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Liquid Packaging Market Report

RA07782

Liquid Packaging Market by Material (Plastics, Glass, Metal, and Others), Technology (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal), Packaging Format (Flexible and Rigid), End-use Industry (Food & Beverage, Personal Care, Pharmaceutical, Household Care, and Industrial), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

RA07782

Pages: 257

Sep 2021

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on Liquid Packaging Market

Global Liquid Packaging Market Analysis

The global liquid packaging market size was $352.5 billion in 2020 and is predicted to grow with a CAGR of 4.6%, by generating a revenue of $501.2 billion by 2028.

Market Synopsis

Liquid packaging market is gaining huge popularity owing to increase in the demand from food & beverage and pharmaceutical sector. The onset of COVID-19 has increased safety and hygiene concerns among public. This has led to increase in the demand for safety packaging methods to avoid the risk of contracting the COVID-19 virus. The COVID-19 pandemic has led to megatrends in packaging design keeping hygiene in mind due to heightened consumer-safety concerns. In addition, packaging plays an important role in preserving the food quality throughout the shelf-life, thereby reducing the food wastage. It also protects the food from bacteria and chemical & physical damage during shipping and transportation.

However, drastic rise in the demand for single-use plastics for liquid packaging has raised concerns over its disposability and recyclability. The COVID-19 pandemic which has led to lockdown restrictions in many countries has led to increase in online shopping and delivery services. This has led to increase in demand for single use plastics. Such single use plastic products are harmful to the environment as they are non-biodegradable and take years to disintegrate which is estimated to restrain the market growth.

Technological innovations in novel food packaging technique such as implementation of nanotechnology are estimated to drive the liquid packaging market growth. The introduction of nanotechnology in food packaging enhances the shelf life of food, minimizes the spoilage, and ensures food safety. This is because the nanotechnology-based packaging intimates the users regarding real-time quality of food and it is also used for controlled release of preservatives and anti-microbials to extend the shelf-life of the product inside. This will help in meeting the consumer demand for safe, healthy, and fresh food. The introduction of nanotechnology in food packaging will lead to major thrust for development of advanced packaging system.  

According to regional analysis, the Asia-Pacific liquid packaging market accounted for $119.3 billion in 2020 and is predicted to grow with a CAGR of 5.2% in the projected timeframe.

Liquid Packaging Market Overview

Liquid packaging is a type of multilayer packaging which is used to protect various liquid products such as juices, water, milk, purees, sauces, and others from spillage or any physical or chemical damage during the transportation. Liquid packaging features protective layers which act as a barrier and protect the goods from external elements such as light exposure or contamination due to external viruses & bacteria. Various materials used for packaging liquid products are glass, metal, plastics, and paperboards. In food & beverage sector liquid packaging is used for packing various liquid products such as carbonated drinks, milk, alcohol, beverages, dairy products, and others.

Impact Analysis of COVID-19 on the Global Liquid Packaging Market

The global crisis caused by COVID-19 pandemic has negatively affected most of the industries resulting in economic downturn. However, the global liquid packaging market experienced a positive impact owing to drastic increase in demand for safe, hygienic packaging. Also, the demand and consumption of single use plastics increased rapidly as the consumption of reusable plastics is likely to be infected with COVID-19 virus. The demand for liquid packaging during COVID-19 is majorly driven by high demand for protective packaging for shipping of goods and products. For instance, due to lockdown restrictions imposed across various countries, the world moved towards online shopping for essential & non-essential goods. Hence, to ensure safe and seamless delivery of goods, majority of e-commerce platforms such as Amazon and, Flipkart have increased their focus on the adoption of protective packaging.  

Major technological advancements such as smart & sustainable solutions in product packaging to develop environment-friendly solutions are estimated to drive the market growth. The adoption of 3D printing technology and robotic packaging that simplify the packaging process are being adopted during the pandemic. Furthermore, the adoption of circular packaging solutions that are derived from bagasse, hemp, polylactic acid (PLA), and resins is gaining huge popularity as these materials are recyclable and biodegradable. In addition, anti-microbial coatings for food packaging which prevents the spread of micro-organisms during food processing & transportation have attracted large number of customers. The anti-microbial coatings prevent the spread of virus transmission via infected surfaces.  

