Aseptic Filling Technology in Bag-in-box Packaging Machines to Become More Popular for Food Processing
The global bag-in-box packaging machine market was valued at US$ 119.9 million in 2018. The market is forecast to expand at a CAGR of 5.4% during the forecast period, 2019-2027.
Bag-in-box packaging machines are capable of filling plastic pillow bags of capacity 1.5 liters to 25 liters or more. Automatic bag-in-box packaging machines are in high demand as they help increase the production quantity for any kind of beverage to aid the escalating demand. Bag-in-box is extensively used in the packaging of processed fruit juice and dairy products during the aseptic process. Pasteurized products packed in bag-in-box format are shelf stable and require no refrigeration. The low carbon foot print and extended shelf life of aseptic bag-in-box packaging machines offer more sustainable choices of packaging for various industries including dairy, juice, liquid eggs, and non-food items including certain chemicals and motor oil.
Asia Pacific is currently a prominent region in the global packaging machinery market, accounting for 38.4% of the global market share, and is further expected to expand with a CAGR of 7.8%, during 2019-2027, among all the regions. One of the major contributing factors for this, is the growth in demand for bag-in-box packaging machines in various applications such as food, pharmaceuticals, and consumer goods among others, especially in emerging economies.
Beverage industry advancing towards highly effective packaging solution offered by bag-in-box packaging and adoption of automation, propelling the bag-in-box machines market
In some of the largest wine drinking regions such as Europe and North America, bag-in-box containers are gaining foothold. U.S. is expected to be the largest consumer of bag-in-box containers in the world followed by France. Bag-in-box packaging machines will enjoy significant growth in the mature markets, while it will grow speedily in emerging markets. Bag-in-box are alternative packaging containers to traditional ones. Bag-in-box packaging has excellent environmental credentials as well. Bag-in-box is easier to transfer, store, and dispose off in regular waste collection. Bag-in-box provides various dispensing options for wine, juice, water, etc. Bag-in-box packaging uses 92% less plastic than pails. A bag-in-box container is around 88% corrugated box, which is totally recyclable.
Aseptic filling technology in bag-in-box packaging machine is mostly preferred than the non-aseptic filling technology. Aseptic filling technology increases the shelf life of the product packed inside and hence, is more popular than non-aseptic filling technology in bag-in-box packaging machine. Beverages will continue to represent over half of the global aseptic packaging market. Beverage aseptic packaging is expected to benefit from output growth along with increasing applications. This is due to cost effective and sustainability benefits of aseptic packaging. Aseptic packaging is also gaining traction in the food packaging market and is mostly driven by the availability of low particulate and pump-able food.
Beverage industry to witness relatively higher growth among other end-use industries during the forecast period
On the basis of beverage end use, the alcoholic segment is expected to witness lucrative growth and is valued at US$ 48 Mn by the end of 2018. Beverage end-use industries are progressively opting for customized bag-in-box packaging machine solutions for the packaging of wines to be able to stand out among other key players. As industries opt for automatic bag-in-box packaging machine solutions for improved efficiency in the bag-in-box packaging machine, it is expected that the automatic segment will witness an increased demand during the forecast period.
The beverages end-use segment is expected to be the most attractive segment during 2019-2027. Rapid industrialization is the key factor influencing the growth of the bag-in-box packaging machine market. The increasing demand for bag-in-box packaging machines in food and beverage end-use industries is expected to drive the bag-in-box packaging machine market. Some of the bag-in-box packaging machine manufacturers are looking for innovation and are investing in the packaging of the product while some are engaged in acquisitions and collaborations to expand their production business.
A bag-in-box container takes up only 5% of the space that a pail occupies when disposed of. The wine industry has witnessed a paradigm shift, since bag-in-box is introduced. Moreover, juice and other beverages to follow similar trend in the next half of the decade. Alcoholic beverages segment in bag-in-box market are expected to grow, owing to the wide range of practical bene?ts o?ered by the bag-in-box packaging machine technology.
On the basis of geography, India is expected to be the most attractive country followed by China in the bag-in-box packaging machine market. The US and Germany bag-in-box packaging machine markets being comparatively mature markets are expected to experience sluggish growth.
Key companies functioning in the global bag-in-box packaging machine market are Smurfit Kappa Group, DS Smith Packaging Ltd., Bosch Packaging Technology GmbH, Triangle Package Machinery Co., ABCO Automation, Inc, Rovema GmbH, IC Filling Systems, Sacmi Imola S.C, Voran Maschinen GmbH, TORR Industries, Kreuzmayr Maschinenbau GmbH, Flexifill Ltd, Terlet BV, and Gossamer Packaging Machinery.
In this report, Transparency Market Research offers an 8-year forecast of the global bag-in-box packaging machine market between 2019 and 2027. In terms of value, the global bag-in-box packaging machine market is expected to expand at a CAGR of 5.6% during the forecast period. The study reveals the dynamics of the bag-in-box packaging machine market in five geographic segments along with a market analysis for the current market environment and future scenario over the forecast.
This Transparency Market Research report studies the global bag-in-box packaging machine market for the period 2019–2027. The prime objective of this report is to offer insights and key market trends pertaining to the bag-in-box packaging machine market that are gradually helping transform global businesses.
The global bag-in-box packaging machine market report begins with an executive summary for various categories and their share in the bag-in-box packaging machine market. It is followed by the market dynamics and an overview of the global bag-in-box packaging machine market, which includes TMR analysis of market drivers, restraints, opportunity analysis, and trends that are affecting the growth of the market. Furthermore, to understand the popularity of the bag-in-box packaging machine segment, the attractiveness index and BPS analysis with elaborated insights on the same are provided. These will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the bag-in-box packaging machine market in each country and region, BPS and Y-o-Y growth analysis are provided.
The global market for bag-in-box packaging machine is further segmented as per machine type, filling technology, output capacity, automation capacity and end use. On the basis of machine type, the global market for bag-in-box packaging machine is segmented into integrated and standalone. On the basis of automation type, the global market for bag-in-box packaging machine is segmented into automatic and semi-automatic. On the basis of the output capacity, the global bag-in-box packaging machine market is segmented into up to 10 bags/min, 11-50 bags/min, 51-100 bags/min, and above 100 bags/min. On the basis of filling technology, the global bag-in-box packaging machine market is segmented on the basis of aseptic and non-aseptic. On the basis of end-use, the global bag-in-box packaging machine market is segmented into food, beverages, industrial products, household products, paints & lubricants, and healthcare & personal care.
The next section of the report highlights the bag-in-box packaging machine market by region and provides the market outlook for 2019–2027. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional bag-in-box packaging machine market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional bag-in-box packaging machine market for 2019–2027.
To ascertain the market size in terms of value and volume, the revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the bag-in-box packaging machine market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis of how the market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis- based on the supply side, downstream industry demand, and the economic envelope. Additionally, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyze the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the bag-in-box packaging machine market and identify the right opportunities across the market.
The market segments for the global bag-in-box packaging machine market have been analyzed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the bag-in-box packaging machine market. Another key feature of the global bag-in-box packaging machine market is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective. The overall absolute dollar opportunity along with the segmental split is mentioned in the global bag-in-box packaging machine market.
To understand key growth segments in terms of growth and adoption, Transparency Market Research has developed the ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report, the ‘dashboard view’ of the companies is provided, to compare the current industrial scenario and their contribution to the bag-in-box packaging machine market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the bag-in-box packaging machine marketplace.