Bag-in-box Container Market Worth $4.80 Bn by 2025 | Cagr: 6.3%

Wednesday 29 November 2017, Amsterdam

Bag-in-box Container Market Worth $4.80 Bn by 2025 | Cagr: 6.3%

 

The global bag-in-container market size is expected to reach USD 4.80 billion by 2025, according to a new report by Grand View Research, Inc. The industry is expected to witness significant rise owing to increasing demand for the product in the household segment. Increasing demand for the product for packaging alcoholic beverages coupled with ease of product handling is expected to drive growth over the forecast period.

Rising consumption of the product in the household segment owing to the launch of various innovative packaging types coupled with reduced product prices in comparison to other available substitutes is anticipated to propel growth. In addition, the rise in the use of biodegradable and environmental-friendly material for manufacturing the product is likely to propel growth.

Global players capture majority of the revenue share for the product. The production capacities of existing players are high and the products are sold through established distribution networks. In addition, the use of advanced and innovative product technologies by manufacturers to gain a competitive advantage is likely to trigger the industry growth.

Notable changes in consumer lifestyle and growing inclination toward the use of high priced bag-in-box container for packaging products such as wine and beer are likely to result in rising demand. In addition, the use of high-quality products to improve product barrier properties and declining product cost are likely to increase the market growth over next eight years.

Smart TV Market- 2014 - 2025

Smart TV Market- 2014 - 2025

Publish date : October 2017
Report code : ASDR-430704
Pages : 137

ASDReports.com contact: S. Koomen

ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
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