Bag-in-Tube Market 2021 – Scope of Current and Future Industry 2026

The bag-in-tube market is expected to outperform other alternatives as a single-use packaging system in the global flexible packaging landscape. Witnessing a stupendous CAGR of more than 13%, the global bag-in-tube market will exhibit remarkable growth between 2019 and 2029. Wine packaging would remain a prominent segment contributing to revenue growth of the global bag-in-tube market, as suggested by a new Future Market Insights (FMI) report.

Some of the key features fueling this growth are a preference for bag-in-tube for its 360° area available for printing & embossing and the ability to offer an extended shelf life of up to 6 to 8 weeks after opening the pack. Metallized PET used in manufacturing bag-in-tube films structures meet customer needs in terms of mechanical resistance and oxygen barrier. The bag-in-tube market is expected to witness an impressive growth rate of 13.7% throughout the forecast period (2019-2029). High-end customization using spigot & handles and the type of material used as barrier layers are some of the key trends in the bag-in-tube market.

bag in tube market region wise share

Key Takeaways – Bag-in-Tube Market Study

  • Metalized PET will continue to be highly preferred in the bag-in-tube market, and is projected to capture more than 60% of the market share during the forecast period of 2019-2029.
  • Demand from manufacturers of wine and olive oil is collectively expected to hold around 80% of the global bag-in-tube market share by 2029, and its absolute growth is expected to be more than any other segment.
  • Western Europe is expected to dominate the bag-in-tube market, and is projected to register an impressive CAGR through 2019-29.

Request a Complete TOC of this Report with figures:
https://www.futuremarketinsights.com/toc/rep-gb-3075

Manufacturers of bag-in-tube can achieve substantial profits by targeting wine and spirit manufacturers as these end users finding bag-in-tube as a lightweight, leak-proof and economical packaging alternative to glass.

Largely Untapped Markets Exist in Asia Pacific and MEA

Bag-in-tube packaging, which is the extended version of bag-in-box, is very new to some markets. While the market penetration of bag-in-tube is very high in Western Europe, it is somewhat low in North America. The largely profitable markets of Latin America and Eastern Europe, where bag-in-tube is in its introductory and developing stages, are the major producers and consumers of wine, offering a great opportunity for manufacturers of bag-in-tube packaging. APEJ, MEA, and Japan have almost a negligible penetration of bag-in-tube, making them highly profitable regions for manufacturers that aim to improve their market positions.

Bag-in-tube packaging is extensively used for packaging wine and spirits, followed by high-end vegetable oil (olive oil) in European countries. The global millennial population is estimated to surpass the 30% mark by the end of 2025. Millennials are easily attracted towards innovative packagings like bag-in-tube and bag-in-boxes as such packages are easy to carry and store. This is expected to create lucrative opportunities for bag-in-tube manufacturers worldwide.

BAG-IN-TUBE MARKET TAXONOMY

The global bag-in-tube market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.

Capacity

  • Less than 1000 ml
  • 1000 to 2000 ml
  • 2001 to 3000 ml
  • More than 3000 ml

Product

  • EVOH Barrier + PE
  • Metallized PET

End-Use

  • Wine
  • Spirit
  • Olive Oil
  • Fruit juices
  • Others

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan
  • Middle East and Africa
  • Japan

More About What the Report Covers

Future Market Insights, in its new offering, brings to the fore an unbiased analysis of the global bag-in-tube market, presenting historical demand data (2014-2018) and forecast statistics for the period of 2019-2029. The study reveals compelling insights on the bag-in-tube market on the basis of capacity (Less than 1000 ml, 1000 to 2000 ml, 2001 to 3000 ml, and more than 3000 ml), product type (EVOH Barrier + PE and Metallized PET), and end-use (wine, spirit, olive oil, fruit juices, and others).

Leave a comment

Your email address will not be published. Required fields are marked *