High Demand from E-commerce and Food Delivery Services to Drive the Market Growth

The e-commerce industry has gained huge traction during the COVID-19 pandemic as many people across the world were dependent on e-commerce platforms for delivery of goods. Packaging plays and important role in e-commerce sector as high quality and durable packaging ensure that the product inside is safe and secured. For instance, in case of liquid products, good packaging prevents leaks or spills of the product. Liquid packaging protects the liquid from physical damages such as hitting, bruising, and wetting so that the product reaches the consumers safely. In addition, due to and dine-in restrictions in hotels and restaurants, food delivery platforms such as Swiggy, Zomato, and others have gained huge popularity. Hence, packaging of various food items including liquid products protect the products from damage or contamination from external bacteria, air, moisture, toxins, and micro-organisms. Hence, the food quality is maintained, and food wastage is minimized. 

To know more about global liquid packaging market drivers, get in touch with our analysts here.

Growing Concerns Regarding Recyclability and Disposability of Plastics to Hamper Market Growth

A majority of liquid products are packed in plastic materials owing to the strength, durability, lightness, flexibility, and ease of sterilization offered by plastics. However, plastic packaging has negative environmental after being discarded as it does not biodegrade. Plastics break down into smaller pieces called microplastics that are easily carried away wind and water and enters the landfill leading to plastic pollution. These factors are estimated to restrain the market growth during the forecast period.  

A Shift Towards Innovative and Sustainable Packaging to Generate Enormous Opportunities

The latest innovations in liquid packaging market such as use of mushrooms instead of Styrofoam, sugarcane as an alternative to polyethylene from crude oil, packaging made from milk proteins to replace plastics are estimated to generate huge growth opportunities. For instance, Styrofoam is widely used packaging material which is non-biodegradable and requires around 1.5 liters of petrol to produce a single cube of polystyrene. Hence, to replace polystyrene, Ecovative, the leading American company, has developed innovative packaging solutions produced from biological waste and fungi such as mycelium. This results in the production of 100% degradable material ideal to meet the packaging needs of automotive and construction industries. In addition, Tetra Pak, the leading packaging company uses sugarcane for production of bio-based packaging to manufacture sugarcane-based packaging materials such as plastic and cardboard that can be used for liquid packaging. In addition, the packaging made from milk proteins to produce packaging film which is edible, effective, and bio-degradable compared to oil-based film is estimated to generate huge growth opportunities. For instance, Peggy Tomasula, projects funded by the U.S. Department of Agriculture, uses the milk protein called casein which are oxygen blockers that prevent food spoilage. This is highly effective compared to oil-based films and can be used for liquid packaging products.  

To know more about global liquid packaging market opportunities, get in touch with our analysts here.

Liquid Packaging Market
By Material

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Based on material, the market has been divided into Plastics, glass, metals, and others. Among these, the Plastics sub-segment has accounted for highest market share in 2020 and it is estimated to show the fastest growth during the forecast period. Download PDF Sample Report

Source: Research Dive Analysis

The plastics sub-type is anticipated to have a dominant market share and generate a revenue of $197.6 billion by 2028, growing from $133.6 billion in 2020. Plastics are widely used in packaging industry owing to various benefits that they offer such as durability, safety, light weight, security, and hygiene. Plastics offer durability due to the presence of long polymer chains that are difficult to break. Plastic packaging is suitable for packaging foodstuffs, pharmaceuticals, and medicines as it can be filled and sealed without human intervention to ensure hygiene. Plastics are lightweight have high strength due to which they are easy to lift, handle, and can be carried by personnel in the distribution chain. Also, plastic materials can easily survive extreme temperatures and do not easily degrade. Plastic packaging can protect the products from oxygen, dust, light, moisture, and odor.  

Liquid Packaging Market
By Technology

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Based on technology, the market has been divided into Aseptic Liquid Packaging, blow molding, and form fill seal technology. Among these, the Aseptic Liquid Packaging accounted for the highest revenue share in 2020 and it is estimated to show the fastest growth during the forecast period.

