Bag-in-Box Container Market Size, Share & Trends Analysis Report By Application (Food & Beverage, Industrial Liquids, Household Products), By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the bag-in-box container market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for bag-in-box container market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of bag-in-box container market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Bag-in-Box Container Market Categorization:

The bag-in-box container market was categorized into six segments, namely application (Food & Beverage, Industrial Liquids, Household Products), capacity (< 1 Liter, 1-5 Liter, 5-10 Liter, 10-20 Liter, 6-20 Liter, > 20 Liter), material state (Liquid, Semi Liquid), tap (With Tap, Without Tap), component (Bags, Box, Fitments), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America)

Segment Market Methodology:

The bag-in-box container market was segmented into application, capacity, material state, tap, component, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The bag-in-box container market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into nineteen countries, namely, the U.S., Canada, Mexico, the UK, Germany, France, Spain, Turkey, Russia, China, Japan, India, Australia, South Korea, UAE, Saudi Arabia, South Africa, Brazil, Argentina.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Bag-in-Box container market companies & financials:

The bag-in-box container market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Amcor Ltd. - Amcor Ltd., founded in 1860, is headquartered in Melbourne, Australia. The company's operations are divided into two product lines: flexible and rigid packaging. It serves various industries, such as pharmaceuticals, food and beverage, home care, and personal care products. Additionally, Amcor Ltd. supplies paper for the production of tobacco products. As of December 2021, the company employed approximately 46,000 individuals. In terms of sales, rigid packaging contributed to 22%, while flexible packaging accounted for 78% in 2021. With a presence in 40 countries worldwide, Amcor Ltd. has established diversified operations across Europe, North America, Latin America, Africa, and the Asia Pacific region. The company boasts five head offices, 225 manufacturing sites, 51 regional offices, and 19 distributors.

• Smurfit Kappa - Smurfit Kappa, founded in 1934, is a Dublin-based paper-based packaging manufacturer. The company's operations encompass packaging, paper manufacturing, recycling, and forestry. It offers a wide range of products, including containerboards and bag-in-box containers, catering to various market sectors such as consumer goods, food & beverage, paper & packaging, and industrial goods. Additionally, Smurfit Kappa deals in recovered paper, packaging machinery, packaging, and forest products. With a global presence in 36 countries, the company boasts 350 production sites and holds a significant position in Central & South America. It operates in 23 European countries, with 12 manufacturing facilities and sales offices in America. As of December 2021, Smurfit Kappa employs approximately 48,000 individuals.

• DS Smith - DS Smith, founded in 1940 and headquartered in London, UK, is a leading manufacturer of packaging material. With a strong presence in the UK and France, the company specializes in producing corrugated packaging and plastic packaging on a global scale. DS Smith operates through different business segments, including paper & plastic packaging and recycling. These segments are divided into high-performance materials, industrial specialties, and coating solutions. The company has a global footprint, with facilities in 37 countries across North America, Asia Pacific, and Europe. Its European operations contribute significantly to its revenue, accounting for around 40% through an extensive sales and distribution network. DS Smith's product manufacturing is carried out in two distinct business segments: surfactants & interface agents and adsorption & filtration. The company places great importance on research and development, conducting these activities through two centers located in France. As of 2021, DS Smith employs over 29,309 individuals and operates more than 200 manufacturing sites worldwide.

• Liquibox - Liquibox, established in 1961 and headquartered in Virginia, U.S., specializes in providing flexible packaging solutions for various industries. These include dairy, non-food products, bulk food, wines, drinking water, paints, liquid eggs, motor oil, and beverages. Originally a subsidiary of DuPont, Liquibox became a part of Olympus Partners in 2015. With a strong presence in the bag-in-box and pouch packaging sector, the company operates across three business segments: beverage, liquid food, and non-food packaging. Liquibox offers an extensive product portfolio, including fillers, pouches, bag-in-box systems, films, fitments, containers, and bag machines, catering to diverse application industries. As of December 2021, the company employed nearly 2,000 individuals, solidifying its position as a global leader in the industry.

