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

Market Size & Trends

The Asia Pacific bag-in-box container market size was valued at USD 679.2 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.8% from 2023 to 2030. The growth of the industry can be attributed to the growing product adoption in industry segments such as alcoholic beverages, household cleaners, and milk and dairy products. The bag-in-box container industry has been witnessing a soaring demand from the wine industry. The production of wine is expected to register a steady increase with the manufacturers adopting advanced packaging solutions such as bag-in-box containers as alternative packaging.

The market for bag-in-box containers in the alcoholic beverage segment is expected to witness growth owing to the increasing alcoholic beverage consumption. Growth in the consumption of alcoholic beverages in developed economies is expected to further drive the growth. China is expected to be the largest consumer of alcoholic beverage products followed by India.

The growing demand for household products is expected to drive the demand for bag-in-box containers over the forecast period. The increasing consumption of household cleaners such as cleaners and deodorizers is expected to drive the product demand in this segment. The rising urban population in the country has increased demand for hygiene-promoting items including household cleansers. Moreover, the rising demand for low-foam detergents packaged in bag-in-box packaging is expected to boost the regional market’s growth.

The demand the bag-in-box containers is expected to be hampered by the growth in the alternate product market such as glass bottles and plastics. The abundant availability of plastic bottles at lower prices is expected to hinder growth. The increasing demand for plastic bottles by the soft drink industry is expected to hamper the growth of the market over the forecast period.

The regional market for bag-in-box containers has several players, which are involved in technology development in terms of design and packaging solutions. Rising demand for innovative packaging designs for food and beverage products to catch consumer attention is expected to positively impact the industry’s growth over the forecast period.

Application Insights

Based on application, the Asia Pacific bag-in-box container market is segmented into food and beverage, industrial liquids, and household products. The food and beverage application segment plays a major role in the growth of the market and accounted for the maximum revenue share of over 64.0% in 2021. In addition, factors such as rising disposable income and health concerns among the older population in developing countries are expected to drive the demand for hygienic packaging solutions.

Improved lifestyle, growing awareness, and higher disposable income about healthier products have resulted in a heightened demand for food and beverage products. The introduction of such packaging solutions that offer ease of consumption to consumers and the production of new soft drinks will emerge as major growth drivers over the forecast period.

In addition, manufacturers are adding various options such as adding nutritious products to their product line, offering healthier snack items, and innovative packaging, thereby driving the adoption of bag-in-box containers resulting in considerable market growth.

The increasing concerns among consumers regarding personal hygiene coupled with the rising use of household cleaning products are expected to propel market growth over the forecast period. Rising demand for household cleaners such as surface deodorizers and fabric fresheners is expected to drive growth during the forecast period.

Country Insights

China is expected to grow at the fastest CAGR over the forecast period. The growing food and beverage market in the country is expected to have a positive impact on the bag-in-box container industry’s growth over the forecast period. Increasing industrialization in the country coupled with the rising adoption of packaged food and beverage products in the region is expected to propel demand over the forecast period.

Household products emerged as another major segment owing to the introduction of eco-friendly household cleaning products. In addition, technological advancements including automatic dishwashing products are expected to drive the market’s growth in the forthcoming years.

The demand for bag-in-box containers in India is expected to grow owing to the growing food and beverage industry. Changing consumption patterns, rising urbanization, and the increasing popularity of this type of packaging are the factors expected to drive the market’s growth. Increasing investments in R&D by the packaging manufacturers to enable the incorporation of new features including shapes, sizes, and features are likely to increase the demand for bag-in-box containers.

Increasing health concerns among the people in Japan and the demand for hygienic products is likely to drive the market’s growth. Increasing consumption of packaged nutritional food products, along with benefits such as food safety and quality at reasonable prices, is likely to drive the industry’s growth.

The presence of major food and beverage companies including ELL Environmental Holdings; Henan QI’E Grain and Oil Machinery CO., LTD, Coca-Cola India Private Limited, and Nestlé India Limited, in this region is expected to propel the growth of the market over the forecast period.

Key Companies & Market Share Insights

The key players include Gerresheimer AG, ITC Limited, Westrock India, and Hitech Plast (Hitech Group), along with a few medium and small regional players. Major players are continuously working on developing polymers for the packaging owing to the rising demand for bag-in-box packaging from the food & beverage industry.

A majority of the global companies are expected to increase their polymer offerings to Australia, China, India, Japan, and Malaysia owing to high market growth potential in these regions given the expansion of the bag-in-box container market. Some prominent players in the Asia Pacific bag-in-box container market include:

• Gerresheimer AG

• ITC Limited

• Westrock India

• Hitech Plast (Hitech Group)

• Jindal Poly Films Limited

• Manjushree Technopack Ltd

• Vikas Ecotech Ltd.

• Liquibox

• THE PACK CORPORATION

• Scholle IPN

Asia Pacific Bag-in-Box Container Market Report Scope

Asia Pacific Bag-in-Box Container Market Report Segmentation

This report forecasts revenue and volume growth at the regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the Asia Pacific bag-in-box container market report based on application and country:

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Food & Beverage

    • Alcoholic Beverages

      • Wine

      • Beer

      • Others

    • Non-Alcoholic Beverages

      • Soft Drinks

      • Juices & Flavored Drinks

      • Water

    • Others

      • Tomato Products

      • Milk & Dairy Products

      • Liquid Eggs

      • Edible Oil

      • Others

  • Industrial Liquids

    • Oils

    • Industrial Fluids

    • Petroleum Products

  • Household Products

    • Household Cleaners

    • Liquid Detergents

    • Liquid Soaps & Handwash

    • Others

• Country Outlook (Revenue, USD Million, 2018 - 2030)

  • Asia Pacific

    • Australia

    • China

    • India

    • Indonesia

    • Japan

    • South Korea

    • Malaysia

    • Philippines

    • Thailand

    • Vietnam

    • New Zealand