Bag-in-Tube Packaging Market Industry Insights By Application, Growth And Demand Forecast

The Bag-In-Tube Market Is Expected To Outperform Other Alternatives As A Single-Use Packaging System In The Global Flexible Packaging Landscape. Witnessing A Stupendous CAGR Of More Than 13.1%, The Global Bag-In-Tube Market Will Exhibit Remarkable Growth Between 2022 And 2029. Wine Packaging Would Remain A Prominent Segment Contributing To Revenue Growth Of The Global Bag-In-Tube Market, As Suggested By A New Future Market Insights (FMI) Report.

The global Bag-in-Tube market is expected to reach US$ 17.8 Mn by the year 2029 at a CAGR of 13.1% between 2022 and 2029

Some of the key features fuelling this growth are preference for bag-in-tube for its 360° area available for printing & embossing and ability to offer extended shelf life of up to 6 to 8 weeks after opening the pack. Metallized PET used in manufacturing bag-in-tube films structures meets customer needs in terms of mechanical resistance and oxygen barrier. The bag-in-tube market is expected to witness an impressive growth rate of 13.1% throughout the forecast period (2022-2029). High-end customization using spigot & handles and type of material used as barrier layers are some of the key trends in the bag-in-tube market.

Key Takeaways – Bag-in-Tube Market Study

·       Metalized PET will continue to be highly preferred in the bag-in-tube market, and is projected to capture more than 60% of the market share during the forecast period of 2019-2029.

·       Demand from manufacturers of wine and olive oil is collectively expected to hold around 80% of the global bag-in-tube market share by 2029, and its absolute growth is expected to be more than any other segment.

·       Western Europe is expected to dominate the bag-in-tube market, and is projected to register an impressive CAGR through 2019-29.

Manufacturers of bag-in-tube can achieve substantial profits by targeting wine and spirit manufacturers as these end users finding bag-in-tube as a lightweight, leak-proof and economical packaging alternative to glass.

Largely Untapped Markets Exist in Asia Pacific and MEA

Bag-in-tube packaging, which is the extended version of bag-in-box, is very new to some markets. While the market penetration of bag-in-tube is very high in Western Europe, it is somewhat low in North America. The largely profitable markets of Latin America and Eastern Europe, where bag-in-tube is in its introductory and developing stages, are the major producers and consumers of wine, offering a great opportunity for manufacturers of bag-in-tube packaging. APEJ, MEA, and Japan have almost a negligible penetration of bag-in-tube, making them highly profitable regions for manufacturers that aim to improve their market positions.

Bag-in-tube packaging is extensively used for packaging wine and spirits, followed by high-end vegetable oil (olive oil) in European countries. The global millennial population is estimated to surpass 30% mark by the end of 2025. Millennials are easily attracted towards innovative packaging like bag-in-tube and bag-in-boxes as they such packages easy to carry and store. This is expected to create lucrative opportunities for bag-in-tube manufacturers worldwide.

Key Segments Covered in Bag-in-Tube Industry Research

Bag-in-Tube Market by Capacity:

·       Less than 1000 ml

·       1000 to 2000 ml

·       2001 to 3000 ml

·       More than 3000 ml

Bag-in-Tube Market by Product:

·       EVOH Barrier + PE

·       Metallized PET

Bag-in-Tube Market by End-use:

·       Wine

·       Spirit

·       Olive Oil

·       Fruit Juices

·       Others

Key Questions Answered in the Report

·       How much is the Bag-in-Tube market currently worth?

·       What is the sales forecast for Bag-in-Tube through 2029?

·       What was last 7-year market CAGR for the sales of Bag-in-Tube?

·       Who are the key manufacturing companies for Bag-in-Tube?

GET DETAILED STUDY @ https://www.futuremarketinsights.com/reports/bag-in-tube-packaging-market