The Global Bag-in-Box Market is expected to grow from USD 1497 Million in 2019 to USD 1817 Million by the end of 2025
A bag-in-box or BiB is a type of container for the storage and transportation of liquids. It consists of a strong bladder (or plastic bag), usually made of several layers of metallised film or other plastics, seated inside a corrugated fiberboard box. The BiB is currently used to package wine, soda fountain syrup products, milk, liquid chemicals, and water.
The Global Bag-in-Box Market
is expected to grow from USD 1497 Million in 2019 to USD 1817 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 4.79%. According to the capacity, Bag in Box packaging is mainly divided less than 5 liters, 5-15 liter, more than 15 liters, among them, 5-15 Liter has the largest market share of about 55%, less than 5 liters has a market share of 33%. Bag-in-Box has many common commercial applications. One of the most common commercial uses is to supply syrup to soft drink fountains and to dispense bulk supplied condiments such as ketchup or mustard in the foodservice industry specifically in fast food outlets. Bag-in-Box application areas can be divided into wine packaging, spirit packaging, other beverage, food etc. Among them, wine packaging occupies the largest market share of 56%, spirit packaging occupies a market share of 17% and followed by others beverage of 14%.
Some companies have several plants; usually locate in the place close to aimed consumption region. There are international companies set up companies in China either, some companies usually take a joint venture enter into aim market. Bag-in-Box packaging key consumption markets locate at developed countries. The Asia-Pacific the market share of 45%, followed by Europe with 22%. North America has a market share of 17%. Global consumption market has a quicker growing speed of CAGR 4.83%.
Key players in global Bag-in-Box packaging market include: Smurfit Kappa, AstraPouch, Liqui-Box, CDF Corporation, Optopack, Gustav Stabernack GmbH, ARAN GROUP. Smurfit Kappa is the world's largest Bag-in-Box packaging company, It has approximately 7% of the global Bag-in-Box packaging market share.