North America Bag In Box Container Market Size & Outlook
North America bag in box container market, 2017-2030 (US$M)
Related Markets
North America bag in box container market highlights
- The North America bag in box container market generated a revenue of USD 1,105.3 million in 2021.
- The market is expected to grow at a CAGR of 6.9% 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.
- Country-wise, Canada is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 1,105.3 million |
| Market revenue in 2030 | USD 2,022.1 million |
| Growth rate | 6.9% (CAGR from 2021 to 2030) |
| Largest segment | Food & beverage |
| Fastest growing segment | Household Products |
| Historical data covered | 2017 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 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, North America region accounted for 29.3% of the global bag in box container market in 2021.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,239.1 million by 2030.
Food & beverage was the largest segment with a revenue share of 69.31% in 2021. Horizon Databook has segmented the North America 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.
North America has emerged a key market for bag-In-box containers owing to presence of major food and beverage manufacturing companies and multi-tiered supply chains in this region. The market in the U.S. holds a major share in the region owing to consumer trends, demographics thereby driving the market over the forecasts period.
The bag-in-box container market is expected to grow in the North American region owing to the rising growth of the packaging industry in Mexico. The growth of the soft drink beverage packaging industry in Mexico is expected to benefit the market growth for bag-in-box container in this region.
Moreover, an increase in health concerns post COVID-19 with demand for hygienic products is likely to drive the growth of the North American bag-in-box containers market over the forecast period. The presence of major food & beverage companies, including PepsiCo Inc., Tyson Food Inc., and Kellogg’s Co, is expected to augment the growth of the North American market.
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Bag In Box Container Market Scope
Bag In Box Container Market Companies
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North America bag in box container market size, by country, 2017-2030 (US$M)
North America Bag In Box Container Market Outlook Share, 2021 & 2030 (US$M)
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