Global Liquid Packaging Market was valued at US$ 195.85 Bn in 2019 and is expected to reach US$ 375.16 Bn by 2027, at a CAGR of 8.46% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Liquid Packaging Market Dynamics:
The major driver in the global liquid packaging market is: improved living standards and growing disposable income. Furthermore, expanding the medicines sector with a rapidly aging population further augments the global liquid packaging market growth. Growing demand for packaged goods and the development of the transportation industry in emerging economies is also significantly boosting the request for a global liquid packaging market.
Increasing inclination of consumers towards packaged drinks and food products. A fast-paced lifestyle, as well as better convenience of packaged drinks as compared to other packaging methods like glass bottles, is another major factor fueling the growth of the global liquid packaging market. Plastic packaging is one of the key alternatives and major competitors for carton packaging for drinks.
Global Liquid Packaging Market Segment Analysis:
Based on the packaging type segment, rigid liquid packaging is the most-widely used packaging type for liquid products. Rigid liquid packaging includes cartons, cans, paperboard, glass, and plastics & PET bottles. Plastics & PET bottles are the largest segments of the rigid global liquid packaging market. They are extensively used for the packaging of liquid products like water, alcohol, carbonated drinks, beverages, dairy products, and others. It is resistant to impact, recyclable, moisture, and chemicals.
On the basis of the end-use industry segment, Food & beverage is expected to contribute to the largest market share during the forecast period. They are used for packaging various liquid products like water, juices, beverages, dairy products wine & spirits, detergents, and household cleaning items, among others. In addition, the need to maintain the ledge life of the goods and protect them from pollution further drives the growth of this application in the global liquid packaging market.
The global liquid packaging market has a few numbers of global players competing for market share. These businesses are actively advancing in various strategies like new product developments, M&A, and expansion projects globally to increase their market share.
Global Liquid Packaging Market Regional Insights:
In terms of region, Asia-Pacific is estimated to contribute the largest market share during the forecast period. Countries in this region like Japan, India, South Korea, Thailand, China, Malaysia, and Indonesia are observing a significant increase in the use of liquid packaging in the food & beverage industry. This is mainly because of the rapid economic growth and growing population that is driving the demand for liquid packaging types for various end-use industries in Asia-Pacific.
The report offers perceptive and detailed information regarding the various key players operating in the market, supply, their financials, key developments, and technological innovations, chain trends, apart from future strategies, M&A, and market footprint.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding global liquid packaging market dynamics, structure by identifying and analyzing the market segments and project the global market size.
Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders prioritizing the efforts and investment in the near future to the emerging segment in the global liquid packaging market.
Global Liquid Packaging Market, Key Highlights:
• Global Liquid Packaging Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Liquid Packaging Market
• Global Liquid Packaging Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Liquid Packaging Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Liquid Packaging Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Liquid Packaging Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of the Global Liquid Packaging Market Report:
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Global Liquid Packaging Market, By Technique
• Aseptic Liquid Packaging
• Blow Molding
• Form Fill Seal Technology
Global Liquid Packaging Market, By Resin
• Polyethylene Terephthalate
Global Liquid Packaging Market, By Packaging Type
• Flexible Liquid Packaging
o Stand-Up Pouch
• Rigid Liquid Packaging
o Plastics & PET bottles
Global Liquid Packaging Market, By End-Use Industry
• Food & Beverages
Global Liquid Packaging Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Global Liquid Packaging Market Key Player
• A. Schulman, Inc.
• Royal Tencate N.V.
• Polynt S.P.A
• Exel Composites
• Core Molding Technologies, Inc.
• Strongwell Corporation
• Menzolit GmbH
• Continental Structural Plastics, Inc.
• GKN Aerospace
• Amcor Limited
• Berry Global
• Constantia Flexibles
• Gerresheimer AG
• Goglio S.p.A.
• MONDI Plc
• Reynolds Group Holdings Ltd.
• Sealed Air Corporation
• SIG Combibloc Group Ltd.
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