Liquid Packaging Market worth USD 4,63,202.8 million by 2027

The Market Statsville Group (MSG) publishes the new report on the "Liquid Packaging Market by Materials (Paperboard, Plastics (Polyethylene, Polypropylene, Polyethylene Terephthalate, and Others), Glass, Metal, and Others), by Packaging Format (Flexible (Films, Stand-up Pouches, and Bag-in-box), and Rigid (Carton, Paperboards, and Bottles, Jars, Cans & Tubes)), by Technology (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal), by End-Users (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others), by Region – Global Share and Forecast to 2027". The global liquid packaging market size is expected to grow from USD 339,527.2 million in 2020 to USD 4,63,202.8 million by 2027, at a CAGR of 4.5% during the forecast period. An increase in disposable income and change in lifestyles have affected the consumption patterns across the globe, leading to higher demand for packaged beverage products and other FMCG products. Liquid packaging helps extend the shelf life of aerated and non-aerated drinks, allowing end-user customers to stock them for longer periods. Furthermore, nowadays, consumers prefer to carry water bottles while commuting or at the office.

Moreover, an aseptically packaged carton preserves milk in its entirety, i.e., it preserves its taste, smell, and nutritional value, along with protecting it from external contaminants such as air and sunlight. All these factors drive the growth of the market. The growth of the personal care segment is another key driver of the liquid packaging market. There has been a rise in the consumption of face creams, serums, lotions, and face wash to enhance personal appearance. Further, major cosmetic product makers have started diversifying their product offerings based on gender, i.e., separate face cream for men and women. This helps them in increasing their market share across various consumer groups.

Global Liquid Packaging Market Segmentation

The liquid packaging market has been segmented into the materials, packaging format, technology, end-users, and region.

By Materials Outlook (Sales/Revenue, USD Million, 2017-2027)

• Paperboard
• Plastics
  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Others
• Glass
• Metal
• Others

By Packaging Format Outlook (Sales/Revenue, USD Million, 2017-2027)

• Flexible
  • Films
  • Stand-up Pouches
  • Bag-in-box
• Rigid
  • Carton
  • Paperboards
  • Bottles, Jars, Cans & Tubes (largest)

By Technology Outlook (Sales/Revenue, USD Million, 2017-2027)

• Aseptic Liquid Packaging
• Blow Molding
• Form Fill Seal

By End-Users Outlook (Sales/Revenue, USD Million, 2017-2027)

• Food & Beverage
• Personal Care
• Pharmaceutical
• Household Care
• Industrial
• Others

By Region Outlook (Sales/Revenue, USD Million, 2017-2027)

• North America (US, Canada, Mexico)
• South America (Brazil, Argentina, Colombia, Peru, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Poland, Russia, Slovenia, Slovakia, Hungary, Czech Republic, Belgium, the Netherlands, Norway, Sweden, Denmark, Rest of Europe)
• Asia Pacific (China, Japan, India, South Korea, Indonesia, Malaysia, Thailand, Vietnam, Myanmar, Cambodia, the Philippines, Singapore, Australia & New Zealand, Rest of Asia Pacific)
• The Middle East & Africa (Saudi Arabia, UAE, South Africa, Northern Africa, Rest of MEA)

Rigid, by packaging type, is estimated to hold the largest market share during the forecast period

Based on the packaging type, the global liquid packaging market is studied into flexible and rigid. The rigid segment generated the highest revenue of 64.6% of the total global liquid packaging market in 2020, and it is expected to register a significant CAGR from 2021 to 2027. Rigid packaging mainly includes various bottles, containers, and handle ware and can be made from many plastics such as HDPE, PP, PET, or LDPE, or glass. Leading players in the rigid liquid packaging segment such as Amcor, Berry Global, and Reynolds offer bottles in various shapes & volumes. The major application of bottles is in packaging water, juices, and other beverages.  

The demand for plastic bottles increases due to the growing demand for fresh bottled water substitutes for tap water. Moreover, people prefer to carry their bottles while commuting; thus, using plastic bottles. Adopting plastic bottles for alcoholic beverages has become a key driving factor for the rigid packaging segment. In fact, in 2020, Amcor collaborated with a leading wine-bottle maker for developing PET wine bottles. Furthermore, in 2019, Amcor developed a PET bottle for pasteurized beer. Such developments are indicative of the growth of the rigid packaging segment. Similarly, the growth of the cold-pressed beverage market is expected to boost the demand for medium-sized plastic bottles.

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The Asia Pacific accounts for the largest market share in the liquid packaging market 2020

Based on the regions, the global liquid packaging market has been segmented across North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. In 2020, Asia Pacific accounted for the highest market share of 38.2% in the global liquid packaging market and was anticipated to maintain its dominance throughout the forecast period. Asia-Pacific consists of China, Japan, India, South Korea, and the Rest of Asia-Pacific. The presence of highly populated countries such as China and India makes the Asia-Pacific region the largest contributor to the global liquid packaging market. Plastic packaging plays an important role in the circulation of goods; consumers choose consumer goods based on the attractiveness of the packaging.  

Increasing access to smartphones and e-commerce platforms has made shopping easier for the consumer. Consumers generally prefer mini-sized personal care products; as a result, there is a strong demand for smaller-sized liquid packaging. Out-of-home consumption is on the rise as consumers are getting aware of their and hygienic conditions. New beverage product launches to increase organic sales will provide new growth opportunities for flexible packaging. In early 2019, Indian major dairy products maker Amul entered the packaged food juices segment by launching the Amul Tru range of juices in 200ml PET bottles. According to a top executive at Beiersdorf, a German multinational company manufacturing personal-care products, the Chinese skincare market is expected to grow steadily despite the ongoing COVID-19 crisis. To meet the future demands, the company is also expected to increase its presence in the country through business expansion.

This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the liquid packaging market. The global liquid packaging market is fragmented in nature with major players such as Constantia Flexibles, Gerresheimer AG, Goglio S.p.A., Amcor Limited, Berry Global, Reynolds Group Holdings Ltd., Sealed Air Corporation, MONDI Plc, ProAmpac, SIG Combibloc Group Ltd., Smurfit Kappa, Tetra Laval, and Sonoco Products Company. These players have been adopting various strategies to gain higher shares or retain leading positions in the market.

Browse complete report: https://www.marketstatsville.com/liquid-packaging-market

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