Introduction to Smart Bag-in-Box Packaging Systems
With new smart bag-in-box packaging systems machines are now capable enough to fill pillows bags with a capacity of 15 to 20 liters per second. These systems are in high demand owing to their increased production capacity any kind of beverages. This aids in fulfilling the escalating demands of packaged beverages. Bag-in-box is extensively used in the packaging of fruit juice and dairy products during the aseptic process.
The global bag-in-box packaging machine market is worth US$119.9 bn in 2018 and is expected to grow with a CAGR of 5.4% by the end of 2027 says various studies.
The Beverage Sector to Lead the Global Bag-in-Box Systems Market
As a result of increasing industrialization, the market is likely to see this tremendous growth in the forecast period. Also, the extensive demand for bag-in-box packaging machine market in various regions across the globe in the beverage industry is promoting the growth of global bag-in-box packaging systems market in the forecast period.
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Major Companies Profiled in this Research based on Current and Future Business Overview, Financial and Strategical data, Product Landscape, and SWOT Analysis:
Some of the major players of 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, and Rovema GmbH.
During the forecast period, Asia Pacific is likely to dominate the other region in the global bag-in-box systems market during the forecast period. Previously the region grew with a CAGR of 38.4% in bag-in-box packaging machine market perspective. It is likely to show the same passion for growth in the forecast period. Asia Pacific is likely to exhibit the CAGR of 7.8% from 209 to 2027. The reason that this region is growing with such pace is the rise in the demand of bag-in-box packaging machines market in various applications of various segments of the global bag-in-box packaging machine market.