Dec 11, 2018   SOURCE: BusinessWire

Global Bag-in-box Packaging Market 2019-2023: Growing Global Packaged Beverage Consumption / Volatility in Raw Material Prices / Competitive Landscape - ResearchAndMarkets.com

The "Global Bag-in-box Packaging Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The bag-in-box packaging market will register a CAGR of over 5% by 2023.

Various end-user industries are focusing on sustainable packaging solutions due to the ban on plastic and plastic-related products in several countries across the world. The outer covering and inner bag of bag-in-box packaging is made of corrugated carton and polyethylene film respectively, both of which are highly recyclable.

Moreover, the material of the inner bag and dispensing tap must comply with strict directives and standards. Several companies are aiming to use 100% recyclable packaging for their products in the future. Thus, the growing demand for sustainable packaging is expected to drive the growth of bag-in-box packaging market during the forecast period.

Market Overview

Growing global packaged beverage consumption

The consumption of packaged beverages is expected to grow at a rate of around 2.8% during the forecast period. Owing to growing heath consciousness among people, the consumption of carbonated soft drinks will decrease, and the consumption of packaged fruit juices and water will increase. The consumption of milk and dairy-based beverages will also increase during the next five years. This will drive the demand for bag-in-box packaging and thereby boost market growth.

Volatility in raw material prices

Fluctuations in the prices of raw material such as plastic film and kraft paper directly impacts the cost of production. The prices of materials used for manufacturing the inner bag of bag-in-box packaging such as PE, LDPE, and EVOH are also instable due to the supply and demand gap of crude oil across the world. These fluctuations increase the operating costs for vendors and thereby hampers the growth of the market.

Competitive Landscape

The market appears to be moderately concentrated and with the presence of established companies including Amcor, and DS Smith the competitive environment is intense. Factors such as the increasing global packaged beverage consumption, will provide considerable growth opportunities to bag-in-box packaging manufacturers. Amcor, DS Smith, Liqui-Box, Scholle IPN, and Smurfit Kappa are some of the major companies covered in this report.

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Market Landscape

Part 04: Market Sizing

Part 05: Five Forces Analysis

Part 06: Market Segmentation By Application

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Drivers And Challenges

Part 10: Trends

Part 11: Vendor Landscape

Part 12: Vendor Analysis

  • Amcor
  • DS Smith
  • Liqui-Box
  • Scholle IPN
  • Smurfit Kappa

For more information about this report visit https://www.researchandmarkets.com/research/kmp9r2/global_baginbox?w=4