Report Ocean recently released its “Liquid Packaging Market” Research Report for the years 2023-2032. This report conducts an extensive examination of the market, delving deep into its dynamics, encompassing crucial trends, emerging technologies, driving forces, challenges, and regulatory measures. In addition, it provides insights into the strategies and profiles of key industry players. Comprising over 100+ data tables, pie charts, graphs, and figures, this global market study offers a comprehensive understanding of the market landscape. It delivers a thorough evaluation, encompassing future trends, current growth drivers, expert perspectives, factual insights, and industry-validated market data, all of which contribute to precise forecasts extending until 2032.
The global liquid packaging market was valued at $331.8 billion in 2019, and is projected to reach $463.2 billion by 2027, registering a CAGR of 4.5% from 2020 to 2027. Liquid packaging is used for protecting and increasing the shelf life of liquid and semi-liquid products. It seals the contents from factors such as pollution, physical damage, and sunlight; thereby, making it easier for transportation and storage. Liquid packaging is designed in two basic forms, which include rigid and flexible. Rigid packaging is an old concept that includes various types of bottles and containers. Rigid liquid packaging is the most-widely used packaging type of liquid packaging. It includes cartons, paperboard, glass, cans, plastics, and PET bottles. They are widely used to pack liquid products such as water, carbonated drinks, alcohol, beverages, dairy products, and others. Flexible packaging includes packaging films, various types of cartons, stand-up pouches, bag-in-box, and sachets.
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In order to be able to fulfill rising demand, the chemical industry invests billions of dollars each year in new and sustaining capital. Chemicals and materials are omnipresent in contemporary life, therefore major changes will be required for chemical makers to function in a changing geopolitical environment on a global scale, either proactively or reactively. Chemical firms will probably need to prepare for difficulties in the upcoming year, such as global inflation and oil price instability.
Who is the largest manufacturers of Liquid Packaging Market Worldwide ?
Amcor Limited, Berry Global, Constantia Flexibles, Gerresheimer AG, Goglio S.p.A., MONDI Plc, ProAmpac, Reynolds Group Holdings Ltd., Sealed Air Corporation, SIG Combibloc Group Ltd., Smurfit Kappa, Sonoco Products Company, and Tetra Laval.
Has there been any international intervention to address the Russia-Ukraine War?
Minsk Agreements: The Minsk Agreements are a set of ceasefire agreements aimed at resolving the conflict in Eastern Ukraine. They were negotiated through the Organization for Security and Cooperation in Europe (OSCE) with the involvement of Russia, Ukraine, and representatives of the self-proclaimed Donetsk and Luhansk People’s Republics. These agreements have been a centerpiece of diplomatic efforts, but they have not led to a comprehensive resolution of the conflict.
Normandy Format: The Normandy Format is a diplomatic group involving the leaders of Ukraine, Russia, Germany, and France. This format has been used to facilitate negotiations and discussions aimed at resolving the conflict, but it has faced numerous challenges and has not resulted in a lasting peace settlement.
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OSCE Monitoring Mission: The Organization for Security and Cooperation in Europe (OSCE) has deployed a Special Monitoring Mission (SMM) to Ukraine. This mission’s purpose is to monitor the security situation, report on violations, and facilitate dialogue between the conflicting parties.
Sanctions: Many Western countries, including the United States and the European Union, imposed economic sanctions on Russia in response to its actions in Ukraine. These sanctions were intended to put economic pressure on Russia and encourage a diplomatic solution.
United Nations: The United Nations has been involved in various ways, including efforts to facilitate humanitarian assistance and providing a forum for international discussions on the conflict.
Humanitarian Aid: Various international organizations and countries have provided humanitarian assistance to people affected by the conflict in Ukraine.
Presently, the global liquid packaging market is driven by the food & beverages and FMCG industries. These two markets have witnessed significant growth due to the global e-commerce boom and smartphones penetration, mainly in countries such as Germany, India, China, and the U.S. In order to cater to this e-commerce surge, major liquid packaging players have set up design labs, so as to smoothen collaboration with food & beverage as well as food delivery chains. Hence, due to its extensive applications in the food & beverage, personal care, and the pharmaceutical industries, expansion of either of these industry verticals impacts the global liquid packaging market growth. Furthermore, increase in population increases the demand for beverage products. As a result, beverage companies have to step up their production, while retailers require to keep products for longer periods. Liquid packaging such as a carton or packaging film increases the shelf life of food products such as milk and juice.
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However, government policies regarding disposal and recyclability of plastics is a major threat to the global liquid packaging market. Moreover, stringent government quality standards for the use of plastics in the food & beverage industry are expected to restrain the growth of the market. On the contrary, rise in focus toward the development of 100% recyclable liquid packaging solutions; thereby, increasing the sustainability of liquid packaging will prove to be beneficial for the growth of the liquid packaging market during the forecast period. Use of nanoparticles (NPs) in food packaging applications will be a breakthrough in liquid packaging technology. Presently, the wide scale adoption of NPs is being prevented by limited data on its toxicological effects.
The global liquid packaging market is segmented by materials, technology, packaging format, end user and region. Based on materials, the global liquid packaging market is studied into paperboard, plastics, glass, metal, and others. Plastics is further sub-segmented into polyethylene, polypropylene, polyethylene terephthalate, and others. Based on technology, the global liquid packaging market is segmented into aseptic liquid packaging, blow molding, and Form Fill Seal technology. Based on packaging format, the global liquid packaging market is segmented into flexible and rigid. Flexible liquid packaging is further sub-segmented into films, stand-up pouches, and bag-in-box; while rigid liquid packaging is sub-segmented into carton, paperboards; bottles, jars, cans & tubes. The end users of liquid packaging are food & beverages, personal care, pharmaceutical, household care, industrial, and other industries. Based on region, the global liquid packaging market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Key benefits for stakeholders
– Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the industry for strategy building.
