Canada Bag In Box Container Market Size & Outlook
Canada bag in box container market, 2017-2030 (US$M)
Related Markets
Canada bag in box container market highlights
- The Canada bag in box container market generated a revenue of USD 155.3 million in 2021 and is expected to reach USD 298.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 7.5% 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.
Bag in box container market data book summary
| Market revenue in 2021 | USD 155.3 million |
| Market revenue in 2030 | USD 298.7 million |
| Growth rate | 7.5% (CAGR from 2021 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Household Products |
| 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 |
Other key industry trends
- In terms of revenue, Canada accounted for 4.1% of the global bag in box container market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. bag in box container market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 298.7 million by 2030.
Food & beverage was the largest segment with a revenue share of 68.77% in 2021. Horizon Databook has segmented the Canada 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.
The increasing food related expenditure by the consumers on recreational activities coupled with rising social acceptance is expected to increase the demand for packaged alcoholic beverage products. However, reduction in the consumption of household products owing to the changing consumer preference is expected to hamper the market growth over the forecasts period.
The demand for the bagin-box container is expected to grow in Canada owing to the increasing alcohol consumption by consumers coupled with various packaging designs offered by manufacturers. The increasing retail market coupled with increased product adoption by the consumers in the economy is likely to drive the market growth for bag-in-box containers over the forecasts period.
The increasing consumption of the beer by consumers in the region is expected to drive the bag-in-box container market growth over the forecasts period. Rising demand for industrial product such as oils, greases, lubricants coupled with increase in imports & exports and sales is expected to increase the market growth for over the forecasts period.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada bag in box container market size, by application, 2017-2030 (US$M)
Canada Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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