Liquid Packaging Market Size USD 463.2 Billion By 2027 At CAGR 4.5% : Valuates Reports
24 November 2020: Liquid packaging market is segmented by Material (Paperboard, Plastics, Glass, Metal, and Others), Technology (Aseptic Liquid Packaging, Blow Molding and Form Fill Seal), Packaging Format (Flexible, Films, Stand-up Pouches, Bag-in-box, Rigid, Carton, Paperboards), and End-user (Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others. It also covers Global Opportunity Analysis and Industry Forecast to 2027. This report is published on Valuates Reports in the Industrial Materials Category.
The global liquid packaging market size was valued at USD 331.8 billion in 2019 and is projected to reach USD 463.2 billion by 2027, registering a CAGR of 4.5% from 2020 to 2027.
Major factors driving the growth of liquid packaging market size, increase in demand in the food & beverage and pharmaceuticals industries, rise in concerns regarding the disposal of plastic packaging products and stringent government regulations regarding plastic packaging.
Trends Influencing The Liquid Packaging Market
Food & beverage, cosmetics, and pharmaceutical industries have one of the world’s largest customer bases, and these industries are the main end consumers of liquid packaging. Increased disposable income and lifestyle changes have affected consumption habits, leading to higher demand for packaged soda goods and other FMCG products. E-commerce sites also cater to a consumer product that uses liquid packaging. It includes personal care products, cosmetics, over-the-counter medications, topical solutions and household care products. Also, e-commerce co-packers are requesting custom packaging strategies that reduce lead time. The increasing demand from food & beverage, cosmetics and pharmaceutical industries is expected to drive the size of the liquid packaging.
The fast-paced lifestyle, as well as enhanced convenience of bottled beverages compared to other packaging types, such as glass bottles, is another major driver of the growth of liquid packaging market size.
The growing demand for eco-friendly packaging is driving the demand for liquid packaging market size. Liquid carton packaging is increasingly preferred due to its recyclability and environmentally friendly features.
www.reports.valuates.com/market-reports/ALLI-Manu-0V31/liquid-packaging
