Asia Pacific Bag-in-Box Container Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Industrial Liquids, Household Products), By Country, And Segment Forecasts, 2023 - 2030

Asia Pacific Bag-in-Box Container Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Industrial Liquids, Household Products), By Country, And Segment Forecasts, 2023 - 2030

Asia Pacific Bag-in-Box Container Market Growth & Trends

The Asia Pacific bag-in-box container market size is expected to reach USD 1,239.1 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.8% from 2023 to 2030. The demand for the packaging of bag-in-box containers in the household & food & beverage industry is anticipated to grow owing to the increasing production and consumption of alcoholic beverages in the region. The shift in consumer demand and consumption patterns of natural food products is also expected to drive the demand.

Additionally, the demand for bag-in-box containers is increasing in the household products industry. Household products, such as surface cleaners and deodorizers are being increasingly packaged using bag-in-box containers. Rising consumption and production of hygiene products in households attributed to the rise in urban population across the region has further contributed to the growth of the industry. Furthermore, the rise in the packaging in bag-in-box containers for low-foam detergents coupled with their rising consumption is anticipated to boost the market’s growth in the region.

China has witnessed significant growth in the adoption of bag-in-box containers in the coming years. The demand is primarily driven by the food sector and along with the increasing demand for sauces and cooking oils. In addition, the demand is also growing by the shift towards healthy and organic food for flexible & convenient packaging solution-based products. The R&D has been boosting major food & beverage market players operating in the market to increase their sales in Australia and Japan.

The demand for bag-In-box containers is expected to grow in Japan owing to the presence of the well-established food & beverage sector along with the high manufacturing rate. In addition, the presence of regional manufacturers including ELL Environmental Holdings; Henan QI’E Grain and Oil Machinery CO., LTD is expected to open new avenues for the industry’s growth over the projected period.

The bag-in-box container market is characterized by the presence of established players which mostly operate out of China, India, Malaysia, and others with their manufacturing and distribution locations present across the Asia Pacific region. These companies engage in long-term agreements with raw material suppliers to ensure a constant supply of the materials, reduce their production costs, and gain a competitive edge over other small-scale, local players.

Asia Pacific Bag-in-Box Container Market Report Highlights

• The food & beverage application segment accounted for a dominant revenue share in 2022 and is expected to witness growth over the forecast period. The growing demand for readymade food & beverages, alcoholic beverages, and others across the region is expected to propel the growth
• Australia is predicted to witness significant growth over the forecast period. Increasing imports and exports by counties such as China, Japan, and India along with the rising usage of flexible packaging products in the region have propelled the demand for bag-in-box containers
• As of 2022, the China bag-in-box container industry is expected to grow at a reasonable CAGR of 8.2% over the forecast period. The increasing demand for readymade food is expected to drive market growth in the country
• Major key players are continuously working on enhancing their production plants owing to the increased usage of polyurea in the construction industry. Moreover, several companies have started focusing strategies such as mergers and acquisitions to broaden their product portfolio and strengthen their presence in the market
• For instance, in January 2022, Vikas EcotechLimited announced plans to invest in environmentally friendly BioPlastics (PHA) technology and is nearing completion of a Technology Joint Venture with AuraphaPrivate Ltd to create Biodegradable Plastics

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