“Liquid Packaging Market to Reach Valuation of USD 597.7 Billion by 2028 – Rising Demand in Food & Beverage Industry Drives the Market”

In terms of revenue, the Global Liquid Packaging Market is expected to reach USD 597.7 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.60% from 2022 to 2028.

Market expansion is spurred on by factors such as rising demand, as seen in the focus on maintaining food quality and freshness during the time it is stored and transported. Liquid Packaging plays a crucial role in protecting the product from moisture and aiding in the preservation of its freshness. Furthermore, it has an extended shell life, is environmentally friendly, is easily recyclable, and is transportable. It includes the materials and packaging types used for the packaging, storage, and transport of liquids and semi-liquids. In addition, picking the right Liquid Packaging is critical for ensuring its secure transfer and long-term storage.

Key Highlights from Report:

· Based on Packaging Type, the rigid segment dominates the Liquid Packaging market with the highest market share and will continue its dominance in the forecast period. Rigid packaging is used widely to manufacture packaging for pharmaceutical drugs and beverages due to the excellent properties of rigid packaging, like the ease of transport & carrying and good shelf-life.

· In terms of Raw Materials, the plastic segment accounted for the most prominent CAGR in the forecast period. This is because plastics are utilized extensively in packaging manufacturing for numerous industries like food & beverage, personal care, pharmaceutical, and household care.

· Geographically, Asia Pacific holds the significant market share within the Liquid Packaging market. This is due to the high preference for sustainable packaging across China, India, and other regions in South East Asia. Also, the favorable government initiatives for reducing carbon footprints and making sustainable packaging drive the demand for the product, contributing to this region’s augmentation.

Market Dynamics:

The Liquid Packaging market growth is driven by the increased expansion of the food and beverage sector worldwide. Liquid Packaging is utilized extensively in food & beverage manufacturing to assist the transport of liquid goods and to grow product shelf-life. Market expansion can also be attributed to rising product demand in the healthcare, beauty, personal care, and home care industries. Consequently, the food & beverage, pharmaceutical, and cosmetics industries are the most important end-users of Liquid Packaging worldwide.

The sedentary lifestyles, changes in consumer behavior, and a growing number of people migrating from rural to urban areas are other growth aspects that are likely to propel the market growth of Liquid Packaging. Also, the increase in the application of flexible packaging materials due to the flexibility in the size & shape of the package, lightweight, and low transportation cost contributes significantly to their booming demand of Liquid Packaging. Furthermore, the advancements in technologies in the packaging sector, shifting toward renewable & innovative packaging solutions, and the eye-catching brand presentation through inventive packaging types will create major prospects for the market in the future.

Asia Pacific market is projected to witness significant market growth, with the highest growth rate in the forecast period. The region’s market growth is attributable to the increasing consumption of Liquid Packaging in the food and beverage industry. Moreover, the growing demand for FMCG (Fast-moving consumer goods) products, packaged food & beverages, and the introduction of cutting-edge technologies to offer excellent service. This is likely to favor the market in Asia Pacific. In addition, the growing demand for packaged drinking water, the rise in Liquid Packaging applications for industrial & institutional, and the ease of availability of raw materials used in Liquid Packaging are expected to fuel the regional market's growth in the future.

The Global Liquid Packaging Market is Segmented as follows:

• Packaging Type
  • Flexible
  • Rigid
• Raw Material
  • Paper
  • Plastics
  • Glass
  • Metal
• Technique
  • Modified Atmosphere Packaging
  • Aseptic Packaging
  • Intelligent Packaging
  • Vacuum Packaging
• End-use
  • Personal Care
  • Food & Beverage
  • Chemicals
  • Pharmaceuticals
  • Petrochemicals
  • Household Care
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global Liquid Packaging Market is:

Comar LLC (US), Tetra Laval International S.A. (Switzerland), Liqui-Box Corporation (US), Evergreen Packaging Inc. (US), International Paper Company (US), BillerudKorsnäs AB (Sweden), Nippon Paper Industries Co. Ltd. (Japan), Klabin Paper (Brazil), The DOW Chemical Company (US), Smurfit Kappa Group (Ireland), Mondi PLC (UK)

The Global Liquid Packaging Market Scope can be Tabulated as below: