An increasing number of players in the bag-in-box containers market have been focusing on capacity and geographical expansion in recent years. Offering cost-effective solutions for applications such as smoothies, dairy products, liquid detergents, and cereals has also been a major goal for manufacturers.
The introduction of cubitainers as an alternative to bag-in-box containers is anticipated to dampen the sales of the latter. Cubitainers are an economical and space-saving way of storing, transporting, and dispensing liquid products such as reagents, cooking oils, chemicals, buffer solutions, and soaps and detergents. “The advantages of cubitainers over conventional bag-in-box containers are many, which poses a severe threat to the bag-in-box containers market,” the analyst reveals. Moreover, additional equipment costs associated with bag-in-box container packaging are likely to restrict the adoption of these products in several end-use industries, especially those in the emerging markets of the Middle East and Africa and Asia Pacific.
Based on end use, the global bag-in-box containers market caters to the food and beverages industry, household applications, and industrial liquids packaging companies. The food and beverages sector dominates the global bag-in-box containers market with a share amounting to over three-fourths of the overall market by end use. This segment comprises alcoholic beverages, non-alcoholic beverages, and liquid foods. The use of bag-in-box containers for household products is anticipated to witness the fastest growth over the forecast period at a 9.1% CAGR over the course of the aforementioned forecast period.
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Bag-in-box containers are made from low-density polyethylene (LDPE), ethylene vinyl acetate (EVA), ethylene vinyl alcohol (EVOH), and other materials. Low-density polyethylene is the most widely used material for bag-in-box containers and accounts for a prominent share in the global market owing to its high consumption in the packaging of food and beverages as well as household products. Driven by its oxygen barrier properties, ethylene vinyl alcohol is anticipated to gain traction over the forecast period in the packaging of food items and beverages.
By the type of received order, the global bag-in-box containers market includes standard orders and customized orders. Bag-in-box containers are mainly available in a standard format and thus, the segment accounts for the maximum share. However, customized bag-in-box offerings are expected to present lucrative opportunities for manufacturers. This segment is projected to expand at a CAGR of 7.8% from 2017 to 2024.
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