Liquid Packaging Market Trends and Forecast
The future of the global liquid packaging market looks promising with opportunities in the food & drink, medicine, chemical, and cosmetic markets. The global liquid packaging market is expected to reach an estimated $442.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing demand for convenient on-the-go liquid consumption options, expansion of the beverage industry, particularly in emerging economies, and growing consumer preference for eco-friendly packaging materials.
• Lucintel forecasts that rigid liquid packaging is expected to witness the higher growth over the forecast period.
• Within this market, food & drink is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States - Coca-Cola announced investments in sustainable liquid packaging, aiming to achieve 100% recyclable or compostable packaging by 2030. Government incentives support industry efforts toward eco-friendly packaging solutions to reduce plastic pollution.
China - Tetra Pak introduced lightweight liquid packaging solutions, aligning with government targets to reduce carbon emissions and promote green manufacturing practices in the beverage industry.
Germany - SIG Combibloc launched a pilot project for digitalization of liquid packaging operations, enhancing efficiency and reducing environmental footprint. Government grants support companiesÄX%$%X adoption of advanced technologies to improve sustainability in packaging processes.
Brazil - Ambev committed to using renewable materials in its liquid packaging, aiming to achieve 50% renewable content by 2025. Government regulations mandate beverage companies to incorporate sustainable packaging materials, fostering industry-wide adoption of eco-friendly liquid packaging solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Liquid Packaging by Segment
The study includes a forecast for the global liquid packaging by type, application, and region.
Liquid Packaging Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Flexible Liquid Packaging
• Rigid Liquid Packaging
Liquid Packaging Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Food & Drink
• Medicine
• Chemical
• Cosmetic
• Others
Liquid Packaging Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Liquid Packaging Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies liquid packaging companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the liquid packaging companies profiled in this report include-
• International Paper
• Tetra Pak International
• Smurfit Kappa
• Mondi
• Weyerhaeuser
• Billerudkorsnas
• Sidel
Recent Development in the Liquid Packaging Market
Coca-Cola: Coca-Cola announced a major initiative to transition to plant-based liquid packaging materials, aiming to reduce its carbon footprint and promote sustainability in the beverage industry.
Tetra Pak: Tetra Pak unveiled a breakthrough in liquid packaging technology, introducing a new generation of recyclable packaging materials with improved barrier properties, ensuring product freshness and reducing environmental impact.
SIG Combibloc: SIG Combibloc introduced a digitalization initiative for liquid packaging operations, implementing advanced automation and data analytics technologies to enhance efficiency, quality control, and sustainability throughout the packaging process.
Ambev: Ambev launched a comprehensive sustainability program focusing on liquid packaging, including investments in research and development of renewable materials and recycling infrastructure to reduce environmental impact and promote circular economy practices.
Features of the Global Liquid Packaging Market
Market Size Estimates: Liquid packaging market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Liquid packaging market size by type, application, and region in terms of value ($B).
Regional Analysis: Liquid packaging market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the liquid packaging market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the liquid packaging market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the liquid packaging market size?
Answer: The global liquid packaging market is expected to reach an estimated $442.5 billion by 2030.
Q2. What is the growth forecast for liquid packaging market?
Answer: The global liquid packaging market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the liquid packaging market?
Answer: The major drivers for this market are increasing demand for convenient on-the-go liquid consumption options, expansion of the beverage industry, particularly in emerging economies, and growing consumer preference for eco-friendly packaging materials.
Q4. What are the major segments for liquid packaging market?
Answer: The future of the global liquid packaging market looks promising with opportunities in the food & drink, medicine, chemical, and cosmetic markets. The global liquid packaging market is expected to reach an estimated $442.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030.
Q5. Who are the key liquid packaging market companies?
Answer: Some of the key liquid packaging companies are as follows:
• International Paper
• Tetra Pak International
• Smurfit Kappa
• Mondi
• Weyerhaeuser
• Billerudkorsnas
• Sidel
Q6. Which liquid packaging market segment will be the largest in future?
Answer: Lucintel forecasts that rigid liquid packaging is expected to witness the higher growth over the forecast period.
Q7. In liquid packaging market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the liquid packaging market by type (flexible liquid packaging and rigid liquid packaging), application (food & drink, medicine, chemical, cosmetic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Liquid Packaging Market Market, Liquid Packaging Market Market Size, Liquid Packaging Market Market Growth, Liquid Packaging Market Market Analysis, Liquid Packaging Market Market Report, Liquid Packaging Market Market Share, Liquid Packaging Market Market Trends, Liquid Packaging Market Market Forecast, Liquid Packaging Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.