Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium
Global Research on the liquid packaging market provides in-depth analysis of
segments and sub-segments in the global as well as regional liquid packaging
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional liquid packaging market over the short
term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global liquid packaging market. According
to the report, the global liquid packaging market is projected to grow at a
CAGR of 4.5% over the forecast period of 2021-2027.
The revenue generated by the market was
around USD 369 billion in 2021 and is expected to reach around USD 480 billion
in 2027. Liquid packaging consists of the materials and packaging formats that
are been used in the packing, transportation, and storage of liquids and
semi-liquids. Proper selection of liquid packaging is essential in order to
enable its proper transportation and long-term storage. It includes rigid
packaging formats such as bottles & containers and flexible packaging
formats such as films, stand-up pouches, squeezable tubes, cartons, and
bag-on-box. Liquid packaging can be in form of a single substrate or can be
multi-layered laminate as in the case of liquid cartons. They are been used in
packing both food products as well as non-food products such as chemicals.
Liquid packaging offers increased shell life, high recyclability, high
eco-friendliness, and is transport-convenient. Liquid packaging helps in
keeping the freshness of the products and plays a major role in protecting the
product from moisture. The COVID-19 outbreak had a significant impact on the
Liquid Packaging Market across the world in a positive way. The demand and
necessity for hygienic and safe packaging had increased during covid times. In
order to prevent the chance of being infected by the virus, most of the
end-user industries had demanded single-use plastic for packaging purposes.
During pandemic times most companies have used robotic packaging technology to
avoid contact and spread of viruses. During the pandemics, restaurants had
shifted to take-away and food deliveries during lockdowns as people were
restricted to move out of their houses, driving the demand for packaged food,
such as Frozen meat, fish, etc., had increased the demand for packaging. The
essential role played by a packaging company in the supply chain became readily
apparent when covid-19 began disrupting those supply chains
The increasing demand for the
application of plastics for beverage packaging because of its low cost as
compared to other materials such as glass and tin plates is likely to propel the
market growth. Furthermore, a large population moving towards urban areas is
expected to boost the growth of liquid packaging for supporting the
transportation of liquid products over long distances along with increasing
their shelf life. Furthermore, shifting toward renewable and innovative
packaging solutions is expected to provide growth opportunities for the global
liquid packaging market in the upcoming years. The rising concerns regarding
the disposal of plastic packaging products and strict government regulations
regarding plastic packaging products are expected to restrain the global market
growth
Among the regions, Asia-Pacific accounted
for the largest share of the global Liquid Packaging Market. Due to the
expansion and growth of the food and beverage industry, favorable government
policies for manufacturers, and the shifting of the production facilities by
the key players due to the low labor and operating costs. in Asia-Pacific has
seen significant growth in this region. Moreover, the changing lifestyle of its
residents makes Asia-Pacific one of the fastest-growing markets for liquid
packaging materials. However, the North American region is anticipated to grow
at the highest rate in the global Liquid Packaging Market over the forecast
period. The increasing demand for FMCG goods and growing demand for sustainable
as well as lightweight packaging is driving the growth of the North American
liquid packaging market.
The report on the global liquid packaging
market covers segments such as material, technology, packaging format, and
end-use industry. On the basis of material, the sub-markets include plastics,
glass, metal, and others. On the basis of technology, the sub-markets include
aseptic liquid packaging, blow molding, and form fill seal. On the basis of
packaging format, the sub-markets include flexible, and rigid. On the basis of
end-use industry, the sub-markets include food & beverage, personal care,
pharmaceutical, household care, and industrial.
The report provides profiles of the
companies in the market such as Smurfit Kappa Krones, Amcor plc, Tetra Laval
International S.A., Mondi, NIPPON PAPER INDUSTRIES CO., LTD, BillerudKorsnäs,
Evergreen Packaging L.L.C, ELOPAK, Uflex Limited, and Klabin S.A.
The report provides deep insights into the
demand forecasts, market trends, and micro and macro indicators. In addition,
this report provides insights into the factors that are driving and restraining
the growth in this market. Moreover, The IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of the liquid packaging market. Moreover, the study highlights current market trends
and provides forecast from 2021-2027. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.
Please Choose One of them.