The bag-in-box filler market size is projected to be valued at USD 163.1 million in 2023 and is expected to rise to USD 278.6 million by 2033. The sales of bag-in-box fillers are expected to capture a significant CAGR of 5.5% during the forecast period.
Bag-in-box fillers are specialized machines designed to efficiently fill liquids or semi-liquids into flexible bags placed inside rigid boxes for storage and transportation. This packaging system offers numerous benefits, such as extended shelf life, enhanced product protection, easy dispensing, and reduced environmental impact.
Bag-in-box fillers cater to various industries, including food and beverage, cosmetics, pharmaceuticals, and industrial fluids. In the food and beverage sector, they are commonly used for packaging juices, wines, sauces, edible oils, and liquid dairy products.
With the increasing emphasis on sustainability, bag-in-box packaging aligns well with the goal of reducing plastic waste. The use of flexible bags instead of rigid plastic bottles or containers results in reduced packaging materials and lower transportation costs, leading to a smaller carbon footprint.
Attributes | Details |
---|---|
Bag-in-Box Filler Market CAGR | 5.5% |
Bag-in-Box Filler Market Valuation (2023) | USD 163.1 million |
Bag-in-Box Filler Market Valuation (2033) | USD 278.6 million |
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The global demand for bag-in-box fillers is projected to thrive at a steady CAGR of 5.5% between 2023 and 2033, in comparison to 4.7% registered from 2018 to 2022. The rising popularity of bag-in-box packaging, growing penetration of automation, and increasing production and consumption of products like beverages, chemicals, and homecare items are driving growth in the global bag-in-box filler market.
Pasteurized products packaged in a bag-in-box format are storage stable and do not require refrigeration. The low carbon footprint and long shelf life of bag-in-box sterile packaging machines provide more sustainable packaging options for a variety of industries, including food & beverages and household items.
Rising usage across these industries may therefore continue to provide impetus to the growth of the bag-in-box filler market during the forecast period.
Similarly, various advantages of bag-in-box fillers, including high-quality and innovative design, are expected to push their sales during the next decade.
In addition, the growing penetration of smart seal technology may further aid in accelerating market growth. Smart seal technology optimizes accuracy and consistency by monitoring the time, temperature, and pressure of each seal on each liner to ensure process consistency.
Rising Adoption of Advanced Machinery to Propel Market Growth
As per FMI, innovation, and development in the machine industry, coupled with the rising adoption of advanced machinery by industries to increase productivity, are expected to create lucrative growth avenues within the global bag-in-box filler market during the forecast period.
Over the years, a rapidly changing world, technological innovation, and escalating competition have prompted industries to adopt advanced machinery, and this trend is likely to continue during the forecast period.
Industries like chemical and food & beverage are increasingly employing novel machines like bag-in-box fillers or bags filling machines to reduce costs, increase safety, and improve productivity. Adopting these automatic and semi-automatic bag-in-box fillers may boost sales during the forecast period.
Similarly, leading bag-in-box filler manufacturers are making great efforts to introduce their products to customers, especially those in emerging economies like India.
Growing Demand from the Homecare Industry to Push Sales of Bag-in-Box Fillers Over the Next Decade
The bag-in-box trend is growing significantly in the homecare sector. Both manufacturers and consumers are gradually shifting their preference toward bag-in-box packaged products. This is due to various benefits offered by bag-in-box packaging, including extended product shelf life, easy transportation, user-friendly dispensing, reduced carbon footprint, etc.
Cleaning service providers also use bag-in-boxes to serve customers on-site. Similarly, car wash companies employ bag-in-box packaging to store large quantities of liquid detergent for a longer time.
Flourishing Wine Business Across the United States Propelling Demand for Bag-in-Box Fillers
According to data released by the Wine Institute of the United States, the wine business generates about USD 114 billion in economic activity annually and employs about 800,000 Americans. In 2021, the total United States exports were about 90 million gallons worldwide, and the winery had sales of about USD 1.4 billion.
The average consumption per United States resident was about 3 gallons in 2021. In the United States, California produced an average of around 80% of total wine production. The continuously growing market of wine in the United States is predicted to expand the market share of the bag-in-box filler market as these machines are widely used to store the wine for a longer duration without harming its quality.
As per FMI, the United States bag-in-box market is estimated to be valued at USD 22.2 million in 2023 and is likely to grow at 1.6x during the forecast period, creating an incremental opportunity of around USD 13 million by 2033.
