Being eco-friendly while also being pocket-friendly is a win-win situation. Understanding and putting the need into action is important, but being healthy is equally important. Bag-in-box is an important packaging material that reduces plastic and waste while creating a hygienic environment. Even professional players are working on developing a customer-friendly outlook for the market.
According to Data Bridge Market Research, the Bag-in-Box Packaging Machine Market is expected to undergo a CAGR of 5.20% from 2021 to 2028.
" Eco-friendliness with less expensive can attract great population"
Several global bag-in-box container market players are engaged in technology development for packaging and design. Throughout the forecast period, the demand for cutting-edge packaging designs for food and beverage products to attract consumers is anticipated to increase. Manufacturers are developing novel eco-friendly products to meet the growing consumer demand.
What Restraints the Growth of the Global Bag-In-Box Packaging Machine Market?
" Rising demand of plastic packaging by food and beverages industry will restrain the growth"
The market for bag-in-box containers is anticipated to experience slow growth in the coming years due to the rising demand for plastic bottles in the soft drink industry. In many ways, plastics can accomplish more with less, and when it comes to packaging, plastics frequently enable manufacturers to deliver more goods with less packaging. Compared to traditional bag-in-box containers, the highly flexible, lightweight containers made of plastic or plastic-and-foil composites can use up to 80% fewer materials. For instance, the beverage juggernaut coca-cola produces nearly 200,000 plastic bottles per minute-roughly 3 million tonnes—yearly. Therefore, the market for bag-in-box containers is constrained by the growing demand for plastic bottles in the soft drink industry.
Segmentation: Global Bag-In-Box Packaging Machine Market
The global bag-in-box packaging machine market is segmented on the basis of machine type, automation type, packaging material, output capacity, filling technology and end user.
- On the basis machine type, the bag-in-box packaging machine market is segmented into standalone and integrated.
- On the basis of automation type, the bag-in-box packaging machine market is segmented into semi-automatic, automatic and manual.
- On the basis of packaging material, the bag-in-box packaging machine market is segmented into plastic, paper and paperboard, metal and others.
- On the basis of output capacity, the bag-in-box packaging machine market is segmented into 10 bags/min, 11-50 bags/min, 51-100 bags/min and above 100 bags/min.
- On the basis of filling technology, the bag-in-box packaging machine market is segmented into aseptic and non-aseptic.
- On the basis of end user, the bag-in-box packaging machine market is segmented into food and beverages, paints and lubricants, personal care, household products, healthcare and others.
Regional Insights: Europe is Expected to Dominate the Global Bag-In-Box Packaging Machine Market
Europe is dominating the market and accounts for the largest revenue share. The demand for bag-in-box containers in Europe is expected to grow further due to the product's growth in the food and beverage industry. Changing consumption patterns of consumers, high levels of urbanization coupled with the increasing popularity of such packaging are expected to increase market growth over the forecast period.
Asia-Pacific is the fastest-growing market and is expected to dominate due to the rising industrialization, urbanization, globalization, and growth and expansion of the packaging industry. China, India, Malaysia, and Japan will emerge as the major contributors from this region owing to the increased application of bag-in-box packaging solutions by the various end-user verticals.
To know more about the study, visit, http://www.databridgemarketresearch.com/reports/global-bag-in-box-packaging-machine-market
Recent Developments In Global Bag-In-Box Packaging Machine Market
- In 2022, Spadel and DS Smith introduced a new 5-liter packaging material. It's shaped like an octagon. It was made up of cardboard and a flexible plastic bag. It has a capacity of 5 liters.
- In 2021, The Smurfit Kappa Group introduced a new sustainable bag in the box. It's 53% recycled and renewable materials.
- In 2021, Westrock company collaborated with liquid box corp. They intend to deliver a bag in a bog e-commerce liquid solutions.
- In 2021, Scholle IPN introduced a SIOC, Amazon ISTA-6 certified bag in-box packaging line. These solutions were used in the production of liquid products. The company used Georgia Pacific's packaging solution.
The prominent key players operating in the global bag-in-box packaging machine market include:
- TORR Industries (U.S.)
- ABCO Automation, Inc. (U.S.)
- IC Filling Systems (U.K.)
- Kreuzmayr Maschinenbau GmbH (Austria)
- Innovative Packaging Company (U.S.)
- Triangle Package Machinery Co. (U.S.)
- Quadrant Equipment (U.K.)
- Voran Maschinen GmbH (Austria)
- Smurfit Kappa (Ireland)
- Liquibox (U.S.)
- DS Smith (U.K.)
- Robert Bosch GmbH (Germany)
- Alfa Laval (Sweden)
- Engi-O Gmbh (Australia)
- Pattyn Group (France)
- SACMI (Italy)
- Scholle IPN (Netherlands)
- Technibag (France)
- Franz Haniel & Cie. GmbH (Germany)
- ProXES GmbH (Germany)
- Flexifill Ltd. (U.K.)
- Amcor plc (Australia)
Above are the key players covered in the report, to know about more and exhaustive list of global bag-in-box packaging machine market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Bag-in-Box Packaging Machine Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
