Bag-in-box packaging solutions provide efficient and cost-effective storage and transportation of liquid products such as wine, fruit juices, dairy products, sauces, and others. The bag-in-box packaging format protects liquid products from bacterial contamination, oxidation, and sunlight exposure and extends their shelf life.
The global Europe Bag in Box Packaging Market is estimated to be valued at US$ 1790.52 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rapid transition towards sustainable packaging solutions is one of the key trends driving the growth of the Europe bag-in-box packaging market. Bag-in-box packaging is recognized as one of the most sustainable packaging solutions as it reduces the usage of materials by up to 30% compared to alternative packaging formats such as canned or bottled products. Bag-in-box packaging utilizes materials efficiently and minimizes packaging waste sent to landfills. It also provides advantages such as compact packaging, ease of handling, and on-shelf differentiation. Owing to these benefits, an increasing number of beverage manufacturers are adopting bag-in-box packaging for their products, thereby propelling the market growth over the forecast period.
Segment Analysis
The Europe bag in box packaging market growth is dominated by the wine segment. Wine accounts for over 60% of the bag in box packaging market owing to its easy handling and storage advantages. Bag in box packaging ensures wine stays fresh for a longer duration compared to traditional packaging such as bottles. It avoids wastage by allowing usage of entire content.
Key Takeaways
The global Europe Bag in Box Packaging Market is estimated to be valued at US$ 1790.52 Mn in 2024 and is expected to exhibit a CAGR of 2.4% over the forecast period 2024 to 2031.
Regional analysis: Spain dominates the Europe bag in box packaging market accounting for over 30% share due to being one of the largest wine producers in the world. Italy follows in second position supported by significant wine industry. Both countries are adopting bag in box packaging at a high rate for wine packaging.
Key players: Key players operating in the Europe bag in box packaging market are Copperhead Industries, LLC, American Wire Group, Inc., Nehring Electrical Works Company, Kris-Tech Wire, MWS Wire Industries Inc., AFL, LEONI Wire Inc., Fisk Alloy Inc., and Elecref Industries Inc. The market is dominated by international players with local players catering to niche wine producer segments. Players are focusing on developing packaging solutions for non-alcoholic beverages to tap faster growth categories.
Get more insights on this topic: https://www.newsstatix.com/europe-bag-in-box-packaging-market-share-and-opportunity-analysis/
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