Global Liquid Packaging Market Overview
Global Liquid Packaging Market Size was valued at USD 333.5 Billion in 2022. The Liquid packaging industry is projected to grow from USD 349.8 Billion in 2023 to USD 512.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.90% during the forecast period (2023 - 2032). Increasing demand for packaged beverages, changing consumer lifestyles, growing e-commerce industry, technological advancements in packaging materials, increasing focus on sustainability, government regulations, growth in the pharmaceutical industry, increasing disposable income, urbanization, and population growth, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Liquid Packaging Market Trends
Increasing demand for packaged beverages is driving the market growth
The market for liquid packaging has grown significantly as a result of the rising demand for packaged beverages. The growing popularity of packaged beverages has been influenced by consumer tastes and lifestyle modifications, which has increased demand for effective and dependable liquid packaging solutions.
Consumers can simply carry and consume their favorite drinks while on the road because to the portability and convenience that packaged beverages offer. Consumers are turning more and more to packaged beverages as a result of their hectic schedules and increased desire for quick and convenient refreshment options. Beverages may be enjoyed anytime, anywhere, thanks to the convenience of liquid packaging options like bottles, cans, and pouches.
Consumer preferences have changed in favor of products that are more convenient and ready to drink. Urbanization, shifting lifestyles, and the need for rapid and hassle-free consumption experiences are some of the causes that are driving this trend. These desires are satisfied by packaged beverages, which provide a variety of options, such as carbonated beverages, juices, energy drinks, bottled water, and ready-to-drink coffee and tea.
Consumers place a high value on cleanliness and safety, which are ensured by packaged beverages. The integrity of the product is ensured and the contents of sealed packaging are protected from external contaminates. Customers depend on the ease and security that packaged beverages offer, particularly when it comes to upholding strict standards of hygienic practices and product quality.
Technologies for liquid packaging have substantially improved, enabling packaged beverages to have longer shelf lives. This is crucial for perishable beverages including dairy-based products and fresh juices. Barrier films and aseptic packaging, for example, assist retain the flavor, freshness, and nutritional content of the beverages for a longer period of time. Customers can now enjoy their preferred beverages without worrying about spoiling. Manufacturers have branding and marketing options with packaged beverages. Unique bottle forms, eye-catching labels, and appealing packaging designs can help distinguish products and build a strong brand presence in the marketplace. Brands can communicate their values, product attributes, and brand story to consumers through the use of packaging. The visual appeal of liquid packaging is crucial in luring customers and swaying their purchasing choices. Thus, driving the Liquid packaging market revenue.
Liquid Packaging Market Segment Insights
Liquid Packaging Material Insights
The global Liquid packaging market segmentation, based on Material, includes Paperboard, Plastics, Glass, Metal, Others. The plastics segment dominated the market in 2022, In general, plastic packaging is more affordable than other packaging materials like glass or metal. Because plastic packing options are lightweight, they use less energy and money for transportation. In addition, plastics offer effective manufacturing techniques like injection molding and blow molding that allow for huge production volumes at lower costs. Plastics have a monopoly on the market for liquid packaging due to their low cost.
Liquid packaging Packaging Type Insights
The global Liquid packaging market segmentation, based on Packaging Type, includes Flexible & Rigid. The rigid segment dominated the market in 2022. There is plenty of room for branding and labeling on rigid packaging. Rigid container surfaces can be used by businesses to display logos, product details, and attention-grabbing artwork that can help them promote their brands and draw in customers. Rigid packaging is a preferred option for businesses looking to differentiate their products due to its customizability and ability to improve brand identification.
Figure 1: Liquid packaging Market, by Packaging Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Liquid Packaging Technology Insights
The global Liquid packaging market segmentation, based on Technology, includes Aseptic Liquid Packaging, Blow Molding, & Form Fill Seal. The form fill seal segment dominated the market in 2022. The FFS procedure is very effective and enables quick packaging processes. It combines several processes into a single continuous operation, such as shaping the packaging material, filling it with the liquid product, and sealing it. FFS is a favoured option for businesses in the liquid packaging sector due to its efficiency and speed, which enables them to meet high production demands.
Liquid packaging End User Insights
The global Liquid packaging market segmentation, based on End User, includes Food & Beverage, Personal Care, Pharmaceutical, Household Care, Industrial and Others. The food & beverage segment dominated the market in 2022. There are many different items in the food and beverage sector that need liquid packaging solutions. Among them are alcoholic beverages, carbonated drinks, juices, water, energy drinks, coffee, tea, and carbonated drinks. In addition, it covers liquid snacks as well as sauces, dressings, dairy products, soups, and other similar items. The demand for various forms of liquid packaging alternatives is driven by the wide variety of products in the food and beverage sector.
Liquid packaging Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Liquid packaging Market dominated this market in 2022 (45.80%). The rise of the pharmaceutical and food and beverage industries, as well as the relocation of production facilities due to the region's low operating and labor costs, are the main causes of this. Moreover, China’s Liquid packaging market held the largest market share, and the Indian Liquid packaging market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: LIQUID PACKAGING MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The North America Liquid packaging Market held the second-largest market share. Because of the significant demand for liquid packaging and the growing adoption of paper products over other harmful materials in the region, the U.S. is regarded as the main contributor to the growth of the region. These factors are anticipated to drive the demand for liquid packaging in North America in the upcoming years. Further, the U.S. Liquid packaging market held the largest market share, and the Canada Liquid packaging market was the fastest growing market in the North America region.
