Liquid Packaging Market Size, Share & Analysis Report, 2022-2030
The global liquid packaging market size was valued at USD 462.58 billion in 2021 and is predicted to hit around USD 716.7 billion by 2030 with a remarkable CAGR of 4.9% from 2022 to 2030.
Growth Factors:
Liquid packaging consists of the materials and packaging formats used in the packing, transportation, and storage of liquids and semi-liquids. Proper selection of liquid packaging is essential to enable its proper transportation and long-term storage. It includes rigid packaging formats such as bottles & containers and flexible packaging formats such as films, stand-up pouches, squeezable tubes, cartons, and bag-on-box. Liquid packaging can be of a single substrate or can be multi-layered laminate as in case of liquid cartons. They are used in packing both food products as well as non-food products such as chemicals.
The global liquid packaging market size is expected to witness high growth during the forecast period, owing to increase in demand in the food & beverage and pharmaceuticals industries. The food & beverage, cosmetics, and the pharmaceutical industries have one of the largest consumer bases globally, and these industries are also the major end users of liquid packaging. Increase in disposable income and change in lifestyles have affected the consumption patterns, leading to higher demand for packaged beverage products and other FMCG products. E-commerce platforms also cater to every consumer good that use liquid packaging. It includes personal care products, cosmetics, over-the-counter drugs, topical solutions, and household care products. Furthermore, e-commerce co-packers demand customized packaging solutions that reduce lead time. Hence, the growth of the FMCG (Fast-moving consumer goods) industry will boost the demand for liquid packaging during the forecast period. Furthermore, advantages of flexible liquid packaging such as convenient and easy-to-use packaging, ability to maintain freshness and enhance the shelf life of food, reduced packaging cost of food products, eliminate material wastage, and facilitate customization of packages further boost the liquid packaging market growth. New packaging products can be prototyped within a short time.
Report Scope of the Liquid Packaging Market
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Report Highlights |
Details |
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Market Size |
USD 716.7 Billion by 2030 |
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Growth Rate |
CAGR of 5% from 2021 to 2030 |
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Base Year |
2021 |
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Historic Data |
2017 to 2020 |
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Forecast Period |
2021 to 2030 |
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Segments Covered |
Packaging Type, Raw Material, Technique, End-use |
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Regional Scope |
North America, APAC, Europe, Latin America, MEAN, Rest of the World |
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Companies Mentoned |
Comar LLC, Tetra Laval International S.A., Liqui-Box Corporation, Evergreen Packaging Inc., International Paper Company, BillerudKorsnäs AB, Nippon Paper Industries Co., Ltd. |
Packaging Type Insights
In terms of value, rigid packaging emerged as a dominant segment, accounting for the major market share of over 85.5% in 2020. Rigid packaging is extensively used to manufacture the packaging solutions for pharmaceutical drugs and beverages. This is mainly because of the exceptional properties of rigid packaging over other packaging type that includes excellent shelf-life and ease of transport & carrying.
On the other side, increasing application of flexible packaging materials owing to light weight, low transportation cost, and flexibility in the size & shape of the package anticipated to boost the growth of flexible packaging solutions over the upcoming years.
Raw Material Insights
In terms of raw material, plastics led the global liquid packaging market and accounted for more than half of the value share in the year 2020. Plastics are the most preferred material in the manufacturing of packaging solutions for different end-use verticals such as pharmaceutical, food & beverage, household care, and personal care.
However, paper segment likely to exhibit significant growth over the coming years owing to its excellent properties that include better environmental protection and high recyclability. A further, stringent government norm on restricting the usage of non-degradable plastics is the other major factors that impel the demand for paper materials. Suppliers of paper packaging solutions such as paperboard containers and boxes have increased their production capacities in response to meet the dynamic market conditions.
Regional Insights
In terms of region, the Asia Pacific exhibits the highest demand for liquid packaging and accounted for around 40% value share in the year 2020. This is primarily because of the favorable government policies for manufacturers, expansion in pharmaceutical and food & beverage sectors, and the shifting of the production facilities in the region due to low operating and labor costs
Besides this, North America expected to grow at a moderate rate over the forecast period. The U.S. is considered as the leading contributor towards the growth of the region because of prominent demand for liquid packaging along with rising implementation of paper products over other harmful materials in the region expected to propel the demand for liquid packaging in North America in the coming years.
Some of the prominent players in the Liquid Packaging Market include:
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
By Packaging Type
By Raw Material
By Technique
By End-use
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Key Points Covered in Liquid Packaging Market Study:
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers