PUBLISHER: Market Research Future | PRODUCT CODE: 1699226
PUBLISHER: Market Research Future | PRODUCT CODE: 1699226
Global Liquid Packaging Market Research Report Information By Material (Paperboard, Plastics, Glass, Metal, Others), By Packaging Type (Flexible, Rigid), By Technology (Aseptic Liquid Packaging, Blow Molding, Form Fill Seal), By End User (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, Others) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) Market Forecast Till 2035
Over the course of the projection period, the liquid packaging industry is anticipated to increase at a compound annual growth rate (CAGR) of 4.5%.
The main factors propelling the market's expansion include rising demand for packaged beverages, shifting consumer habits, the expansion of the e-commerce sector, technological developments in packaging materials, a growing emphasis on sustainability, governmental regulations, the expansion of the pharmaceutical sector, rising disposable income, urbanization, and population growth.
The increasing demand for bottled beverages has led to a considerable growth in the liquid packaging market. Consumer preferences and lifestyle changes have contributed to the rising popularity of bottled beverages, raising the need for reliable and efficient liquid packaging solutions.
Because packaged beverages are portable and convenient, consumers may easily carry and enjoy their favorite drinks while traveling. Due to their busy schedules and growing need for quick and easy refreshment options, consumers are increasingly choosing bottled beverages. Because liquid container alternatives like bottles, cans, and pouches are convenient, beverages can be consumed anywhere, at any time.
Perspectives on Market Segments
Paperboard, Plastics, Glass, Metal, and Others are the materials that make up the worldwide liquid packaging market segmentation.
Flexible & Rigid are included in the global market segmentation according to packaging type.
Aseptic liquid packaging, blow molding, and form fill seal are all included in the technology-based segmentation of the global liquid packaging market.
Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others are among the global market segments based on end users.
Regional Perspectives
In 2022, the Asia-Pacific Liquid Packaging Market was the market leader. The primary causes of development include the growth of the food and beverage and pharmaceutical industries, as well as the migration of production facilities because of the region's low labor and operational expenses. Furthermore, in the Asia-Pacific region, the Indian liquid packaging market grew at the fastest rate, while China's liquid packaging industry had the greatest market share.
The second-largest market share was maintained by the North American liquid packaging market. The U.S. is considered the primary contributor to the region's growth because to the high demand for liquid packaging and the increasing use of paper products over other hazardous materials. The market for liquid packaging in North America is expected to be driven by these reasons in the years to come.
Europe Over the course of the forecast period, the liquid packaging market is anticipated to expand at the fastest CAGR. Europe has some of the strictest regulations and standards when it comes to food safety, packaging materials, and environmental sustainability. Regulations serve to ensure product safety, encourage hygienic practices, and protect the environment.
Goglio S.P.A., Proampac LLC, Reynolds Group Holdings LTD., Amcor PLC., Mondi PLC, Sealed Air Corporation, Berry Global Group INC., Gerresheimer AG, Smurfit Kappa Group PLC, Berry Global Group INC., and others are major players in the liquid packaging market.