According to grandviewresearch.com in 2019, the calculated value of the global bag-in-box market is USD 3.3 billion. According to their prognosis, from 2020 to 2027 this market is to observe a Compound annual growth rate (CAGR) of 6,5%.
The popularity of bag-in-box packaging rapidly booms in different industries. bag-in-box is particularly popular in the wine, juice, and alimentary oil industries. Dairy producers also gradually start to extend their product lines by adding bags to their assortment. Moreover, it is possible to apply bag-in-box for motor oil, household, and industrial chemicals.
The full list of possible Bag-in-box applications is below:
1. Wine and spirits
5. Liquid eggs
6. Sauces, fruit purees, and concentrates
7. Industrial and household chemicals
The food and beverage industry shows the highest demand for bag-in-box packaging, although bag-in-box can be applied for household and industrial products as well.