The market is expected to generate an incremental $ opportunity of US$ 8,093.43 Mn between 2022 and 2032
Category: Packaging Published Date : November 2022 ID: CVC-00487 Format: PDF Pages: 320
Liquid Packaging Board Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Liquid Packaging Board Market grew at a CAGR of 5.0% between 2017-2021 and is estimated to be US$ 10,456.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.9% and is expected to reach a valuation of US$ 18,549.7Mn by 2032 end.
There has been a steady increase in demand for dairy, juices, and dilutable drinks, according to recent trends in the global food and beverage business. This is one of the main international drivers of the need for liquid packaging. Liquid packaging paperboard (LPB), also known as liquid paperboard, is frequently used as a raw material for liquid packing.
Laminated boards include liquid packaging boards. A multilayer board with low-density polyethylene (LDPE) and aluminum coating is often used for liquid packing. The barrier coating must keep the liquid in place while preventing flavor and air from passing through the liquid packaging board.
AN INCREASE IN E-COMMERCE ACTIVITIES AND FOOD DELIVERY SERVICES IS THE MAJOR FACTOR IN THE GROWTH OF THE LIQUID PACKAGING BOARD MARKET
The main reason projected to boost the growth of the liquid packaging board market during the forecast period is the rise in e-commerce activities and food delivery services.
Throughout the analysis period, it is also anticipated that factors such as rising substitute availability in the form of plastic bottles and spout pouches, rising demand for plastic-based packaging techniques, and a growing preference for environmentally friendly packaging materials over traditional plastic packaging will all contribute to the growth of the liquid packaging board market.
Additionally, it is anticipated that shortly, the market for liquid packaging board will benefit greatly from the growing development of nano-food packaging and the shift in emphasis toward eco-friendly and creative packaging solutions.
AN INCREASE IN CONCERNS REGARDING RECYCLABILITY AND DISPOSABILITY OF PLASTIC PACKAGING PRODUCTS HINDERING THE GROWTH OF THE LIQUID PACKAGING BOARD MARKET
The primary factors anticipated to impede the growth of the liquid packaging board market are increased concerns about the recyclability and disposability of plastic packaging goods and growing government regulations governing plastic packaging products.
Additionally, the market expansion for liquid packaging boards is anticipated to be hampered by flexible spout pouches and plastic bottles in the upcoming years.
Market Segments Covered in Report
By Packaging Type:
By Raw Material:
By Region and Country:
Why does Paper & Paperboard increase its demand in the anticipated period?
Due to its exceptional qualities, which include enhanced environmental protection and high recyclability, the paper segment is projected to experience significant expansion over the next years. One of the other key elements driving the demand for paper-based goods is a stricter government regulation banning non-biodegradable plastics.
To keep up with the rapidly changing market conditions, suppliers of paper packaging products, including paperboard containers and boxes, have improved their production capacities.
Which packaging type segment is surging in the forecast period?
With a market share of over 89.1%, rigid packaging has become a dominant sector. The production of packaging materials for pharmaceutical medications and beverages frequently uses rigid packaging. This is mostly due to rigid packaging’s superior qualities to other packaging types, which include high shelf-life and ease of transit and carrying.
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
The market is quite competitive due to a large number of participants. Because of the quick changes in consumer preferences that spur innovation and product development, the worldwide liquid packaging market wants severe competition among the industry participants. Additionally, brand managers are heavily focused on gaining the largest possible market share globally due to the differentiation and personalization of the products.
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Packaging Type, Raw Material, Technique, End-Use, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|