Coherent Market Insights

Rapid Advancements in Liquid Packaging Market to Fuel Revenues Through 2026

 

Seattle, WA -- (SBWIRE) -- 09/24/2019 -- Protection of consumables such as semisolid foods, liquids, and beverages from microbial contamination and damage during transport and storage is the major purpose of liquid packaging. Liquid packaging also protects products from moisture in order to maintain the freshness of the product and helps to improve its scuff, tear, and puncture resistance. Liquid packaging can be used for liquids and food products such as dairy products, syrups, water, cooking oil, fruit juices, shampoos, grease, and motor oil. Use of tough materials in liquid packaging offers good seal integrity and helps to avoid leakage, cracking, and degradation during transportation. The technology has increased shell life, is highly recyclable, eco-friendly, and transport-convenient. Aseptic liquid packaging, blow molding, and form fill seal technology are some of the processes used in manufacturing of liquid packaging products.

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Liquid Packaging Market Taxonomy

On the basis of type of technique, the global market is segmented into:

Aseptic Liquid Packaging
Blow Molding
Form Fill Seal Technology

On the basis of resins types, the global market is segmented into:

Low Density Polyethylene (LDPE)
High Density Polyethylene (HDPE)
Polypropylene
Polyethylene Terephthalate (PET)
Others

On the basis of application, the global materials market is segmented into:

Food & Beverages

-Dairy Products
-Milk and Yogurt
-Buttermilk
-Others

Wine & Spirits

-Juice & Drinks
-Drinking Water
-Fruit Juice
-Tea
-Coconut water
-Carbonated Soft Drinks
-Tomato Sauce
-Others

Medical & Pharmaceutical

-Cosmetics & Personal Care
-Household
-Industrial
-Others

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The most commonly used packaging technique is the aseptic liquid packaging technique, which uses thin layers of aluminum and plastic paperboards. The techniques is mainly used to preserve food products for a longer duration without the use of any added preservatives. Rigid liquid packaging includes paperboard, cartons, cans, and PET bottles. Plastic & PET bottles find application in the packaging of food & liquid products such as carbonated drinks, water, beverages, dairy products, and alcohol. Liquid packaging is widely used in the food & beverages industry.

Increasing population in Asia Pacific and growing disposable income in the emerging economies of Brazil, Mexico, China, and India is expected to lead to high demand for food and beverages, thereby boosting the market growth. Moreover, increasing labor in North American and European has led to high demand for ready-to-eat packed food and beverages, thereby propelling the market growth.

Liquid Packaging Market Outlook – Asia-Pacific is the largest, and fastest-growing region, globally

Asia Pacific is the largest and fastest-growing region in the global liquid packaging market. EUSME Center is a European Union initiative that provides a comprehensive range of hands-on support services to small and medium-sized enterprises (SMEs) based in Europe, which is preparing them to carry out business in China. According to EUSME, China was the world's largest consumer market for food and beverage (F&B) products, surpassing the U.S. in 2011, and it continues to sustain its leading position. In 2015, the number of food & beverage exports from Europe to China, increased by 48% and exports of dairy products from Europe increased by 11%, in 2014. Growth of imported food & beverage products is driven by limited arable land, increasing disposable income, water scarcity issues, improving logistics systems, increasing urbanization, and growing food safety concerns. This, in turn fuels growth of the liquid packaging market in Asia Pacific. In 2015, India's food processing industry accounted for 32% of the country's total food market, and is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 14% of manufacturing Gross Domestic Product (GDP), 13% of India's exports and 6% of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018.

India's organic food market is expected to increase three times by 2020, as compared to 2015. Hence, there is a large demand for liquid packaging materials in Asia Pacific region, making it the largest and fastest-growing market for liquid packaging.

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Some of the major companies operating in the global liquid packaging materials market are The Dow Chemical Company, Smurfit Kappa, International Paper, Tetra Pak International S.A., Nippon Paper Industries Co., Ltd, Liqui-Box Corporation, Tri-Wall Limited, Evergreen Packaging, Elopak Group, BillerudKorsnas AB, and Mondi Plc.

Key Developments

1. Key players in the market are involved in various business strategies such partnership and collaboration, in order to expand their product portfolio and gain competitive edge in the market. For instance, in February 2018, Dow Chemical International Pvt. Ltd partnered with Vishakha Group, manufacturer of barrier film, to develop 'recyclable barrier film' for liquid packaging.

2. Major companies in the market are focused on various business strategies such as new product launches, in order to expand their product portfolio. For instance, in June 2019, Smurtfit Kappa Group plc, a Dublin-based packaging company, introduced stand-up pouch for olive oil. The new pouch is of 1.5 liter size and is compatible with both automatic and semiautomatic filling machine.

3. Major players in the market are adopting various business strategies such as new product launches, in order to expand their product portfolio and enhance market position. For instance, in September 2018, Nippon Paper Industries Co., Ltd. launched NSATOM, an aspectic filling system for paper packaging. This novel system supports packaging of beverages with particles, long fibers, and high viscosity.

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