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In 2019, The Global Bag In Tube Market Was Valued At US$ 220 Mn In 2019 And Is Expected To Witness A CAGR Of 14% Over The Forecast Period (2020-2028).
A gradual shift has been witnessed from mass production to innovative and specialized brand packaging across the globe. Growing efforts to revolutionize customer experience, environmental protection is also bringing shifts in the industry. Bag-in-tube is an emerging and an innovative packaging concept for semi-liquids and high-end liquids.
The global bag-in-tube market size is expected to witness growth during forecast period owing to increase in demand for premium wines, spirits, and other high-end beverages. Bag in tube Market is expected to grow owing to increase in demand for premium wines, high-end beverages and spirits. These factors are expected to boost the growth of bag-in tube market during the forecast period.
It is expected that global millennial population would surpass 30% mark by the end of 2025. Millennials are attracted towards innovative packaging such as bag-in-tube as these packages are easy to carry and store. These are expected to create opportunities for bag-in-tube manufacturers across the globe.
Market for online retailing continues to grow rapidly and the consumption of food, beverages and pharmaceuticals on-the-go is significantly growing. Optimization of shipping weight and space is of paramount importance, thereby boosting the demand for bag-in-tube for packaging of various beverages. Moreover, a number of market players
are investing in light weight packaging and customization which contributes to the growth of bag in tube market during the forecast period.
By Application Type, Wine Packaging Is Expected To Hold Largest Market Share In Bag In Tube Market
Wine packaging accounted for the largest share of xx% in the global bag in tube market in 2019. Wine packaging is expected to offer lucrative opportunities and it holds more than half of the market share in terms of value and volume.
High demand for wine in developing countries is expected to boost the growth of bag in tube market. Application of bag-in-tube in wine packaging accounts for a major share of the total revenue. Moreover, beverage sector is booming and is expected to boost the demand of various drinks such as fruit juices, wine and others. Preference towards on-the-go culture and high demand for ready to drink beverages will provide boost to the bag in tube market.
By Product Type, Metallized PET Expected To Exapand At Rapid Pace During The Forecast Period During The Forecast Period
Metaliized PET accounted for a share of xx% in 2019 and is expected to remain dominant during the forecast period. Bag in tube packaging is commonly made up of metallized PET and it continues to remain dominant during the forecast period. Metallized PET offers various benefits such as glossy feel, durability over conventional alternatives. Majority of product formats sold have been made up of metallized PET.
In contrast to this, demand for EVOH barrier +PE products is expected to grow strong in future. Effective barrier properties and light weight properties of these products are accounting for a strong growth in the future.
Asia Pacific Bag In The Tube Market Is Anticipated To Expand At Rapid Pace during the Forecast Period
Wine producing countries in Western Europe and North America have rapidly adopted bag-in-tube packaging for their product offerings. However, bag-in tube packaging is very new to some markets. Asia Pacific region has less penetration of bag-in-tube packaging and hence these regions are expected to be profitable in years to come. Wine-producing countries in Western Europe and North America have rapidly adopted bag-in-tube packaging for their wine offerings will dominate the global bag-in-tube market.
Manufacturers are also focusing on both mid- and low-income countries. Premium products in small packaging are gaining traction and significant momentum. Moreover, wine producers and other end users are also utilizing bag-in-tube packaging for product promotion.
Profitable markets of Latin America and Eastern Europe are the major producers and consumers of wine, offering a great opportunity for manufacturers of bag-in-tube packaging.
Smurfit Kappa Group, Industri-Bag of Cape Town, Parish Manufacturing, CAM, IMA, Master Packaging Inc, SKS, Uline, Sunpack are the key players in the bag in tube packaging market.
By Capacity Type:
- Less than 1000 ml
- 1000 to 2000 ml
- 2001 to 3000 ml
- More than 3000 ml
By End Use:
- Olive Oil
- Fruit Juices
- EVOH Barrier + PE
- Metallized PET
- North America
- Latin America
- Asia Pacific
- Middle East & Africa