Bizizz Market Research has recently published a research report, “Bag-In-Box Containers Market By Materials type (Paper & Paperboard and Plastics), Application (Food & Beverages Alcoholic Beverages, Nonalcoholic Beverages, Industrial Liquids, Oils, Industrial Fluids, Petroleum Products, Household Products, Household Cleaners, Liquid Detergents and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Bag-In-Box Containers Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 5.8 Bn by 2027, witnessing a CAGR of 6.5 % during the forecast period. Key drivers of the market are increased demand by different industries coupled with increased production of wine is propelling its market growth.
Rising demand for Bag-in-box container is ascribed to higher product adoption rate in industries such as food and beverages, household cleaners, and milk and dairy products and wine packaging. An increased production of wine is anticipated to register a consistent growth of manufacturers by adopting advanced packaging solutions including bag-in-box containers and other substitute products available in the market.
The Bag-In-Box Containers market is anticipated to register a CAGR of over 6.5% during the forecast period.
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By Product, alcoholic beverages segment held a key share in Global Bag-In-Box Containers Market in 2018.
An increasing growth for the demand of household offerings including cleaners and enhanced consumption of household cleaners including surface cleaners and surface deodorizers are anticipated to propel demand of bag-in-box containers. Its market is anticipated to be driven by demand from low-foam detergents along with packaged in bag-in-box containers. The demands of bag-in-box container are anticipated to be limiting the growth in alternative products that are existing in the market including plastic containers and bottles.
Asia pacific is Anticipated to Dominate the Global Bag-In-Box Containers Market during the Forecast Period.
The Asia Pacific is anticipated to grow at significant rate during the forecast period. The Asia Pacific is being led by India, China, Australia, Japan, and South Korea. Increasing food and beverage market in Asia Pacific region are projected to have a optimistic impact on the bag-in-box container growth during the forecast period. Raising industrialization in countries such as China and India along with increased adoption rate of packaged food and beverage products in the Asia Pacific region is anticipated to increase its demand.
Global Bag-In-Box Containers market was moderately consolidated with key players accounting for significant share in 2018. The organizations are competing with high investment and partnerships in order to extent its competency and the market growth.
Prominent players operating in the Global Bag-In-Box Containers Market are: Amcor Limited, TPS Rental Systems Ltd., Scholle IPN, CDF Corporation, Vine Valley Ventures LLC, Smurfit Kappa Group, DS Smith, Liqui-Box, Parish Manufacturing Inc., and Optopack Ltd., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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