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Liquid Packaging Market is Projected to grow at a CAGR of 4.90% in the forecast period to 2032

Sep 27, 2023 11:00 PM ET

Liquid Packaging Market is Projected to grow at a CAGR of 4.90% in the forecast period to 2032

Liquid Packaging Industry Overview:

The study documents by MRFR state that the Liquid Packaging Market Research Report Information by Material, Packaging Type, Region, Technology and End User – Forecast Till 2032, the Liquid Packaging market is predicted to expand substantially during the evaluation era from 2022 to 2032 at a sizable CAGR of closely 4.90%. The study documents suggest projections related to the global market’s mounting revenue data, which will likely attain a market of USD 512.9 billion by the end of 2032. The Liquid Packaging market has recently advanced. Consumer demand for practical and environmentally friendly packaging options is the main feature causing a rise in market performance. Furthermore, the increased beverage consumption is also considered to be one of the prime aspects causing a surge in the global market performance. Moreover, factors such as stringent packaging material requirements and evolving lifestyles are also projected to boost the global market’s growth over the coming years. Different liquid packaging formats, such as cans, pouches, cartons, bottles, and have opportunities.

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Competitive Analysis

  • Constantia Flexibles
  • Tetra Laval
  • Smurfit Kappa Group PLC
  • Berry Global Group INC.
  • Gerresheimer AG
  • Sig Combibloc Group AG
  • Goglio S.P.A.
  • Proampac LLC
  • Reynolds Group Holdings LTD.
  • Amcor PLC.
  • Mondi PLC
  • Sealed Air Corporation
  • Sonoco Products Company

Market Drivers

The Liquid Packaging market has recently advanced. Consumer demand for practical and environmentally friendly packaging options is the main feature causing a rise in market performance. Furthermore, the increased beverage consumption is also considered to be one of the prime aspects causing a surge in the global market performance. Moreover, factors such as stringent packaging material requirements and evolving lifestyles are also projected to boost the global market’s growth over the coming years. Different liquid packaging formats, such as cans, pouches, cartons, bottles, and have opportunities.

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Segment Analysis

The global liquid packaging market has been fragmented based on Material, Packaging Type, Technology, and End User.

Based on Material, the global market for liquid packaging is fragmented into Paperboard, Plastics, Glass, Metal, and Others. The plastics segment dominated the market in 2022.

Based on Packaging Type, the global liquid packaging market has been fragmented into Flexible and rigid.

Based on Technology, global market for liquid packaging has been fragmented into Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal.

Based on End Users, global market for liquid packaging has been fragmented into Food and beverage, Personal Care, Pharmaceutical, Household Care, Industrial, and Others.

Regional Analysis

The study offers market data by region for North America, Asia-Pacific, Europe, and the Rest of the World.

The study documents by MRFR entail that The Asia-Pacific region ensured the prime position across the Liquid Packaging market in 2022, with a maximum share of about 45.80%. The area is recognized for dynamic development contributors such as China, India, and Indonesia. The primary aspect boosting the development of the regional Liquid Packaging market is the expansion of the pharmaceutical and food & beverage industries. Furthermore, the relocation of manufacturing facilities given to the area’s low operating and labor expenses is also considered to be one of the vital aspects causing a surge in the growth of the regional market.

The North American Region secured the second position across the Liquid Packaging market. The area is recognized for dynamic development contributors such as Mexico, Canada, and the U.S. The huge need for liquid packaging is the primary aspect boosting the development of the regional Liquid Packaging market. Furthermore, the region’s increased preference for paper products over other damaging materials is also considered to be one of the vital aspects causing a surge in the regional market’s growth.

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 The European Region is anticipated to showcase the highest growth rate across the global market for liquid packaging over the assessment era. The area is recognized for dynamic development contributors such as Germany, France, and the U.K. The primary aspect boosting the development of the regional Liquid Packaging market is the presence of some of the strictest rules and requirements regarding packaging materials, environmental sustainability, and food safety. Regulations seeking to guarantee the safety of products, encourage proper hygiene, and protect the environment are also projected to boost the regional market’s growth. These regulations help the growth of the liquid packaging industry in Europe by encouraging the adoption of cutting-edge, ecologically friendly packaging choices.

The liquid packaging market for the Latin American region is likely to grow substantially over the coming years, given factors such as demand for practical & environmentally friendly packaging, growing packaged food business & beverage consumption, and shifting customer preferences.

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.

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