Global Bag-in-Box Containers Market to Reach $5.4 Billion by 2030
The global market for Bag-in-Box Containers estimated at US$3.8 Billion in the year 2023, is expected to reach US$5.4 Billion by 2030, growing at a CAGR of 4.9% over the analysis period 2023-2030. Low Density Polyethylene Material-based Bag-in-Box Containers, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$2.9 Billion by the end of the analysis period. Growth in the Ethylene Vinyl Acetate Material-based Bag-in-Box Containers segment is estimated at 4.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 4.6% CAGR
The Bag-in-Box Containers market in the U.S. is estimated at US$1.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$941.4 Million by the year 2030 trailing a CAGR of 4.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.7% and 3.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR.
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