A Quick Look at the Latest Developments and Innovations in the Liquid Packaging Market
The liquid packaging market has been one the most promising industries in the last few years on account of the growing expanse of the food and beverages industry. Parallelly, the concerns with respect to overuse of plastics have also been growing. The liquid packaging industry has responded to this twin challenge of heightened demand and environmental concerns by investing heavily in research and development of innovative packaging solutions. The latest developments in this industry prove the resilient and innovative nature of this ever-growing market.
With the growth of the food and beverages sector, the ancillary industry of food packaging, especially the liquid packaging market, has faced a tremendous upsurge. A recently published market research report by Research Dive has stated that the global liquid packaging market is expected to garner a huge revenue of $566.3 billion by 2031 on the account of growth in the food and beverage industry and increase in popularity of on-the-go food and drinks. At the same time, there have been growing concerns across the globe regarding the rising use of plastics and plastic products; as a result, many food packaging industries faced a lot of criticism owing to their overuse of plastic in packaging. Naturally, the companies had to reorient their strategies to take care of the rising demand for liquid packaging and address global environmental concerns.
Recent Advances in the Global Liquid Packaging Market
In the last few years, leading market players of the food packaging industry have devised innovative packaging strategies to address the twin challenge of catering to market demands and develop sustainable packaging solutions. In a bid to achieve this, researchers in the field of material science have also been roped in by these large conglomerates. These scientists, with the help of advanced technologies like IoT, have come up with some ingenious ideas which have helped the market to grow substantially.
Take the example of Internet of Packaging; as the name suggests, Internet of Packaging refers to a liquid packaging method wherein the packaged product can be tracked and monitored by connecting it to the internet. For this, the packaging material contains some sort of identification marker like a QR code which helps in real time tracking and tamper proofing. With this unique innovation, food packaging industries can transport packaged goods to different parts of the world without worrying about damage to the product, while at the same time ensuring transparency and accountability in the whole process.
Traditionally, liquid packaging companies have been using plastic in huge quantities as compared to other food processing industries. This was mainly due to the impermeable and unreactive nature of plastics; the liquid could be preserved in the plastic package for a long time without the fear of leakage and chemical reactions. However, in the last few decades or so, biodegradable packaging materials have been developed which provide the same durability as that of plastics. Also, these materials are unreactive and do not contaminate the liquid products inside. However, the biggest advantage of biodegradable packaging material is that it can be recycled numerous times which helps the liquid packaging companies to address the environmental concerns raised by environmentalists across the world.
One recent innovation with respect to food packing that has gained a lot of popularity recently is active packaging. Active packaging is done with the help of special materials that increase the shelf life of food products. Hence, this packaging type has gained a lot of traction in the liquid packaging industry as most of the liquid foods are perishables. Active packaging involves use of antimicrobial agents along with oxygen absorbers and moisture absorbers to prevent the growth of bacteria and delay the process of decomposition.
Future Prospects for the Global Liquid Packaging Market
Some manufacturing studies have also claimed that technologies like 3D printing and nanotechnology can be used to create impermeable packaging materials, that too, of different sizes and shapes. These innovative packaging methods are expected to open innumerable growth opportunities for the liquid packaging market in the coming period. Active packaging alone, with its ability to increase the shelf life of products, can help these companies to unlock their true potential and cater to the global demands with more ease and efficiency. It will help the industry players to capitalize on the markets that have been untapped so far due to supply chain issues and thus increase the expanse of their businesses globally.
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