Global Liquid Packaging Market: Highlights
·
The
global Liquid packaging market is
projected to grow at a CAGR of nearly 5% between 2019 and 2027. Expansion
of the global liquid packaging market is driven by the increase in consumption
of beverage, along with an increase in focus on brand image through innovative
packaging.
·
The
food & beverage industry has been a key driver of the global liquid packaging
market. Expansion of the packaged food industry is anticipated to boost the
demand for liquid packaging during the forecast period. Additionally, rise in
consumption of aerated drinks is likely to drive the liquid packaging market in
the near future.
·
Increase
in focus on health and fitness is estimated to propel the demand for bottled
water in developed countries. This trend is likely to continue during the
forecast period, making the expansion of end-use industries a key driver of the
liquid packaging market.
·
Increasing
focus on health and hygiene is driving the consumption of bottled water in
developing countries such as India, China, and countries in GCC. Increase in
the demand for packaged drinking water is estimated to propel the global liquid
packaging market.
·
Minimalistic
packaging design that is elegant and simple and creation of appealing
aesthetics by eliminating non-essential content are expected to be key trends
in the next few years.
Global
Liquid Packaging Market: Segmental Trends
·
In
terms of product type, rigid packaging held majority of the share in global
liquid packaging market in 2018. The
rigid packaging segment can be further split into paperboard, bottles, cans,
drums & containers, and others. The significant market share is attributed
to the excessive usage of plastic bottles in the food & beverage,
pharmaceutical, and personal care end-user industries.
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The flexible packaging segment can
be further sub-segmented into films, sachets, pouches, and others.
·
Plastics
segment dominated the global liquid packaging market by raw material in 2018.
The high share is attributed to the excellent cost-to-performance ratio,
lightweight, and portability of plastic.
·
In
terms of technique, the liquid packaging market has been segregated into aseptic
packaging, modified atmosphere packaging, vacuum packaging, and intelligent
packaging. Modified atmosphere packaging was the dominant technique segment,
accounting for a major share of the market in 2018.
·
Food
& beverage end-use segment accounted for more than 25% share
in global liquid packaging market. The food & beverage segment is
anticipated to expand at a significant growth rate during the forecast period.
Expansion of the segment is attributed to the increasing focus on health and
hygiene, which is driving the consumption of bottled water in developing
countries such as India, China, and countries in GCC.
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Global Liquid Packaging Market:
Regional Highlights
·
Asia
Pacific witnessed a significant demand for liquid packaging in 2018, accounting
for more than 35% share of
the market in 2018. This is
due to the expansion of food & beverage and pharmaceutical sectors,
favorable government policies for manufacturers, and the shifting of the
production facilities by major players due to the low labor and operating
costs.
·
The
market in North America is expected to expand at a moderate growth rate during
the forecast period. The significant contribution from the U.S., which is
considered to be a prominent market for liquid packaging, and the increasing
usage of paper products in the region are expected to drive the demand for
liquid packaging in North America in the near future.
·
The
European liquid packaging market is likely to growth at a moderate pace owing
to demand from food & beverages and cosmetics industries. Plastics &
paper liquid packaging product are anticipated to grow at a decent pace as
consumers and manufacturers tend to avoid glass & metal packaged products
as they add-on shipping & operation cost.
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Key Developments in Global Liquid
Packaging Market
·
In March
2020, Smurfit Kappa’s TopClip solution launched by beer
brewer Royal Grolsch as a paper-based replacement for the plastic shrink wrap
currently used on their can multi-packs.
·
In March
2020, Smurfit Kappa launched a new tap for soft drink and wine
dispenser used in Bag-in-box packaging.
·
In February
2020, Liquibox acquired DS Smith plc’s plastic division to
strengthen flexible packaging and dispensers business. This has also expanded
range of bag, films and dispensing fitments to global customers.
·
In February
2020, Smurfit Kappa announced its strategy to expand in
Americas with an investment of US$ 36 Mn for paper sack business. This will
strengthen Smurfit Kappa’s customer offerings.
·
In November
2019, Smurfit Kappa launched new corrugated packaging solution
for single-use plastic used in bundling bottled and canned beverages.
·
In October
2019, International Paper APPM Limited sold its printing
paper business to West Coast Paper Mills Limited to pursue alternative
investment opportunities.
·
In October
2019, Smurfit Kappa joined with HVC and Bluemats companies for
the first full beverage carton recycling plant in the Netherlands.
·
In August
2018, Comar introduced SecureCap® QuarterLoc™ child resistant
closure, a one-piece push-and-turn bottle closure that requires only a quarter
turn to apply or remove.
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Global Liquid Packaging Market:
Competition Landscape
·
Brand
managers are under pressure to develop new products with differentiation owing
to an extremely competitive and fast-moving consumer market. Packaging design
is a key driver for sales, as consumers have become brand conscious.
·
Companies
operating in the global market for liquid packaging are focusing on
in-licensing and collaboration agreements in order to launch new products in
emerging markets such as Asia Pacific, and Latin America.
·
Key
players covered in this report include Tetra Laval International S.A.,
Comar LLC, Evergreen Packaging Inc., Liqui-Box Corporation, BillerudKorsnäs AB,
International Paper Company, Klabin Paper, Nippon Paper Industries Co., Ltd., Smurfit
Kappa Group, The DOW Chemical Company, and Mondi PLC.
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