Albany, NY -- (SBWIRE) -- 05/23/2018 -- Market Research Hub (MRH) has freshly announced the inclusion of a study titled "Bag-in-Box Containers Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024" to its vast research repository. This 172-page research study provides comprehensive insights into the current as well as future growth prospects for the market. Apart from that, the study highlights the drivers, restraints, and opportunities expected to influence market's growth during the forecast period. This descriptive study provides the estimated market size of bag-in-box containers for 2016 and forecast for the next eight years. The market size has been provided in terms of revenue and volume.

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In order to provide a comprehensive view, the report analyzes current and forecast demand for bag-in-box containers in the major regions including Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. According to the study key highlights, the sales of bag-in-box containers is estimated to be valued at US$4,587.7 million by the end of 2024. By value, the global bag-in-box containers market is anticipated to expand at a CAGR of more than 6.3% during the forecast period of 2017 to 2024.

Factors Fueling Market Growth

About Bag-in-box containers, it has been clearly stated in the study that it provides improved hygiene and safety features in addition to greater convenience in packaging, storage, and transportation and low space utilization. In recent times, the introduction of additional features to containers, such as aseptic liner bags and changeable liner bags has also given a significant push to the market growth.

Despite various factors, a major fact about the market identified in the study includes the introduction of cubitainers as an alternative to bag-in-box containers is anticipated to dampen the sales of the latter. The advantages of cubitainers over conventional bag-in-box containers are many, which poses a severe threat to the bag-in-box containers market. The report further also adds that the surging demand for bag-in-box containers for wine packaging is expected to help overcome growth restrictions and provides steady rise to the market.

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Moreover, the study has categorized the market on the basis of major categories including end-user, material type, order type and region. In terms of geography, the study finds that growing demand for bag-in-box containers is likely to boost the Asia Pacific market, with countries such as China and India emerging as major contributors to the growth of the regional market. By end-use, food and beverages industry, household applications, and industrial liquids packaging companies have been explained. Of these, the food and beverages sector dominates the global bag-in-box containers market.

At last, the competitive landscape section of the report highlights few of the key players in the bag-in-box containers. They are Amcor Limited, CDF Corporation, TPS Rental Systems Ltd, Optopack Ltd, Smurfit Kappa Group, DS Smith, Liqui-box, and Scholle IPN.

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