Consumers’ preference for packaged drinks and food goods is growing. Another key driver driving the growth of the global liquid packaging market is a fast-paced lifestyle, as well as the superior convenience of packaged drinks over alternative packaging methods such as glass bottles. Plastic packaging is a primary alternative and major rival for beverage carton packaging.
Liquid Packaging Market Overview:
Maximize Market Research’s recently released study, “ Liquid Packaging Market 2023-2029,” is a fantastic resource for learning about market rivals. The study undertakes a thorough and fundamental market analysis, diving into qualitative elements that might provide critical business intelligence. This report is useful in providing a more exact evaluation of the current and future dynamics of the global Liquid Packaging market, as it provides a market overview comprising the value chain structure, geographical analysis, applications, market size, and forecast extending from 2023 to 2029.
Liquid Packaging Market Growth Estimated:
Liquid Packaging Market Size was valued at US$ 249.87 Bn in 2022 and is expected to reach US$ 441.18 Bn by 2029, at a CAGR of 8.46% during the forecast period.
Liquid Packaging Market Dynamics:
The global liquid packaging market is being driven by rising living standards and rising disposable income. Furthermore, with a growing ageing population, expanding the medicines industry boosts the worldwide liquid packaging market growth. Growing demand for packaged goods, as well as the expansion of the transportation industry in emerging economies, are driving demand for a worldwide liquid packaging market.
Liquid Packaging Market Scope and Research Methodology:
The research provides a comprehensive business analysis by studying several aspects such as Liquid Packaging market growth, consumption volume, market trends, and corporate pricing structures over the predicted timeframe. The analysis goes into the market’s complexities through extensive research. It provides an in-depth study of the Liquid Packaging market, including market characteristics, segmentation analysis, size, customer landscape, and geographic distribution. Growth drivers, current trends, innovations, opportunities, and the competitive landscape are all considered in the research. Based on productivity and manufacturing bases, the market has been scrutinised across numerous geographies.
COVID-19 Impact on Liquid Packaging market:
The COVID-19 pandemic is an unprecedented global public health disaster that has profoundly affected nearly every sector, with long-term ramifications influencing industry growth throughout the forecast period. Our continuing research incorporates crucial COVID-19 issues and anticipated future actions into its methodology. The study considers modifications in consumer behaviour, changes in demand, changes in purchasing patterns, adjustments in supply chain routes, the dynamics of current market pressures, and key government activities to provide insights into the pandemic’s impact. The new study includes analyses, projections, and predictions that account for the market impact of COVID-19.
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Liquid Packaging Market Segmentation:
Rigid liquid packaging is the most extensively used packaging type for liquid items, according to the packaging type sector. Cartons, cans, paperboard, glass, plastics, and PET bottles are examples of rigid liquid packaging. The stiff global liquid packaging market is dominated by plastics and PET bottles. They are widely used in the packaging of liquid items such as water, alcohol, carbonated drinks, beverages, dairy products, and so forth. It is impact resistant, recyclable, and resistant to moisture and chemicals.
Food & beverage is predicted to provide the most market share during the projection period based on the end-use industry segment. They are used to package a variety of liquid products such as water, juices, beverages, dairy products, wine and spirits, detergents, and household cleaning materials. Furthermore, the necessity to extend the shelf life of goods and protect them from pollution fuels the growth of this application in the worldwide liquid packaging market.
Key Players:
1. A. Schulman, Inc.
2. Royal Tencate N.V.
3. Polynt S.P.A
4. Exel Composites
5. Core Molding Technologies, Inc.
6. Strongwell Corporation
7. Menzolit GmbH
8. Continental Structural Plastics, Inc.
9. Saertex
10.GKN Aerospace
11.Amcor Limited
12.Berry Global
13.Constantia Flexibles
14.Gerresheimer AG
15.Goglio S.p.A.
16.MONDI Plc
17.ProAmpac
18.Reynolds Group Holdings Ltd.
19.Sealed Air Corporation
20.SIG Combibloc Group Ltd.
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Regional Analysis:
The regional section of the research also dives into critical market elements and changes in market rules that affect both current and future trends. New sales, replacement sales, national demography, regulatory activities, and import-export taxes are key components used to assess the market environment across different geographies. Furthermore, when offering forecast analysis for national data, the study considers the presence and availability of global brands. It also explores the issues that these global brands face, whether as a result of strong or weak competition from local and domestic companies, and the impact of sales channels.
Key Questions Answered in the Liquid Packaging Market Report are:
- Which are the major companies in the Liquid Packaging market?
- Which is the potential market for Liquid Packaging in terms of the region?
- Which application area of Liquid Packaging is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Liquid Packaging market size by 2027?
- What are the growth prospects for the Liquid Packaging market?
- What is the base year considered in the Liquid Packaging market report?
- Which region holds the largest market share in the Liquid Packaging market?
- What factors are anticipated to drive the Liquid Packaging market?
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