Liquid Packaging MarketAs stated in our extensive report; the Global Liquid Packaging Market accounted forUSD 451.2 Billionin the year 2021.
The Liquid Packaging market is to ascend rapidly in the estimated period as there is a growing demand for packaged beverages & FMCG products, increased per capita income, and technological advancements. Additionally,one of the key influencers is the increase in demand for convenient and single-serve packages. Consumers are increasingly looking for products that are easy to grab and go, and that don’t require any prep or cleanup. This is driving manufacturers to innovate and come up with new packaging solutions that meet these needs.
Another factor that is contributing to the growth of the liquid packaging market is the rise in e-commerce. As more and more consumers shop online, there is a growing need for safe and reliable packaging that can ensure products arrive undamaged.
Factors Influencing Global Liquid Packaging Market Growth
The growth of the Liquid Packaging global market can be attributable to the following:
- Surging demand in the food & beverage, pharmaceuticals, cosmetics, personal care products, household care products, and over-the-counter drug industries drive the global Liquid Packaging market growth.
- Liquid Packaging is broadly utilized in food and beverage manufacturing to quickly transport liquid goods and increase the product’s shelf-life.
- The increased environmentally friendly packaging carton among users will likely fuel the market demand.
- Another aspect driving this market's expansion is the sedentary lifestyles and changes in consumer behavior.
- The technological advancements in the packaging sector and change toward renewable & innovative packaging solutions generate massive demand for Liquid Packaging during the forecast 160;
Asia Pacific region Dominates the Global Market
Geographically,Asia Pacificholds the maximum market share in theLiquid Packagingmarket and will likely continue this trend in the next few years. InAsia Pacific, India and China regions are significant contributors. The growing preference for sustainable packaging across China, India, and other regions in South East Asia is expected to stimulate regional market growth during the forecast period.Positive government actions for carbon footprint reduction and developing sustainable packaging also contribute to the expansion of the regional market. In addition, the region's market is expected to expand owing to rising demand for FMCG (Fast-moving consumer goods), packaged food and beverages, and the introduction of cutting-edge technologies to provide superior service.
Conclusion
As per Vantage Market Research, the ever-increasing trend towards freshness and food quality in the time of storage & distribution has positively impacted the overall Liquid Packaging market.
The well-known players of the Global Liquid Packaging Market include 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 and others.
Nov 23, 2021
