Global Bag-In-Box ContainerMarket size is expected to
reach USD 4.80 billion by 2025, according to a new report by Grand View
Research, Inc. The industry is expected to witness significant rise owing to
increasing demand for the product in the household segment. Increasing demand
for the product for packaging alcoholic beverages coupled with ease of product
handling is expected to drive growth over the forecast period.
Rising consumption of the product in the household segment
owing to the launch of various innovative packaging types coupled with reduced
product prices in comparison to other available substitutes is anticipated to
propel growth. In addition, the rise in the use of biodegradable and
environmental-friendly material for manufacturing the product is likely to
propel growth.
Global players capture majority of the revenue share for the
product. The production capacities of existing players are high and the
products are sold through established distribution networks. In addition, the
use of advanced and innovative product technologies by manufacturers to gain a
competitive advantage is likely to trigger the industry growth.
Notable changes in consumer lifestyle and growing
inclination toward the use of high priced bag-in-box container for packaging
products such as wine and beer are likely to result in rising demand. In
addition, the use of high-quality products to improve product barrier
properties and declining product cost are likely to increase the market growth
over next eight years.
Full Research Report on Global Bag-in-Box Container
Market Analysis:
Further key findings from the report suggest:
- LDPE
segment is expected to account for 51.8% of the global industry revenue on
account of superior product flexibility and barrier properties, leading to
high adoption by the beverage manufacturers
- Household
segment, in terms of revenue, is likely to reach USD 1,094.8 million by
2025 owing to rise in the consumption of household cleaning products
coupled with the growth of the home-care product segment
- In
terms of revenue, Europe accounted for the highest market share in 2016 at
USD 1,069.0 million in 2016 owing to the high consumption of alcoholic
beverages and packaged beverage products
- The
bag-in-box container industry has significant number of established and
domestic players. The high production capacities of the manufacturers are
expected to benefit the industry growth by producing higher volumes of the
product coupled with the incorporation of advanced product packaging
solutions
View more reports of
this category by Grand View Research at: http://www.grandviewresearch.com/industry/specialty-glass-ceramic-and-fiber
Grand View Research
has segmented the Global Bag-In-Box Container Market on the basis of material,
application, and region:
Material Outlook (Revenue, USD Million; 2014 - 2025)
- Low
Density Polyethylene
- Ethylene
Vinyl Acetate
- Ethylene
Vinyl Alcohol
- Others
Application Outlook (Revenue, USD Million; 2014 - 2025)
- Food
& Beverage
- Alcoholic
Beverages
- Non-alcoholic
Beverages
- Other
Food
- Industrial
Liquids
- Household
Products
Regional Outlook (Revenue, USD Million; 2014 - 2025)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Asia
Pacific
- China
- India
- Japan
- Central
& South America
- Brazil
- Middle
East & Africa
View Blog On this research report by Grand View Research:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
