The valuation for the global bag-in-box market was around USD 3.8 billion in 2024 and is projected to exhibit a CAGR of 5.6 % over the forecast period, with an expected valuation of USD 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 USD 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.
“Key bag-in-box suppliers are focusing on unique packaging formats to attract customers, such as recycled cardboard, glass, and aluminum bottles. To remain competitive, companies are emphasizing brand transparency and introducing groundbreaking innovation” – Says Ismail Sutaria, Principal Consultant, Packaging and Materials at Future Market Insights.
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
- Smurfit Kappa
- DS Smith PLC
- Liqui-Box Corp
- Scholle IPN Corp
- CDF Corporation
- Aran Group
- Fujimori Kogyo
- Goglio
- Amcor Limited
- Vine Valley Ventures
- Parish Manufacturing
- TPS Rental Systems
- Optopack
Market Segmentation: Bag-in-Box Market
By Capacity:
- Less than 5 liters
- 5 to 10 liters
- 10 to 15 liters
- 15 to 20 liters
- More than 20 liters
By End Use:
- Food
- Dairy Products
- Sauces, Vinegar & Flavoring
- Liquid Egg Products
- Beverages
- Alcoholic Beverages
- Non-alcoholic Beverages
- Water
- Chemicals
- Petroleum
- Cosmetic & Personal Care
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- The Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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