Liquid Packaging Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 365.45 Billion |
| Market Size (2029) | USD 482.37 Billion |
| CAGR (2024 - 2029) | 5.71 % |
| Fastest Growing Market | North America |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Liquid Packaging Market Analysis
The Liquid Packaging Market size is estimated at USD 365.45 billion in 2024, and is expected to reach USD 482.37 billion by 2029, at a CAGR of 5.71% during the forecast period (2024-2029).
Packaging is crucial in attracting customers, safeguarding products, and communicating brand values. Specifically, liquid packaging not only extends the shelf life of perishable items but also minimizes the need for preservatives, ensuring the nutritional value and flavor of the contents are maintained.
- Urbanization, evolving lifestyles, and a surge in on-the-go consumption have heightened the demand for liquid packaging. This demand emphasizes product safety, prolongs shelf life, and simplifies dispensing. Moreover, technological advancements in packaging, such as aseptic liquid packaging, blow molding, and form-fill-seal, propel market growth. These innovations offer sustainable solutions tailored to the shifting needs of consumers and industries alike.
- The surge in flexible liquid packaging solutions is fueled by consumer demands for convenience, a heightened focus on sustainability, and technological strides in packaging. Such flexible packaging, crafted from materials such as plastic films and pouches, caters to a diverse range of liquid products from beverages and cleaning agents to items in the food service sector.
- As manufacturers increasingly invest in research and development to unveil new packaging products, there's a notable trend towards sustainable, innovative packaging solutions. These solutions not only boost product visibility but also resonate with consumer preferences. For example, in June 2024, AeroFlexx, a comprehensive liquid packaging firm, forged a strategic alliance with Chemipack, a Polish supplier of liquid concentrates. This partnership aims to roll out eco-friendly liquid packaging solutions across Europe, addressing the surging demand for sustainable alternatives and bolstering AeroFlexx’s global footprint. The collaboration is strategically positioned to harness the strengths of both companies, ensuring a robust delivery of sustainable packaging formats to the European audience.
- Despite these advancements, the prevalence of single-use plastic packaging poses significant environmental challenges, hindering market expansion. A considerable portion of liquid packaging materials, particularly in the beverage and food sectors, utilize plastics that are either non-recyclable or pose recycling challenges. This reliance contributes to escalating waste and pollution dilemmas, potentially stunting industry growth.
Liquid Packaging Market Trends
Paperboard Segment is Expected to Dominate the Market
- Due to its sustainability, versatility, and performance characteristics, paperboard is becoming the preferred choice for liquid packaging solutions. Its ability to be molded into various shapes and sizes allows paperboard packaging to adapt seamlessly to diverse product types, from single-serve beverages and family-sized cartons to niche liquid products, driving global demand.
- To mitigate environmental impact, numerous packaging companies are launching sustainable and eco-friendly paperboard solutions for liquid packaging. For example, in November 2024, British packaging firm Frugalpac inked a letter of intent with ITC Packaging and Printing Business, aiming to introduce its innovative Frugal bottles to the Indian market. Crafted from 94% recycled paperboard, the Frugal bottle features a food-grade pouch five times lighter than traditional glass bottles. Notably, it boasts an 84% smaller carbon footprint and a water footprint that's four times less than that of glass bottles, propelling the market growth.
- Moreover, several companies are bolstering their manufacturing capabilities in the United States to meet the surging demand for carton liquid packaging. For instance, in September 2024, Carton Service CSI, a prominent packaging supplier, is set to enhance its liquid packaging production facility in Ohio. This expansion will allow Carton Service to address a wide spectrum of liquid packaging requirements, spanning non-dairy milks, soaps, cleansers, lubricants, beverages, and various alcoholic drinks, all backed by secured patents for their unique containers. This strategic initiative is designed to meet the rising appetite for innovative liquid carton solutions in the U.S.
