Bag-in-Box Containers Market revenue projected to go up by 2015-2021
Bag-in-Box (BIB) containers are mainly used to extend the mean life of any liquid or semi-liquid food products. It is also used as a convenient packaging solution for industrial products. The outer box is made from corrugated cardboard or solid board that provides exceptional protection during transit. Bag-in-box containers have a very low carbon contents as compared to other types of packaging, specifically used for liquids. It is lightweight and allows space optimization for the purpose transport and storage.
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Increasing demand for customized containers specifically from food and beverages industry, rising variety of containers introduced by the manufacturers, and household products industry are some of the factors that are expected to boost the global bag-in-box containers market in the near future. In addition, manufacturers use high-quality printed packs that make use of color and graphics in order to attract consumer’s attention leading to increased sales. Since these type of containers offer better protection to the products as compared to others, they are widely used as an alternative to plastic packaging containers by many manufacturers.
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On the basis of end-use, the global bag-in-box containers market is segmented as food & beverages, industrial liquid products, and household products. The food & beverages segment is further classified as alcoholic beverages, non-alcoholic beverages such as juice and smoothies, and liquid food such as cooking oil, milk & other, and dairy products. Based on the material type, the global market is segmented as low-density polyethylene (LDPE), ethylene vinyl acetate (EVA), ethylene vinyl alcohol (EVOH), others. The others segment is further classified as nylon and polybutylene terephthalate. Further, based on the order type, the global bag-in-box containers market is segmented as standard order and customized order.
Asia Pacific is anticipated to witness the fastest growth in the global bag-in-box containers market owing to the strong presence of manufacturers. In addition, countries such as China and India have been witnessing a considerable growth in the food and beverages industry, which in turn will boost the innovative packaging demand. This growing demand will foster the Asia Pacific bag-in-box containers market.
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Some of the major companies dominating the global bag-in-box containers market are Amcor Limited, Smurfit Kappa Group, Parish Manufacturing Inc., Scholle IPN, and Vine Valley Ventures LLC. Other key players influencing the global market are TPS Rental Systems Ltd., CDF Corporation, DS Smith, Liqui-Box, and Optopack Ltd.
Global Bag-in-Box Containers Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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