Liquid Packaging Market by Material (Plastics, Paperboards, Glass, Metal, and Others), Technology (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal), Packaging Format (Flexible and Rigid), End-use Industry (Food & Beverage, Personal Care, Pharmaceutical, Household Care, and Industrial), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2022-2031

Advanced Materials

MA20117782

Pages: 289

Mar 2023

Reports Overview

Global Liquid Packaging Market Analysis

The Global Liquid Packaging Market Size was $363.4 billion in 2021 and is predicted to grow with a CAGR of 4.6%, by generating a revenue of $566.3 billion by 2031.

Global Liquid Packaging Market Synopsis

The increase in demand for packaged liquids from various industries such as food and beverage, pharmaceuticals, personal care, and household chemicals is expected to drive the liquid packaging market during the forecast period. Currently, many manufacturers across the world are looking for ways to reduce the environmental impact of their packaging. Materials such as cornstarch, biodegradable polymers, and recycled paper are more sustainable and decompose much faster than traditional petroleum-based plastics. This reduces the amount of waste that ends up in landfills and helps to reduce the carbon footprint of the manufacturing process. Consumers are looking for packaging solutions that are easy to use, store, and carry while traveling. Manufacturers are offering packaging solutions that are compact and lightweight, thereby making them ideal for on-the-go consumers. These factors are anticipated to boost the liquid packaging industry growth in the upcoming years.

However, the cost of producing and distributing liquid packaging can be high, especially for smaller companies with limited resources. This can limit their ability to compete with larger players in the market. Furthermore, the market for liquid packaging is majorly dependent on the growth of industries that use liquid products, such as food and beverage, pharmaceuticals, and cosmetics. Any slowdown or decline in these industries can have a negative impact on the demand for liquid packaging products.

The increase in demand for liquid packaging for packaged beverages, dairy products, and pharmaceuticals is driving the growth of the market. The rising consumer preference for convenience, portability, and ease of use is also contributing to the market expansion. Moreover, the growing concerns regarding environmental sustainability and the need for eco-friendly packaging solutions are creating new opportunities for the liquid packaging market growth. Many companies are investing in sustainable packaging solutions owing to the increase in popularity and use of recyclable and biodegradable materials. The liquid packaging market is expected to continue to grow and evolve, as new technologies and materials emerge, and as consumer preferences and environmental concerns continue to shape the industry. The liquid packaging market offers significant opportunities for manufacturers to meet the changing needs and preferences of consumers, particularly in the areas of convenience, sustainability, and quality.

According to regional analysis, the Asia-Pacific liquid packaging market accounted for the highest market share in 2021 and is anticipated to be the fastest growing region during the forecast period. The Asia-Pacific liquid packaging market is predicted to witness significant growth in the upcoming years, driven by the region's rapidly growing demand and developing economy, as well as changing consumer preferences for convenient and sustainable packaging options.

Liquid Packaging Overview

Liquid packaging is a kind of multilayer packaging, used to protect different liquid items such as juices, water, milk, purees, sauces, and others during transportation from spilling or physical or chemical damage. Liquid packaging includes protective layers that operate as a barrier, protecting the product from exterior influences such as light exposure or contamination from external viruses and germs. Glass, metal, polymers, and paperboard are some of the materials used to package liquid items. Liquid packaging is used in the food and beverage industry to pack a variety of liquid items such as carbonated drinks, milk, alcohol, beverages, dairy products, and others.

COVID-19 Impact on Global Liquid Packaging Market

The COVID-19 pandemic had a moderate impact on the liquid packaging market. There was an increase in demand for liquid packaging in sectors such as healthcare, as well as for products like hand sanitizers and cleaning solutions during the pandemic. The COVID-19 pandemic brought several uncertainties, leading to severe economic losses as various businesses across the world were standstill. The outbreak led to a rise in demand for packaged liquid products, such as beverages and cleaning products, as consumers stocked up on essential goods. The global liquid packaging market saw significant growth due to the rise in demand for safe, hygienic, and disposable packaging. As a result of many governments' lockdown restrictions, the globe shifted to online shopping for both essential and non-essential goods. Therefore, the majority of e-commerce platforms, including Amazon, Flipkart, and others increased their focus on the use of protective packaging. Many companies have increased their production capabilities to meet the growing demand.

Growing Applications of Liquid Packaging in the Food and Beverage Sector to Drive the Market Growth

Liquid packaging has immense applications across day-to-day products. For instance, the food and beverage industry is one of the largest consumers of liquid packaging products. The increase in popularity of on-the-go food and drinks and the convenience of pre-packaged items has led to a surge in demand for liquid packaging products. This has resulted in the development of innovative packaging solutions that are specifically designed for the food and beverage industry. These packaging solutions are not only safe and secure but also enhance the shelf life and appearance of the products. The growing trend of health consciousness among consumers has also boosted the demand for liquid packaging products. People are more concerned about the nutritional value and quality of the food and drinks they consume, and therefore, prefer products that are packaged in safe and hygienic containers. The food and beverage industry uses liquid packaging to offer healthier food options to consumers, while also ensuring the safety and quality of the products. The growing demand for packaged food and drinks, the increasing trend of health consciousness, and the need for eco-friendly packaging solutions are the major drivers of the liquid packaging market growth.

To know more about global liquid packaging market drivers, get in touch with our analysts here.

High Cost of Raw Materials to Restrain the Liquid Packaging Market Growth

The high cost of raw materials used to manufacture food packaging cartons is projected to hamper the liquid packaging market growth. The cost of raw materials is one of the most significant factors affecting the pricing of liquid packaging products. Raw materials used in the production of liquid packaging can vary depending on the type of packaging, the intended use, and the market demand. Some of the primary raw materials used in the liquid packaging industry include paperboard, plastic resins, aluminum, and glass. The cost of these materials can fluctuate depending on factors such as supply and demand, transportation costs, and government regulations. These are the major factors anticipated to hamper the liquid packaging market growth during the forecast period.

Growing Demand for Premium Packaging to Drive Excellent Opportunities in the Market

The increase in demand for high-end and premium products is leading to the growth of premium liquid packaging options. Consumers are willing to pay extra for premium packaging that not only protects the product but also adds to its aesthetic appeal. This has led to the introduction of various innovative liquid packaging solutions such as airtight containers, shatterproof bottles, and sleek designs that cater to the high-end market. Moreover, the rise in e-commerce and online shopping has increased the need for premium packaging solutions that can withstand rough handling during transportation and ensure that the product reaches the customer in its original condition. All these are the factors projected to further create several growth opportunities for the key players operating in the liquid packaging market in the upcoming years.

To know more about global liquid packaging market opportunities, get in touch with our analysts here.

Global Liquid Packaging Market, by Material

Based on material, the market has been divided into plastics, paperboards, glass, metal, and others. Among these, the plastics sub-segment accounted for the highest market share in 2021, as well as it is estimated to show the fastest growth during the forecast period.