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Liquid Packaging Market: Exploring Technological Advancements and Growth Drivers in the Industry
Liquid Packaging Market
As per the report, the liquid packaging market size has grown strongly in recent years. It will grow from $475.82 billion in 2023 to $507.27 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The liquid packaging market size is expected to see strong growth in the next few years. It will grow to $681.84 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.
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Surging Demand For Flexible Packaging Fuels Growth In The Liquid Packaging Market
Increasing demand for flexible packaging is significantly contributing to the growth of the liquid packaging market going forward. Flexible packaging refers to a type of packaging whose shape can readily be changed when filled or during use. Flexible packaging is mostly used in liquid packaging because it is easy to transport and it increases the durability of the product. For instance, in May 2022, according to an article shared by Sustainable Packaginig News, the demand for flexible packaging solutions is growing across the F&B business applications because of the fact that using flexible materials like aluminium for packaging solutions could result in 75% fewer carbon emissions than other alternatives. The use of flexible packaging for food goods is being considered by many food businesses. By 2028, it's expected that the market would increase above its current estimated value of USD 390 billion thanks to new trends that are reshaping the flexible packaging sector portfolio. Therefore, increasing demand for flexible packaging is driving the growth of the liquid packaging market.
Proampac's Innovative Makr Design Configurator Leads The Way
Technological advancement is a key trend gaining popularity in the liquid packaging market. Major companies operating in the liquid packaging sector are focused on technological advancements to sustain their position in the market. For instance, in August 2021, ProAmpac, a US-based flexible packaging company, launched an online packaging design configurator, MAKR. This allows the ideation and designing of custom 3D packages in innovative formats, sizes, and shapes as per their requirements. With the help of virtual technology, people can estimate the exact size of the package.
The liquid packaging market covered in this report is segmented -
1) By Packaging: Rigid, Flexible
2) By Technology: Blow Moulding, Form Fill, Aseptic
3) By Packaging Material: Polyethylene, Polypropylene, Polyethylene Terephthalate, Other Packaging Materials
4) By End User: Food and Beverage, Personal Care, Pharmaceutical, Household Care, Other End-Users
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Major companies operating in the liquid packaging market include Berry Global Inc., Amcor Limited, Constantia Flexibles, Goglio S.p.A, Gerresheimer AG, Mondi PLC., ProAmpac Intemediate Inc, Sealed Air Corporation, Smurfit Kappa PLC, Tetra Laval, Evergreen Packaging, International Paper, The DOW Chemical Company, Billerudkorsnas AB, Reynolds Group Holdings Ltd, SIG Combibloc Group Ltd, Sonoco Pro, Comar LLC, Liqui-Box Corporation, Klabin Paper SA, Nippon Paper Industries Co, Scholle IPN, Bemis Company, Sealed Air, Winpak Ltd., Visy Industries, DS Smith, WestRock, Uflex limited, Comar
Contents of the report:
1. Executive Summary
2. Liquid Packaging Market Report Structure
3. Liquid Packaging Market Trends And Strategies
4. Liquid Packaging Market - Macro Economic Scenario
5. Liquid Packaging Market Size And Growth
…..
27. Liquid Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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