As per their “Bag in Box Container Market” report, the global market was valued at USD 3.9 billion in 2022, growing at a CAGR of 6.7% during the forecast period from 2023 - 2030 to reach USD 6 billion by 2030.
The Bag in Box Container Market container market is experiencing rapid growth due to the rapidly evolving packaging sector. The global region has traditionally been associated with access and affordability issues, however, in recent years, there has been an increased focus on packaging pattern improvements, including more advanced technologies in the packaging industry. Bag In Box Container Market containers are containers that have been equipped with technology to enhance their functionality or provide additional features. For example, containers have an additional layer of protection, prevent contamination from external elements, real-time monitoring of cargo conditions, and others. Recent developments in the Bag in Box Container Market container market are-
In June 2023, Aran Group introduced the new Premium Flex bag in the sustainable product line. The Premium Flex bag is exclusively designed for long-distance transport of liquid products.
In April 2023, SIG announced the commencement of its second production plant for bag-in-box and spouted pouches in Palghar, India. The plant includes a range of specialized machines including bag-in-box manufacturing machines, injection molding cells, blown film extruders, and a mold-making facility for packaging fixtures & closures for bag-in-box containers & spouted pouches.
In February 2023, SEE announced the completion of the acquisition of Liquibox for USD 1.15 billion. This deal was aimed at fast-tracking SEE’s mission to become a world-leading, digitally-driven company leveraging the power of sustainable packaging solutions, including bag-in-box containers.
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In January 2023, Arlington introduced the Arlington Onetrip275 in the U.S. market. The Onetrip275 is a cost-effective and safe corrugated bag-in-box tote solution that can transport over 275 gallons of liquid over long distances.
In October 2022, Liquibox launched new bag-in-box filling machines – A-series (automatic) and S-series (semi-automatic) to fill a diverse range of liquid products, such as beverages, liquid food, and others.
In June 2022, DS Smith, in collaboration with Spadel launched Eco Pack, a new 5-litre bag-in-box packaging solution, which is intended to be both practical and sustainable, with a momentous reduction in plastic usage, of over 65%, compared to conventional packaging.
In June 2022, a leading manufacturer of EVA films globally, Hangzhou First Applied Material Co. Ltd, announced its decision to invest USD 226 million into expanding its ethylene vinyl acetate (EVA) film production capacity in Vietnam.
In recent years there has been a rapid rise in E-commerce sales which is also driving the market’s growth and development. According to Statistics Canada, Monthly Retail Trade Survey of 2022, E-commerce sales were compared with in-store sales, and the following stats were obtained.
Upright and Steady Climb: Bag in Box Container Market container has already made its mark in the market. As this dynamic market continues to develop and grow, it provides a glimmer of hope for the global effort to develop advanced technologies. The packaging domain is constantly innovating and redefining its innovative system from the ground up.
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Conclusion:
The Bag in Box Container Market container research is still in its early stages, due to the rapid development and expansion of technological advancement. This is indicative of the ongoing efforts to improve packaging infrastructure and access in the region, which is gradually changing the landscape. Furthermore, the increased investment in research and development in the packaging sector is further increasing the potential of the market. Despite the unique challenges it faces, the world is making progress towards developing more sustainable packaging options. As this nascent market continues to grow and develop, it has the potential to contribute significantly to global efforts to combat many of the conditions associated with it. According to the UnivDatos an increase in ecologically safer and sustainable packaging, and an upsurge in the e-commerce sector will drive the global scenario of the Bag in Box Container Market container market.
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