Bag-in-Box container market projected to reach $7 billion by 2031, driven by sustainability demand

From GlobeNewswire: 2024-10-11 02:54:00

Allied Market Research published a report on the bag-in-box container market, projecting a value of $7 billion by 2031 with a 5.8% CAGR. The market is driven by demand for sustainable packaging, particularly in the beverage industry. Advancements in technology and rise of e-commerce also contribute to market growth. Paper & paperboard containers are expected to exhibit fastest growth due to their sustainability and recyclability, especially for liquid products. The dry segment is anticipated to experience faster growth, driven by demand for sealed packaging for food products. Additionally, the personal care segment is expected to grow significantly due to rising expenditure on cosmetics and personal care products. LAMEA is forecasted to exhibit the highest growth, driven by increasing demand in Gulf countries and Latin America. Key players like Scholle IPN are innovating with recyclable bag-in-box solutions, catering to the rising demand for sustainable packaging solutions.



Read more at GlobeNewswire: Bag-in-Box Container Market to Reach $7 billion, Globally,