BANGALORE, India | 22nd November 2020: The Liquid packaging market is segmented by Material (Paperboard, Plastics, Glass, Metal, and Others), Technology (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal), Packaging Format (Flexible, Films, Stand-up Pouches, Bag-in-box, Rigid, Carton, Paperboards), and End-user (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others. It also covers Global Opportunity Analysis and Industry Forecast to 2027. This report is published on Valuates Reports in the Industrial Materials Category.
The global liquid packaging market size was valued at USD 331.8 billion in 2019 and is projected to reach USD 463.2 billion by 2027, registering a CAGR of 4.5% from 2020 to 2027.
Major factors driving the growth of liquid packaging market size, increase in demand in the food & beverage and pharmaceuticals industries, rise in concerns regarding the disposal of plastic packaging products and stringent government regulations regarding plastic packaging.
TRENDS INFLUENCING THE LIQUID PACKAGING MARKET
Food & beverage, cosmetics, and pharmaceutical industries have one of the world’s largest customer bases, and these industries are the main end consumers of liquid packaging. Increased disposable income and lifestyle changes have affected consumption habits, leading to higher demand for packaged soda goods and other FMCG products. E-commerce sites also cater to a consumer product that uses liquid packaging. It includes personal care products, cosmetics, over-the-counter medications, topical solutions and household care products. Also, e-commerce co-packers are requesting custom packaging strategies that reduce lead time. The increasing demand from food & beverage, cosmetics and pharmaceutical industries is expected to drive the size of the liquid packaging.
The fast-paced lifestyle, as well as enhanced convenience of bottled beverages compared to other packaging types, such as glass bottles, is another major driver of the growth of liquid packaging market size.
The growing demand for eco-friendly packaging is driving the demand for liquid packaging market size. Liquid carton packaging is increasingly preferred due to its recyclability and environmentally friendly features.
LIQUID PACKAGING MARKET SHARE ANALYSIS
Based on end-user, the food & beverage segment accounted for the largest liquid packaging market share in 2019. The pharmaceutical segment is the fastest-growing segment due to the growing pharmaceutical industry.
Based on packaging format, the rigid liquid packaging segment accounted for the liquid packaging market share in 2019 due to the abundant use of both glass and plastic bottles and containers.
Asia-Pacific is expected to hold the largest liquid packaging market share. This dominance of Liquid packaging market share is attributed to the presence of countries such as India and China that have a vast consumer base for food & beverages, and other end-users of liquid packaging. Furthermore, rapid population growth in countries such as India, China, Pakistan, Thailand and Indonesia, coupled with growing disposable per capita incomes, has led to the rapid growth of the liquid food industry, which in turn, is driving the growth of the liquid packaging market.
North America and Europe are mature markets with early customer adoption of processed food. The liquid packaging market share in these regions are expected to witness steady growth.
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KEY MARKET SEGMENTATION
- Polyethylene Terephthalate
- Aseptic Liquid Packaging
- Blow Molding
- Form Fill Seal
By Packaging Format
- Stand-up Pouches
- Bottles, Jars, Cans & Tubes (largest)
By End User
- Food & Beverage
- Personal Care
- Household Care
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
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