Published Date: August 2, 2021
According to a new research report by Global Market Insights Inc., the global Liquid Pouch Packaging Market size is set to surpass USD 13.5 billion by 2027.
Liquid pouch packaging is a highly cost-effective and reliable packaging solution used in food & beverage packaging, medical packaging, and home care applications. The increasing acceptance of liquid pouch packaging due to its light weight and space saving advantages is expected to propel the liquid pouch packaging market growth.
The outbreak of the COVID-19 pandemic has disrupted business activities adversely. Government-imposed lockdowns in several countries in order to curb the spread of the virus led to limited trade activities, raw material shortage and gap in demand and supply. This has resulted in an increased demand for packaged food, home care and healthcare products, positively impacting the flexible packaging industry.
Increasing demand for protective packaging is expected to fuel the polystyrene liquid pouch packaging market growth
Polystyrene-based liquid pouch packaging is anticipated to witness growth at around 7% CAGR during the forecast period. Excellent moisture barriers, insulation, low thermal conductivity and optical clarity are the key factors propelling the consumption of polystyrene in the global market. Polystyrene is often combined with rubber to make high-impact polystyrene which is generally used for durable and packaging applications.
Browse key industry insights spread across 800 pages 944 market data tables and 23 figures & charts from the report “Liquid Pouch Packaging Market By Packaging (Rigid, Flexible), By Material (Polyester, Polyethylene, Polystyrene, Polypropylene, Aluminum, Fitments, Tubes & Spouts), By Product (Pillow Pouches, Stand-up Pouches, Four Side Seal Pouches, Spout Pouches), By Application (Food & Beverages [Infant food, Liquid, Viscous, Pasty], Industrial [Lubricants, Fluids, Paints & Coatings], Personal Care [Liquid Soap, Shampoo], Homecare [Liquid Detergent, Softener], Pharmaceuticals [Creams & Gels, Syrups]), By Technique (Blow Molding, Form Fill Seal, Aseptic), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 - 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/liquid-pouch-packaging-market
Increasing demand for cost-effective and easy storage and transportation will stimulate the demand for pillow pouches
The liquid pouch packaging market revenue from pillow pouches is expected to exceed USD 4.5 billion by 2027. Increasing demand from dairy industries for packaging of milk, yoghurt, curd, buttermilk, and other products will propel the pillow pouch demand.
Rising demand has enhanced the liquid pouch packaging from food & beverage industry will augment industry growth
Food & beverages applications is expected to exceed USD 4.5 billion by 2027. The packaging of liquid goods, infant food, and viscous & pasty products will drive the liquid pouch packaging market. Shifting income trends have resulted in increased spending on food & beverages.
The revolution in the packaging industry with the technological advancements and innovations has positively influenced the demand. The cost-competitiveness coupled with a higher packaging quality is anticipated to encourage the liquid pouch packaging usage over the forecast period.
Changing demographics and increasing income levels will drive the Asia Pacific liquid pouch packaging market
Asia Pacific is expected to be valued at over USD 4 billion by 2027. Increasing consumption of pouch packaging in food & beverage, home care and pharmaceutical industry and the growing affluent population base and changing consumer preferences are some of the key factors supporting the liquid pouch packaging market share. These products are well-suited for packaging sauces, juices, and creams, among others.
Rapid urbanization coupled with growing preference towards Westernized diets is driving the processed and ready-to-eat food demand in Asia Pacific. This is expected to propel the regional liquid pouch packaging market growth.
Key manufacturers in the liquid pouch packaging industry include Smurfit Kappa, DOW, Tetra Pak International, IMPAK Corporation, Billerudkorsnas AB, and Bemis. Companies are implementing strategic initiatives such as R&D and collaborations to enhance market share.
Kunal Ahuja, Amit Rawat