Global Liquid Packaging Market size is forecast to reach around $430.5 billion by 2025, after growing at a CAGR of 5.2% during 2020-2025. Liquid packaging materials are food safe and suitable for liquid products such as cream concentrates or fruit pulp or any other liquid form. These products are designed with a distinctive folding technique which certifies that packaging is undeniably leak-proof and uses a recyclable coating system (RCS), which offers the highest barrier performance. Technological advancement and increasing demand for the packaged food materials are forecasted to remain key growth drivers. Whereas, the growing food & beverage industry coupled with rising population globally further drive the market growth.
Liquid Packaging Market Segment Analysis – By Type
The rigid packaging segment hold the largest share of more than 60% in the global market in 2019 owing to the wide use of PET bottles for liquid products such as water, carbonated drinks, alcohol, beverages, and dairy products. Whereas, the paper packaging segment is projected to witness a highest CAGR of 7.5% during the forecast period due to growing demand for environmentally sustainable products. Furthermore, the properties of paper packaging like wide availability, low weight, printability, high mechanical strength, reuse, and recycling after use makes it suitable for the use of various liquid products. Whereas, the growing awareness about environment safety, various liquid product manufacturers have inclined their focus towards the eco-friendly packaging products, which in turn drives the demand for paper type packaging.
Request for Sample of the Report @ https://www.industryarc.com/pdfdownload.php?id=16449
Report Price: $ 4500 (Single User License)
Liquid Packaging Market Segment Analysis – By Process
The Aseptic liquid packaging segment hold the largest share of more than 40% in the global Liquid Packaging market in 2019 and is projected to grow at a significant rate during the forecast period. This growth is attributed to the growing uses of aseptic packaging for the packaging of beverages, personal care, and pharmaceutical liquid products. Whereas, Low-density polyethylene (LDPE) is the most common material used for aseptic liquid packaging. As, LDPE plastics are affordable, lighter weight, and they are easy to ship affordably. Furthermore, the companies operating in the global market are adopting various key strategies like collaborations, mergers, strategic partnerships and acquisitions for expansion and strengthen their position in the global market. For example, in June 2019, Lothamilk Joint Stock Company made an agreement with SIG Combibloc Group Ltd. for the expansion of its portfolio of milk with aseptic technology and cartoon packs to increase distribution throughout Vietnam.
Liquid Packaging Market Segment Analysis – By Packaging Material
The Resin segment hold the largest share of more than 40% in 2019 and is projected to witness a significant growth in the global Liquid Packaging market during the forecast period. This growth is attributed due to increasing use of plastics packaging across food & beverage, pharmaceutical, and personal care industry. Furthermore, the thermoseal-ability, microwave-ability, optical, and unlimited sizes and shape properties of the resin-based packaging makes it suitable to use for the liquid products. Moreover, surging demand for PP packaging I also contribute to the market growth. As, Polypropylene (PP) has good chemical resistance and a high melting point property making it good for hot-fill liquids.
Liquid Packaging Market Segment Analysis – By End-User
The food & beverage segment hold the largest share of more than 35% in 2019 and is projected to grow at the fastest CAGR of 7% in the global Liquid Packaging market during the forecast period. This growth is attributed to growing demand for liquid food and beverage products from the developed and developing nations. Moreover, surging uses of carton packaging for dairy products and paperboard packaging is also contribute to the market growth. Besides, the growth of the e-commerce sector in the developed and developing regions is driving the growth of this segment during the forecast period.
Liquid Packaging Market Segment Analysis – By Geography
Among the regions, the APAC region holds the largest share of more than 40% in 2019 and is projected to witness a highest CAGR of around 13% in the global Liquid Packaging market followed by North America and Europe during the forecast period. Asia-Pacific dominated liquid packaging market driven by higher usage of liquid packaging materials in major economies such as China, India, Japan, South Korea, Malaysia, Thailand, and Indonesia. Demand and scope for liquid packaging materials in these nations are also expanding at significant rate driven by the changing life style of its residents making Asia-Pacific fastest growing market in terms of size and share for liquid packaging materials during the period of study.
