Tuesday, 11 April 2023 09:00 AM
Company Update
NEWARK, DE / ACCESSWIRE / April 11, 2023 / By 2033, the USA & Canada bag-in-box packaging market 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.
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.
Bag-in-box packaging for beverages is gaining traction among consumers due to the convenience it offers. The major factors attracting consumers are increased shelf life, ease in dispensing and storage.
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Manufacturers are also using bag-in-box for beverages packaging which includes tea, coffee, juice, and other liquid products.
Bag-in-box ensures the safety of liquid products inside them. It also helps the brand to advertise its product and build a brand image among consumers. This is often achieved by using sustainable packaging.
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 USA & Canada Bag-in-box Market
- 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 & 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 USA & Canada bag-in-box market.
- Chemical
- Homecare
- Cosmetics & Personal Care
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"The rising awareness amongst consumers for safety in their consumables is driving demand in the bag-in-box market. Freshness is another key concern in this industry. Manufacturers of bag-in-box packaging would find a sizeable opportunity in the forecast period in creating packaging products that keep the ingestible from coming into contact with oxygen.," says an FMI analyst.
Competitive Landscape: The USA & Canada Bag-in-Box Market 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 USA & Canada bag-in-box market 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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USA & Canada Bag-in-Box Market Outlook by Category
By Capacity:
- Less than 2 Liters
- 2 to 3 Liters
- 4 to 20 Liters
- 20 to 25 Liters
- Above 25 Liters
By Material:
- Polyethylene (PE)
- Ethylene Vinyl Acetate
- Metallized-PET
- Ethylene Vinyl Alcohol
- Nylon
- Foil
By Application:
- Dairy Products
- Tomato Pulp/Sauces, Vinegar & Flavouring
- Processed Fruits and Vegetables Puree
- Liquid Egg Products
- Wine & Spirits
- Fruit Juice
- Water
- Cookies
- Cereals
- Oil
- Chemical Solutions
- Liquid Detergent
By End Use:
- Retail
- Food
- Beverage
- Other B2B Industry
By Country:
- The USA
- Canada
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Table of Content
1. Executive Summary | The USA & Canada Bag-in-Box Market
1.1. Market Outlook
1.2. Market Analysis
1.3. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation Trends
4. Key Success Factors
4.1. Product Adoption Analysis
4.2. Product USPs / Features
5. Market Demand Analysis 2017 to 2022 and Forecast, 2023 to 2033
5.1. Historical Market Volume (Units) Analysis, 2017 to 2022
5.2. Current and Future Market Volume (Units) Projections, 2023 to 2033
5.3. Y-o-Y Growth Trend Analysis
6. Market - Pricing Analysis
6.1. Regional Pricing Analysis
6.2. Pricing Break-up
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About the Packaging Division at Future Market Insights
The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, and packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analysed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
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