Liquid Packaging Market is expected to Observe Considerable Growth Opportunities to 2030.
The global liquid packaging market size is anticipated to register a compound annual growth rate of 5.7% between 2022 and 2030 and reach an approximate value of USD 547.3 billion in 2030.
Liquid packaging is used to protect consumables like beverages, semisolid meals, and liquids from damage and microbiological contamination during storage and transportation. Liquid packaging aids in the preservation of freshness while also protecting the product from moisture. The packaging improves the product's tear, scuff, and puncture resistance. To prevent breaking, degradation, and leakage in transportation, food and liquid items such as water, dairy products, shampoos, fruit juices, syrups, grease, cooking oil, and motor oil are packaged in robust materials with high seal integrity. It is environmentally friendly, recyclable, has a longer shelf life, and transportable. Liquid packing offers support and protection without adding to the product's weight. People can now buy more and more things because of the capacity to ship products fast around the world. Because of the increased import and export of goods from many nations, liquid packaging for protective products has become popular. It shows that the market has a lot of potential during the forecast period.
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?Liquid packaging is widely used in a variety of industries, including pharmaceuticals, cosmetics, beverages, and food product packaging. The liquid packaging industry is boosted by these industries' enormous consumer bases and high transportation requirements. These industries use liquid packaging to transport and store their products. The packaging provides dependable strength while also preventing product contamination. These industries' products are sensitive to contamination and must be safeguarded. The pharmaceutical industry's pharmaceuticals, the food and beverage industry's food items, and the cosmetic industry's cosmetic products are all particularly susceptible to contamination. The product determines the type of liquid packaging. A single substrate or multi-layered laminate can be used in liquid packing. Liquid packaging is used for packaging both non-food and food goods, such as chemicals.
The rapid growth in demand for packaged FMCG and beverage products can be attributed to an increase in disposable income and a shift in lifestyles. The growth in wealth instills a sense of luxury in people's lifestyles, causing them to spend more money on expensive and luxurious products. Technological advancements in packaging technologies drive the market's expansion. The introduction of high-tech packaging equipment has improved the package's efficacy, as well as its precision and durability. The process has taken less time as a result of this innovation. Customers can purchase liquid-packaged consumer goods through E-commerce platforms. Customers' purchase experiences have been made easier thanks to these platforms, which has resulted in increased consumption. Topical solutions, over-the-counter medications, personal care products, and household care products are among the items available. Furthermore, the advantages of liquid packaging include convenient packing, lower food packaging costs, preservation of freshness, reduction of material waste, better food shelf life, and package customization,
which boosts the liquid packaging market even further. The technique's cost-effectiveness is driving more demand for liquid packaging. The expanding population in emerging economies is a key driver for the market in the foreseeable future.
Bio-based polymers are being used in place of traditional petroleum-based polymers by manufacturers. The increasing number of replacements on the market is a major market limitation. Concerns about the disposal of plastic packaging products and tight government regulations have slowed the growth of the worldwide liquid packaging industry. Carbon footprints are becoming increasingly popular, posing a threat to the market because they limit the need for liquid packaging.
Techniques, packaging material, package type, end-use industry, and region have all been used to classify the global market for liquid packaging. The liquid packaging industry is split into three categories based on techniques: blow molding, aseptic liquid packaging, and form fill seal technology. The aseptic liquid packaging category is expected to account for the majority of the market share. The segment's growth contributes to the increasing use of aseptic packaging in the beverage industry. To keep the products packed from becoming contaminated, aseptic packaging is employed. Aseptic liquid packaging allows food makers to keep the flavor, maintain product quality and safety, and distribute and store a wide range of items at room temperature without refrigeration, resulting in less food waste. Furthermore, lighter, more compact packaging reduces transportation costs and improves transportation and inventory efficiency. Pharmaceutical medicines, food ingredients, and other items commonly use this style of packaging. Low-density polyethylene is the most used material for aseptic liquid packing (LDPE). LDPE polymers have several advantages, including lightweight, inexpensive, and simple to carry.
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The liquid packaging market is divided into polyethylene terephthalate, polypropylene, polyethylene, and others (Polystyrene, Polyvinyl Chloride (PVC), Vinyl) based on packaging material. Low-density polyethylene and high-density polyethylene make up the polythene section. Polythene is one of the most widely used packaging materials in the world, with substantial amounts produced annually in several nations. The polythene segment accounts for the majority of the liquid packaging market worldwide. Polythene is a substance created from ethylene monomer polymerization. Polyethylene has the chemical formula (C2H4)n. Plastic packaging's increasing use in the pharmaceutical, food, beverage, and personal care industries is credited with the increase. Polythene is utilized to keep the product dry while also protecting it from environmental conditions. The polypropylene segment is also showing significant growth in the liquid packaging market. This is due to polypropylene's high melting point and chemical resistance, which makes it ideal for hot-fill liquids.
