26-Feb-2020 | Zion Market Research
Zion Market Research has published a new report titled “Global Bag-in-Box Market – By Material State (Semi-Liquid and Liquid), By Capacity (<1 Liter, 3–5 Liters, 5–10 Liters, 10–20 Liters, >20 Liters), By Component (Bags, Boxes, and Fitments), By Tap (With Tap and Without Tap), By End-Use Sector (Food, Beverage, Industrial, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” According to the report, global demand for the Bag-in-Box market was valued over USD 1.7 Billion in 2019 and is expected to reach a CAGR of 3.10% between 2019 and 2025.
Browse the full “Global Bag-in-Box Market – By Material State (Semi-Liquid and Liquid), By Capacity (<1 Liter, 3–5 Liters, 5–10 Liters, 10–20 Liters, >20 Liters), By Component (Bags, Boxes, and Fitments), By Tap (With Tap and Without Tap), By End-Use Sector (Food, Beverage, Industrial, and Others), and By Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2025.” Report at https://www.zionmarketresearch.com/report/bag-in-box-market
The 5–10 Liters category is estimated to hold the majority of the market share of the Bag-in-Box market during the forecast period
The 5–10 Liters category is predicted to grow at a significant rate during the forecast period. The use of 5–10-liter Bag-in-Boxes is basically found in the dispensing systems used by beverage producers, foodservice operators, and quick-serve restaurants. This factor is projected to help propel the growth of the Bag-in-Box market. Furthermore, the rising demand for utilization of these bags for packaging juices and wines for consumer use is also estimated to boost the market expansion. The mounting demand for larger packaging among the food& beverages lovers is one of the primary factors bolstering the growth of this market.
Beverage category of the Bag-in-Box market is projected to grow at the fastest CAGR during the forecast period
The beverage category is expected to be the highest-growing sector in the Bag-in-Box market during the forecast period owing to the rising consumption rate of alcoholic beverages. Additionally, the demand for longer shelf life of products and the demand for effortlessness handling and transportation will further supplement the expansion of the Bag-in-Box market.
European region is projected to hold the largest share in the global Bag-in-Box market during the forecast period
Europe is expected to dominate the global Bag-in-Box market owing to the well-establishment of it in the region. In addition, the advancing global economy, surging working population, high demand for food products and alcoholic drinks is anticipated to boost the growth of the global Bag-in-Box market. Moreover, the stringent regulations for the usage of plastic and high sustainability criterions, with the primary focusing being reducing packaging waste is expected to drive the growth of the market in Europe.
Key Market Players
Some of the key players of the global Bag-in-Box market include Smurfit Kappa and DS Smith PLC.
The report categorizes the global Bag-in-Box market into:
Global Bag-in-Box Market: By Component Segmentation Analysis
Global Bag-in-Box Market: By Capacity Segmentation Analysis
Global Bag-in-Box Market: By Material State Segmentation Analysis
Global Bag-in-Box Market: By Tab Segmentation Analysis
Global Bag-in-Box Market: By End-Use Sector Segmentation Analysis
Global Bag-in-Box Market: By Regional Segmentation Analysis
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