Source: Research Dive Analysis

The aseptic liquid packaging sub-segment is anticipated to have a dominant market share and generate a revenue of $248.3 billion by 2028, growing from $169.4 billion in 2020. In aseptic liquid packaging, the food, pharmaceutical, and other contents are sterilized separately and then packed. This technology has gained huge popularity as it offers convenience as it is portable and light weight. It ensures food safety by protecting the food from harmful bacteria. No refrigeration is required which saves energy and food storage requirements during the transportation. This type of packaging helps in enhancing the shelf life of selected products by approximately 6 to 12 months without refrigeration.

Liquid Packaging Market
By Packaging Format

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Based on packaging, the market has been divided into flexible and Rigid. Among these, the Rigid sub-segment accounted for the highest market share in 2020. The flexible packaging sub-segment is estimated to show the fastest growth during 2021-2028.

Source: Research Dive Analysis

The rigid sub-segment is anticipated to have a dominant market share and generate a revenue of $321.2 billion by 2028, growing from $231.7 billion in 2020. The demand for rigid packaging is driven by its superior strength due to presence of hard plastics and other materials. In addition, rigid packaging gives and impression of quality such as the use of glass indicated luxury. Rigid packaging does not affect the quality and flavor of food which might be the case in soft plastics. Rigid packaging can be molded in any shape and can be used to create cavities that can fit around your product perfectly. In addition, the rigid packaging is highly protective. For instance, if a package falls off a store shelf, the rigid plastic can protect your product by absorbing the impact.

The flexible sub-segment is anticipated to show fastest growth and generate a revenue of $180.1 billion by 2028, growing from $120.8 billion in 2020. Flexible packaging designs such as stand-up pouches are an emerging choice for various food manufacturers. Flexible packaging adds value to the various food and non-food products by combining the properties of various materials such as paper, plastic, film, aluminum foil, and others. Flexible packaging utilizes less energy during the manufacturing process causing lower greenhouse gas emissions. In addition, it has high product to package ratio that produces less waste. Flexible packaging creates shelf appeal as it facilitates the visibility of product present inside which instills the customer confidence during the purchase.

Liquid Packaging Market
By End-use Industry

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Based on end-use industry, the market has been divided into Food & Beverage, personal care, pharmaceutical, household care, and industrial. Among these, the Food & Beverage sub-segment accounted for the highest market share in 2020 and is anticipated for the fastest growth during the forecast period.

Source: Research Dive Analysis

The food & beverage sub-segment is anticipated to have a dominant market share and generate a revenue of $178.3 billion by 2028, growing from $118.9 billion in 2020. The liquid packaging plays an important role in food & beverage industry as it protects the food quality, minimizes the food wastage, and reduces the need for preservatives to be added into the food & beverages. Packaging plays an important role in preserving the food quality and minimizing the food wastage by protecting the food against physical and chemical damages. Liquid packaging must provide durability as it protects the food against moisture and cross-contamination by preventing air and moisture from entering into the packaging and spoiling the food. Also, packaging displays important health & safety information as well as it displays the nutritional facts.

Liquid Packaging Market
By Region

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The liquid packaging market was investigated across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Liquid packaging in Asia-Pacific to be the Most Dominant and Fastest Growing

The Asia-Pacific liquid packaging market accounted $119.3 billion in 2020 and is projected to grow with a CAGR of 5.2%. The demand for liquid packaging in Asia-Pacific region is driven by the rapidly growing middle-class population in developing countries such as India and China. For instance, as stated on April 18, 2019, in the Packaging Gateway, the leading packaging news provider platform, packaging is the fifth largest sector in the Indian economy which is estimated to grow at 18% per annum. In addition, India’s beverage packaging materials such as glass and rigid plastic account for 70% of the packaging market. In addition, China represents fastest growing economy is the world’s largest packaging market owing to increase in disposable income and enhanced retail platforms. Also, busier lifestyle, rapid urbanization, and growth in working population have boosted the demand for ready meals and shopping on various e-commerce platforms. E-commerce and ready meals platform widely depend on secure, protective, durable, and safe packaging to gain customer satisfaction and to avoid any damage to the product. All these aspects are estimated to drive the demand for Asia-Pacific liquid packaging market during the forecast period.   

