Summary
The global Bag In Tube Packaging Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
The bag-in-tube packaging concept is a product that uses cylindrical tubers for fluid transfer. The tubes are filled with a fluid such as medical fluid, human urine, or even food products like gelatin. Some of the other common examples for the liquid present inside the tube are, ointments, caulking, and toothpastes. To produce the full bag in a very short period, numerous cylindrical tubes are manufactured on a roll stock and are attached together with clamps. Once secured, they can be rotated 180 degrees and the liquid inside them is transferred into another tube attached on the other end to be transported to a series of processing lines.
Market Dynamics
Launch of wine in a tube’ concept is expected to propel growth of the global bag-in-tube packaging market over the forecast period. For instance, in April 2020, Waitrose, in collaboration with an Italian producer, Orion Wines, launched recyclable ‘wine in a tube’ that can contain the equivalent of 3 glass bottles.
Increasing consumption of fermented fruit or vegetable juices is expected to offer lucrative growth opportunities for players in the global bag-in-tube packaging market. For instance, in February 2020, according to a study Qualisud, Univ La Réunion, France, in February 2020, consumption of lactic fermented fruit or vegetable juices can improve intestinal tract health, enhance the immune system, synthesize and reduce the risk of certain cancers and cardiovascular diseases.
Decrease in production of wine is expected to hinder growth of the global bag-in-tube packaging market. For instance, according to the International Organization of Vine and Wine, the world’s total wine production in 2019 was estimated to be 263 million hectoliters, a drop of 10% compared to 2018. Moreover, increasing preference for bag-in-box packaging is also expected to limit the market growth. For instance, in October 2020, a research by Smurfit Kappa in collaboration with Wine Intelligence found that Bag-in-Box wine attracted 3.7 million new consumers in France and the U.K. during April 2020-October 2020.
Key Takeaways
- Launch of wine in a tube’ concept is expected to propel growth of the global bag-in-tube packaging market over the forecast period
- Major players operating in the global bag-in-tube packaging market are focused on adopting M&A strategies to enhance their market share. For instance, in March 2019, Smurfit Kappa Group (SKG) acquired Bulgarian corrugated board and packaging manufacturer Balkanpack.
- Major players operating in the global bag-in-tube packaging market include, Smurfit Kappa Group PLC, Industri-Bag Pty (Ltd.), and Grafica Rovellosa SL
The Bag In Tube Packaging Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Bag In Tube Packaging Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Smurfit Kappa Group
- Industry-Bag
- ...
By the Product Type, the market is primarily segmented into:
- EVOH Barrier + PE
- Metallized PET Film
By Applications, the market is segmented into:
- Wine
- Spirit
- Olive Oil
- Fruit Juices
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Bag In Tube Packaging Market Report:
- To assess the size of the market by value and volume
- Analyze the Bag In Tube Packaging Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Bag In Tube Packaging Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Bag In Tube Packaging Market
The Bag In Tube Packaging Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Bag In Tube Packaging Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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