According to the new market research report "Liquid Packaging Market Size, Share 2020 By Packaging Type: Flexible [Sachets, Films, and Pouches], Rigid [Bottles, Paperboard, Drums, Cans, and Containers]; By Raw Material: Paper, Plastics (PP, PET, and PE), Glass, Metal; By Technique: Modified Atmosphere Packaging, Aseptic Packaging, Intelligent Packaging, and Vacuum Packaging; By End-use: Personal Care, Food & Beverage, Chemicals, Pharmaceuticals, Petrochemicals, and Household Care" COVID-19 Impact on packaging Industry, Global Forecasts to 2027, published by Precedence Research, the global liquid packaging market is expected to reach USD 657.5 billion by 2027 from USD 449.49 billion in 2020, at a CAGR of 4.9% during the forecast period.
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The liquid packaging market has been forecast based on volume (kilo tons) and value (US$ Mn) from 2020 to 2027. The report analyses and forecasts the liquid packaging market at a global and regional level. The study provides an analysis of the period 2016-2027, wherein 2020 to 2027 is the forecast period and 2020 is considered as the base year. It also covers the impact of these drivers and restraints on the demand for bag-in-box containers during the forecast period. The report highlights opportunities in this market at the global and regional levels.
The report comprises a detailed value chain analysis, which provides a comprehensive view of this market. The Porter’s Five Forces model for the global market has also been included to help understand the competitive landscape. The study covers market attractiveness analysis, wherein resin types are benchmarked based on their market value, growth rate, and general attractiveness.
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.
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.
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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 favourable 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.
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.
Key Players & Strategies
The global liquid packaging industry is extremely competitive and a fast-moving consumer market owing to the 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 a 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 emerging regions such as Latin America and the 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, bags, and dispensing fitments to its global customers.
Some of the prominent players in the liquid packaging market include:
Tetra Laval International S.A.
Evergreen Packaging Inc.
International Paper Company
Nippon Paper Industries Co., Ltd.
The DOW Chemical Company
Smurfit Kappa Group
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
Food & Beverage
By Regional Outlook
Rest of the World
This report provides:
An overview of these global markets and related technologies.
Identifications of new market opportunities and targeted promotional plans for liquid packaging market.
Comprehensive company profiles of major players in the liquid packaging industry.
Discussion of research and development, and the demand for new products and new applications.
Analyses of global market trends, with data from 2017, estimates for 2016 and 2027, and projections of compound annual growth rates (CAGRs) through 2027.
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