Asia Pacific Bag In Box Container Market Size & Outlook
Asia Pacific bag in box container market, 2017-2030 (US$M)
Related Markets
Asia Pacific bag in box container market highlights
- The Asia Pacific bag in box container market generated a revenue of USD 632.1 million in 2021.
- The market is expected to grow at a CAGR of 7.8% from 2022 to 2030.
- In terms of segment, food & beverage was the largest revenue generating application in 2021.
- Household Products is the most lucrative application segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 632.1 million |
| Market revenue in 2030 | USD 1,239.1 million |
| Growth rate | 7.8% (CAGR from 2021 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Household Products |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Food & Beverage, Industrial Liquids, Household Products |
| Key market players worldwide | Amcor PLC, Smurfit Kappa Group PLC, DS Smith PLC, SIG Group AG Ordinary Shares, Liqui-Box, CDF Corporation, Accurate Box Company, TPS Rental Systems, Aran Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 16.8% of the global bag in box container market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,239.1 million by 2030.
Food & beverage was the largest segment with a revenue share of 64.67% in 2021. Horizon Databook has segmented the Asia Pacific bag in box container market based on food & beverage, industrial liquids, household products covering the revenue growth of each sub-segment from 2017 to 2030.
Asia Pacific is expected to emerge as the fastest growing market for bag-in-box container owing to the increased per capita income, coupled with industrialization. Rapid growth of bag-in-box container in end use industries household, food & beverage, industrial liquids industry is expected to drive the market over the forecasts period.
Asia Pacific region is one of the key regions of development for manufacturing sector owing to factors including burgeoning economies, greater spending power, more youthful populations, increased urbanization, growth of the FMCG markets and a rising interest in health and wellness is expected to increase the market growth for bag-in-box container industry over the forecasts period.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
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Asia Pacific bag in box container market size, by country, 2017-2030 (US$M)
Asia Pacific Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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