Global demand for liquid packaging approached US$428.5 billion in 2018 and is expected to exceed US$657.5 billion by 2027. Changing consumer behavior and increasing migration of population from rural to urban areas are driving the liquid packaging market.
Liquid packaging is widely used in the food & beverage and pharmaceutical industries to facilitate the transportation of liquid goods and increase the shelf life of products.
The expansion of the liquid pharmaceutical and food & beverage industries is driving the demand for liquid packaging.
In developing countries such as India, China and the Gulf States, growing health and hygiene concerns are driving the consumption of liquid-based items. In addition, increasing focus on brand image through packaging and changing consumer behaviour is also expected to drive the liquid packaging market. In addition, high fixed investments and rising personal incomes are likely to drive the growth of liquid packaging.
In terms of product type, rigid packaging has accounted for the majority share of the global liquid packaging market in recent years. The rigid packaging segment can be further divided into cardboard, bottles, cans, drums and containers. The large market share is attributed to the high demand for liquid packaging in the food and beverage, pharmaceutical and personal care sectors.
In terms of packaging type, the liquid packaging market can be segmented into flexible and rigid. The flexible packaging segment can be further segmented into films, pouches, sachets, shaped bags and others. Liquid pouch packaging is widely used for detergents, liquid soaps and other home care products and has a huge impact on the overall market for the products. The rigid packaging segment can be further segmented into cardboard, bottles, cans, drums and containers, etc.
Technically, the liquid packaging market is segmented into aseptic packaging, modified atmosphere packaging, vacuum packaging and smart packaging.
In terms of industry, the food and beverage end market accounts for over 25% of the global liquid packaging market. The food and beverage end market accounts for an even larger share.
The pharmaceutical market will also increase the use of liquid pouch packaging in over-the-counter products, which will stimulate the growth of the liquid packaging market. Many pharmaceutical companies tend to launch their products through the use of liquid pouch packaging.
Post time: Aug-31-2022