Global Liquid Packaging Market Poised for Exponential Growth, Projected to Reach US$ 692.3 Bn by 2031

The global liquid packaging industry, valued at US$ 461.0 Bn in 2022, is poised for robust growth at a CAGR of 4.6% from 2023 to 2031, reaching a projected US$ 692.3 Bn by the end of 2031. The market's expansion is driven by the organic mode of expansion in the food & beverages sector, emphasizing packaged beverages. The ease of handling, transportation, and consumption of such beverages is a key factor, along with the thematic marketing opportunities they offer.

Request your sample copy today: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=18827&utm_source=Openpr&utm_campaign=Amit

The Power of Thematic Packaging in Liquid Packaging Market Growth

As the liquid packaging industry thrives, the emphasis on establishing brand images through packaging in the food & beverages sector becomes more pronounced. Consumers, driven by hectic schedules, are increasingly inclined towards conveniently packaged beverages. The surge in demand for bottled drinking water, particularly in developing economies like India, adds further momentum to market progress.

In the post-COVID era, heightened awareness of health and hygiene has become a global phenomenon, significantly impacting consumer behavior. Bottled water is expected to continue its upward trajectory in the liquid packaging market, reflecting the ongoing emphasis on health-conscious choices.

Diverse Packaging Solutions: Aiding Convenience and Hygiene

Packaged beverages come in various forms such as pouches, cans, and bottles, offering consumers a range of choices based on their preferences. The packaging not only ensures convenience and portability but also prioritizes safety and cleanliness. Packaging plays a crucial role in maintaining the integrity of products and protecting them from external contaminates.

Liquid packaging can be classified as rigid or flexible, with the former being preferred globally due to its ease of transport and exceptional shelf-life. Rigid packaging is widely used for pharmaceuticals, disinfectants, cosmetics, and personal care products.

Rise in Demand for Packaged Beverages Driving Market Growth

The global food & beverages sector is experiencing substantial expansion, leading to increased focus on building brand images through packaging. Consumer behavior is shifting towards brand-consciousness and loyalty, driving the preference for robust packaging that facilitates long-distance transportation.

Sustainability and lightweight characteristics are becoming pivotal factors driving the adoption of packaged beverages globally. The demand for cans, a versatile form of packaging customizable with captivating graphics, is steadily increasing, further boosting the global liquid packaging industry.

For Customization of this Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=18827&utm_source=Openpr&utm_campaign=Amit

Hygiene Awareness Fuels Demand for Bottled Drinking Water in Developing Economies

Post-pandemic, there has been a significant rise in awareness regarding health and hygiene, particularly in developing countries like India and China. This has translated into a heightened demand for clean drinking water in these regions.

In India, initiatives such as providing bottled drinking water at reasonable prices on railway platforms by Indian Railways, and distribution of bottled drinking water by travel companies, contribute to the adherence of health and hygiene practices and enhance brand value.

Regional Dynamics: Asia Pacific Takes the Lead

Asia Pacific dominates the global liquid packaging market share, attributed to the expansion of pharmaceutical and food & beverages sectors, coupled with supportive government policies. Leading companies in the liquid packaging landscape are shifting their manufacturing facilities to Asia Pacific, capitalizing on lower labor and operating costs, further boosting the market size in the region.

North America holds a considerable share of the global industry, with significant demand for liquid packaging observed in the U.S. In Europe, the demand for liquid container solutions is notably high among cosmetic products and wine & spirits manufacturers.

Analysis of Key Players

Leading players in the liquid packaging market are focusing on collaborations and in-licensing agreements in order to launch novel products. They are increasingly emphasizing on introducing innovative packaging designs considering the rise in brand consciousness among consumers across the globe.

Tetra Laval International S.A., Comar LLC, Evergreen Packaging Inc., Liqui-Box Corporation, BillerudKorsnas AB, International Paper Company, Klabin Paper, Nippon Paper Industries Co., Ltd., Smurfit Kappa Group, The Dow Chemical Company, and Mondi Plc are the prominent companies that have been profiled in the liquid packaging market report.

Regions Covered

North America
Europe
Asia Pacific
Latin America
Middle East & Africa


Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=18827<ype=S&utm_source=Openpr&utm_campaign=Amit

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453

This release was published on openPR.