Global Bag-in-Box Market Size and Growth Prospects: 2024-2034 Outlook

The valuation for the global bag-in-box market was around US$ 3.6 billion in 2023 and is projected to exhibit a CAGR of 5.6 % over the forecast period, with an expected valuation of US$ 6.6 billion by 2034.

The increasing need for sustainable packaging options, the popularity of e-commerce, and rising alcoholic beverage consumption are all predicted to drive growth in the bag-in-box industry. Furthermore, advancements in bag-in-box packaging, such as self-heating and self-cooling features, are expected to boost market expansion.

The need for environmentally friendly packaging solutions is a primary driver in the BIB (Bag-in-Box) market. BIB packaging has various environmental benefits over traditional packaging methods, including lower transportation costs due to its lightweight and compact design and the recyclability of its materials (cardboard and plastic).

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Increasing health awareness worldwide owing to hygienic food and packaging solutions is expected to create significant opportunities. Developed countries with stringent food and packaging regulations are expected to drive the market for sustainable packaging. The manufacturers are focusing on launching flexible products to carry using 100% recyclable materials to gain popularity in the market.

The rising demand for industries such as wine and alcohol is projected to enhance the market growth. Recyclability, sustainability, and affordability are the key factors accelerating the market. Moreover, apart from alcohol and wine, dairy products and other industrial chemicals are propelling the market.

Key Takeaways from the Market Study

The global bag-in-box market is estimated to register a CAGR of 11% with a valuation of US$ 6.6 billion by 2034.
The United States is anticipated to register a 3.7% CAGR during the forecast period.
With a 6.4% CAGR, China is driving the global market by 2034.
United Kingdom is anticipated to secure a CAGR of 5.1 % in the global market during the forecast period.

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Competitive landscape

In recent years, there has been a surge in investment and collaboration within the industry. These strategic partnerships and financial investments aim to accelerate research and development, scale production, and expand market reach. Key players have initiated promotional activities to introduce the design and shapes of box packaging. Moreover, industry experts are innovating the packaging system to reduce carbon footprint and enhance consumer health.

Recent Development

Spadel, a mineral water brand, and DS introduced a new 5-liter packaging in an octagonal shape in 2022. The packaging is focused on flexible plastic bags and cardboard.
Scholle IPN introduced SIOC, an Amazon ISTA-6 authorized bag-in-box packaging line for liquid products, in 2021.
In 2023, Smurfit Kappa Group, a paperboard bag manufacturer, introduced a new recyclable bag-in-box made of 53% recycled and renewable resources.
Smurfit Kappa developed A new tiny film for bag packaging in 2021. The film E Compact 60 minimizes the amount of plastic used for bag production.

Market Key Players