Increasing demand of liquid packaging from pharmaceuticals, FMCG, foods & Beverages is expected to drive the demand for Liquid Packaging Market in the forecast period, 2023-2027.
According to TechSci Research report, “Liquid Packaging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, The global Liquid Packaging Market is anticipated to increase at a significate rate in the forecast period, 2023-2027. Current market scenario, packaging play’s an important role in creating a brand image in the user’s mind. After covid 19, consumers are more concerned about the safety and hygiene of the product that they are using. This led to an increase in demand for packaging to reduce the risk of bacteria, chemicals, and other harmful things. Packaging also helps businesses to increase the shelf of the product and reduce the chances of physical damage while transportation. Packaging helps an organization to show the information or send a message by printing it on the product.
Due to the rapidly growing population demand for medicine, mobiles, FMCG, foods, beverages, mobiles, chemicals, Petroleum, and other things have increased. The growth of these industries indicates that market share of the liquid packaging market is expected to increase in the projected period.
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The Global Liquid Packaging Market is segmented based on Packaging type, Resin type, Technique type and End User Industry.
Based on Rigid liquid packaging, market is split into Cartons, Paperboard, Plastics & PET Bottles, and Others. Plastics & PET Bottles are expected to hold the largest market share in the forecast period, 2023-2027. Among all categories, it is widely used due to its durability, lightweight, security, and hygiene. The long chain of polymer structure makes the material hard to break, sustain in high temperature, and long-lasting product. The plastic package can be sealed after filling which makes them difficult to expose to air, dust, light, odor, and moisture.
Based on end-user industry type, market is split food & beverage, personal care, pharmaceutical, household care, and others. As per estimates, the food & beverage segment is going to experience the highest market share during the forecast period. In food & beverage, we need liquid packing material to make the product secure from bacteria, spills proof and dust. We can easily transport the product for long distances as packaging can increase its shelf life and be handy for transport.
Based on technique type, market is Aseptic Liquid Packaging, Blow Molding or Form Fill Seal Technology. As per estimates, the Aseptic Liquid Packaging segment is going to experience the highest market share. During this liquid packaging technique, the food, medicines, beverages, and other things are sterilized and then packed. This process increases the shelf life of the product by up to 12 months without refrigeration.
Major operating companies operating in global liquid packaging market are:
- Dow Chemical Company
- Tetra Pak International S.A.
- International Paper Company
- Smurfit Kappa Group plc
- Mondi Plc.
- Goglio S.p.A.
- Berry Global, Inc
- Amcor Limited
- Constantia Flexibles (Wendel Group)
- Gerresheimer AG
“The Asia-pacific region dominates the market in the coming years because this region has more developing economies and a middle-class population whose income is increasing y-o-y. Many e-commerce startups are operating successfully in this region providing food to medical facilities online. This region has the highest number of working populations which makes this region high disposable income. Busier lifestyle, urbanization, and growing working population make people dependent on ready-to-eat meals, packed foods, and e-commerce. The increasing demand of the population led to increasing demand for products and directly impact the growth of the liquid packing market. The increasing demand for e-commerce product, FMCG, food, and beverages will propel the global Liquid Packaging Market growth till 2027.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
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“Liquid Packaging Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027 Segmented by Packaging type (Flexible and Rigid) by flexible packaging Input type (Stand-Up Pouch, Bag-In-Box and Films), by rigid packaging Input type (Cartons, Paperboard, Plastics & PET Bottles and Others), by resin type (Polyethylene, Polypropylene, Polyethylene Terephthalate and Others), by technique type (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal Technology),by end user Industry ( Food & Beverage, Personal Care, Pharmaceutical, Household Care, and Others)” , has evaluated the future growth potential of global liquid Packaging market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global liquid Packaging Market.
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