Increasing R&D and acquisitions for the expansion of the products to boost the Liquid Packaging Market growth

 

Liquid Packaging Market
Liquid Packaging Market 

Liquid Packaging Market (By Packaging Type: Flexible [Sachets, Films, Pouches], Rigid [Bottles, Paperboard, Drums, Cans, Containers]; By Raw Material: Paper, Plastics (PP, PET, PE), Glass, Metal; By Technique: Modified Atmosphere Packaging, Aseptic Packaging, Intelligent Packaging, Vacuum Packaging; By End-use: Personal Care, Food & Beverage, Chemicals, Pharmaceuticals, Petrochemicals, Household Care) ) - Outlook, Size, Share, and Opportunity Analysis, 2023 – 2030

The global Liquid Packaging Market is estimated to be valued at US$ XX million in XXX and is expected to exhibit a CAGR of XX% over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Utilizing liquid packaging is a best method to secure the food and beverage items from being polluted or contaminated. This kind of packaging is particularly useful for pharma, cosmetics, and household cosmetic products. It is very unique for keeping food items fresh and stopping it from leakage and deterioration while the products are transported. The pharma sector is the dominating one in the liquid packaging. This sector has the largest user base across the globe.

Competitive Landscape:

Key players involved in the growth of global Liquid Packaging Market are Nippon Paper Industries Co., Ltd., Liqui-Box Corporation, Evergreen Packaging Inc., Comar LLC, International Paper Company, Tetra Laval International S.A., and BillerudKorsnäs AB.

Market Key Drivers:

Increasing R&D and acquisitions for the expansion of the products is projected to boost the growth of the global Liquid Packaging Market. For instance, In July 2022, Stora Enso and Tetra Pak introduced an analysis to expand beverage carton reprocess in Benelux.

The rising innovations and developments for the growth of the product is anticipated to propel the growth of the global Liquid Packaging Market. For instance, In April 2022, the machine supplier Mondi and Thimonnier, introduced a monomer of polyethylene. They collaboratively design sachets for liquids.

Covid-19 Impact Analysis:

The Covid-19 outbreak has positively affected the growth of the global liquid packaging market due to the imposition of strict lockdown. The rise in pandemic cases has led to the restriction in movement of people from one place to another which increased the use of online deliveries. The safety measures while packaging the things has propelled the usage of liquid packaging. The need for liquid packaging through COVID-19 is mostly increased by high requirement for protective packaging for delivery of goods and commodities.

Key Takeaways:

The global liquid packaging market is expected to exhibit a CAGR of XX % during the forecast period due to the shift towards sustainable and innovative packaging. For instance, Styrofoam is mostly employed packaging substance which is non-biodegradable and needs over 1.5 liters of petrol to create a single cube of polystyrene. 

Among region North America, Asia Pacific and Europe are anticipated to witness robust growth in the global liquid packaging market due to rising population, rising innovations and developments and strict rules and regulation by the regulatory. For instance, in Europe, as per the Packaging and Packaging Waste Directive (PPWD) (94/62/EC), all kinds of packaging are needed to be biodegradable. 

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