Liquid Packaging Market Size, Share, Growth and Industry Forecast 2022-2027

Byimarcsuraj

Market Overview 2022-2027

IMARC Group has recently released a new research study “Liquid Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

What are the growth prospects of the Liquid Packaging Industry?

The global liquid packaging market size reached US$ 334.12 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 443.93 Billion  by 2027, exhibiting a growth rate (CAGR) of 4.70% during 2022-2027.

What is a  Liquid Packaging Market?

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 (F&B), personal care, pharmaceuticals, chemical, petrochemical, etc., across the global.

Request For Sample Report: https://www.imarcgroup.com/liquid-packaging-market/requestsample

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

What are the major market drivers in the Liquid Packaging Market ?

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.

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 R&D 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.

Liquid Packaging Market Report Scope

Report Coverage

Details

Market size value in 2021

US$ 334.12 Billion

Market forecast in 2027

 US$ 443.93 Billion

Growth Rate

CAGR of 4.70% from 2022 to 2027

Base year for estimation

2021

Historical data

2016-2021

Forecast period

2022-2027

Report coverage

Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, And Trends

Segments covered

Material Type, Packaging Type, Technology, End User, Region

Regional scope

United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico

Key companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Material Type:

  • Paperboard
  • Plastics
  • Glass
  • Metal
  • Others

Breakup by Packaging Type:

  • Flexible
  • Rigid

Breakup by Technology:

  • Aseptic Liquid Packaging
  • Blow Molding
  • Form Fill Seal

Breakup by End User:

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

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)

List of Major Key Players:

The major players in the market are

 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.

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.

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