Acumen Research and Consulting, recently published report “Bag-in-Box Packaging Machine Market - Global Industry Analysis, Size, Share and Forecast, 2019 - 2026”.
LOS ANGELES, May 18, 2019 (GLOBE NEWSWIRE) -- The Global Bag-in-box Packaging Machine Market size is estimated to grow at CAGR above 5.2 % over the forecast time frame 2019-2026 and reach the market value around USD 160 million by 2026.
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Packaging machines with bag-in boxes are capable of filling bags with capacity of 1.5-25 liters or more of plastic pillow. Automatic packaging machines are in high demand because they help to increase the quantity of production for any type of beverage in order to increase demand. Bag-in-box is widely used during the aseptic process for packaging processed fruit juice and milk products. Pasteurized bag-in-box products are stable in shelf conditions and do not require any cooling.
In the world market for packaging machinery Asia Pacific currently represents 38.4 percent of worldwide market share, and is expected to expand further in all regions by CAGR of 7.8 percent during 2019-2026. The demand for bag in-box packaging machines is one of the main contributors to this, particularly in emerging economies, with a growth in diverse applications such as food, pharma and consumer products.
Bag-in-box containers gain foothold in some of the largest wine-drinking regions like Europe and North America. The United States is expected to be the world's largest bag-in-box consumers and France. In the mature markets, bag-in-box packaging machines will grow significantly, while in the emerging markets. Bag-in-box containers are alternative to traditional packaging. The packaging with bag-in-box also has excellent environmental credentials. In regular waste collection the bag-in-box is easier to transfer, store and dispose. Bag-in-box offers various wine, juice, water etc. dispensing options.
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In bag-in-box packaging machines, aseptic filling technology is preferred in most cases over non-aseptic filling. Aseptic filling is more popular than non-aseptic filling technology on the bag-in-box machine and therefore increases the shelf-life of the product packed in it. Drinks will remain more than half the world market for aseptic packaging. The growth in output and growing applications for beverage aseptic packaging are expected. This is because aseptic packaging has cost-effective and sustainability benefits. Aseptic packaging is also gaining traction in the market for food packaging and is mainly driven by low particulate matter and pumpable food.
The alcoholic segment is expected to grow at a lucrative rate based on beverage end-use and will be estimated at US$ 48 million by the end of 2018. The beverage end use industries gradually opt for custom bag-in-box solutions for packaging wines, so that they can distinguish themselves between other important operators. As the industries opt for bag-in-box machine solutions for improved performance in the bag-in-box packaging machine, an increase of demand is expected in the automatic segment during the prediction period.
It is expected that in 2019-2026 the beverage end-use segment is the most attractive segment. The growth of the market for bag-in-box packaging is influenced by rapid industrialisation. The growing demand for bag-in-box packaging machines for end-use food and beverage industries should drive the market for bag-in-box packaging machines. Some of the manufacturers of the bag-in-box machine look for innovation and invest in product packaging while others take over and collaborate to broaden their production business.
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Only 5% of the room of a pail when a bag-in-box container is disposed off. Since bag-in-box is introduced, the wine industry has seen a paradigm shift. In addition, in the next half of the decade juice and other drinks will follow the same trend. Due to the many practical advantages offered by the bag-in-box packaging machine technology, alcoholic beverages in the bag-in-box segment will grow.
India is expected to be the most beautiful country in the bag-in-box packaging machine market, following China, on a geographic basis. The bag-in-box machine market in the United States and Germany is expected to have slow growth, due to the relatively mature market conditions.
Key Players & Strategies
Key companies functioning in the global market are Smurfit Kappa Group, DS Smith Packaging Ltd., IC Filling Systems, ABCO Automation, Inc, TORR Industries, Flexifill Ltd, Terlet BV, Rovema GmbH, Sacmi Imola S.C, Voran Maschinen GmbH, Bosch Packaging Technology GmbH, Kreuzmayr Maschinenbau GmbH, and Gossamer Packaging Machinery.
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