The market is divided into two types of packaging: flexible liquid packaging and rigid liquid packaging. Films, stand-up pouches, and bag-in-box are several types of flexible liquid packaging. Carton, paperboard, plastics & PET bottles, glass, and cans are the several types of rigid liquid packaging. The rigid liquid packaging sector is expected to have the largest share in the liquid packaging industry. The increased usage of PET bottles for liquid products such as alcohol, water, beverages, carbonated drinks, and dairy products is to blame. The use of alcohol and beverages is increasing as people's lifestyles change, which enhances the transportation and storage of these products. The use of rigid liquid packaging became necessary as a result, and the market grew at a significant pace.
The global liquid packaging market is divided into three categories based on end-use: food & beverages, non-food, and industrial. The food and beverage segment accounts for the majority of the market. The increase is due to rising demand for beverages and food goods in both developing and developed countries. The segment's main driving force is the rise in packaged food demand around the world, as well as the thriving food sector. In addition, the increasing usage of carton packaging for dairy products is expected to boost segment growth in the near future. Paperboard packaging also contributes to the segment's revenue growth. The e-commerce sector in both developed and developing regions is a major driving force for the market. E-commerce makes it easy for people to locate and purchase goods. The pandemic of COVID-19 has increased the usage of e-commerce for food delivery and purchasing. The growth of the industry has increased the demand for liquid packaging for food storage and transportation.
The liquid packaging market is anticipated to grow at a CAGR of 5.7% between 2022 and 2030 and reach USD 547.3 billion by 2030.???
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Market Segmentation
Because of the rising packaging sector around the world, the global liquid packaging market is predicted to rise rapidly during the forecast period. The increasing development of the food and beverage, pharmaceutical, and cosmetics industries, particularly in developing countries, is likely to boost demand for liquid packaging. Furthermore, the benefits of flexible packaging and the capacity to keep food fresh and extend its shelf life drive demand for liquid packaging.
The liquid packaging market is divided into North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America, based on region. The fastest-growing region in the industry is North America. Due to growing disposable income and changes in purchasing patterns, the United States is the most important country contributing to the development of the market in the region. The existence of superior technology in the region is a critical factor in the region's industrial development. The expansion of the North American liquid packaging industry is attributed to increased demand for packaged food and durable packaging. Liquid packaging meets all of the needs of the region's food industry and raises demand for liquid packaging. The availability of highly skilled workers is also a major driving force in the liquid packaging business in North America.
The Asia Pacific region holds a significant share of the market. The rise in the usage of liquid packing can be linked to countries like India, China, Malaysia, Thailand, Indonesia, and Japan. The expansion of the food and beverage and pharmaceutical industries is a major driver of market expansion. The presence of India's massive pharmaceutical sector is also propelling the market in the region. The region's market is also being driven by advantageous government regulations for manufacturers and low labor and operating expenses.
Key Players
Key industry participants in the liquid packaging market are Mondi Group (UK), Billerudkorsnas AB (Sweden), Tetra Pak International S.A. (Switzerland), International Paper (US), The DOW Chemical Company (US), Amcor Limited (Switzerland), Berry Global (US), Constantia Flexibles (Austria), Gerresheimer AG (Germany), Sealed Air Corporation (US), ProAmpac (US), SIG Combibloc Group Ltd. (Switzerland), Sonoco Products Company (US) and NIPPON PAPER INDUSTRIES CO., LTD. (Japan).
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Recent Developments
Mondi (UK), a global leader in packaging and paper, teamed up with Thimonier, a French machine supplier, to develop a recyclable packaging system that lowers the amount of plastic waste.
Tetra Pak (Switzerland), a leading food packaging and processing company, partnered with Elvir which is a subsidiary of Savencia Fromage & Dairy, launched a cap using certified recycled polymers to find economically sound use for plastic waste and responsibly sourcing raw materials, and minimize their dependency on virgin, fossil-based resources.
Sealed Air Corporation (US), a globally leading packaging company, announced the acquisition of Foxpak, a leading provider of sustainable flexible packaging, to accelerate growth through innovative technology and business strategies with smart packaging advancements.
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