The global liquid packaging market size was US$ 341.1 billion in 2021. The global liquid packaging market is forecast to grow to US$ 468.1 billion by 2030 by growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period from 2022 to 2030.
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Liquid packaging is suitable for packaging liquid content and increasing its shelf life. Packaging plays an essential role in shipping liquid products without the concerns of pollution, physical damage, and sunlight, thereby making transportation and storage easier. Paperboard, glass, cans, cartons, PET bottles, and plastics are widely used to pack liquid products, such as carbonated drinks, water, alcohol, dairy products, beverages, etc.
Factors Influencing the Market
The global liquid packaging market is forecast to grow at a substantial growth rate due to the surging demand for food & beverages globally. In addition, the rapidly growing e-commerce sector will contribute to the growth of the global liquid packaging market.
The extensive applications of liquid packaging materials in the personal care, food & beverage, and pharmaceutical industries will also drive the global liquid packaging market forward. Furthermore, the growing population and increasing employment rate will also benefit the global liquid packaging industry.
Stringent government policies aiming at promoting the use of disposal and recycled plastics may limit the growth of the global liquid packaging market. On the contrary, growing initiatives towards sustainability will be opportunistic for the companies to develop solutions.
COVID-19 Impact Analysis
The stringent lockdown measures imposed by the governments hampered the tourism industry. As a result, it negatively affected manufacturing activities. However, the demand for frozen food products and packed food and beverages increased abruptly, which upsurged the demand for effective liquid packaging. The COVID-19 epidemic triggered the demand for liquid detergents, sanitizers, and hand washes. As a result, it had a positive impact on the global liquid packaging market.
Regional Analysis
North America is forecast to dominate the liquid packaging market, owing to the presence of established fast-food culture in the region. In addition, the growing demand for over-the-counter (OTC) medications will contribute to the growth of the market. The region is witnessing rising demand for sports drinks and non-alcoholic energy drinks, which is expected to escalate the growth of the market. Furthermore, the presence of prominent brands, such as PepsiCo, Nestle, Unilever Group, L’Oréal, and Procter & Gamble Co. will be a significant contributor to the growth of the global liquid packaging market.
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Competitors in the Market
Berry Global
Amcor Limited
Constantia Flexibles
Goglio S.p.A.
Gerresheimer AG
MONDI Plc
Reynolds Group Holdings Ltd.
ProAmpac
Sealed Air Corporation
SIG Combibloc Group Ltd.
Smurfit Kappa
Tetra Laval
Sonoco Pro
Other Prominent Players
The report furnishes an intricate comprehension of each segment, delivering potential estimations for principal applications and insights into emerging prospects. Every regional market is meticulously scrutinized to ascertain its potential for growth, development, and demand in the forthcoming years.
As of the end of 2022, the Liquid Packaging industry experienced notable growth in its workforce. Starting in January, employment within the Liquid Packaging sector exceeded its pre-COVID levels, resulting in an expansion of payrolls by over 15,000 employees throughout the course of the year. The global Liquid Packaging output demonstrated a remarkable increase of 5.2% during 2021, primarily attributed to a widespread economic upswing and a surge in demand for commodities. However, the momentum shifted in 2022, with the global industrial sector’s production contracting. This reversal followed a robust expansion in 2021, fueled by altered consumer spending patterns and substantial fiscal support.
Forecasts indicate that the global Liquid Packaging output is set to rise by approximately 2.9% in 2023. This projection is underpinned by the gradual recovery of production in Western Europe from its previous troughs, as well as a rebound in output across the Asia/Pacific region. Maintaining its dominant position, China, accounting for nearly 45% of the global Liquid Packaging market, remains both its largest producer and consumer. Remarkably, China’s market share has surged since 2010, when it stood at around 26%. This ascent has led to a substantial contribution to the nation’s GDP. Notably excelling as a top exporter, China leads in various sectors, including silicon, PVC, and several specific segments of the Liquid Packaging market.
Market Segmentation
The global liquid packaging market segmentation focuses on Materials, Packaging Format, Technology, End-Users, and Region.
By Materials Outlook
Paperboard
Plastics
Polyethylene
Polypropylene
Polyethylene Terephthalate
Others
Glass
Metal
Others
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By Packaging Format Outlook
Flexible
Films
Stand-up Pouches
Bag-in-box
Rigid
Carton
Paperboards
Bottles, Jars, Cans & Tubes (largest)
By Technology Outlook
Aseptic Liquid Packaging
Blow Molding
Form Fill Seal
By End-Users Outlook
Food & Beverage
Personal Care
Pharmaceutical
Household Care
Industrial
Others
By Regional Outlook
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Contents:
Chapter 1: Introduction to the Global Liquid Packaging Industry
Chapter 3: Dynamics of the Market
Chapter 4: Profiles of Leading Companies
Chapter 5: Competition in the Global Liquid Packaging Market among Players
Chapter 6: Market Size across Global Regions
Chapter 7: Application Segments in the Global Market
Chapter 8: Segment Analysis of the Global Liquid Packaging Industry
Chapter 9: Market Chain, Sourcing Strategies, and Downstream Buyers
Chapter 10: Strategies and Key Policies by Distributors/Suppliers/Traders
Chapter 11: In-depth Analysis of Key Marketing Strategies by Market Vendors
Chapter 12: Evaluation of Market Impact Factors
Chapter 13: Forecasted Global Liquid Packaging Market Size
Reasons to Acquire This Report
(A) This research imparts invaluable insights tailored for senior management, policymakers, industry professionals, product innovators, sales executives, and stakeholders within the market. It equips them with the information needed to make well-informed decisions and craft effective strategies.
(B) The report delivers a comprehensive analysis of global, regional, and country-level Liquid Packaging market revenues, extending projections until 2030. This dataset empowers companies to gauge their market presence, recognize avenues for growth, and explore emerging markets.
(C) Through meticulous segmentation of the Liquid Packaging market encompassing types, applications, technologies, and end-uses, this study empowers leaders to blueprint their products and allocate resources based on the projected growth trajectories of each segment.
(D) Investors stand to gain from the market analysis by gaining insights into market scope, positioning, key drivers, challenges, limitations, expansion prospects, and potential risks. Armed with this knowledge, they can make well-considered investment choices.
(E) The report conducts an intricate analysis of competitors, unraveling their pivotal strategies and market positioning. This intelligence equips businesses with a profound understanding of the competitive landscape, enabling them to chart their own strategies accordingly.
(F) The study facilitates the assessment of Liquid Packaging business projections delineated by region, key countries, and prominent companies, bestowing invaluable information for investment strategizing and decision-making.
Why is our study consequential?
Our study holds paramount importance for various reasons, a few of which include:
* Assisting businesses in gauging the viability of new or existing products or services.
* Facilitating business enterprises in the identification and cultivation of novel market segments.
* Providing a preemptive understanding of consumer demand prior to introducing new products, services, or features.
* Enhancing the overall efficacy of marketing, advertising, and promotional initiatives.
* Analyzing market trends to aid businesses in devising adaptive strategies.
* Guiding businesses in the optimal placement of their products.
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