By 2033, the Bag-in-Box Market in USA and Canada is expected to witness tremendous growth of US$ 473.0 million & likely to surge at 5.1% CAGR over the years between 2023 and 2033.
A key driver behind this remarkable growth trend is the rising consumer demand for eco-conscious and sustainable packaging solutions. Bag-in-box packaging, in particular, stands out as an environmentally friendly option that contributes to a significant reduction in carbon emissions associated with product shipping and storage.
Environment friendly, sustainable, convenient, and protective packaging solutions are being increasingly demanded by various industries. Some of these industries are beverage, food, and others, that require bag-in-box packaging solutions. Bag-in-box products have lower carbon footprints than their plastic and glass competitors.
The appeal of bag-in-box packaging extends across diverse industries, encompassing not only food and beverages but also pharmaceuticals and chemicals. Its recyclability and eco-friendly attributes make it a preferred choice, aligning with the sustainability goals of various sectors.
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Over the forecast period, the sales of bag-in-box in the USA & Canada are estimated to record a significant rise. This is because of the increased market popularity of bag-in-box packaging across North America.
Key Takeaways from the Bag-in-Box Market in USA and Canada
- The bag-in-box manufacturers across the USA & Canada offering small-sized bag-in-box packaging for commercial usage are witnessing high demand.
- The sales of bag-in-box packaging in the USA & Canada having a capacity of fewer than 2 liters is anticipated to register a significant growth of 6.9% CAGR between 2023 to 2033.
- The rise in consumption levels of all types of beverages in the USA & Canada has had a positive impact on the bag-in-box market.
- The above-mentioned drivers make the beverage industry the largest end-use industry accounting for around 55.4% of the total sales of USA and Canada bag-in-box packaging in 2023.
- The recyclability and flexibility of polyethylene make it a highly used material. It is used in more than 1/3rd of the total bag-in-box sold in the USA & Canada throughout the forecast period.
- The rising consumption of wine & spirits in the USA & Canada will make it the significant application segment of bag-in-box containers.
- This segment is expected to hold a market share of 20.% in the year 2023 across the total Bag-in-Box Market in USA and Canada.
- Chemical
- Homecare
- Cosmetics & Personal Care
Drivers:
- Growing Demand for Sustainable Packaging:Consumers in the USA and Canada are increasingly seeking sustainable and eco-friendly packaging solutions. Bag-in-Box packaging, which is often recyclable and reduces waste, is gaining popularity due to its environmental benefits.
- Cost-Efficiency:Bag-in-Box packaging can be a cost-effective choice for both manufacturers and consumers. It reduces packaging material costs, lowers shipping expenses, and minimizes storage space, making it an attractive option for various products.
- Extended Shelf Life:Bag-in-Box packaging offers effective protection against oxygen and light, prolonging the shelf life of products, particularly liquids like wine and fruit juices. This extended shelf life can reduce product waste and costs.
- Versatility:Bag-in-Box packaging is versatile and adaptable for various industries, including wine, juice, dairy, and industrial liquids, which contributes to its widespread adoption.
- Wine Industry Growth:Bag-in-Box packaging has gained significant traction in the wine industry due to its ability to preserve the quality and freshness of wine. The increasing popularity of wine consumption in the USA and Canada has driven demand for this packaging type.
- Efficient Dispensing:Bag-in-Box packaging allows for efficient dispensing and portion control, making it suitable for both commercial and consumer applications.
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Competitive Landscape: The Bag-in-Box Market in USA and Canada Landscape
The manufacturers of bag-in-box present in the USA & Canada are focusing on developing innovative bag-in-box packaging solutions.
For instance,
In January 2021, Liqui-Box Corporation developed an innovative bag-in-box packaging solution called Eco-Flex. This bag is made from a unique blend of materials that includes renewable resources, and it has a reduced amount of plastic content.
In February 2022, Scholle IPN Corporation developed an innovative bag-in-box packaging solution called Bag-in-Bottle. This technology involves placing a high barrier bag inside a rigid bottle. This system reduces the amount of oxygen that comes into contact with the product, which helps to preserve its freshness and taste.
Some of the key players dominating the Bag-in-Box Market in USA and Canada are Smurfit Kappa Group Plc, DS Smith Plc, Scholle IPN Corporation, Liqui-Box Corporation, Aran Group, Goglio S.p.A., CDF Corporation, Vine Valley Ventures LLC, TPS Rental Systems Ltd, ABCO Automation, Inc., International Paper, Mondi plc, Vine Valley Ventures LLC and many more.
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