India Bag In Box Container Market Size & Outlook
India bag in box container market, 2017-2030 (US$M)
Related Markets
India bag in box container market highlights
- The India bag in box container market generated a revenue of USD 90.4 million in 2021 and is expected to reach USD 171.7 million by 2030.
- The India market is expected to grow at a CAGR of 7.4% 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 90.4 million |
| Market revenue in 2030 | USD 171.7 million |
| Growth rate | 7.4% (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, India accounted for 2.4% 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 60.95% in 2021. Horizon Databook has segmented the India 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 packaging market in India is expected to grow due to the increased demand from industries such as food & beverage, household and FMCG. India constitutes 4% of global packaging industry. Packaging is one of the highest growing industries in India and developing at a notable rate of over 12.60% annually.
Packaging is presently the fifth largest sector in India. The growth of the packaging industry in India is due to the changing demographics including increasing middle-class consumers, growing urbanization. New product changes taking place in packaging industry such as new packaging formats, sizes and use of different materials are expected to drive the market growth for vacuum packaging industry.
India is a key market for food & beverages industry owing to factors including increasing population and expanding middle class segment. The increasing young age population, high disposable incomes, changing consumption patterns, better standard of living, shift towards the consumption of alcoholic beverages and soft drinks is expected to drive the demand for bag-in-box container packaging market in food & beverage segment.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
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India bag in box container market size, by application, 2017-2030 (US$M)
India Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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