The bag-in-box packaging machine market is anticipated to record a healthy CAGR during the assessment period of 2020-2030. The rising influence of bag-in-box packaging machines across a large number of end-users such as industrial products, food, beverages, lubricants, paints, household products, personal care, healthcare, and others will bring good growth opportunities across the forecast period of 2020-2030.
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Bag-in-box packaging machines perform the function of filling plastic pillow bags in different capacities. The advantages associated with the functionality of these machines bring profitable growth opportunities. The expanding usage of bag-in-box packaging machines in various applications will also add extra stars of growth. The machines are available in different output capacities mainly 10 bags/min, 11-50 bags/min, 51-100 bags/min, and above 100 bags/min.
Rapid Industrialization to Lay a Red Carpet of Growth
The influence of industrialization is penetrating deeply across numerous countries around the world. The rising number of foreign investments in developing economies like India and China are also responsible for the rise in industries. These aspects will prove to be fruitful for the growth of the bag-in-box packaging machine market.
Beverages to Fuel the Growth Prospects across the Bag-In-Box Packaging Machine Market
The overwhelming utilization of bag-in-box packaging machines in the thriving beverage industry will emerge as a robust growth-generating factor. The increasing popularity of beverages and the inclining preference for aseptic filling technology across the beverage industry will bring immense growth prospects for the bag-in-box packaging machine market. Furthermore, the advancements in these machines by the players will also help in increasing the revenues.
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Some well-established players in the bag-in-box packaging machine market are Gosammer Packaging, Triangle Package Machinery Co., Alfa Laval, Smurfit Kappa Group PLC, TORR Industries, IC Filling Systems, ROVEMA GmbH, Bosch Packaging Technology, Inc., and DS Smith PLC.