Global Liquid Packaging Market to Reach US$463.2 bn by 2027, Expansion in Food and Beverage industry to boost growth

Report Ocean ha recently published a new report, titled “Liquid Packaging Market by Material (Paperboard, Plastics, Glass, Metal, and Others), Technology (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal), Packaging Format (Flexible and Rigid), and End-user (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.”

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According to the study, the global liquid packaging market derives much of its growth from the ongoing expansion in the food and beverage and FMCG industries. The e-commerce boom and the rising penetration of smartphones, has encouraged players in the liquid packaging market to set up design labs to cater to this surge in the e-commerce sector and smooth down the collaboration with the food and beverage industry and food delivery chains. Thanks to the extensive applications of liquid packaging products in the food and beverage, personal care, and the pharmaceutical industries, the market is expected to continue to grow substantially in the near future.

The overall valuation of this market in 2019 was US$331.8 bn. Expanding at a CAGR of 4.50% from 2020 to 2027, the market is projected to reach US$463.2 bn by the end of the forecast period.

Impact of Covid-19 on Global Liquid Packaging Market

The Covid-19 pandemic has affected almost all the markets across the world, impacting their economic growth. Due to lockdown measures and travel restrictions imposed on countries, such as Germany and India, the tourism and the hotel industry witnessed a sharp decline, resulting in a lowered demand for liquid packaging products. However, with a spike in the demand for hand washes and sanitizers, the need for sanitizer bottles, containers, and stand-up pouches is increasing substantially. With all these, the market is expected to gain momentum soon.

Global Liquid Packaging Market Dynamics

In this study, the global liquid packaging market has been analyzed on the basis of materials, technology, packaging format, end user, and the region. Based on materials, the market has been studied into paperboard, plastics, glass, metal, and others. Based on the technology, the market has been segmented into aseptic liquid packaging, blow molding, and Form Fill Seal technology. Based on the packaging format, the market has been segmented into flexible and rigid. The food and beverages, personal care, pharmaceutical, household care, industrial, and several other industries have been considered as the key end users in this report. Geographically, the report considers North America, Europe, Asia Pacific, and LAMEA.

Key Findings:

• The e-commerce boom and the rising penetration of smartphones, has encouraged players in the liquid packaging market.
• Thanks to the extensive applications of liquid packaging products in the food and beverage, personal care, and the pharmaceutical industries, the market is expected to continue to grow substantially in the near future.

The global liquid packaging market is categorized into:

By Materials

• Paperboard
• Plastics
  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Others
• Glass
• Metal
• Others

By Technology

• Aseptic Liquid Packaging
• Blow Molding
• Form Fill Seal
• By Packaging Format
• Flexible
  • Films
  • Stand-up Pouches
  • Bag-in-box
• Rigid
• Carton
• Paperboards
• Bottles, Jars, Cans & Tubes (largest)

By End User

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

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • Italy
  • UK
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • Japan
  • Korea
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Companies Mentioned in the Report

• Amcor Limited
• Berry Global
• Constantia Flexibles
• Gerresheimer AG
• Goglio S.p.A.
• MONDI Plc.
• ProAmpac
• Reynolds Group Holdings Ltd.
• Sealed Air Corporation
• SIG Combibloc Group Ltd.
• Smurfit Kappa
• Sonoco Products Company
• Tetra Laval.

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