The market for liquid packaging is expected to grow at a CAGR of around 4.9% during the forecast period 2020 to 2027 and is predicted to hit around US$ 657.5 billion by 2027. This research report evaluates the liquid packaging market on a global and regional level. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global liquid packaging market for the period from 2016 to 2027.
The report provides the overall revenue of the global liquid packaging market from 2016 to 2027, considering 2020 as the base year and 2027 as the forecast year. The study includes drivers and restraints of the global liquid packaging market. The main goal of this research study is to offer a clear picture and a better understanding of the market to the manufacturers, traders, and suppliers operational in it. The readers can gain a deep insight into this market from this piece of information that can enable them to convey and develop critical approaches for the further growth of their businesses.
Market Was Valued In 2019: US$ 449.49 Billion
Market Is Projected To Grow By 2027: US$ 657.5 Billion
Compound Annual Growth Rate (CAGR): 4.9 percent
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- The Asia Pacific exhibits the highest demand for liquid packaging and accounted for around 40% value share in 2019 due to favorable government policies along with expansion in pharmaceutical and food & beverage sectors
- North America expected to grow at a moderate rate over the forecast period owing to rising implementation of paper-based products over other harmful materials
- In terms of packaging type, rigid packaging emerged as a dominant segment because of its extensive use for packaging solutions in pharmaceutical drugs and beverages industry
- Prominent growth of flexible packaging over the upcoming years is mainly due to its light weight, low transportation cost, and flexibility in the size & shape of the package
- Based on raw material, plastics led the global liquid packaging market and accounted for more than half of the value share in the year 2019 owing to its excellent properties
- Paper segment likely to exhibit significant growth over the coming years owing to its excellent properties that include better environmental protection and high recyclability
Increasing technological advancements in packaging standards for the delivery of wide range of products in order to maintain the quality and freshness of the packed products is the major factor that augments the growth of liquid packaging market. Further, rising utilization of packaging products for marketing purpose is the prime factor that is responsible for the increasing demand of the liquid packaging products. Changing lifestyle habits along with rising health consciousness among consumers likely to drive the demand for FMCG products that includes juices and fitness drinks or functional drinks that in turn impacts the demand for liquid packaging positively over the coming years.
Besides this, increasing concern for environment safety expected to hamper the growth of liquid packaging in the coming years owing to increasing penetration of non-renewable plastics over other materials. Nonetheless, some of the packaging materials used for liquid packaging such as paper and glass are biodegradable, renewable, and environment-friendly that attracts large number of manufacturers to meet the stringent government regulations for environmental safety.
Key Players & Strategies
The global liquid packaging industry is extremely competitive and a fast moving consumer market owing to prominent focus of brand managers towards developing new and advanced products to create product differentiation. This approach from the companies will help them to maintain their competitive edge on the global scale. Furthermore, these market players are significantly focusing on collaboration, partnership, and in-licensing agreements in order to launch new and advanced products in the emerging regions such as Latin America and Asia Pacific.
For instance, in February 2020, Liquibox signed an agreement to acquire the plastic division of DS Smith plc to strengthen its dispensers and flexible packaging business. With this acquisition, the company has also expanded the range of films,bag, and dispensing fitments to its global customers.
Some of the prominent players in the liquid packaging market include:
- Comar LLC
- Tetra Laval International S.A.
- Liqui-Box Corporation
- Evergreen Packaging Inc.
- International Paper Company
- BillerudKorsnäs AB
- Nippon Paper Industries Co., Ltd.
- Klabin Paper
- The DOW Chemical Company
- Smurfit Kappa Group
- Mondi PLC.
The Asia Pacific expected to be the most opportunistic market during the forthcoming years owing to increasing trend for packaged foods along with rising demand for functional drinks. Rising awareness among consumers related to health problems and measure to prevent them plays an important role in trigger the demand for packaged foods and drinks. Thus, the aforementioned factor expected to boost the growth of liquid packaging over the forecast period. In addition, prominent rise in the pharmaceutical and food & beverage industries also expected to propel the growth of the liquid packaging. Packaging of liquid drugs & medicines are a critical aspect and expected to trigger the demand for advanced packaging solutions so that the product can remain safer for longer time duration.
On the other hand, Europe held more than 20% of value share in global liquid packaging market in the year 2019. The significant growth of the region is mainly driven by the large production of wine & spirits and cosmetic products that in turn require suitable packaging solution to ensure the safe storage and transportation of the product. Hence, significant demand for wide range of packaging solutions from these end-use industries estimated to impel the market in the region during the analysis period.
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Segments Covered in the Report
This research study comprises complete assessment of the market by means of far-reaching qualitative and quantitative perceptions, and predictions regarding the market. This report delivers classification of marketplace into impending and niche sectors. Further, this research study calculates market size and its development drift at global, regional, and country from 2016 to 2027. This report contains market breakdown and its revenue estimation by classifying it on the basis of packaging type, raw material, technique, end-use, and region:
By Packaging Type
By Raw Material
- Modified Atmosphere Packaging
- Aseptic Packaging
- Intelligent Packaging
- Vacuum Packaging
- Personal Care
- Food & Beverage
- Household Care
By Regional Outlook
- North America
- Asia Pacific
- South Korea
- Rest of the World
The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The liquid packaging report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.
Why should you invest in this report?
If you are aiming to enter the global liquid packaging market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for liquid packaging are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2020-2027 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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