The Europe Liquid packaging market is expected to grow at the fastest CAGR from 2023 to 2032. Regarding packaging materials, food safety, and environmental sustainability, Europe has some of the tightest laws and standards. Regulations work to safeguard the environment, promote good hygiene, and assure product safety. These rules encourage the use of cutting-edge and environmentally friendly packaging options, which supports the expansion of the liquid packaging business in Europe.. Further, the German Liquid packaging market held the largest market share, and the UK Liquid packaging market was the fastest growing market in the European region.
Liquid Packaging Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Liquid packaging market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Liquid packaging industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Liquid packaging industry to benefit clients and increase the market sector. In recent years, the Liquid packaging industry has offered some of the most significant advantages to medicine. Major players in the Liquid packaging market, including Constantia Flexibles, Tetra Laval, Smurfit Kappa Group PLC, Berry Global Group INC., Gerresheimer AG, Sig Combibloc Group AG, Goglio S.P.A., Proampac LLC, Reynolds Group Holdings LTD., Amcor PLC., Mondi PLC, Sealed Air Corporation, Sonoco Products Company and others, are attempting to increase market demand by investing in research and development operations.
Flexible packaging services are offered by Constantia Flexibles Group GmbH (Constantia Flexibles Group), a Wendel SA subsidiary. The company manufactures and sells a wide range of packaging materials made of paper, metal, and plastic. Aluminum foils and container systems, pouches and bags, lidding films and laminates, die cut lids, reel fed lidding, cheese packaging, confectionery foil and film, coldform and blister packaging, cup sealing systems, and sachets and capsule systems are among the products offered by Constantia Flexibles Group. These items are provided by Constantia Flexibles Group to the food and beverage, pharmaceutical, and other industries. The corporation runs manufacturing plants across Europe, Africa, the Middle East, Asia, and the Americas. The corporate office of Constantia Flexibles Group is in Vienna, Austria.
Packaging solutions are provided by Amcor Plc (Amcor). Pet bottles, plastic bottles and jars, capsules and closures, customized folding cartons, free films, bags and pouches, wrappers, rigid containers, laminates, and flow packs are just a few of the plastic, fiber, metal, and glass packaging products it offers. Products from the company are used in a variety of technical applications as well as the beverage, food, pharmaceutical, medical device, homecare, personal care, and animal care industries. Additionally, it services the markets for healthcare, pharmaceuticals, personal care, and home goods. The corporation has operations throughout Oceania, North America, Western Europe, and the Asia-Pacific region. The UK city of Bristol serves as the headquarters of Amcor.
Key Companies in the Liquid packaging market include
- Constantia Flexibles
- Tetra Laval
- Smurfit Kappa Group PLC
- Berry Global Group INC.
- Gerresheimer AG
- Sig Combibloc Group AG
- Goglio S.P.A.
- Proampac LLC
- Reynolds Group Holdings LTD.
- Amcor PLC.
- Mondi PLC
- Sealed Air Corporation
- Sonoco Products Company
Liquid packaging Industry Developments
March 2023: Global packaging manufacturer Amcor has revealed plans to increase the size of its Brazilian manufacturing facility for liquid packaging. The facility's manufacturing capacity is predicted to expand by 20% as a result of the development, adding 100 new employment.
April 2023: Peli BioThermal, a producer of temperature-controlled packaging goods, was purchased by AptarGroup, a developer of packaging solutions. The acquisition is anticipated to boost AptarGroup's position in the market for liquid packaging for the healthcare and pharmaceutical sectors.
May 2023: Leading food packaging business Tetra Pak joined together with Microsoft to create a new digital platform for liquid packaging. The platform is made to assist food and beverage producers in monitoring the effectiveness of their liquid packaging products all the way through the supply chain.
Liquid Packaging Market Segmentation
Liquid Packaging Material Outlook
Liquid packaging Packaging Type Outlook
Liquid packaging Technology Outlook
- Aseptic Liquid Packaging
- Blow Molding
- Form Fill Seal
Liquid packaging End User Outlook
- Food & Beverage
- Personal Care
- Household Care
Liquid packaging Regional Outlook
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Latin America
Market Size 2022
USD 333.5 Billion
Market Size 2023
USD 349.8 Billion
Market Size 2032
USD 512.9 Billion
Compound Annual Growth Rate (CAGR)
Market Forecast Period
Market Forecast Units
Value (USD Billion)
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Material, Packaging Type, Technology, End User, and Region.
North America, Europe, Asia Pacific, and the Rest of the World
The U.S., Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled
Constantia Flexibles, Tetra Laval, Smurfit Kappa Group PLC, Berry Global Group INC., Gerresheimer AG, Sig Combibloc Group AG, Goglio S.P.A., Proampac LLC, Reynolds Group Holdings LTD., Amcor PLC., Mondi PLC, Sealed Air Corporation, Sonoco Products Company
Key Market Opportunities
Technological advancements in packaging materials
Key Market Dynamics
Urbanization and population growth
Frequently Asked Questions (FAQ) :
The global Liquid packaging market size was valued at USD 333.5 Billion in 2022.
The global market is projected to grow at a CAGR of 4.90% during the forecast period, 2023-2032.
Asia Pacific had the largest share in the global market
The key players in the market are Constantia Flexibles, Tetra Laval, Smurfit Kappa Group PLC, Berry Global Group INC., Gerresheimer AG, Sig Combibloc Group AG, Goglio S.P.A., Proampac LLC, Reynolds Group Holdings LTD., Amcor PLC., Mondi PLC, Sealed Air Corporation, Sonoco Products Company.
The Rigid category dominated the market in 2022.
The Food & Beverage had the largest share in the global market.
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