Liquid Packaging Market Drivers
Increasing demand for flexible packaging
Since the origin of the flexo-offset printing and sample packaging, the flexible packaging sector has been disrupted towards acquiring astonishing potential. Additionally, the flexible packaging industry is also growing owing to its individualities such as lightweight, flexibility, easy to dispose, ease of mobility, and minimal space requirement. Owing to such developments and economical traits, the flexible packaging market has found a tremendous scope of application for liquid products. Surging uses of stand-up-pouches further drive the growth of flexible packaging. As, liquids products require packaging that can be successfully filled, stored, and transported, all while retaining the product’s quality. The stand-up pouches for liquid meet all of these criteria. Furthermore, during shipment the rigid plastic and glass containers have a higher rate of breakage, hence flexible packing products like pouches are becoming more popular because they are less likely to burst.
Growing demand for environmentally friendly packaging carton
Consumers are looking for environmentally friendly packaging solutions and is also expected to be a driving force in the demand for liquid packaging cartons. In addition, the recyclability of carton products decreases urban waste and long-term manufacturing costs. The aseptic cartons are made mainly of paperboard, with thin plastic and aluminum layers. Such cartons help preserve food without adding preservatives for a long period of time. Whereas, the population growth in the Asia-Pacific region, increase in disposable income, and stable economic growth further drive the demand for packaging cartons that in turn drive the liquid packaging industry. Furthermore, Aseptic packaging is the preferred material in the beverage industry. These cartons eliminate the need for preservatives and ensure that the food is preserved over a substantial period of time.
Talk to one of our sales representative about the full report by providing your details in the link below:
Liquid Packaging Market Challenges
Environmental concern regarding single-use packaging products
The stringent regulations of European Union pressurized manufacturers to submit data regarding the long-term health impact of Liquid Packaging products, particularly hormonal effects and contributions to antibiotic-resistant bacteria in order to ascertain the safety of these packaging products. This combined with increasing stringency worldwide regarding the over counter single use packaging products will hinder the market growth. Mostly liquid products are coming with plastic and glass packaging. The low recycling rate of single-use personal care bottles is a major concern for the increasingly environmentally aware consumers. This will impact the Liquid Packaging market as well and could lead to a slow phasing out of these single-use products from market.
Liquid Packaging Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Liquid Packaging market report. In 2019, the market of Liquid Packaging top 10 companies accounting for xx% of the share. Major players in the Liquid Packaging Market industry outlook are Tetra Pak International S.A., Smurfit Kappa, Mondi PLC, Weyerhaeuser Company, Billerudkorsnas AB, The DOW Chemical Company, International Paper, Sidel, Evergreen Packaging, SIG, and Elopak, among others.
In March 2019, ExxonMobil introduced polyethylene (PE) polymers for high-quality flexible food and liquid packaging at the recent Chinaplas 2019 show in Guangzhou.
In November 2019, SIG acquired Visy Cartons a subsidiary of Pratt Consolidated Holdings Pty Ltd, for AU$70 million ($48.65 million). The acquisition enabled SIG to further support its existing customers in Asia who have invested into or partnered with players in Australia and New Zealand.
In January 2017, Uflex launched aseptic liquid packaging brand, ASEPTO produced with a combination of paperboard, aluminium foil, and an innermost layer of polyethylene.
In the North America region, in 2019, the USA is the major market for Liquid Packaging owing to growing consumer packaged goods market.
E-commerce is also considered as a key factor contributing to the usage of packaging products globally.
Evolution of the natural and environment-friendly packaging materials for liquid products is driving the market growth.
The global COVID-19 pandemic has toppled the various industry verticals like food & beverage and industry. Companies are facing supply challenges, shifting consumer demands, and other dynamics. This unparalleled environment is driving significant change across the industry and hampering the global market growth in positive as well as negative way.
Related Reports :
A. Rigid Plastic Packaging Market
B. Extrusion Coating Market
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to email@example.com to discuss more about our consulting services.