According to the market analysis report titled ‘Global Bag-in-Tube Market Size study, by Capacity (Less than 1000 ml, 1000 to 2000 ml, 2001 to 3000 ml, More than 3000 ml), by Product (EVOH Barrier + PE, Metallized PET), by End-Use (Wine, Spirit, Olive Oil, Fruit Juices, Others) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global bag-in-tube market accounted for USD 3.37 million in 2021 and is expected to reach a valuation of USD 15.07 million by the year 2028, recording over 13.1% CAGR during the study period.

The increasing demand for sustainable packaging solutions and ability of the technology to offer extended shelf life after opening the pack are some of the prominent factors driving the expansion of global bag-in-tube market.

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For the uninitiated, a bag-in-tube is a packaging solution for semi-liquids and high-end liquids including wine, maple syrup, spirits, and olive oil. It is a composite cardboard tube with a tinplate cap and base.

Modern package designs like bag-in-tubes and bag-in-boxes have been gaining significant popularity among millennials because they are convenient for storage and transportation, which further opens new markets for manufacturers all over the world. Moreover, advent of anti-counterfeit packaging as part of a shift away from glass-based packaging and toward plastic packaging materials is also adding traction to the overall market size.

Growing competition among the industry contenders, however, is likely to hamper the remuneration scope of this business vertical in the upcoming years.

Based on capacity type, the market is divided into 2001 two 3000 ml, 1000 to 2000 ml, less than 1000 ml, and more than 3000 ml. Moving on to the product landscape, the market is fragmented into metalized PET and EVOH barrier + PE.

Citing the end-user spectrum, the industry is categorized into fruit juices, olive oil, spirit, wine, and others.

Geographically, Asia Pacific bag-in-tube market is expected to grow substantially over the forecast period, ascribed to the growing packaging sector.

Meanwhile, Western Europe is estimated to continue accounting for the largest market in terms of both value and volume in the subsequent years.

The leading companies influencing the global bag-in-tube market are DS Smith plc, TEXA S.p.A., Sunpack Industries, Uline, Sks Packaging Private Limited, Master Packaging Inc., I.M.A. Industria Macchine Automatiche S.p.A., Tecnicam S.r.l., Parish Manufacturing Inc., Industri-Bag, and The Smurfit Kappa Group plc.