Liquid Packaging Market Overview
The Global Liquid Packaging Market reached USD 472 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 674 billion by 2030. The market is growing at a CAGR of 4.4% during the forecast period 2023-2030. The Global Liquid Packaging Market is a thriving industry that encompasses the packaging of various liquid products, including beverages, household chemicals, personal care products, pharmaceuticals and industrial liquids.
The market has witnessed significant growth in recent years, driven by population growth, urbanization, changing consumer lifestyles and increased consumption of packaged goods.
China produces nearly 1/3rd of the global plastic production, which drives the global liquid packaging market. China accounts for approximately 45.3% of the global liquid packaging market shares and is expected to grow at the highest CAGR during the forecasted period. North America holds 1/3rd of the global liquid packaging market share and is also expected to retain its domination during the forecast period.
Liquid Packaging Market Scope
|
Metrics |
Details |
|
CAGR |
4.4% |
|
Size Available for Years |
2021-2030 |
|
Forecast Period |
2023-2030 |
|
Data Availability |
Value (USD ) |
|
Segments Covered |
Material, Type, Technique, End-User and Region |
|
Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
|
Fastest Growing Region |
Asia-Pacific |
|
Largest Region |
Asia-Pacific |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
To know more insights Download Sample
Liquid Packaging Market Dynamics
The Rising Consumer Preference For Ready-To-Drink Products
The rising consumer preference for ready-to-drink products is a significant driver for the global liquid packaging market. Ready-to-drink beverages, such as juices, soft drinks, coffee and tea, have gained popularity due to their convenience and time-saving nature. Consumers are increasingly seeking on-the-go options and convenient packaging formats that allow them to consume beverages without additional preparation or equipment.
Regulatory Challenges And Infrastructure Limitations
Stringent laws and regulations can pose challenges for the liquid packaging market. Adhering to strict packaging regulations often requires significant investments in research, development and testing of packaging materials and processes. Manufacturers may need to upgrade their facilities or adopt new technologies to meet regulatory requirements. These compliance costs can increase the overall production expenses, impacting companies’ profitability in the liquid packaging market.
Liquid Packaging Market Segment Analysis
The Global Liquid Packaging Market is segmented based on material, type, technique, end-user and region.
Safety, Sanitation And Growing Demand In The Pharmaceuticals And Food And Beverages Industry Boost The Aseptic Packaging
Aseptic packaging ensures the safety and sanitation of products by preventing contamination and maintaining product integrity. The sterilization process used in aseptic packaging kills or removes harmful microorganisms, ensuring the packaged products remain free from bacteria, viruses and other contaminants.
This is especially critical in the pharmaceuticals and food and beverages industries, where product safety and shelf life are paramount. The aseptic packaging technique segment contributes approximately 40.2% of the global market share and is expected to hold most of the market shares in the forecasted period.
Source: DataM Intelligence Analysis (2023)
Liquid Packaging Market Geographical Penetration
Rising Urbanization, Food Requirements, Better Logistics And Growing Disposable Income Boosts The Liquid Packaging Market In Asia-Pacific
The Asia-Pacific is experiencing rapid urbanization, with a significant portion of the population migrating to urban areas. Urbanization is linked to changing consumer lifestyles, increased consumption of packaged products and demand for convenient and ready-to-drink beverages. Liquid packaging caters to the needs of urban consumers who seek portable, on-the-go packaging options that fit their fast-paced lives.
This surge in demand for packaged food drives the need for liquid packaging solutions that offer convenience, portability and extended shelf life. Asia-Pacific hold over 48.1% of the global market share and is expected to retain its dominance by the end of 2030. China and India are the major contributir in the region, both accounts for more than 60.5% of the regional liquid packaging market share.
Source: DataM Intelligence Analysis (2023)
Liquid Packaging Market Players
The major global players include Mondi Group, Tetra Laval International S.A., Comar LLC, Evergreen Packaging Inc., Liqui-Box Corporation, BillerudKorsnäs AB, International Paper Company, Klabin Paper, Nippon Paper Industries Co., Ltd. and Smurfit Kappa Group.
COVID-19 Impact on Liquid Packaging Market
COVID Impact
The pandemic brought about changes in consumer behavior and preferences. For example, there was a shift towards larger pack sizes and family-sized beverages as consumers stayed home more often. Additionally, single-use packaging gained popularity due to hygiene concerns. These shifts in consumer demand and preferences required liquid packaging manufacturers to adapt and adjust their product offerings accordingly.
AI Impact
Artificial intelligence (AI) is significantly impacting the global liquid packaging market, revolutionizing various aspects of the industry. AI-powered vision systems and machine learning algorithms are used for liquid packaging quality control and inspection processes. These systems can quickly identify defects, such as leaks, misalignments, or contamination, ensuring that only products meeting quality standards are released. AI-based inspection reduces human error, improves efficiency and enhances product safety.
Russia-Ukraine War Impact
The ongoing conflict between Russia and Ukraine, often called the Russia-Ukraine war, can potentially impact the global liquid packaging market. If the conflict escalates or leads to further geopolitical tensions, it can disrupt supply chains in the liquid packaging market. Russia and Ukraine are essential players in the global packaging industry. Any disruptions in their manufacturing capabilities, transportation routes, or trade relations can impact the availability of liquid packaging materials and products.
Key Developments
- On May 15, 2023, Aptar's Evolux pump was chosen by Guerlain for its new liquid foundation. LVMH's Guerlain ordered a high-performance, opulent pump from beauty packaging provider Aptar Beauty for its recently introduced Terracotta Le Teint foundation.
- On January 24, 2022 The FDC brand 'Electral Z+ (ORS+Zinc Solution)' ready-to-drink OTC product, with this distinctive composition developed by Halewood Laboratories Private Ltd., has chosen UFlex'Asepto as its packaging partner.
This company is the first in India to manufacture aseptic liquid packaging. In pharmacies and medical facilities all around India, the new value-added version of Electral is now accessible. It was first introduced in Asepto's holographic packs.
- On April 11, 2022, French machine provider Thimonnier and Mondi, a world leader in packaging and paper, teamed up to create recyclable packaging that cuts down on plastic waste. The businesses have developed innovative liquid refill packaging that is made to be completely recyclable.
Coextruded polyethylene, a recyclable mono-material, creates the berlingot sachet (PE). Compared to stiff plastic bottles, it not only weights less but also use more than seventy-five percent less plastic.
Why Purchase the Report?
- To visualize the global liquid packaging market segmentation based on material, type, technique, end-user and region, and understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of liquid packaging market level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Type mapping available as Excel consisting of key products of all the major players.
The Global Liquid Packaging Market Report Would Provide Approximately 69 Tables, 78 Figures And 210 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