• Scholle IPN - Scholle IPN, founded in 1945 and headquartered in Illinois, U.S., is a leading manufacturer of fitments, film, equipment, pouches, and bag-in-box containers. With a diverse portfolio spanning across food & beverages and non-food sectors, the company offers customized flexible packaging solutions to meet the specific needs of its clients. Scholle IPN enables its customers to bring their products to market quickly and efficiently by combining high-quality films, fitments, and equipment. Within the food segment, Scholle IPN provides a wide range of products for various major segments, including baby & toddler food, condiments & sauces, dairy, edible oil, fruits & vegetables, nutraceuticals, pet food, soup, and spreads & toppings. The company also caters to the beverage industry, offering packaging solutions for alcoholic beverages, coffee & tea, dairy, frozen beverages, functional drinks, juice, smoothies, soft drinks, and water. In addition to food and beverages, Scholle IPN also offers packaging solutions for non-food products such as agriculture chemicals, automotive fluids, beauty & personal care items, cleaning chemicals, coatings, and pharmaceuticals. The company specializes in aseptic packaging for products like syrup, agave, and honey and also provides barrier films that maintain aseptic conditions. Furthermore, Scholle IPN offers filling machines specifically designed for cold chain logistics. With a strong focus on innovation, Scholle IPN has obtained 38 patents as of 2020, showcasing its commitment to developing cutting-edge packaging solutions. As of September 2020, the company employed a dedicated workforce of 2,100 individuals.

• CDF Corporation - CDF Corporation, founded in 1971 and headquartered in Massachusetts, USA, is a leading global manufacturer of shipping, industrial storage, and flexible packaging solutions. With expertise in drum liners, bag-in-box systems, flexible packaging, and bulk container liners, CDF serves various industries, including chemical, industrial markets, food & beverage, and cosmetics. The company's extensive product portfolio includes fiber, plastic, steel, round bottoms, agitators, drum liners, cover sheets, and blow-molded liners. In addition, CDF produces steel and plastic pails, cradles and trays, covers and dust caps, and pail lids. CDF offers high-quality products in Canada, the United States, and globally, leveraging its own distribution network. The company's production facilities span across North America, Europe, and Asia Pacific.

• Arlington Packaging (Rental) Limited - Arlington Packaging (Rental) Limited, founded in 2004 and headquartered in Pewsey, UK, specializes in the production and distribution of intermediate bulk container solutions for industries such as pharmaceuticals, specialty chemicals, food, and cosmetics. Primarily operating in the UK, the company offers various products, including liquids handling, liner bags, fittings and accessories, rental services, and logistics/pooling. Their product line includes a combo range, one-trip IBCs, IBC liners, IBC accessories, foldable pallet containers, plastic storage boxes, and eco-flex liquid carriers. The beverage industry primarily uses the company's containers for efficient transportation of beverage products. With various bag-in-box intermediate bulk container sizes available, food and beverage companies often utilize them for import and export purposes.

• CENTRAL PACKAGE & DISPLAY - CENTRAL PACKAGE & DISPLAY, founded in 1959 and headquartered in Minnesota, U.S., specializes in POS packaging, POP displays, and corrugated protective packaging. With a focus on the packaging and container industry, the company offers a diverse product portfolio that includes set-up boxes & folding cartons, static control products, protective packaging, packaging supplies & fulfillment, and creative graphic packaging & displays. CENTRAL PACKAGE & DISPLAY also provides custom packaging solutions and boasts fully integrated design and production capabilities. The company operates its distribution network to ensure efficient distribution, catering to various industries. As of 2019, the company employed 110 individuals.

• Accurate Box Company, Inc. - Accurate Box Company, Inc. was established in 1944 and is headquartered in New Jersey, U.S. The company is engaged in the manufacturing of various products, including standees, displays, and litho-laminated boxes, and offers displays and boxes for consumer packaging, point-of-sale displays, fluted cartons, and club store trays. The company caters to various industries, including food & beverage, household products, health & personal care, auto aftermarket, displays & standees, microbrewery & spirits, and private labels. It has its own distribution and sales network through which it provides products across the U.S. The company is specialized in various product lines, including corrugated, shippers, boxes, e-commerce boxes, bag-in-box applications, and QSR restaurants.

• TPS Rental Systems Ltd. - TPS Rental System Ltd was founded in 1998 and is based in Droitwich, UK. The company provides packaging solutions worldwide, specializing in various product segments such as bag-in-box liners, container fittings, intermediate bulk containers, and filing & discharge equipment. These products are manufactured using either plastic or steel materials. TPS Rental System Ltd also offers a range of other products, including aseptic containers, autofill systems, container tracking systems, IBC containers & tote boxes, IBC liners, and heated IBC containers. With operations in 10 global locations, including Denmark, the U.S., the UK, Germany, Finland, France, the Netherlands, Norway, Poland, Spain, and Sweden, the company serves a diverse range of industries, including industrial, food & beverage, retail supply chain, and environmental waste handling markets.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Bag-in-Box Container Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2023, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Bag-in-Box Container Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.