According to Acumen Research and Consulting, the global Bag-in-box Packaging Machine market is expected to grow at noteworthy CAGR around 5.2 % throughout the forecast period and reach around US$ 160 million by 2026.
Automatic bag-in-box packaging machines are linked with control systems to form a full automated line for the faster production of bag-in-box containers. Many manufacturers favor semiautomatic bag-in-box packaging machines as they are best suited for limited production. Semi-automatic mode for bag-making machines, bag fillers, cartoners and bag inserters are types.
The report provides analysis of global market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
By type of machine, the packaging machine bag-in-box market is separated and integrated independently. The highest share is represented by standalone packaging machines. Standalones are automatic or semi-automatic machines that, without depending on any other machine, forms a packaging machine bag-in-box line. An integrated bag-in-box packaging machine consists of one single packaging line, with simulation software or control systems connected to all the operations. All operations include the forming of the bag, filling, cardboarding, case builders and bag insers & sealers are carried out by the integrated bag-in-box packing systems.
The alcoholic sector is expected to experience lucrative increase based on drink end use and is valued at US$ 48 million by the end of 2018. Drinking end-use industries are gradually choosing custom packaging machine solutions for wine packaging to stand out among other key players. As industries choose automatic bag-in-box solutions for bag-in-box packaging machines to improve efficiency, automatic markets are expected to be in demand during the period of forecasting.
Europe has the highest population of wine drinkers, and most wine producers pack their wines in bag-in-box formats. In terms of price, convenience and quality, Bag-in-box packaging formats offer more diverse options than traditional bottles. The automated bag-in-box storage device industry is maturing in advanced nations such as the US, Germany, France, the UK, and Italy, and is anticipated to experience small to mild development over the prediction era. Automated bag-in-box machines for higher output and efficiency are most often used. Bag-in-box alternatives are used end-use by meat, drinks, agricultural goods, family goods, lacquer and lubricants, as well as medical and personal care. It is estimated that, in 2018, the semi-automated bag-in-box packaging machines sector represented both in value and in volume the highest market share.
During the prediction era, the European bag-in-box storage device industry is projected to have a CAGR of more than 5 %. In order to attain higher features, safe processing and efficiency, there have been strong demands of automation in bag-in-box machinery. In order to help supply customers with an enhanced shelf life for the item, device companies in Europe focus on aseptic filling technique in the bag-in box system.
The semi-automatic bag-in-box packaging machines are used in limited production by most of the local beverage manufacturers in Europe. The move from semi-automatic packaging machines to fully automated packaging machine solutions means that more automation is achieved, including machine vision, security control and even remote surveillance. The demand for bag-in-box packaging machines in the European region is expected to affect all these factors. Based on PC Control Technology, a Belgian bag-in-box packaging machine manufacturer, Pattyn Packaging balances its performance and costs. For product packagings, including food, oil, greases and liquid sugar, the Company manufactures fully automatic packagings for packagging, which are hygienically packaged using the packaging bag-in-box.
The market for bag-in-box machines in the Asia Pacific represents the highest value of CAGR. It is estimated that over the forecast period, the Asia Pacific packaging machinery market will record a CAGR of approximately 7 %. Asia is quickly upgrading the packaging machinery industry due to industrialization and urbanisation. In the merging countries in Asia, such as China, India and Malaysia, many manufacturers and brand owners have succeeded. Due to the growing demand for quality products, India's packaging machine market is anticipated to be the most expanding in the forecast period.
More than 25 years ago, Aseptic bag-in-box technology was developed to meet food and beverage industry's needs for prolonged shelf lives. Aseptic filling expertise ensures transfers of processed components with neutral pH areas such as milk, and particularly sensitive products. In the last five years, the aseptic packaging business in Asia has risen from 19% to 27%. Increasingly, bag-in-box applications include food services, food, catering and coffee dispensers. The most important segment in the aseptic pouch market is the use of B2B, such as beverage and fruit processing.
Global Bag-in-box Packaging Machine Market, By Machine Type
Global Bag-in-box Packaging Machine Market, By Automation Type
Global Bag-in-box Packaging Machine Market, By Output Capacity
Global Bag-in-box Packaging Machine Market, By Filling Technology
Global Bag-in-box Packaging Machine Market, By End Use
Global Bag-in-box Packaging Machine Market, By Geography
The market research study on “Bag-in-Box Packaging Machine Market - Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026” offers detailed insights on global Bag-in-box Packaging Machine market segments with market dynamics and their impact. The report also covers basic technology development policies.
An overview of the market and its main concerns is a comprehensive analysis of the global market. Market dynamics encompasses drivers, restraints and opportunities to simplify the behavior of the market. A thorough study into the products and geographic segments that would help to understand current market trends is presented in the Section on Market Segmentation. The analytics from Porter's Five Force could be useful in determining market profitability for strategists. The cost of the purchaser to switch a Bag-in-box Packaging Machine product is low and the supplier has low negotiating power. Bag-in-box Packaging Machine products are less varied and the threat of new entrants is increasing. The threat of substitutes increases with low cost change for consumers and the accessibility of alternative therapies. Many competitors are present on the market and industrial rivalry is intense.
Key Players & Strategies
Key companies functioning in the global market are Smurfit Kappa Group, DS Smith Packaging Ltd., IC Filling Systems, ABCO Automation, Inc, TORR Industries, Flexifill Ltd, Terlet BV, Rovema GmbH, Sacmi Imola S.C, Voran Maschinen GmbH, Bosch Packaging Technology GmbH, Kreuzmayr Maschinenbau GmbH, and Gossamer Packaging Machinery.