The market size for liquid
packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR
of 5.4% between 2016 and 2021. Asia-Pacific is the leading
market for liquid packaging, in terms of value, and the trend is projected to
continue till 2021. Countries in this region such as China, India, Japan, South
Korea, Malaysia, Thailand, and Indonesia are witnessing a gradual increase in
the use of liquid packaging in the end-use industries, namely, food &
beverages, non-food, and industrial segment.
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China leads the Asia-Pacific Liquid Packaging Market due to the rise in the population and the rising economy. It is projected to be the fastest-growing market in the global liquid packaging market. Rapid development in the food & beverages industry in major economies, namely, China, India, and Japan, is vigorously pushing the demand for liquid packaging. Also, with growing health awareness and rising disposable income, the country is expected to remain the main hub for consumption of liquid packaging during the forecast period.
The growth of liquid packaging is mainly due to the increasing
demand for these materials in packaging industry for various end-use industries such as food
& beverages, non-food and industrial segment. Food & beverages is one
of the fastest-growing end-use industries for liquid packaging products.
Demands for reliability, good sealability, visual attractiveness, and good
barrier properties along with long shelf life are essential for liquid packaging,
thus driving the need of liquid packaging products in the food & beverages
industry. In addition, governments of major economies, namely, the U.S.,
Germany, China, India, Brazil, and others are investing heavily in the liquid packaging
sector and are focusing on health issues and use of renewable sources. The use
of PET bottles for packaged drinking water and use of good quality and hygienic
food packaging is also driving the market.
Polyethylene is projected to be the fastest-growing resin type used
in the manufacturing of liquid packaging types globally. The use of high
density polyethylene (HDPE) for PET bottles is gaining importance in the global Liquid Packaging Market. The use of low density polyethylene (LDPE) for milk
cartons and making polyethylene coated board is another factor driving the
market. Packaging types manufactured using polyethylene further have considerable
potential in the area of packaging liquids in non-food and industrial segments.
Liquid packaging is used largely for different applications across various packaging
applications placed in several end-use industries, ultimately driving the
market.
Flexible liquid packaging is the fastest-growing type of liquid
packaging. Increasing benefits of flexible liquid packaging over rigid liquid
packaging is causing a shift of the consumers towards flexible liquid
packaging. Flexible liquid packaging is preferred as it is cost-effective,
environment–friendly, and less prone to damage. Flexible liquid packaging is
used in packaging of liquid products such as milk, sauces, soups, beverages,
dairy products, spirit, wine, and others. It is also used in applications
across various other non-food industries such as including medical &
pharmaceutical, beauty & personal care, household care, and others, thus
significantly driving the liquid packaging demand globally.
