Market revenue in 2021 | USD 94.3 million |
Market revenue in 2030 | USD 175.0 million |
Growth rate | 7.1% (CAGR from 2021 to 2030) |
Largest segment | Food & beverage |
Fastest growing segment | Industrial Liquids |
Historical data | 2017 - 2020 |
Base year | 2021 |
Forecast period | 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 |
Food & beverage was the largest segment with a revenue share of 61.08% in 2021. Horizon Databook has segmented the Brazil 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.
Packaging industry in Brazil is expected to grow due to the increased demand from industries such as food & beverage, pharmaceutical. Growing urbanization coupled with changing lifestyles of the consumer is expected to drive the growth of bag-In-box container industry over the forecast period.
The growth of the bag-In-box container industry in Brazil is due to the increasing investments in manufacturing sectors. The changing lifestyle of people, and increased consumption of packaged food is expected to extend the market growth over the forecast period.
Brazil is emerging to be one of the fastest and largest market for food & beverages industry owing to the high growth potential in this country. Economic instability of the country played a major role affecting manufacturing sector however the country emerges to dominate the growth in this region.
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