Overview and Scope
Liquid packaging refers to a packaging that is used for the storage of liquid products such as cream concentrates, fruit pulp, and any other liquid products. It refers to a multilayer package used to protect specific loads during transportation and packaging. They are preferred by manufacturers because they are durable and easy to brand and design.
Sizing and Forecast
The liquid packaging market size has grown strongly in recent years. It will grow from $475.82 billion in 2023 to $507.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to beverage industry growth, sustainability initiatives, e-commerce growth, packaging regulations, consumer behavior.
The liquid packaging market size is expected to see strong growth in the next few years. It will grow to $681.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to healthy lifestyles, food delivery services, reusable packaging, cosmetic and personal care, eco-friendly materials. Major trends in the forecast period include smart packaging solutions, single-serve and on-the-go packaging, smart city solutions, pharmaceutical liquid packaging, digital printing.
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Segmentation & Regional Insights
The liquid packaging market covered in this report is segmented –
1) Liquid Packaging Market By Packaging: Rigid, Flexible
2) Liquid Packaging Market By Technology: Blow Moulding, Form Fill, Aseptic
3) Liquid Packaging Market By Packaging Material: Polyethylene, Polypropylene, Polyethylene Terephthalate, Other Packaging Materials
4) Liquid Packaging Market By End User: Food and Beverage, Personal Care, Pharmaceutical, Household Care, Other End-Users
Top Major Players
Berry Global Inc.
Amcor Limited
Constantia Flexibles
Goglio S.p.A
Gerresheimer AG
North America was the largest region in the liquid packaging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the liquid packaging market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
Increasing demand for flexible packaging is significantly contributing to the growth of the liquid packaging market going forward. Flexible packaging refers to a type of packaging whose shape can readily be changed when filled or during use. Flexible packaging is mostly used in liquid packaging because it is easy to transport and it increases the durability of the product. For instance, in May 2022, according to an article shared by Sustainable Packaginig News, the demand for flexible packaging solutions is growing across the F&B business applications because of the fact that using flexible materials like aluminium for packaging solutions could result in 75% fewer carbon emissions than other alternatives. The use of flexible packaging for food goods is being considered by many food businesses. By 2028, it’s expected that the market would increase above its current estimated value of USD 390 billion thanks to new trends that are reshaping the flexible packaging sector portfolio. Therefore, increasing demand for flexible packaging is driving the growth of the liquid packaging market.
Key Industry Players
Major companies operating in the liquid packaging market include Berry Global Inc., Amcor Limited, Constantia Flexibles, Goglio S.p.A, Gerresheimer AG, Mondi PLC., ProAmpac Intemediate Inc, Sealed Air Corporation, Smurfit Kappa PLC, Tetra Laval, Evergreen Packaging, International Paper, The DOW Chemical Company, Billerudkorsnas AB, Reynolds Group Holdings Ltd, SIG Combibloc Group Ltd, Sonoco Pro, Comar LLC, Liqui-Box Corporation, Klabin Paper SA, Nippon Paper Industries Co, Scholle IPN, Bemis Company, Sealed Air, Winpak Ltd., Visy Industries, DS Smith, WestRock, Uflex limited, Comar
The liquid packaging market report table of contents includes:
1. Executive Summary
2. Liquid Packaging Market Characteristics
3. Liquid Packaging Market Trends And Strategies
4. Liquid Packaging Market – Macro Economic Scenario
5. Global Liquid Packaging Market Size and Growth
…..
32. Global Liquid Packaging Market Competitive Benchmarking
33. Global Liquid Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Liquid Packaging Market
35. Liquid Packaging Market Future Outlook and Potential Analysis
36. Appendix
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