Exploring the Growth Potential of the Liquid Packaging Market in the Coming Years

Rise in population, income level, and higher disposable income are the reasons for growing demand of liquid packaging in Asia-Pacific

The global liquid packaging market size is expected to reach $372.9 billion by 2030, registering a compound annual growth rate (CAGR) of 5.1%. The market is driven by increasing consumer demand for convenience and optimized transportation of liquid products, technological advancement in automated liquid packaging machines, and rising consumer awareness about food safety and hygiene. Furthermore, rapid urbanization and increasing demand for sustainable packaging are expected to drive the growth of the liquid packaging market in the upcoming years.

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Browse 106 market data tables and?53 figures spread through?186 pages and in-depth TOC on “Liquid Packaging Market by Packaging Type (Flexible, Rigid), Resin (Polyethylene, Polypropylene), End-use Industries (Food & Beverage, Industrial), Technique (Aseptic Liquid Packaging, Blow Molding, Form Fill Seal Technology) - Global Forecast"

The market size for liquid packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021. Growing demand for liquid packaging from the major end-use industries such as food & beverages, non-food, and industrial segment in emerging economies is driving the market.

New product development is the key strategy adopted by industry players to boost their growth in the liquid packaging market. This strategy accounted for a share of 30.0%, between 2011 and 2016, of all the growth strategies adopted by the market players. Rising demand for liquid packaging across various industries and new product developments by market players to expand their product portfolio is paving the way to fulfilling the ever changing demand from consumers. Besides new product developments, companies are investing in expanding their liquid packaging equipment manufacturing facilities in emerging regions across globe. Both merger & acquisitions and partnership/agreements/collaborations accounted for a share of 26.0% of all the developments witnessed between 2011 and 2016. Companies are also focusing on expansions since the last three years. This strategy accounted for 18.0% of all the strategic developments in the market.

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North America was the most active region from 2011 to 2016, in terms of strategic initiatives. Companies such as The Dow Chemical Company (U.S.), International Paper (U.S.), Tetra Pak International S.A. (Switzerland), Smurfit Kappa (Ireland), Mondi Plc. (Austria), and Sidel (Switzerland) made several mergers & acquisitions and new product launches in the region to expand their production capacity and portfolio for liquid packaging.

Major manufacturers such as The Dow Chemical Company (U.S.), International Paper (U.S.), 利乐 International S.A. (Switzerland), Smurfit Kappa (Ireland), and MONDI PLC . (Austria), Sidel (Switzerland), BillerudKorsn?s (Stockholm), Evergreen Packaging (U.S.), Elopak (Norway) and Weyerhaeuser Company (U.S.) are profiled in this report. These companies have adopted both organic and inorganic growth strategies.

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The Dow Chemical Company, International Paper, Tetra Pak International S.A., Smurfit Kappa, Sidel, and Mondi Plc. are the most active players in the global liquid packaging market.

Sidel is the most active player in the liquid packaging market. It accounted for the largest share of all the developmental activities undertaken in the liquid packaging market. As part of its strategy, the company focuses on expanding its liquid packaging business by investing in expansion activities and partnership/collaborations, specifically in emerging countries. The company invested to expand in India, Myanmar, Mexico, Argentina, Ethiopia, and others for liquid packaging market.

Another company that has established a strong foothold in the liquid packaging market is The Dow Chemical Company (U.S.). The company is focused on both organic and inorganic growth strategies. It also focuses on investing in R&D to develop innovative products and new technologies. In addition to this, the company collaborated with Takigawa Corporation (Japan), Darplus (Colombia), and Ampac (U.S.) to permit them to utilize its patented packaging technology called PacXpert.

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The market size for liquid packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021. Asia-Pacific is the leading market for liquid packaging, in terms of value, and the trend is projected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, Malaysia, Thailand, and Indonesia are witnessing a gradual increase in the use of liquid packaging in the end-use industries, namely, food & beverages, non-food, and industrial segment.

China leads the Asia-Pacific liquid packaging market due to the rise in the population and the rising economy. It is projected to be the fastest-growing market in the global liquid packaging market. Rapid development in the food & beverages industry in major economies, namely, China, India, and Japan, is vigorously pushing the demand for liquid packaging. Also, with growing health awareness and rising disposable income, the country is expected to remain the main hub for consumption of liquid packaging during the forecast period.

The growth of liquid packaging is mainly due to the increasing demand for these materials in packaging industry for various end-use industries such as food & beverages, non-food and industrial segment. Food & beverages is one of the fastest-growing end-use industries for liquid packaging products. Demands for reliability, good sealability, visual attractiveness, and good barrier properties along with long shelf life are essential for liquid packaging, thus driving the need of liquid packaging products in the food & beverages industry. In addition, governments of major economies, namely, the U.S., Germany, China, India, Brazil, and others are investing heavily in the liquid packaging sector and are focusing on health issues and use of renewable sources. The use of PET bottles for packaged drinking water and use of good quality and hygienic food packaging is also driving the market.

Polyethylene is projected to be the fastest-growing resin type used in the manufacturing of liquid packaging types globally. The use of high density polyethylene (HDPE) for PET bottles is gaining importance in the global liquid packaging market. The use of low density polyethylene (LDPE) for milk cartons and making polyethylene coated board is another factor driving the market. Packaging types manufactured using polyethylene further have considerable potential in the area of packaging liquids in non-food and industrial segments. Liquid packaging is used largely for different applications across various packaging applications placed in several end-use industries, ultimately driving the market.?

Flexible liquid packaging is the fastest-growing type of liquid packaging. Increasing benefits of flexible liquid packaging over rigid liquid packaging is causing a shift of the consumers towards flexible liquid packaging. Flexible liquid packaging is preferred as it is cost-effective, environment–friendly, and less prone to damage. Flexible liquid packaging is used in packaging of liquid products such as milk, sauces, soups, beverages, dairy products, spirit, wine, and others. It is also used in applications across various other non-food industries such as including medical & pharmaceutical, beauty & personal care, household care, and others, thus significantly driving the liquid packaging demand globally.