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2021
Bag-in-box Container Market

Bag-in-Box Container Market by Type (Low Density Polyethylene (LDPE), Ethylene Vinyl Alcohol, Ethylene Vinyl Acetate, and Others), and Application (Food & Beverages, Household Products, Industrial Liquids, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A13467
Pages: NA
Dec 2021 | 115 Views
   
Author(s) : Onkar Sumant
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Market Scope and Structure Analysis

A bag-in-box is a container for the storage and transportation of liquids. Bag-in-box containers are made with several metalized film layers inside a corrugated box including the bladder. These containers are mainly used for liquid and food storage and transportation. Food & beverages, household, industrial liquid products are the main items packed in these containers. Many players in the industry are focusing on technological advancements to improve the product and make it eco-friendly and cost-effective than its substitutes.

Report metric

Details

  Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast unit

  Value ($million)

  Segments covered

  By Type, By Operation, By Capacity and Region

  Regions covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies covered

Smurfit Kappa Group, DS Smith, Amcor Limited, Liqui-Box, Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Parish Manufacturing Inc., TPS Rental Systems Ltd., Optopack Ltd.

 

COVID-19 Impact Analysis

  • COVID-19 crisis is likely to affect the bag-in-box-container industry negatively, as a result of halted manufacturing and the massive reduction in demand for luxury and non-essential services globally.
  • COVID-19 crisis had a mixed impact on the packaging industry, mainly due to the closure of physical retail stores globally. However, the availability of online retailing has absorbed the high impact of this shutdown.
  • The requirement of e-commerce specific packaging is likely to remain strong, although the e-commerce companies would have to focus on the protection of goods and sanitization of packages.
  • In addition, the food packaging industry is on the frontline within the global packaging market, owing to the demand for essential products such as groceries and fresh food mainly from local e-retail sites.
  • Industrial, transportation, and bulk packaging has faced a sharp decline, owing to decreased demand for non-essential goods during 2020.
  • The packaging industry is projected to face significant pressure of reduction in both wholesale as well as retail costs owing to the lowered disposable income of the maximum population and weak demand for packaging from industrial goods.
  • Consumers are likely to stay hesitant for consumption of luxury products, travel, and hospitality services, which is expected to hinder the packaging industry growth in the future after the COVID-19 crisis.

Top Impacting Factors

Increase in demand for bag-in-box containers in the alcohol industry for easy and cost-efficient packaging solutions drives the market growth. Similarly, high demand in industrial fluids for metal deformation, cleaning & surface preparations boost the growth of the bag-in-box containers industry. In addition, low-cost substitutes like plastic, glass bottles, and cubitiere containers can impact the growth of the product. Moreover, increase in demand in e-commerce, dairy products, and household products is expected to be opportunistic for the bag-in-box container market.

Market Trends

  • New products that contain improved capabilities have been launched by the leading market players. For instance, Smurfit Kappa launched its new automatic filling machine in February 2019, the machine can fill three 45 ltr bad in box container per minute. This launch will increase the demand for industrial profitability. 
  • Similarly, competitors in the bag-in-box container industry adopted acquisition as their key developmental strategy to expand their geographical foothold and upgrade their product technologies. For instance, Liqui-Box Corp. acquired DS Smith’s plastic division, a leading provider of corrugated and bag-in-box container packaging in March 2019. This move by the company is expected to expand its global presence, service, and design capabilities with advanced technologies in packaging

Key Segments Covered

By Type

  • Low Density Polyethylene (LDPE)
  • Ethylene Vinyl Alcohol
  • Ethylene Vinyl Acetate
  • Others

By Application

  • Food & Beverages
  • Household Products
  • Industrial Liquid
  • Others

Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Benefits of the Report

  • This study presents the analytical depiction of the bag-in-box container along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the bag-in-box container share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the bag-in-box container market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed bag-in-box container market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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