Liquid Food Packaging Market 2022 by Manufacturers, Regions,
liquid food packaging market
The global Liquid Food Packaging Market is valued at USD 362.33 Billion in 2022 and is projected to reach a value of USD 515.28 Billion by 2030, growing at a CAGR of 4.5% over the forecast period 2022-2030.
Liquid packaging generally includes the packaging material and formats used for the packaging, transportation and storage of liquids and semi-liquids.
Appropriate selection of liquid packaging was essential to enable transport and long-term storage. It mainly includes rigid packaging formats such as bottles and containers, and flexible packaging formats such as films, stand-up pouches, squeeze tubes, cartons, as well as bag-on-box.
Further, the liquid packaging can be made of a single substrate or it can be a multi-layered laminate as in the case of liquid cartons.
Main market trends
Each market has its growth determinants and challenges. One of the major factors fueling the growth of the market over the forecast period is the growing demand for food packaging.
There is also an increase in the growth of the market owing to the growing demand in the food and beverage industries as well as in the pharmaceutical industries. These have been the largest consumer base industries and are also the major end users of liquid packaging.
Additionally, e-commerce co-packers have demanded custom packaging solutions that reduce lead times. This has boosted the growth of the market over the forecast period.
Furthermore, the shift towards renewable and innovative packaging solutions has provided lucrative opportunities for market growth over the forecast period.
The incorporation of nanoparticles into food contact materials also has the potential to provide a new technological boost in the global liquid food packaging market during the forecast period.
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Market segment analysis
Based on material type
The plastic segment led the market growth over the forecast period. This is due to its superior properties compared to other materials.
Based on packaging type
The rigid segment led the market growth over the forecast period.
Based on technology
• Aseptic liquid packaging
• Form fill seal
Aseptic liquid packaging led the market growth over the forecast period. This is due to demand in sterile liquid packaging for food and beverages and pharmaceuticals.
Asia-Pacific is expected to expand at a considerable CAGR
The global liquid food packaging market is segmented into 4 major regions, namely North America, Europe, Asia-Pacific, Middle East and Africa. Among these, Asia Pacific led the market growth over the forecast period. This is due to the large consumer base in major countries such as India and China for end-user liquid packaging industries.
Some of the major companies operating in the market are
• Comar LLC
• Tetra Laval International SA
• Liqui-Box Corporation
• Evergreen Packaging Inc.
• International paper company
• BillerudKorsnäs AB
• Nippon Paper Industries Co., Ltd.
• Klabin paper
• DOW Chemical Company
• Smurfit Kappa Group
• Mondi PLC.
Main questions answered by this report:
• What is the growth rate of the global liquid food packaging market?
• What are the main determinants of market growth?
• What are the major regions that make up the geographic landscape of the market?
• What are the main companies operating in the market?
Main findings of the report:
• The global liquid food packaging market is expected to grow at a CAGR of 4.5% during the forecast period.
• Growing demand for food packaging is fueling the growth of the market.
• The hard segment is poised to grow significantly over the forecast period.
• Asia-Pacific dominated the regional market sphere during the forecast period.
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This press release was published on openPR.