Packaging of Liquids Market to Grow with a CAGR of 5.24% through 2028
The emerging technological advancements in packaging
materials is expected to drive the Global Packaging of Liquids Market growth in
the forecast period, 2024-2028.
According to TechSci Research report, “Packaging of
Liquids Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028”, the Global Packaging of Liquids Market stood at
USD371.15 billion in 2022 and is anticipated to grow with a CAGR of 5.24% in
the forecast period, 2023-2028. The initiatives taken by government based on packaging
of liquids has led to favorable market conditions for the Global Packaging of
Liquids Market. Several factors contribute to the growth of various packaging
of liquids Market products The US Environmental Protection Agency (EPA) is
actively working to promote sustainable packaging practices. Through its
initiatives, the agency not only provides information and resources but also
collaborates with businesses and consumers to encourage the adoption of better
packaging practices. By raising awareness about the environmental impact of
packaging and offering guidance on sustainable alternatives, the EPA aims to
drive positive change and reduce the overall ecological footprint. Governments
around the world are taking decisive actions to combat the issue of single-use
plastics and minimize waste. In an effort to encourage the use of more
sustainable alternatives, numerous countries have implemented bans on specific
items such as plastic straws. Additionally, these regulations often require
that alternative options be made from biodegradable materials, further
promoting the shift towards environmentally friendly practices. These proactive
measures are crucial in addressing the global plastic waste crisis and
fostering a more sustainable future for our planet.
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Packaging of Liquids Market.”
The rapid
technological advancements in packaging materials have brought about a
significant transformation in the packaging market. Notably, the emergence of
eco-friendly materials that address environmental concerns has played a pivotal
role in driving market growth. With the increasing demand for sustainable
solutions, biodegradable and recyclable materials like plant-based plastics and
paper-based packaging have gained popularity. These materials not only reduce
the carbon footprint but also resonate with eco-conscious consumers, thereby
enhancing brand reputation and acting as a major growth-inducing factor. Moreover,
the integration of smart packaging technologies has revolutionized the way
packaging interacts with consumers. Innovative features such as quick response
(QR) codes, near field communication (NFC), and radio frequency identification
(RFID) embedded in packaging provide real-time information to consumers. This
enhanced consumer engagement further fuels the market growth, as consumers are
empowered with valuable insights into product details and usage. Furthermore,
the incorporation of nanotechnology has significantly enhanced the barrier
properties of packaging. By effectively extending the shelf life of products
and providing protection against oxygen and moisture, nanotechnology plays a
crucial role in preserving product freshness. This aspect creates a positive
market outlook, as consumers are increasingly seeking products that retain
their quality and freshness for a longer duration. In summary, the packaging
industry is witnessing a remarkable shift driven by technological advancements,
eco-friendly materials, smart packaging technologies, and the incorporation of
nanotechnology. These factors collectively contribute to the growth and
development of the market, catering to the evolving needs and preferences of
consumers worldwide.
The Global
Packaging of Liquids Market is segmented into technology, end user, regional
distribution, and company. Based on its technology,
the aseptic liquid packaging segment held the largest share in the market. This
is largely attributed to the increasing demand for aseptic liquid packaging
solutions, which are crucial for ensuring the safety and quality of food and beverage
products, as well as pharmaceutical sterile liquid packaging. These advanced
packaging techniques help maintain the integrity and freshness of the contents,
extending their shelf life and minimizing the risk of contamination. Based on
region, Asia Pacific segment is expected to grow during the forecast period.
This is primarily due to the significant presence of
populous countries such as India and China, which boast a vast consumer base
for food and beverages, as well as other end-users of liquid packaging. The
sheer size and diversity of these markets create immense opportunities for the
growth and expansion of the liquid packaging industry. With a burgeoning middle
class and increasing disposable incomes, the demand for packaged liquids is
expected to witness a steady rise in the coming years. As a result, manufacturers
and suppliers in this sector are poised to capitalize on this ever-expanding
market potential.
Major companies operating in Global Packaging of
Liquids Market are:
- AMCOR LTD.
- BERRY GLOBAL GROUP INC.
- Constantia Flexibles GmbH
- GERRESHEIMER AG
- GOGLIO S.P.A.
- MONDI PLC
- PROAMPAC LLC
- REYNOLDS GROUP HOLDINGS LTD.
- SEALED AIR CORPORATION
- SMURFIT KAPPA GROUP PLC
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“Growing application of packaging of liquids in
various end user industries are key drivers of the packaging of liquids market.
Growth in competitive landscape and presence of well-established companies in
the market who are dedicated to enhance their productivity of packaging of liquids
with every passing year are anticipated to register an impressive growth to Global
Packaging of Liquids Market in the forecast period.,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based management consulting
firm.
“Packaging of Liquids Market By Technology (Aseptic
Liquid Packaging, Blow Molding, Form Fill Seal), By End User (Food &
Beverage, Personal Care, Pharmaceutical, Household Care, Industrial, Others), By Region, By Competition Forecast & Opportunities, 2018-2028F”, has evaluated
the future growth potential of Global Packaging of Liquids Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Packaging of Liquids Market.
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