Liquid Packaging Market: Snapshot

Liquid packaging is used to protect and transport liquid products. Changes in consumer behavior and a rise in the number of people migrating from rural to urban areas are driving the liquid packaging market. Liquid packaging is widely utilized in the food & beverage industry in order to facilitate the transport of liquid goods and to increase the shelf-life of products. Liquid packaging is also extensively employed in the pharmaceutical industry for packaging liquid drugs. The global liquid packaging market is anticipated to expand at significant growth rate, driven by the increasing demand from automotive, construction, and manufacturing industries.

The liquid packaging market has been segmented based on packaging type, raw material, technique, and end-use industry. In terms of packaging type, the liquid packaging market can be classified into flexible and rigid. The flexible packaging segment can be further sub-segmented into films, sachets, pouches, and others. The rigid packaging segment can be further split into paperboard, bottles, cans, drums & containers, and others. In terms of value, rigid packaging was the dominant segment, accounting for more than 88% share of the market in 2016. Rigid packaging is extensively utilized to manufacture packaging for beverages, and pharmaceutical drugs. This is due to the excellent properties of rigid packaging such as ease of transport and carrying and excellent shelf-life. However, the liquid packaging market has witnessed increasing usage of flexible materials for packaging liquid over the last few years. For instance, sachets, pouches are widely employed for packaging various personal care products in developing countries such as India. Hence, flexible packaging is expected to be a lucrative segment, especially for the personal care industry in developing countries. The rigid packaging segment is projected to expand at a significant growth rate during the forecast period.

liquid-packaging-market.jpg

In terms of raw material, plastics which encompasses materials such as PET, PP, PE, and others was the dominant segment, accounting for about 50% share of the market in 2016. Plastics are widely employed in the manufacturing of packaging for various industries such as food & beverage, pharmaceutical, personal care, and household care. Expansion of this segment is directly linked to the expansion of these industries. The plastics segment is anticipated to expand at a significant growth rate in the near future owing to the shift in consumer preferences and increased consumption of beverages across the globe. The paper segment, owing to its excellent properties such as high recyclability and better environmental protection, is expected to expand at a considerable growth rate during the forecast period. Suppliers of paper packaging such as paperboard boxes and containers have increased their manufacturing capacities in order to respond to the dynamic market conditions. For example, BillerudKorsnäs AB, recently, invested in new board machine at its production unit in Gruvon in order to meet the rising demand for sustainable packaging solutions from the global food & beverage industry. The machine has a capacity of 550,000 tons and produces liquid packaging boards, carton boards, food service boards, and liners. The investment amounts to US$ 0.69 Bn, and production is expected to start in 2019.

Based on 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 manufacturing process in 2016 accounting for a major share of the market share.

Demand for liquid packaging is major driven by the increase in consumption of beverages. Expansion of the food & beverage sector, particularly in Asia Pacific, is driving the demand for liquid packaging. Increasing focus on the health and hygiene is driving the consumption of bottled water in developing countries such as India, China, and countries in GCC. This rise in demand for packaged drinking water is estimated to drive the global liquid packaging market. Additionally, increasing focus on building brand image through packaging and shift in consumer behavior are also anticipated to propel the liquid packaging market. Furthermore, high fixed investment expenditures and increasing levels of personal income are likely to propel for liquid packaging.

In terms of region, Asia Pacific witnessed significant demand for liquid packaging, accounting for over 37% share of the market in 2016. 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 liquid packaging market in Europe is likely to contract marginally during the forecast period, as economies of countries in Europe is in the recovery phase and the region is a mature market for liquid packaging. 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 as a prominent market for liquid packaging, and increasing usage of paper products in the region are expected to drive the demand for liquid packaging in North America in the near future.

Key players profiled in the liquid packaging market 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.

Liquid Packaging Market: Overview

This report analyzes and forecasts the market for liquid packaging at the global and regional level. The market has been forecast based on revenue (US$ Mn) and volume (Billion Units) from 2017 to 2025. The study includes drivers and restraints of the global liquid packaging market. It also covers the impact of these drivers and restraints on demand for liquid packaging during the forecast period. The report also highlights opportunities in the liquid packaging market at the global and regional level.

The report comprises a detailed value chain analysis, which provides a comprehensive view of the global liquid packaging market. The Porter’s Five Forces model for the liquid packaging market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-use industries are benchmarked, based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global liquid packaging market by segmenting it in terms of packaging type, raw material, technique, and end-use industries. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand for liquid packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers the demand for individual packaging type, raw material, technique, and end-use industries in all the regions.

The study includes profiles of major companies operating in the global liquid packaging market. Key players in the liquid packaging market include Tetra Laval International S.A., Comar LLC, Evergreen Packaging Inc., Liqui-Box Corporation, BillerudKorsnäs AB, International Paper Company, Klabin S.A., Nippon Paper Industries Co., Ltd., Smurfit Kappa Group, The DOW Chemical Company, and Mondi PLC. Market players have been profiled in terms of attributes such as company overview, overall revenue, business strategies, and recent developments.

The report provides the estimated market size of liquid packaging for 2016 and forecast for the next eight years. The global market size of liquid packaging has been provided in terms of revenue and volume. Market numbers have been estimated based on packaging type, raw material, technique and end-use industries segments of liquid packaging market. Market size and forecast for each major packaging type, raw material, technique, and end-use industries have been provided in terms of global and regional markets.

The report segments the global liquid packaging market as follows:

Global liquid packaging market, by packaging type

  • Flexible
    • Films
    • Sachets
    • Pouches
    • Others
  • Rigid
    • Paperboard
    • Bottles
    • Cans
    • Drums & Containers
    • Others

Global liquid packaging market, by raw material

  • Plastics
    • PET
    • PP
    • PE
    • Others
  • Paper
  • Metal
  • Glass

Global liquid packaging market, by technique

  • Aseptic Packaging
  • Modified Atmosphere Packaging
  • Vacuum Packaging
  • Intelligent Packaging

Global liquid packaging market, by end-use industry

  • Food & Beverage
  • Personal Care
  • Pharmaceuticals
  • Chemicals
  • Household Care
  • Petrochemicals
  • Others

Global Liquid Packaging Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of MEA

Key Takeaways

  • An comprehensive analysis of the liquid packaging market trends and value shares from 2016 - 2025 to identify and track the market opportunities and industry developments
  • A draft of key factors responsible for building the upcoming opportunistic roadmap for the liquid packaging market at a global, regional, and country level
  • Extensive analysis with respect to regulatory scenario that would impact the outlook of the global liquid packaging market between 2016 - 2025
  • The report offers insights into market opportunities for various stakeholders in the value chain and a detailed competition landscape for key players dominating the industry to understand competition level
  • Value chain analysis, which includes exhaustive list of key manufacturers, raw materials suppliers, and potential customers and their level of integration and industry level SWOT analysis
  • Porters’ Five Forces highlights the efficacy of buyers and suppliers and enable stakeholders to make profit-oriented business decisions. Pricing Analysis with respect to packaging type.
  • Global, level analysis for production output coupled with Import/Export trends to better understand the supply-demand scenario.
.