Liquid Packaging Market to be dominated by Food & Beverage Segment through 2027
Increasing demand of liquid
packaging from pharmaceuticals, FMCG, foods & Beverages is expected to
drive the demand for Liquid Packaging Market in the forecast period, 2023-2027.
According to TechSci Research
report, “Liquid Packaging Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2017-2027”, The global Liquid
Packaging Market is anticipated to increase at a significate rate in the
forecast period, 2023-2027. Current market scenario, packaging play’s an
important role in creating a brand image in the user's mind. After covid 19,
consumers are more concerned about the safety and hygiene of the product that
they are using. This led to an increase in demand for packaging to reduce the
risk of bacteria, chemicals, and other harmful things. Packaging also helps
businesses to increase the shelf of the product and reduce the chances of
physical damage while transportation. Packaging helps an organization to show
the information or send a message by printing it on the product.
Due to the rapidly
growing population demand for medicine, mobiles, FMCG, foods, beverages,
mobiles, chemicals, Petroleum, and other things have increased. The growth of
these industries indicates that market share of the liquid packaging market is
expected to increase in the projected period.
Browse over XX market
data Figures spread through 110 Pages and an in-depth TOC on "Global
liquid Packaging Market "
The Global
Liquid Packaging Market is segmented based on Packaging type, Resin type,
Technique type and End User Industry.
Based on Rigid
liquid packaging, market is split into Cartons, Paperboard, Plastics & PET
Bottles, and Others. Plastics & PET Bottles are expected to hold the
largest market share in the forecast period, 2023-2027. Among all categories,
it is widely used due to its durability, lightweight, security, and hygiene.
The long chain of polymer structure makes the material hard to break, sustain
in high temperature, and long-lasting product. The plastic package can be
sealed after filling which makes them difficult to expose to air, dust, light,
odor, and moisture.
Based on end-user
industry type, market is split food & beverage, personal care,
pharmaceutical, household care, and others. As per estimates, the food &
beverage segment is going to experience the highest market share during the
forecast period. In food & beverage, we need liquid packing material to
make the product secure from bacteria, spills proof and dust. We can easily
transport the product for long distances as packaging can increase its shelf
life and be handy for transport.
Based on
technique type, market is Aseptic Liquid Packaging, Blow Molding or Form Fill
Seal Technology. As per estimates, the Aseptic Liquid Packaging segment is
going to experience the highest market share. During this liquid packaging
technique, the food, medicines, beverages, and other things are sterilized and
then packed. This process increases the shelf life of the product by up to 12
months without refrigeration.
Major
operating companies operating in global liquid packaging market are:
·
Dow
Chemical Company
·
Tetra
Pak International S.A.
·
International
Paper Company
·
Smurfit
Kappa Group plc
·
Mondi
Plc.
·
Goglio
S.p.A.
·
Berry
Global, Inc
·
Amcor
Limited
·
Constantia
Flexibles (Wendel Group)
·
Gerresheimer
AG
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“The Asia-pacific region dominates the market in the coming years because this
region has more developing economies and a middle-class population whose income
is increasing y-o-y. Many e-commerce
startups are operating successfully in this region providing food to medical
facilities online. This region has the highest number of working populations
which makes this region high disposable income. Busier lifestyle, urbanization,
and growing working population make people dependent on ready-to-eat meals,
packed foods, and e-commerce. The increasing demand of the population led to
increasing demand for products and directly impact the growth of the liquid
packing market. The increasing demand for e-commerce product, FMCG, food, and
beverages will propel the global Liquid Packaging Market growth till 2027.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Liquid Packaging Market - Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027 Segmented
by Packaging type (Flexible and Rigid) by flexible packaging Input type (Stand-Up
Pouch, Bag-In-Box and Films), by rigid packaging Input type (Cartons,
Paperboard, Plastics & PET Bottles and Others), by resin type (Polyethylene,
Polypropylene, Polyethylene Terephthalate and Others), by technique type (Aseptic
Liquid Packaging, Blow Molding, and Form Fill Seal Technology),by end user
Industry ( Food & Beverage, Personal Care, Pharmaceutical, Household Care,
and Others)” , has evaluated the future
growth potential of global liquid Packaging market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in global liquid Packaging Market.
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