Liquid Packaging Market Outlook | High Business Opportunities Driving Hefty Growth till 2027
The Liquid Packaging Market is projected to reach USD 657.5 Billion by 2027, increasing at a compound annual growth rate (CAGR) of 4.9%% from 2020 to 2027.
Precedence Research has published a new report titled, “Liquid Packaging Market”, the report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
Packaging technology is used to protect the product from getting contaminated and damaged especially consumables such as food & liquid products. Liquid packaging demands the toughness of packaging materials, high seal integrity, and resistive to cracking, for avoiding the degradation and leakage of the products while delivery in complex transportation.
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.
Get the Sample Pages of Report for More Understanding@ https://www.precedenceresearch.com/sample/1142
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.
- 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
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.
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 key players operating in the market are 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, and Mondi PLC, among others.
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
- Rest of the World
This report provides:
- An overview of the global market for Liquid Packaging Market and related technologies.
- Identifications of new market opportunities and targeted promotional plans for Liquid Packaging Market market.
- Comprehensive company profiles of major players in the industry.
- Discussion of research and development, and the demand for new products and new applications.
- Analyses of global market trends, with data from 2016, estimates for 2016 and 2027, and projections of compound annual growth rates (CAGRs) through 2027.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
184.108.40.206. List of Suppliers
220.127.116.11. List of Buyers
Chapter 7. Global Liquid Packaging Market, By Packaging
7.1. Liquid Packaging Market, by Packaging Type, 2020-2027
7.1.1. Flexible (Sachets, Films, Pouches)
18.104.22.168. Market Revenue and Forecast (2016-2027)
7.1.2. Rigid (Bottles, Paperboard, Drums, Cans, Containers)
22.214.171.124. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Liquid Packaging Market, By Raw Material
8.1. Liquid Packaging Market, by Raw Material, 2020-2027
126.96.36.199. Market Revenue and Forecast (2016-2027)
188.8.131.52. Market Revenue and Forecast (2016-2027)
184.108.40.206. Market Revenue and Forecast (2016-2027)
220.127.116.11. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Liquid Packaging Market, By Technique
9.1. Liquid Packaging Market, by Technique, 2020-2027
9.1.1. Modified Atmosphere Packaging
18.104.22.168. Market Revenue and Forecast (2016-2027)
9.1.2. Aseptic Packaging
22.214.171.124. Market Revenue and Forecast (2016-2027)
9.1.3. Intelligent Packaging
126.96.36.199. Market Revenue and Forecast (2016-2027)
9.1.4. Vacuum Packaging
188.8.131.52. Market Revenue and Forecast (2016-2027)
Chapter 10. Global Liquid Packaging Market, By Autonomous Type
10.1. Liquid Packaging Market, by End-use, 2020-2027
10.1.1. Personal Care
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Food & Beverage
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4.1. Market Revenue and Forecast (2016-2027)
10.1.5.1. Market Revenue and Forecast (2016-2027)
10.1.6. Household Care
10.1.6.1. Market Revenue and Forecast (2016-2027)
Chapter 11. Global Liquid Packaging Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Packaging (2016-2027)
11.1.2. Market Revenue and Forecast, by Raw Material (2016-2027)
11.1.3. Market Revenue and Forecast, by Technique (2016-2027)
11.1.4. Market Revenue and Forecast, by End-use (2016-2027)
184.108.40.206. Market Revenue and Forecast, by Packaging (2016-2027)
220.127.116.11. Market Revenue and Forecast, by Raw Material (2016-2027)
18.104.22.168. Market Revenue and Forecast, by Technique (2016-2027)
22.214.171.124. Market Revenue and Forecast, by End-use (2016-2027)
11.1.6. Rest of North America
126.96.36.199. Market Revenue and Forecast, by Packaging (2016-2027)
188.8.131.52. Market Revenue and Forecast, by Raw Material (2016-2027)
184.108.40.206. Market Revenue and Forecast, by Technique (2016-2027)
220.127.116.11. Market Revenue and Forecast, by End-use (2016-2027)
11.2.1. Market Revenue and Forecast, by Packaging (2016-2027)
11.2.2. Market Revenue and Forecast, by Raw Material (2016-2027)
11.2.3. Market Revenue and...
Do you already have an account? Log in here