Market revenue in 2021 | USD 279.2 million |
Market revenue in 2030 | USD 498.7 million |
Growth rate | 6.7% (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 |
Food & beverage was the largest segment with a revenue share of 66.19% in 2021. Horizon Databook has segmented the France 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.
Increasing trend of the consumption of the environment friendly products is expected to increase the demand for bag-in-box container over the forecasts period. However, rising unemployment rate, reduction in the expenditure for food & beverage products by the consumers in the country is expected to hamper the growth in the market over forecasts period.
The increased use of packaging in food & beverage industry is expected to drive the demand for the market over the forecast period. The packaging market of alcoholic drink is showing positive trends in recent years which can help bag-in-box container packaging market to grow in that segment.
Increasing environmental concern in people coupled with rising purchase of recyclable packaging material is expected to benefit the market growth. Increasing demand for organic material, rise in demand for environmentally sustainable packaging product is expected to drive the demand over the forecasts period.
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