– It outlines the current trends and future estimations of the market from 2019 to 2027 to understand the prevailing opportunities and potential investment pockets.
– The major countries in the region have been mapped according to their individual revenue contribution to the regional market.
– The key drivers, restraints, and opportunities and their detailed impact analysis are elucidated in the study.
– The profiles of key players along with their key strategic developments are enlisted in the report.
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– Impact of COVID-19 on the Global liquid packaging market
o The COVID-19 pandemic has affected every leading economy around the world, impacting the economic growth.
o Due to lockdown measures and travel restrictions in countries such as India and Germany, the tourism and the hotel industry declined, thereby, hampering the food & beverage sector. This, in turn, impacted the liquid packaging market.
o On the contrary, an increase in local demand for food & beverages will continue to drive the liquid packaging market. There has been a significant increase in the sales of sauces, dressings, and food condiments segments.
o In an effort to control the spread of COVID-19 causing virus, the demand for sanitizer, hand washes, and liquid detergents has sky rocketed post March 2020. In fact, according to the press released by Berry Global, the need for hand sanitizers has quadrupled and witnessed an increase in the overall growth of 16x from December 2019 to March 2020. This has increased the demand for sanitizer bottles, containers, and stand-up pouches. In addition, it also increased the demand for top handle and side handle containers for chemical storage such as Sodium Hypochlorite, which is a main disinfectant.
o Hence, the liquid packaging market got impacted in both positive as well as negative way.
Key Market Segments:
– By Materials
– Paperboard
– Plastics
o Polyethylene
o Polypropylene
o Polyethylene Terephthalate
o Others
– Glass
– Metal
– Others
– By Technology
– Aseptic Liquid Packaging
– Blow Molding
– Form Fill Seal
– By Packaging Format
– Flexible
o Films
o Stand-up Pouches
o Bag-in-box
– Rigid
o Carton
o Paperboards
o Bottles, Jars, Cans & Tubes (largest)
– By End User
– Food & Beverage
– Personal Care
– Pharmaceutical
– Household Care
– Industrial
– Others
– By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Italy
o UK
o Rest of Europe
– Asia-Pacific
o India
o China
o Japan
o Korea
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Rest of LAMEA
Table of Contents:
- Executive Summary
- Introduction
- Methodology
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
- Conclusion
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What are the goals of the report?
- The predicted market size for the Market Industry at the conclusion of the forecast period is shown in this market report.
- The paper also analyses market sizes in the past and present.
- The charts show the year-over-year growth (percent) and compound annual growth rate (CAGR) for the given projected period based on a variety of metrics.
- The research contains a market overview, geographical breadth, segmentation, and financial performance of main competitors.
- The research evaluates the current situation of the industry in North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, as well as future growth opportunities.
- The study examines the future period’s growth rate, market size, and market worth.
PEST Factors:
Political Factors:
- Identification of government policies and political groups that may impact business success.
- Assessment of political environment stability and potential for changes.
- Evaluation of upcoming local, state, or national elections and their potential influence on government policies.
- Analysis of key contenders for power and their stance on trade policies affecting the organization.
- Examination of property rights, rule of law, corruption, and organized crime levels, along with potential future changes and implications.
- Consideration of pending legislation and tax changes that could affect the business positively or negatively.
- Review of business regulations and potential changes, and identification of trends towards regulation or deregulation.
- Examination of government stance on corporate policies, corporate social responsibility, environmental issues, and customer protection legislation, and potential impacts.
- Estimation of the timeline for proposed legislative changes.
- Identification of other potential political factors that could bring about change.
Economic Factors:
- Anticipation of future economic influences on the business.
- Evaluation of current economic performance and its immediate effects.
- Analysis of how economic factors impact prices, income, and costs.
- Assessment of economic stability – growth, stagnation, or decline.
- Consideration of stability or fluctuations in key exchange rates.
- Examination of trends in customers’ disposable income levels and predictions for the future.
- Evaluation of unemployment rates and ease or difficulty in building a skilled workforce.
- Analysis of access to credit for consumers and businesses and its potential effects on the organization.
- Consideration of globalization’s impact on the economic environment.
- Identification of additional economic factors worth considering.
Social Factors:
- Examination of customer beliefs and values and their influence on purchasing behaviors.
- Analysis of cultural trends and human behaviors affecting the business.
- Assessment of population growth rates, age profiles, and likelihood of changes.
- Consideration of generational attitude shifts and their potential impact.
- Evaluation of health, education, and social mobility levels in society, along with changing trends and implications.
- Examination of employment patterns, labor market trends, and age-specific work attitudes.
- Analysis of relevant social attitudes, taboos, and recent socio-cultural changes.
- Consideration of the influence of religious beliefs and lifestyle choices on the population.
- Identification of other sociocultural factors with the potential to drive change.
Technological Factors:
- Assessment of current and emerging technological advances and innovations.
- Evaluation of technology’s impact on business operations.
- Identification of new technologies currently being used or considered for implementation.
- Anticipation of potentially disruptive technologies on the horizon.
- Analysis of competitors’ access to new technologies that could redefine products.
- Examination of focus areas for government and educational institution research, with potential opportunities for the business.
- Assessment of how changes in infrastructure have affected work patterns (e.g., remote work levels).
- Identification of existing technology hubs for potential collaboration and learning.
- Consideration of other relevant technology-related factors.
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