Liquid Packaging Market Size, Share, Opportunities, And Trends By Type (Bottles, Sachets, Cartons), By Type Of Material (Paperboard, Uncoated, LDPE Coated, HDPE, PET), By Type Of Opening (Cut, Straw-Hole, Twist, King-Twist, Managed, Hybrid), By End-User Industry (Food & Beverage, Pharmaceuticals, Household Care, Personal Care, Others), And By Geography - Forecasts From 2023 To 2028

The liquid packaging market was valued at US$352.345 billion in 2021 and is projected to expand at a CAGR of 7.43% over the forecast period to reach US$581.847 billion by 2028.  

Hectic work life and changing lifestyle coupled with improving living standards and growing disposable income are some of the factors driving the liquid packaging market growth. Moreover, expanding the pharmaceuticals sector with a rapidly aging population further augments the liquid packaging market growth. Rising demand for packaged goods and an expansion of the transportation industry in emerging economies are also significantly boosting the demand for liquid packaging solutions.

By End-User Industry

The food and beverage industry accounts for the largest market share in 2016. The rising demand for packed liquids like dairy products, water, and juices among others owing to changing lifestyle of consumers coupled with rapid urbanization is boosting the segment growth. Moreover, the growing population with rising living standards and modernization of retail chains is significantly contributing to the demand for liquid packaging solutions for the food and beverage industry segment.

By Geography

Geographically, Asia Pacific is expected to grow at the highest CAGR over the projected period. Rapid urbanization and industrialization coupled with expanding pharmaceuticals and the food and beverage industry are major factors driving the liquid packaging market growth in the region. Furthermore, factors like growing disposable income, changing retail trends, and a large population base coupled with the need to attract consumers within limited shelf space are creating opportunities for vendors to enhance their existing portfolios by offering a range of products for addressing diverse consumer requirements.

Competitive Insight

The global market for liquid packaging features a large number of players operating in a highly competitive market. The major players discussed in the report include Tetra Pak, Dow Chemical Company, Elopak, Evergreen Packaging, Weyerhaeuser Company, International Paper, Smurfit Kappa, and Mondi PLC. The strict government regulations and mounting concern among people regarding the threat of plastic waste to the environment are leading to consumers shifting to biodegradable packaging solutions. This is expected to hamper the growth of leading players who are primarily offering plastic packaging material for liquid packaging. New entrants offering environmentally friendly packaging solutions further enhance the competition within the market.  

Segmentation

The liquid packaging market has been segmented by type, type of material, type of opening end-user Industry, and geography.  

• By Type

• Bottles
• Sachets
• Cartons

• By Type of material

• Paperboard
• Uncoated
• LDPE Coated
• HDPE
• PET

• By Type of Opening

• Cut
• Straw-Hole
• Twist
• King-Twist
• Managed
• Hybrid

• By End-User Industry

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

• By Geography

• North America
• U.S.
• Canada
• Mexico

• South America

• Brazil
• Argentina
• Others

• Europe

• UK
• Germany
• France
• Spain
• Others

• Middle East and Africa

• Saudi Arabia
• UAE
• Israel
• Others

• Asia Pacific

• Japan
• China
• India
• South Korea
• Indonesia
• Thailand
• Others