USD 460.58 billion
Report ID:
SQMIG15G2088 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
95
|Figures:
71
Global Liquid Pouch Packaging Market size was valued at USD 460.58 billion in 2021 and is poised to grow from USD 504.75 billion in 2022 to USD 716.70 billion by 2030, growing at a CAGR of 5.0% in the forecast period (2023-2030).
The international liquid pouch packaging marketplace is experiencing a superb increase trend, pushed via shifting patron alternatives and enterprise demands. This packaging solution has won reputation because of its versatility and comfort, especially inside the packaging of numerous liquid products.
Manufacturers across industries are more and more adopting liquid pouch packaging because it gives blessings such as improved product maintenance, reduced environmental impact, and user-friendly features.
Furthermore, the marketplace is witnessing innovation in substances and design, with a focus on sustainability and eco-friendliness. This trend aligns with the developing awareness of environmental issues and the need for extra sustainable packaging answers. As a result, companies in the liquid pouch packaging industry are investing in studies and development to meet those evolving market needs and hold an aggressive area.
Additionally, increasing programs beyond conventional sectors, such as food and liquids, to areas like prescription drugs and personal care merchandise, are opening new possibilities for market boom.
Global Market Size
USD 460.58 billion
Largest Segment
Flexible
Fastest Growth
Flexible
Growth Rate
5.0% CAGR
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The global liquid pouch packaging market is segmented on the basis of packaging, material, application, and region. Based on packaging the market is segmented as rigid, flexible. On the basis of material the market is segmented as polyester, polyethylene, polystyrene, polypropylene, aluminum, fitments, tubes & spouts. Based on application, it is segregated into food & beverages, industrial, personal care, pharmaceutical, home care. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Packaging
Flexible packaging presently dominates the packaging marketplace. Its big adoption can be attributed to its lightweight nature, value-effectiveness, and adaptability to various product styles and sizes. Flexible packaging offers superior shelf life extension and reduced transportation fees, making it a desired choice for many industries. Additionally, its green capabilities, inclusive of decreased material utilization and decreased carbon footprint, align with sustainability trends, similarly bolstering its dominance.
However, rigid packaging is the fastest-growing section. This growth is fueled with the aid of expanded calls for top rate and sustainable packaging solutions. Rigid packaging offers strong safety for merchandise, making it best for gadgets like cosmetics, electronics, and comfort goods. Additionally, its recyclability and visible enchantment appeal to environmentally aware purchasers and types aiming to create memorable packaging stories.
Analysis by using Application
The dominant utility phase in the worldwide liquid pouch packaging market is certainly the food & drinks quarter. This dominance can be attributed to the great use of liquid pouch packaging for an extensive range of meals and beverage products, such as sauces, condiments, juices, and dairy merchandise. The comfort and fee-effectiveness of liquid pouches have made them a favored desire for both consumers and producers in this quarter.
However, the pharmaceutical region would be the fastest growing. This growth is ordinarily pushed by way of stringent regulatory requirements for pharmaceutical packaging, which call for terrific and tamper-glaring packaging answers. Liquid pouch packaging offers advantages together with specific dosing, protection from infection, and simplicity of allotting, making it increasingly more popular for pharmaceutical liquids, syrups, and oral medicinal drugs.
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North America is presently the dominant vicinity within the international liquid pouch packaging marketplace. This management role can be attributed to a mature packaging enterprise, excessive customer demand for handy and green packaging solutions, and robust adoption of liquid pouch packaging across numerous sectors along with meals and liquids. North American producers have additionally been at the vanguard of innovation and sustainability, similarly solidifying their dominance within the marketplace.
However, Asia Pacific is the quickest-growing vicinity inside the market. This boom is driven with the aid of several elements, together with a hastily expanding center-elegance populace, growing urbanization, and converting purchaser existence. As a result, there's a growing call for packaged liquid merchandise inside the vicinity, such as beverages, dairy merchandise, and private care items, which is boosting the adoption of liquid pouch packaging. Additionally, a surge in e-commerce sports and the need for handy, lightweight packaging for online deliveries are fueling the market's fast growth in Asia Pacific.
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Drivers
Sustainability Initiatives
As customers and governments push for greater environmentally friendly packaging answers, liquid pouches are gaining preference due to their potential to reduce plastic waste and carbon emissions. Manufacturers are making an investment in recyclable substances and green designs to satisfy these demands, using the adoption of liquid pouch packaging.
Restraints
Cost and Infrastructure Challenges
A vast restraint within the marketplace is the initial price related to transitioning to liquid pouch packaging and the want for specialized manufacturing infrastructure. The machinery and materials required for liquid pouch manufacturing can be highly-priced, and companies may also face demanding situations in adapting their current facilities. This price barrier can deter some organizations from embracing liquid pouch packaging, mainly smaller producers or those in regions with constrained entry to to advanced packaging generation.
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The competitive landscape in the international liquid pouch packaging market is marked by extreme rivalry and continuous innovation. Numerous corporations are vying for market share, riding opposition through product differentiation and sustainability tasks.
Players are specializing in growing eco-friendly packaging solutions, improving barrier houses, and introducing user-pleasant designs to meet evolving client possibilities. Additionally, strategic collaborations and acquisitions are shaping the competitive dynamics, permitting businesses to make their market reach and abilities bigger.
The market's aggressive depth is further fueled by the numerous utility areas of liquid pouch packaging, spanning diverse industries like meals and liquids, prescribed drugs, and personal care merchandise. As a result, agencies are actively investing in research and improvement, making sure a dynamic and ever-evolving competitive panorama.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global liquid pouch packaging market analysis,The marketplace is presently experiencing a sturdy boom, in general pushed via a surge in call for bendy and sustainable packaging solutions across numerous industries. This packaging layout's versatility and convenience, specially for liquid products, have made it a desired desire for both producers and purchasers. The market has witnessed substantial innovation, with groups making an investment in eco-friendly materials and designs to reduce environmental effect. Moreover, the growth of e-trade and the want for lightweight, space-efficient packaging for on-line deliveries have in addition propelled the marketplace's growth. Looking in advance, the Global Liquid Pouch Packaging marketplace is poised for continued boom. Sustainability will remain a key driver, with businesses increasingly specializing in biodegradable materials, recyclability, and reduced carbon footprint. Technological advancements in barrier properties and clever packaging functions are predicted to enhance the functionality and appeal of liquid pouch packaging. Additionally, the market will probably witness in addition enlargement into niche sectors including prescription drugs and cosmetics as organizations explore new programs. Collaborations, mergers, and acquisitions are predicted to shape the aggressive landscape, with organizations looking to bolster their marketplace presence and abilities. Overall, the future of the liquid pouch packaging market seems promising, with sustainability and innovation at its core.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 460.58 billion |
Market size value in 2030 | USD 716.70 billion |
Growth Rate | 5.0% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Liquid Pouch Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liquid Pouch Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liquid Pouch Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Liquid Pouch Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15G2088
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