Competitive Scenario in the Global Liquid Packaging Market

Acquisition and investment are common strategies followed by major market players.

Competitive Scenario in the Global Liquid Packaging Market

Source: Research Dive Analysis

Some of the leading liquid packaging market players are Amcor plc, Berry Global, Inc., Constantia Flexibles, Gerresheimer AG, Goglio S.p.A., Mondi plc, ProAmpac, Sealed Air Corporation, Smurfit Kappa Group, and Tetra Pak International S.A.

Porter’s Five Forces Analysis for the Global Liquid Packaging Market:

  • Bargaining Power of Suppliers: The majority of the companies operating in the packaging industry buy various raw materials from numerous suppliers. Hence, the suppliers are in dominant position and can use their negotiating power to extract higher prices from the packaging companies.  
    Thus, the bargaining power of suppliers is high.
  • Bargaining Power of Buyers: There are large number of buyers as packaging is one of the largest industries in the world. Right from food & beverage, pharmaceutical, e-commerce, industrial, electronics, personal care, and others every industry is dependent on this industry for packaging of their goods. Hence, the bargaining powers of buyers is low. 
    Thus, buyer’s bargaining power will be low.
  • Threat of New Entrants: The new entrants entering in liquid packaging industry bring innovation in the packaging technology and low pricing strategy to attract customers. 
    Thus, the threat of the new entrants is moderate.
  • Threat of Substitutes: Bio-based packaging materials such as bio-based plastics derived from rice, potato, corn, wheat, and sugarcane which are renewable and sustainable are available. 
    Thus, the threat of substitutes is moderate.
  • Competitive Rivalry in the Market: The companies operating in this market are focusing on development of innovative products as well as increasing their production capacity to attract large number of customers. Also, the players operating in packaging industry are large in number which increase the industry competition. 
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Material

  • Plastics
  • Glass
  • Metal
  • Others

  Segmentation by Technology

  • Aseptic Liquid Packaging
  • Blow Molding
  • Form Fill Seal

  Segmentation by Packaging Format

  • Flexible
  • Rigid

  Segmentation by End-use Industry

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

  Key Companies Profiled

  • Amcor plc
  • Berry Global, Inc.
  • Constantia Flexibles
  • Gerresheimer AG
  • Goglio S.p.A.
  • Mondi plc
  • ProAmpac
  • Sealed Air Corporation
  • Smurfit Kappa Group
  • Tetra Pak International S.A.

Frequently Asked Questions
 

A. The size of the global liquid packaging market was over $352.5 billion in 2020 and is projected to reach $501.2 billion by 2028.

A. Amcor plc, Berry Global, Inc., and Constantia Flexibles are some of the key players in the global liquid packaging market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Asia Pacific liquid packaging market is anticipated to grow at 5.2% CAGR during the forecast period.

A. Acquisition and investment are the two key strategies opted by the operating companies in this market.

A. Gerresheimer AG, Goglio S.p.A., and Mondi plc are the companies investing more on R&D activities for developing new products and technologies.

A. Liquid products such as oils, juice, syrups, water, chemicals, dish-washing liquids, floor cleaners, and others can be packed in a variety of packaging options such as glass bottles, plastic bottles, metal cans, pouches, and cartons. The liquid packaging for food & beverage sector occupied the largest market share in 2020, and it is estimated to show the fastest growth during the forecast period.

A. A liquid packaging machine is used for the packaging of liquids such as milk, soy sauce, vinegar, and others. Automated liquid packaging uses single lay PE film for packaging. The machines used for this purpose have gained huge popularity as they are simple to operate, have low failure rate, and facilitate smooth work flow. The automated liquid packaging machine is ideal for ultraviolet radiation, code printing, precise filling, sealing & cutting.

A. Many liquid substances are commonly packed in different packaging materials such as plastics, glass, metal, and paperboards. Among these, the most suitable material for liquid packaging is plastics as they can sustain extreme environments and preserve the integrity of liquids present inside. Plastics also protect the liquid from external factors such as dust, light, oxygen, moisture, and others.

