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Liquid Packaging Market Size

  • Report ID: GMI7968
  • Published Date: Jan 2024
  • Report Format: PDF

Liquid Packaging Market Size

Liquid Packaging Market was valued at around USD 373 billion in 2023 and is estimated to register a CAGR of over 5.2% between 2024 and 2032. Liquid packaging involves the containment and protection of various liquid products through specialized materials and technologies. This market is primarily driven by the increasing demand for convenient and efficient packaging solutions, especially in the food and beverage, pharmaceutical, and personal care industries.

 

The growing urbanization, changing lifestyles, and a rising preference for on-the-go consumption have fueled the need for liquid packaging that ensures product safety, enhances shelf life, and facilitates easy dispensing. Additionally, advancements in packaging technologies such as aseptic liquid packaging, blow molding, and form fill seal contribute to the market's growth by providing innovative and sustainable solutions to meet evolving consumer and industry requirements.

 

One significant pitfall in the liquid packaging market is the perceived high cost associated with Liquid Packaging supplements or lactose-free products. While these offerings are designed to cater to the needs of individuals with lactose intolerance, the perception of elevated prices may act as a deterrent for widespread adoption, particularly in markets where consumers are highly price sensitive. This cost perception can hinder the market's penetration, limiting accessibility for a broader consumer base and potentially slowing down the overall growth of the liquid packaging industry.

 

Authors: Suraj Gujar, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for liquid packaging was valued at around USD 373 Billion in 2023 and is estimated to reach USD 587 Billion by the end of 2032 attributed to the growing urbanization, changing lifestyles, and a rising preference for on-the-go consumption.

Paperboard segment held a majority market value of USD 149.5 Billion in 2023 and will grow significantly through 2032 owing to the increasing popularity of sustainable packaging solutions driven by its recyclability and eco-friendly attributes.

The U.S. market generated a revenue of USD 85.6 Billion in 2023 and will grow significantly through 2032 owing to the robust economic growth and a well-established consumer base in the U.S.

BillerudKorsnas AB, Comar LLC, Evergreen Packaging Inc., International Paper Company, Klabin Paper, Liqui-Box Corporation, Mondi PLC, Nippon Paper Industries Co., Ltd., Smurfit Kappa Group, Tetra Laval International S.A., and The DOW Chemical Company.

Liquid Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 238
  • Countries covered: 23
  • Pages: 180
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