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Global liquid packaging market segmented on the basis of material type, packaging type, technology and end user.
SHERIDAN, NEW YORK, USA, April 18, 2023 /einpresswire.com / -- The latest research study“Liquid Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global liquid packaging market size reached US$ 352.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 462.7 Billion by 2028, exhibiting a CAGR of 4.49% during 2023-2028.
Liquid packaging represents multilayer packaging materials utilized to protect various liquid products, including water, juices, milk, purees, and sauces, from spills and other chemical or physical causes. They mostly comprise of films, bottles, containers, stand-up pouches, cartons, squeezable tubes, and bag-on boxes. These liquid packaging products offer a barrier and protect the contents from light exposure or contamination owing to external bacteria and viruses. They are extremely durable and lightweight and reduce carbon and greenhouse gas emissions. Consequently, liquid packaging solutions find widespread applications across several sectors, such as chemical, food, and beverage (F&B), personal care, pharmaceutical, petrochemical, etc.
What Are The Key Factors Driving The Global Liquid Packaging Market?
The elevating need for packaged beverage products among the masses, on account of numerous benefits, including improved freshness, enhanced shelf life, reduced chance of wastage, etc., is primarily driving the liquid packaging market. Apart from this, the increasing customization of the packages to suit the diverse needs of the consumers is acting as another significant growth-inducing factor.
Additionally, the shifting preferences toward lightweight packaging solutions to save energy and the development (R&D) activities for introducing recyclable polymers as alternatives to traditional petroleum-based polymers are also positively influencing the global market. Moreover, the rising usage of plastics for beverage packaging as they provide thermo-sealability, microwave ability, and ability to mold in unlimited sizes and shapes, is further propelling the global market. Besides this, the growing use of the product in e-commerce segments to ensure the safety of liquid contents during transportation and storage is expected to bolster the liquid packaging market over the forecasted period.
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Report Segmentation:
The report has been segmented the market into following categories:
Breakup by Material Type:
oPaperboard
oPlastics
oglass
oMetal
oOthers
Breakup by Packaging Type:
oFlexible
oRigid
Breakup by Technology:
oAseptic Liquid Packaging
oBlow Molding
oForm Fill Seal
Breakup by End User:
oFood and Beverage
oPersonal Care
oPharmaceutical
oHousehold Care
oIndustrial
oOthers
By Geography:
. North America (United States, Canada)
. Europe (Germany, France, United Kingdom, Italy, Spain, Others)
. Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
. Latin America (Brazil, Mexico, Others)
. Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Competitive Scenario with Key Players:
.Amcor plc
.Berry Global Group Inc.
.Billerudkorsnas AB
.Constantia Flexibles
.Coveris
.Evergreen Packaging
.Gerresheimer AG
.LiquiBox
.Mondi plc
.Sidel (The Tetra Laval Group)
.Smurfit Kappa Group plc
.and Sonoco Products Company.
Click Here to View Detailed Information with Table of Content:
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Key Highlights of The Report:
. Market Performance (2017-2022)
. Market Outlook (2023- 2028)
. Porter's Five Forces Analysis
. Market Drivers and Success Factors
. SWOT Analysis
. Value Chain
. Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here
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