A. Aseptic liquid packaging is the process of filling commercially sterile products into a sterile container under sterile conditions and sealing the containers to reduce the possibility of any contamination due to external factors. Aseptic liquid packaging ensures that the food remains sterile and safe.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Material trends
2.3.Technology trends
2.4.Packaging Format trends
2.5.End-use Industry trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.Liquid Packaging Market, by Material 

4.1.Plastics

4.1.1.Market size and forecast, by region, 2020-2028
4.1.2.Comparative market share analysis, 2020 & 2028

4.2.Glass

4.2.1.Market size and forecast, by region, 2020-2028
4.2.2.Comparative market share analysis, 2020 & 2028

4.3.Metal

4.3.1.Market size and forecast, by region, 2020-2028
4.3.2.Comparative market share analysis, 2020 & 2028

4.4.Others

4.4.1.Market size and forecast, by region, 2020-2028
4.4.2.Comparative market share analysis, 2020 & 2028

5.Liquid Packaging Market, by Technology 

5.1.Aseptic Liquid Packaging 

5.1.1.Market size and forecast, by region, 2020-2028
5.1.2.Comparative market share analysis, 2020 & 2028

5.2.Blow Molding 

5.2.1.Market size and forecast, by region, 2020-2028
5.2.2.Comparative market share analysis, 2020 & 2028

5.3.Form Fill Seal 

5.3.1.Market size and forecast, by region, 2020-2028
5.3.2.Comparative market share analysis, 2020 & 2028

6.Liquid Packaging Market, by Packaging Format 

6.1.Flexible

6.1.1.Market size and forecast, by region, 2020-2028
6.1.2.Comparative market share analysis, 2020 & 2028

6.2.Rigid

6.2.1.Market size and forecast, by region, 2020-2028
6.2.2.Comparative market share analysis, 2020 & 2028

7.Liquid Packaging Market, by End-use Industry

7.1.Food & Beverage

7.1.1.Market size and forecast, by region, 2020-2028
7.1.2.Comparative market share analysis, 2020 & 2028

7.2.Personal Care

7.2.1.Market size and forecast, by region, 2020-2028
7.2.2.Comparative market share analysis, 2020 & 2028

7.3.Pharmaceutical

7.3.1.Market size and forecast, by region, 2020-2028
7.3.2.Comparative market share analysis, 2020 & 2028

7.4.Household Care

7.4.1.Market size and forecast, by region, 2020-2028
7.4.2.Comparative market share analysis, 2020 & 2028

7.5.Industrial

7.5.1.Market size and forecast, by region, 2020-2028
7.5.2.Comparative market share analysis, 2020 & 2028

8.Liquid Packaging Market, by Region

8.1.North America

8.1.1.Market size and forecast, by Material, 2020-2028
8.1.2.Market size and forecast, by Technology, 2020-2028
8.1.3.Market size and forecast, by Packaging Format, 2020-2028
8.1.4.Market size and forecast, by End-use Industry 2020-2028
8.1.5.Market size and forecast, by country, 2020-2028
8.1.6.Comparative market share analysis, 2020 & 2028

8.1.7.U.S.

8.1.7.1.Market size and forecast, by Material, 2020-2028
8.1.7.2.Market size and forecast, by Technology, 2020-2028
8.1.7.3.Market size and forecast, by Packaging Format, 2020-2028
8.1.7.4.Market size and forecast, by End-use Industry 2020-2028
8.1.7.5.Comparative market share analysis, 2020 & 2028

8.1.8.Canada

8.1.8.1.Market size and forecast, by Material, 2020-2028
8.1.8.2.Market size and forecast, by Technology, 2020-2028
8.1.8.3.Market size and forecast, by Packaging Format, 2020-2028
8.1.8.4.Market size and forecast, by End-use Industry 2020-2028
8.1.8.5.Comparative market share analysis, 2020 & 2028

8.1.9.Mexico

8.1.9.1.Market size and forecast, by Material, 2020-2028
8.1.9.2.Market size and forecast, by Technology, 2020-2028
8.1.9.3.Market size and forecast, by Packaging Format, 2020-2028
8.1.9.4.Market size and forecast, by End-use Industry 2020-2028
8.1.9.5.Comparative market share analysis, 2020 & 2028

