According to the global liquid packaging market report by IMARC Group, the market reached a value of US$ 352.3 Billion in 2022, and it is projected to reach a value of US$ 462.7 Billion by 2028, exhibiting a CAGR of 4.49% during 2023-2028.
Liquid packaging refers to multilayer packaging used to protect numerous liquid products, including juices, water, milk, purees, sauces, etc., from spills and other physical or chemical damages caused during transportation. It comprises bottles, containers, films, stand-up pouches, squeezable tubes, cartons, bag-on boxes, etc. Liquid packaging acts as a barrier and protects the products from light exposure or contamination, owing to external viruses and bacteria. In line with this, it is lightweight and durable while reducing carbon and greenhouse gas emissions. As a result, liquid packaging finds extensive applications in several sectors, including food and beverage (FB), personal care, pharmaceuticals, chemical, petrochemical, etc., across the global.
Market Trends
The escalating demand for packaged beverage products is primarily driving the liquid packaging market. Additionally, the rising consumer awareness towards the various associated benefits of liquid packaging, such as maintaining freshness and enhancing the shelf life of goods, convenient and easy-to-use packaging, reducing their packaging cost, eliminating material wastage, facilitating customization of packages, etc., is further catalyzing the market growth.
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Besides this, the inflating need for lightweight packaging to save energy during production and transportation is acting as another significant growth-inducing factor. Moreover, the increasing investments in RD activities by key market players to introduce recyclable polymers as alternatives to traditional petroleum-based polymers are positively influencing the global market. Apart from this, they are also focusing on marketing strategies to expand their customer base, which is augmenting the market growth. Furthermore, the growing number of e-commerce platforms that offer personal care, as well as household care products, and over-the-counter drugs, is expected to fuel the liquid packaging market over the forecasted period.
Who are the key players/companies in the global liquid packaging market?
ABB Ltd, Brugg Cables (Shanghai) Co. Ltd., Eland Cables, Hellenic Cables S.A., LS Cable System (LS Group), Nexans S.A., NKT A/S, Prysmian S.p.A., Riyadh Cables, Southwire Company LLC, Sumitomo Electric Industries Ltd., Synergy Cables and TPC Wire Cable.
Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Material Type:
- Paperboard
- Plastics
- Glass
- Metal
- Others
- Flexible
- Rigid
- Aseptic Liquid Packaging
- Blow Molding
- Form Fill Seal
- Food and Beverage
- Personal Care
- Pharmaceutical
- Household Care
- Industrial
- Others
- Asia Pacific
- North America
- Europe
- Middle East and Africa
- Latin America
