China Bag In Box Container Market Size & Outlook
China bag in box container market, 2017-2030 (US$M)
Related Markets
China bag in box container market highlights
- The China bag in box container market generated a revenue of USD 281.7 million in 2021 and is expected to reach USD 574.4 million by 2030.
- The China market is expected to grow at a CAGR of 8.2% from 2022 to 2030.
- In terms of segment, food & beverage was the largest revenue generating application in 2021.
- Industrial Liquids 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 281.7 million |
| Market revenue in 2030 | USD 574.4 million |
| Growth rate | 8.2% (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 |
Other key industry trends
- In terms of revenue, China accounted for 7.5% 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 Asia Pacific, China bag in box container market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 169.5 million by 2030.
Food & beverage was the largest segment with a revenue share of 63.68% in 2021. Horizon Databook has segmented the China 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.
Growth in the production units in the region is expected to open new scope for industry growth over the projected period. China is one of the major consumer market for food and beverage products across the globe owing to the increasing population and high disposable incomes.
The shift in Chinese consumer behavior, growing local competition, fragmented distribution, rising dual income, growing concerns for healthy food, growing taste for foreign food stuff have contributed to the growth of food & beverage sector.
Increasing demand for flexible packaging in food & beverage and household industries is expected to drive the market share for bag-in-box container over the forecast period. Quest for better standard of living, hygiene and health consciousness and shift to protein rich and organic foods are expected to drive demand for bag-in-box container industry over the forecast period.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
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China bag in box container market size, by application, 2017-2030 (US$M)
China Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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