8.2.Europe

8.2.1.Market size and forecast, by Material, 2020-2028
8.2.2.Market size and forecast, by Technology, 2020-2028
8.2.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.4.Market size and forecast, by End-use Industry 2020-2028
8.2.5.Market size and forecast, by country, 2020-2028
8.2.6.Comparative market share analysis, 2020 & 2028

8.2.7.Germany 

8.2.7.1.Market size and forecast, by Material, 2020-2028
8.2.7.2.Market size and forecast, by Technology, 2020-2028
8.2.7.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.7.4.Market size and forecast, by End-use Industry 2020-2028
8.2.7.5.Comparative market share analysis, 2020 & 2028

8.2.8.UK

8.2.8.1.Market size and forecast, by Material, 2020-2028
8.2.8.2.Market size and forecast, by Technology, 2020-2028
8.2.8.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.8.4.Market size and forecast, by End-use Industry 2020-2028
8.2.8.5.Comparative market share analysis, 2020 & 2028

8.2.9.France

8.2.9.1.Market size and forecast, by Material, 2020-2028
8.2.9.2.Market size and forecast, by Technology, 2020-2028
8.2.9.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.9.4.Market size and forecast, by End-use Industry 2020-2028
8.2.9.5.Comparative market share analysis, 2020 & 2028

8.2.10.Russia

8.2.10.1.Market size and forecast, by Material, 2020-2028
8.2.10.2.Market size and forecast, by Technology, 2020-2028
8.2.10.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.10.4.Market size and forecast, by End-use Industry 2020-2028
8.2.10.5.Comparative market share analysis, 2020 & 2028

8.2.11.Italy

8.2.11.1.Market size and forecast, by Material, 2020-2028
8.2.11.2.Market size and forecast, by Technology, 2020-2028
8.2.11.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.11.4.Market size and forecast, by End-use Industry 2020-2028
8.2.11.5.Comparative market share analysis, 2020 & 2028

8.2.12.Rest of Europe

8.2.12.1.Market size and forecast, by Material, 2020-2028
8.2.12.2.Market size and forecast, by Technology, 2020-2028
8.2.12.3.Market size and forecast, by Packaging Format, 2020-2028
8.2.12.4.Market size and forecast, by End-use Industry 2020-2028
8.2.12.5.Comparative market share analysis, 2020 & 2028

8.3.Asia Pacific

8.3.1.Market size and forecast, by Material, 2020-2028
8.3.2.Market size and forecast, by Technology, 2020-2028
8.3.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.4.Market size and forecast, by End-use Industry 2020-2028
8.3.5.Market size and forecast, by country, 2020-2028
8.3.6.Comparative market share analysis, 2020 & 2028

8.3.7.China

8.3.7.1.Market size and forecast, by Material, 2020-2028
8.3.7.2.Market size and forecast, by Technology, 2020-2028
8.3.7.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.7.4.Market size and forecast, by End-use Industry 2020-2028
8.3.7.5.Comparative market share analysis, 2020 & 2028

8.3.8.Japan 

8.3.8.1.Market size and forecast, by Material, 2020-2028
8.3.8.2.Market size and forecast, by Technology, 2020-2028
8.3.8.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.8.4.Market size and forecast, by End-use Industry 2020-2028
8.3.8.5.Comparative market share analysis, 2020 & 2028

8.3.9.India

8.3.9.1.Market size and forecast, by Material, 2020-2028
8.3.9.2.Market size and forecast, by Technology, 2020-2028
8.3.9.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.9.4.Market size and forecast, by End-use Industry 2020-2028
8.3.9.5.Comparative market share analysis, 2020 & 2028

8.3.10.South Korea

8.3.10.1.Market size and forecast, by Material, 2020-2028
8.3.10.2.Market size and forecast, by Technology, 2020-2028
8.3.10.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.10.4.Market size and forecast, by End-use Industry 2020-2028
8.3.10.5.Comparative market share analysis, 2020 & 2028