- Data from the Confederation of European Paper Industries (CEPI) reveals a 15.3% dip in paper and board consumption across European nations in 2023 compared to the previous year. When it comes to exports, European countries dominate the landscape, accounting for 36.9% of the market. Asia follows with 25.3%, North America holds 12.5%, Latin America contributes 7.7%, and other nations collectively make up the remaining 17.5%.
Asia Pacific Expected to Hold High Market Share
- The Asia Pacific market is increasingly turning to sustainable materials for paper and paperboard production. Eco-friendly polymers and plastics are making paper packaging more popular, helping to reduce carbon footprints. There's a strong demand for sustainable materials, especially biodegradable and recycled-grade packaging, with cellulose fibers from pulp being a primary raw material.
- In countries such as India and China, beverage consumption is soaring, including juices, milk, and flavored water. Data from the USDA Foreign Agricultural Service indicates that in 2023, India's domestic milk consumption exceeded 207 million metric tons, up from 202 million metric tons the previous year. This rising consumption has spurred demand for liquid packaging in India, driving market growth.
- China's food industry is booming, driven by a consumer shift towards healthier, premium food products. USDA data highlights that urbanization and rising disposable incomes fuel a demand for imported food.
- Global liquid packaging manufacturers are setting up and expanding their plants in Asian nations, particularly India and China, to bolster their regional presence. For instance, in October 2024, SIG Group AG, a Swiss entity, made a significant entry into India's packaging sector. They inaugurated an aseptic carton packaging facility in Ahmedabad in 2023, with an initial investment of EUR 60 million (USD 65.36 million). The plant, which ramped up production targets in early 2024, aims for an annual capacity of 4 billion packs, with plans to expand to 10 billion.
Liquid Packaging Industry Overview
The Liquid Packaging Market exhibits fragmentation, with key players including ProAmpac Intermediate Inc., Tetra Laval International S.A, Mondi Group, Amcor Group, and SIG Group AG. These companies are at the forefront of innovation, focusing on eco-friendly and technologically advanced packaging solutions. To capture a larger global market share, these players are actively engaging in strategies such as research and development, launching new products, forming collaborations and partnerships, and pursuing mergers and acquisitions.
Liquid Packaging Market Leaders
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Tetra Laval International S.A
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Mondi Group
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Amcor Group
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SIG Group AG
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ProAmpac Intermediate Inc.
*Disclaimer: Major Players sorted in no particular order
Liquid Packaging Market News
- February 2024: Amcor Group, headquartered in Switzerland, partnered with Stonyfield Organic, a United States-based organic yogurt producer, and Cheer Pack North America, a specialist in spouted pouch packaging, to introduce the inaugural all-polyethylene (PE) spouted pouch for its YoBaby refrigerated yogurt.
- November 2023: Sidel, a France-based company, unveiled an ultra-light PET bottle tailored for packaging liquid dairy products. These mini-sized bottles, with capacities ranging from 65 ml to 150 ml, are designed for ambient and cold chain processes, making them ideal for products such as drinking and probiotic yogurts. Beyond dairy, the bottles are also versatile enough for use in the juice, nectar, soft drink, isotonic, and tea sectors.
