The Global Liquid Food Packaging Market is valued at USD 362.33 billion in 2022 and is projected to reach a value of USD 515.28 billion in 2030 expanding at a CAGR of 4.5% over the forecast period of 2022-2030.
Liquid packaging generally consists of the material and the packaging formats that are used in packaging, transportation, as well as storage of liquids and semi-liquids.
The proper selection of liquid packaging has been essential in order to enable its proper transportation and long term storage. It mainly includes of rigid packaging formats such as bottles and containers, and flexible packaging format such as, films, stand-up pouches, squeezable tubes, cartons, as well as bag-on-box.
Also, the liquid packaging can be of a single substrate or it can be multi-layered laminate as in case of liquid cartons.
Key Market Trends:
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising demand for food packaging.
There is also a rise in the market growth because of the rising demand in the food and beverages as well as pharmaceuticals industries. These have been the largest consumer base industries and are also the major end users of liquid packaging.
Additionally, e-commerce co-packers have demanded for customized packaging solutions that reduce lead time. This has boosted the market growth over the forecast period.
Also, the shift toward renewable and innovative packaging solutions have provided lucrative opportunities to the market growth over the forecast period.
The incorporation of nanoparticles in food contact materials also have the potential to provide a new technological spur in the global liquid food packaging market over the forecast period.
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Segmental analysis of the Market:
Based on Material type
- Paperboard
- Plastic
- Glass
- Metal
- Others
The plastic segment has dominated the market growth over the forecast period. This is because of its superior properties over other materials.
Based on Packaging Type
- Flexible
- Rigid
The rigid segment has dominated the market growth over the forecast period.
Based on Technology
- Aseptic liquid packaging
- Blow molding
- Form fill seal
The aseptic liquid packaging has dominated the market growth over the forecast period. This is because of the demand in the food and beverages and pharmaceutical sterile liquid packaging.
Asia Pacific is anticipated to amplify at a considerable CAGR
The Global Liquid Food Packaging Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the vast consumer base in the main countries such as, India and China for the end user liquid packaging industries.
Competitive Landscape:
Some of the prominent companies operating in the market are
- Comar LLC
- Tetra Laval International S.A.
- Liqui-Box Corporation
- Evergreen Packaging Inc.
- International Paper Company
- BillerudKorsnäs AB
- Nippon Paper Industries Co., Ltd.
- Klabin Paper
- The DOW Chemical Company
- Smurfit Kappa Group
- Mondi PLC.
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Major Questions Answered In This Report:
- What is the growth rate of the Global Liquid Food Packaging Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key Takeaways From The Report:
- The Global Liquid Food Packaging Market is projected to expand at a CAGR of 4.5% over the forecast period.
- The rising demand for food packaging is aiding market progression.
- The rigid segment is poised to expand significantly over the forecast period.
- Asia Pacific has dominated the regional market sphere over the forecast period.
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