8.3.11.Singapore

8.3.11.1.Market size and forecast, by Material, 2020-2028
8.3.11.2.Market size and forecast, by Technology, 2020-2028
8.3.11.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.11.4.Market size and forecast, by End-use Industry 2020-2028
8.3.11.5.Comparative market share analysis, 2020 & 2028

8.3.12.Rest of Asia Pacific

8.3.12.1.Market size and forecast, by Material, 2020-2028
8.3.12.2.Market size and forecast, by Technology, 2020-2028
8.3.12.3.Market size and forecast, by Packaging Format, 2020-2028
8.3.12.4.Market size and forecast, by End-use Industry 2020-2028
8.3.12.5.Comparative market share analysis, 2020 & 2028

8.4.LAMEA

8.4.1.Market size and forecast, by Material, 2020-2028
8.4.2.Market size and forecast, by Technology, 2020-2028
8.4.3.Market size and forecast, by Packaging Format, 2020-2028
8.4.4.Market size and forecast, by End-use Industry 2020-2028
8.4.5.Market size and forecast, by country, 2020-2028
8.4.6.Comparative market share analysis, 2020 & 2028

8.4.7.Latin America  

8.4.7.1.Market size and forecast, by Material, 2020-2028
8.4.7.2.Market size and forecast, by Technology, 2020-2028
8.4.7.3.Market size and forecast, by Packaging Format, 2020-2028
8.4.7.4.Market size and forecast, by End-use Industry 2020-2028
8.4.7.5.Comparative market share analysis, 2020 & 2028

8.4.8.Middle East 

8.4.8.1.Market size and forecast, by Material, 2020-2028
8.4.8.2.Market size and forecast, by Technology, 2020-2028
8.4.8.3.Market size and forecast, by Packaging Format, 2020-2028
8.4.8.4.Market size and forecast, by End-use Industry 2020-2028
8.4.8.5.Comparative market share analysis, 2020 & 2028

8.4.9.Africa

8.4.9.1.Market size and forecast, by Material, 2020-2028
8.4.9.2.Market size and forecast, by Technology, 2020-2028
8.4.9.3.Market size and forecast, by Packaging Format, 2020-2028
8.4.9.4.Market size and forecast, by End-use Industry 2020-2028
8.4.9.5.Comparative market share analysis, 2020 & 2028

9.Company profiles

9.1.Amcor plc

9.1.1.Business overview
9.1.2.Financial performance
9.1.3.Product portfolio
9.1.4.Recent strategic moves & developments
9.1.5.SWOT analysis

9.2.Berry Global, Inc.

9.2.1.Business overview
9.2.2.Financial performance
9.2.3.Product portfolio
9.2.4.Recent strategic moves & developments
9.2.5.SWOT analysis

9.3.Constantia Flexibles

9.3.1.Business overview
9.3.2.Financial performance
9.3.3.Product portfolio
9.3.4.Recent strategic moves & developments
9.3.5.SWOT analysis

9.4.Gerresheimer AG

9.4.1.Business overview
9.4.2.Financial performance
9.4.3.Product portfolio
9.4.4.Recent strategic moves & developments
9.4.5.SWOT analysis

9.5.Goglio S.p.A.

9.5.1.Business overview
9.5.2.Financial performance
9.5.3.Product portfolio
9.5.4.Recent strategic moves & developments
9.5.5.SWOT analysis

9.6.Mondi plc

9.6.1.Business overview
9.6.2.Financial performance
9.6.3.Product portfolio
9.6.4.Recent strategic moves & developments
9.6.5.SWOT analysis

9.7.ProAmpac

9.7.1.Business overview
9.7.2.Financial performance
9.7.3.Product portfolio
9.7.4.Recent strategic moves & developments
9.7.5.SWOT analysis

9.8.Sealed Air Corporation

9.8.1.Business overview
9.8.2.Financial performance
9.8.3.Product portfolio
9.8.4.Recent strategic moves & developments
9.8.5.SWOT analysis

9.9.Smurfit Kappa Group

9.9.1.Business overview
9.9.2.Financial performance
9.9.3.Product portfolio
9.9.4.Recent strategic moves & developments
9.9.5.SWOT analysis

9.10.Tetra Pak International S.A.

