are expected to benefit the market in Asia Pacific.
Working Class and Young Generation to be the Largest Consumer of Wines
As per a study by the European Association of Wine Economists and the Chaire Vins et Spiritueux de INSEEC U., in May 2020, the frequency of the consumption of wine has surged significantly during the lockdown resulting from the coronavirus outbreak.
The young and working-class people include wine in their diet, house parties, and occasional drinks. These consumer trends are expected to fuel the segment's growth over the forecast period.
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NWB Bevel (Finland), Cirqle (Denmark), Green Gen Technologies (France), Eco Six Pack Ring (Mexico), HaTa Bevtech (India), and DRINKinBox, among others.
Players in the market are taking various initiatives that are likely to strengthen the position of startups.
For instance, DRINKinBox’s bag-in-box features a new delivery system that empties all liquid from the bag and positions the valve at the top of the box so that dispensing liquid into a glass or other container is easy. It is said to be the first bag-in-box for carbonated beverages; DRINKinBOX Co2 uses a special box with a new bag for the liquid. Beer, sparkling wine, soft drinks, and other carbonated beverages are filled directly after production into the bag-in-box container.
The global market has various players focusing on technology development regarding design and packaging solutions. Increasing demand for innovative packaging designs for food and beverage products to catch consumer attention is projected to positively impact industry growth over the forecast period.
Key players in the global bag-in-box barrier films market include Mondi Group Plc., Berry Global, Inc., Scholle IPN, DS Smith Plc, Amcor Limited, and Liqui-Box.
Recent Key Developments in the Market Include:
| Attributes | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD billion for Value |
| Key Countries Covered | United States, United Kingdom, Japan, India, China, Australia, Germany |
| Key Segments Covered | Material Type, Application, Region |
| Key Companies Profiled | Mondi Group Plc.; Berry Global Inc.; Scholle IPN; DS Smith Plc; Amcor Limited; Liqui-Box |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is estimated to be valued at USD 333.48 million in 2023.
Manufacturers are adopting innovative ideas to meet the high consumer needs.
The market is forecast to register a CAGR of 5.1% through 2033.
The market is estimated to reach USD 548.40 million by 2032.
The market held a CAGR of 4.3% between 2018 and 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Wines 5.2. Fruit juice concentrates 5.3. Oil 5.4. Liquid Egg 5.5. Milk 5.6. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. EVOH Bag 6.2. PE Bag 6.3. PP Bag 6.4. PC Bag 6.5. PU Bag 6.6. TPU Bag 6.7. EVA Bag 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Mondi Group Plc. 17.2. Berry Global Inc. 17.3. Scholle IPN 17.4. DS Smith Plc 17.5. Amcor Limited 17.6. Liqui-Box 17.7. General Mills, Inc. 17.8. Mama Ka'z 17.9. King Arthur Baking Company, Inc. 17.10. The Essential Baking Company 17.11. Simple Mills 18. Assumptions & Acronyms Used 19. Research Methodology
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Bag in Box Barrier Film Market
