NEWARK, Del, Aug. 04, 2022 (GLOBE NEWSWIRE) — As per IMF, the global bag-in-box filler market size is expected to grow from US$154.6 Mn in 2022 to US$261.6 Mn by 2032, exhibiting a CAGR of 5.4% throughout the forecast period (2022-2032).
Growing popularity of bag-in-box packaging and rising demand from industries like chemical and food & beverages are some of the ley factors propelling sales of bag-in-box fillers in the market.
Bag-in-box packages use boxes, pouches, and accessories to transport and distribute liquid products efficiently and without contamination. The pouch consists of a layer of film that is sealed together to protect the quality of the product and extend its shelf life. In order to fill these bag-in-box packages, manufacturers use bag-in-box fillers.
Increasing production and consumption of beverages like wine and beer is expected to create lucrative opportunities for bag-in-box filler manufacturers during the forecast period.
Demand is particularly rising across high wine producing countries like the US, Germany, Italy, and the UK Italy claims to be a major wine-producing country. It is estimated that 7 billion bottles of wine are produced in Italy. This surge in wine production is generating huge demand for machines like bag-in-box fillers and the trend is likely to continue during the forecast period.
Similarly, rising penetration of automation and advancements in bag-in-box filling machines will expand the global bag-in-box filler market size during the next ten years.
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Key Takeaways from Bag-in-Box Filler Market
- By automation, automatic bag-in-box filler segment is expected to grow at 5.7% CAGR during the forecast period (2022-2032).
- Based on end use, demand for bag-in-box fillers in beverages segment is likely to increase at 6.2% CAGR between 2022 and 2032, totaling around US$48.8n Mn by 2032.
- The bag-in-box filler market in China is expected to grow at the fastest CAGR of 7.5 over the assessment period.
- Demand for bag-in-box-fillers is expected to arise at 4.5% in the US market during the forecast period.
- With rapid industrialization and penetration of automation, bag-in-box filler market in India is poised to expand at 6.4% CAGR during the next decade.
“The tremendous expansion of global beverages market has provided a strong boost to the growth of bag-in-box fillers market across the world”– says the IMF Analyst
who is winning?
Leading players in the global bag-in-box filler market include A TriMas Company, Linapac, TORR Industries, Smurfit Kappa, Frain Industries, Flexifill Ltd, Machinery Automation, Xi’an Shibo fluid technology co., Ltd, Yantai Fushan Nanhua Packing Factory , Calmus Machinery, RECOPAK, SHRIJETA GLOBAL, Amcor plc, Scholle IPN, Optopack Ltd., Aran Group, DS Smith, Liquibox, ProFruit Machinery™, and SACMI Imola.
These key bag-in-box manufacturers are increasingly focusing on developing novel products with advanced features to meet the end users’ demands.
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Bag-in-Box Filler Market Report
Future market insights, in its new report, offers an unbiased analysis of the global market for bag-in-box market by automation (automatic and semi-automatic) by filling technology (aseptic filling and non-aseptic filling), by end use ( food, beverages, chemicals and homecare), across seven regions.
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The packaging division at Future Market Insights provides an in-depth historical analysis and projections for the next ten years and covers the competitive landscape through a unique dashboard view. Ranging from packaging materials, packaging machinery to packaging designs & formats, Future Market Insights has an exhaustive database for these industry verticals, serving clients with unique research offerings and strategic recommendations. With a repository of 1,000+ reports, the team has analyzed the packaging industry comprehensively in 50+ countries. The team evaluates every node of the value chain and provides end-to-end research and consulting services; reach out to explore how we can help.
Bag-In-Box Filler Market by Category
By Filling Technology:
- Aseptic Filling
- Non-aseptic Filling
By End Use:
- home care
- North America
- Latin America
- South Asia
- East Asia
- Middle East & Africa
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Table of Contents
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3.1. Market Dynamics
3.2. Impact of COVID-19
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