Albany, NY -- (SBWire) -- 07/05/2018 --A new detailed study titled "Bag-in-Box Containers Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024" has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). The bag-in-box containers market is likely to grow at a CAGR of 6.3% during the assessment period 2017-2024, according to the research study.
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According to the research study, demand for bag-in-box containers is influenced by both macroeconomic and microeconomic factors. Manufacturers are focusing on introducing novel features in bag-in-box containers, such as aseptic liner bags and changeable liner bags. The surging demand from quick service industry is also likely to provide an impetus to the growth of the market during the assessment period.
Although the research study has a positive outlook on the bag-in-box containers market, the growing popularity of cubitainers is likely to pose challenges to the growth of the market during the assessment period. Cubitainers are economical and end-users are preferring these packaging materials over bag-in-box. These factors are likely to reduce the demand for bag-in-box containers over the course of the forecast period.
In a bid to offer detailed insights on the bag-in-box containers market, the research study offers segment-wise analysis and forecast. The report segments the global bag-in-box containers market into end-use market, received order type, material and region market. The end-use segment is further divided into food & beverages, liquid foods, industrial liquid products, non-alcoholic beverages and household products. The received order type segment is bifurcated into customized order and standard order. The material segment is categorized into low density polyethylene, ethylene vinyl alcohol, ethylene vinyl acetate and others.
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Geographically, the market is divided into key regions globally which are Europe, North America, Middle East & Africa, Latin America and Asia Pacific. According to the business intelligence study, Asia Pacific is likely to be one of the leading markets for bag-in-box containers market. China and India are likely to be the leading markets for bag-in-box containers in Asia Pacific. In addition to Asia Pacific, North America and Europe are also likely to be key regions for bag-in-box containers market during the assessment period.
The report profiles some of the leading players operating in the market. Some of these players are Smurfit Kappa Group, Amcor Limited, Scholle IPN, Vine Valley Ventures LLC, TPS Rental Systems Ltd, DS Smith, Liqui-Box, CDF Corporation, Parish Manufacturing Inc. and Optopack Ltd.
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Bag-in-Box Containers Market to Grow at 6.3% CAGR Through 2024, According to a Latest Study
The surging demand from quick service industry is likely to provide an impetus to the growth of the market during the assessment period