Published on : Apr 27, 2018
Albany, New York, April 27, 2018: Packaging is a huge industry and is one of the most critical factors in making a product sell. A new study, focusing on the market scenario of liquid packaging has been added to the wide database of Market Research Hub (MRH), which is titled as “Liquid Packaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. According to the report findings, the global liquid packaging market was valued at US$ 394 Bn in 2016. In addition to this, the market is anticipated to expand at a CAGR of above 4% between 2017 and 2025. Analysts of the report mentioned that expansion of the global liquid packaging market is driven by the increase in consumption of beverage, along with an increase in focus on the brand image through innovative packaging.
In order to provide detailed information, the report utilizes in-depth qualitative insights, historical data, and verifiable projections about market size. To pour more light on this, geographical analysis has been presented. The regional analysis section is a crucial segment of the report, which enlightens the reader about the market size and forecast for each region. Regions highlighted in the study are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Additionally, the report also covers the demand for separate packaging type, raw material, technique, and end-user industries in all the mentioned regions.
Liquid packaging is widely utilized in the food & beverage industry in order to facilitate the transport of liquid goods and to increase the shelf-life of products. As per the research highlights, expansion of the pharmaceutical, and food & beverage sector, particularly in the Asia Pacific, is driving the demand for liquid packaging. Also, the market in North America is expected to expand at a moderate growth rate during the forecast period.
Moving further, the liquid packaging market has been segmented based on packaging type, raw material, technique, and end-use industry. By packaging type, the liquid packaging market can be classified into flexible and rigid. Rigid packaging is extensively utilized to manufacture packaging for beverages and pharmaceutical drugs. This is due to the excellent properties of rigid packaging such as ease of transport and carrying and excellent shelf-life. However, in the recent past, the liquid packaging market has witnessed increasing usage of flexible materials for packaging liquid.
In terms of raw material, plastics which encompasses materials such as PET, PP, PE, and others were the dominant segment in 2016. The plastics segment is anticipated to enlarge at a significant growth rate in the coming years. On the basis of technique, the market has been analyzed for aseptic packaging, modified atmosphere packaging, vacuum packaging, and intelligent packaging.
At last, key players in the liquid packaging market are profiled in detail. Some of them are Evergreen Packaging Inc., Liqui-Box Corporation, Tetra Laval International S.A., Comar LLC, International Paper Company, Klabin S.A., Nippon Paper Industries Co., Ltd., The DOW Chemical Company, and Mondi PLC.
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