Liquid Packaging Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Power of Buyers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitutes products
4.3.5 Intensity of Competitive Rivalry
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Urbanization and Consumer Convenience to Increase Demand for Liquid Packaging
5.1.2 Rising Trend of Sustainable Liquid Packaging Solutions
5.2 Market Challenge
5.2.1 Environmental Concerns for Plastic Packaging to Hamper Market Growth
6. INDUSTRY REGULATION, POLICY AND STANDARDS
7. MARKET SEGMENTATION
7.1 By Material
7.1.1 Paperboard
7.1.2 Plastic
7.1.3 Glass
7.1.4 Metal
7.2 By Packaging Type
7.2.1 Flexible
7.2.2 Rigid
7.3 By Technology
7.3.1 Aseptic Liquid Packaging
7.3.2 Blow Molding
7.3.3 Form Fill Seal
7.4 By End-User Industry
7.4.1 Food & Beverage
7.4.2 Personal Care
7.4.3 Pharmaceutical
7.4.4 Household Care
7.4.5 Industrial
7.4.6 Other End-User Industries
7.5 By Geography***
7.5.1 North America
7.5.1.1 United States
7.5.1.2 Canada
7.5.2 Europe
7.5.2.1 Germany
7.5.2.2 France
7.5.2.3 Italy
7.5.2.4 Spain
7.5.3 Asia
7.5.3.1 China
7.5.3.2 India
7.5.3.3 Japan
7.5.4 Australia and New Zealand
7.5.5 Latin America
7.5.5.1 Brazil
7.5.5.2 Mexico
7.5.6 Middle East and Africa
7.5.6.1 Saudi Arabia
7.5.6.2 United Arab Emirates
7.5.6.3 South Africa
8. COMPETITIVE LANDSCAPE
8.1 Company Profiles
8.1.1 Comar LLC
8.1.2 Tetra Laval International S.A
8.1.3 Mondi Group
8.1.4 Amcor Group
8.1.5 Sealed Air Corporation
8.1.6 Berry Global Inc.
8.1.7 SIG Group AG
8.1.8 Smurfit Westrock PLC
- *List Not Exhaustive
8.2 Heat Map Analysis
8.3 Competitor Analysis - Emerging vs. Established Players
9. RECYCLING & SUSTAINABILITY LANDSCAPE
10. FUTURE OUTLOOK
Liquid Packaging Industry Segmentation
Liquid packaging employs specialized materials and technologies to contain and safeguard various liquid products. This packaging solution caters to various liquids, ranging from beverages and edible oils to pharmaceuticals and industrial chemicals. The research also examines underlying growth influencers and significant industry vendors, all of which help to support market estimates and growth rates throughout the anticipated period. The market estimates and projections are based on the base year factors and arrived at top-down and bottom-up approaches.
The liquid packaging market is segmented by material (Paperboard, Plastic, Glass, and Metal), by packaging type (Flexible and Rigid), by technology (Aseptic Liquid Packaging, Blow Molding, and Form Fill Seal), by end-user industry (Food and Beverage, Personal Care, Pharmaceutical, Household Care, Industrial and Other End-User Industries) and by geography (North America, Europe, Asia Pacific, South America and Middle East and Africa), The market sizing and forecasts are provided in terms of value (USD) for all the above segments.
| By Material | |
| Paperboard | |
| Plastic | |
| Glass | |
| Metal |
| By Packaging Type | |
| Flexible | |
| Rigid |
| By Technology | |
| Aseptic Liquid Packaging | |
| Blow Molding | |
| Form Fill Seal |
| By End-User Industry | |
| Food & Beverage | |
| Personal Care | |
| Pharmaceutical | |
| Household Care | |
| Industrial | |
| Other End-User Industries |
| By Geography*** | ||||||
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| Australia and New Zealand | ||||||
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Liquid Packaging Market Research FAQs
How big is the Liquid Packaging Market?
The Liquid Packaging Market size is expected to reach USD 365.45 billion in 2024 and grow at a CAGR of 5.71% to reach USD 482.37 billion by 2029.
What is the current Liquid Packaging Market size?
In 2024, the Liquid Packaging Market size is expected to reach USD 365.45 billion.
Who are the key players in Liquid Packaging Market?
Tetra Laval International S.A, Mondi Group, Amcor Group, SIG Group AG and ProAmpac Intermediate Inc. are the major companies operating in the Liquid Packaging Market.
Which is the fastest growing region in Liquid Packaging Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Liquid Packaging Market?
In 2024, the Asia Pacific accounts for the largest market share in Liquid Packaging Market.
What years does this Liquid Packaging Market cover, and what was the market size in 2023?
In 2023, the Liquid Packaging Market size was estimated at USD 344.58 billion. The report covers the Liquid Packaging Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Liquid Packaging Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Liquid Packaging Industry Report
Statistics for the 2024 Liquid Packaging market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Liquid Packaging analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