Rise in Consumption of Cooking Oil Ramping Up Bag-in-Box Filler Sales in India
According to the main survey results of the Ministry of Food and Public Distribution, the total domestic availability of cooking oil in India between 2020 and 2021 was about 11.15 million tons. About 60% of India's cooking oil is imported from Indonesia and Malaysia. The supply-demand gap in India's cooking oil market is estimated to be around 50% to 55%. India's self-sufficiency rate is about 45%, an increase of 2% over the last few years.
India produced about 31 lactones of mustard oil from 2020 to 2021. This is a towering amount of all other types of oil available on the market. People prefer mustard oil because it contains omega-3 and omega-6 fatty acids and is low in saturated fat. It also heals many skins, muscles, and heat-related illnesses.
In India, people store cooking oil for several months. Therefore, a bag-in-box is the most suitable protective product available at a low cost. India's overall market is projected to be about 6.5% of the global stock market over the forecast period.
Attractive Features of Automatic Bag-in-Box Fillers Encouraging Their Adoption
By automation, FMI predicts the automatic segment to account for the 43.3% share in the global bag-in-box filler industry. This is due to the fact that automatic bag-in-box fillers save time and labor costs. Similarly, automatic bag-in-box fillers run faster than manual and semi-automatic machines.
With the expansion of industries like beverage and chemical, demand for automatic machines that meet customer needs and protect products for a long period is expected to surge at a steady CAGR of 5.7% during the forecast period.
The Mass of the Bag-in-Box Filler Sales to Remain Concentrated in Beverage Sector
Food, beverages, chemistry, and home health care are just a few industries that use bag-in-box fillers. However, by 2033, the beverage segment is likely to have a prominent market share, accounting for 35.7% of total sales.
The growth of this segment is attributed to the rising demand for beverages and the growing adoption of beverage manufacturers to employ advanced machines like bag-in-box fillers in their facilities.
According to FMI analysis, the beverages segment of the bag-in-box market is expected to reach a USD 48 million valuation by 2033.
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The global bag-in-box filler market is extremely fragmented and competitive in nature; due to the large presence of regional and local players. In order to capitalize on and improve their market share, bag-in-box manufacturers are using a variety of marketing techniques, including mergers & acquisitions, expansions, collaborations, and partnerships.
Leading organizations also use new product creation as a strategic way to expand their market presence among customers. Some recent developments in the market are as follows:
Attribute | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD billion for Value |
Key Countries Covered | The United States, Canada, Germany, The United States, France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa |
Key Segments Covered | Automation, Filling Technology, End Use, Region |
Key Companies Profiled | A TriMas Company; Linapack; TORR Industries; Smurfit Kappa; Frain Industries; Flexifill Ltd; Machinery Automation; Xi’an Shibo fluid technology co., Ltd; Yantai Fushan Nanhua Packing Factory; Calmus Machinery; RECOPAK; SHRIJETA GLOBAL; Amcor plc; Scholle IPN; Optopack Ltd.; Aran Group; DS Smith; Liquibox; ProFruit Machinery™; SACMI Imola |
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 worldwide bag-in-box filler market is valued at USD 163.1 million in 2023.
A TriMas Company, Linapack and TORR Industries are the leading bag-in-box filler industry players.
Automatic is the key segment by automation in the bag-in-box filler market.
From 2018 to 2022, the worldwide bag-in-box filler market surged at a 4.7% CAGR.
North America is anticipated to dominate the industry during the forecast period.
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 Automation 5.1. Automatic 5.2. Semi-automatic 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Technology 6.1. Aseptic Filling 6.2. Non-aseptic Filling 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use 7.1. Food 7.2. Beverages 7.3. Chemicals 7.4. Homecare 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. A TriMas Company 18.2. Linapack 18.3. TORR Industries 18.4. Smurfit Kappa 18.5. Frain Industries 18.6. Flexifill Ltd 18.7. Machinery Automation 18.8. Xi’an Shibo fluid technology co., Ltd 18.9. Yantai Fushan Nanhua Packing Factory 18.10. Calmus Machinery 18.11. RECOPAK 18.12. SHRIJETA GLOBAL 18.13. Amcor plc 18.14. Scholle IPN 18.15. Optopack Ltd. 18.16. Aran Group 18.17. DS Smith 18.18. Liquibox 18.19. ProFruit Machinery™ 18.20. SACMI Imola 19. Assumptions & Acronyms Used 20. Research Methodology
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