9.10.1.Business overview
9.10.2.Financial performance
9.10.3.Product portfolio
9.10.4.Recent strategic moves & developments
9.10.5.SWOT analysis

In recent years, the demand of liquid packaging has been increased in the pharmaceutical and food and beverages industry. Packaging plays essential role in preserving the taste and quality of the deliverable food during the transition in case of online orders. Packaging also helps preserve food for a longer time by increasing the shelf-life. It also reduce food wastage, keeps food safe from bacteria, dust, and chemicals during the shipping.

Factors Impacting the Growth of the liquid Packaging Market

Food technology has witnessed huge advancement during the recent years. Implementation of nanotechnology in food packaging is one of them. The application of nano-technology in food packaging increases the shelf-life of the food, ensures safety from outside elements, bacteria, and reduces the wastage of food. Nano technology based packaging offers quality food. It is used for measured release of preservatives and anti-microbials which help in extending the shelf-life of the food product. The introduction of nanotechnology in food packaging is considered as a massive breakthrough in the advanced packaging system, which is expected to augment the growth of the market in upcoming years. As per a report by Research Dive, the global liquid packaging market is predicted to generate a significant revenue during the timeframe of 2021 to 2028.

Recent Developments in the Liquid Packaging Market

According to recent report published by Research Dive, the topmost players of the global liquid packaging market include Smurfit Kappa Group, Amcor plc, Goglio S.p.A., Berry Global, Inc., Constantia Flexibles, Mondi plc, Gerresheimer AG, ProAmpac, Tetra Pak International S.A., and Sealed Air Corporation among others.

These industry players are investing a lot of efforts on the research and development of smart and unique strategies to sustain the growth of the market. These strategies include product launches, mergers and acquisitions, collaborations, partnerships, and refurbishing of existing technology. Some of the recent developments of the market are as follows:

  • Amcor, in April 2019, launched its unique, biodegradable, high-barrier flexible packaging material. The product can reduce carbon footprint of a pack by up to 64%. Amcor is a global leader in production of responsive packaging. AmLite Ultra Recyclable is the first packaging product which is manufactured with the company’s sustainable high-barrier polyolefin film. The new high-barrier laminate can secure a variety of home and personal care, food, and pharmaceutical products. This product is biodegradable and hence harmless to environment.
     
  • In September 2021, Berry Global Group, Inc., a global leader in plastic packaging product manufacturing announced about its strategy to multiply its food packaging manufacturing procedures in North America. It is said to be a part of its long-term strategic growth plan. This investment is expected to enhance its footprint in proprietary and industry-leading polypropylene thermoforming competences to manufacture products such as clear drink cups and lids for coffee shops, quick-service restaurants, convenience stores, and other food and beverages market.
     
  • In August 2020, ProAmpac, the global leader in flexible packaging, launched their online packaging design configurator branded MAKR (pronounced Make Er). Users can remotely create custom 3D package design in paper and film, which can be then prototyped at the Design and Sample Lab of the company.
     
  • In July 1, 2021, ProAmpac, a flexible packaging and material science leader, completed its acquisition of Ultimate Packaging, a UK-based global forerunner in flexographic and digitally-printed flexible packaging. The acquisition is aimed at the strengthening the position of ProAmpac in flexible food packaging by expanding its portfolio of sustainable solutions.
     
  • In February 2021, Smurfit Kappa, a pioneering corrugated packaging company based in Europe, launched an innovative line of eBottle packaging solutions for the flourishing market of online beverage and liquids. The new solution comes with a varied range of sustainable solutions for single and multi-pack products, including the BiPack, Rollor bottle pack, and Pop-up insert.

COVID-19 and Liquid Packaging: An Analysis

The emergence of COVID-19 devastated many industries and severely affected the global economy. However, the liquid packaging market has witnessed a remarkable growth during the pandemic. The main factor behind this growth is the increased concern related to hygienic and safety food delivery. Companies invented many new ways to deliver food at the doorstep during the lockdown period. Safe and spill-proof packaging was one of them. Moreover, some companies used robotic packaging to multiply the food security. These aspects have contributed to the growth of the liquid packaging market during the analysis period.

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