PUNE, India, Feb. 1, 2023 (GLOBE NEWSWIRE) — The following segmentation and regional analysis studies have been conducted for the North American, European, Asian, South American, Middle East, and African markets. These are the key regions where the liquid packaging market operates and is expected to expand in the near future. Manufacturers and suppliers of the liquid packaging market are present in various countries of the above regions.
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The report gives a detailed view of the market segments formed by combining different perspectives such as package type, resin, end user and region. In addition, the following paragraphs also discuss key drivers, constraints, potential growth opportunities, and market challenges.
The key players in the global liquid packaging market are Comar LLC, Liqui-Box Corporation, Tetra Laval International SA, International Paper Company, Evergreen Packaging Inc., Nippon Paper Industries Co., Ltd., BillerudKorsnäs AB, DOW Chemical Company, Klabin. Paper, Smurfit Kappa Group and Mondi PLC. Among other things. In order to gain significant market share and strengthen their position in the global liquid packaging market, manufacturers are looking for expansion methods such as ongoing developments, mergers and acquisitions, product innovations, collaborations and partnerships, and joint ventures.
Liquid packaging is a type of multilayer packaging used to protect various liquid products such as juices, water, milk, purees and sauces from spills and other forms of physical or chemical damage during transit. As well as cartons, bag-in-boxes, stand-up pouches, squeeze tubes, bottles, containers and films. It protects objects from infection by external viruses and bacteria or exposure to light, acting as a shield. Liquid packaging is not only strong and lightweight, but also reduces carbon and greenhouse gas emissions. As such, it finds wide application in the food and beverage (F&B), personal care, pharmaceutical, chemical and petrochemical industries. Liquid packaging is a type of multilayer packaging used to protect various liquid products such as juices, water, milk, purees and sauces from spills and other forms of physical or chemical damage during transit. As well as cartons, bag-in-boxes, stand-up pouches, squeeze tubes, bottles, containers and films. It protects objects from infection by external viruses and bacteria or exposure to light, acting as a shield. Liquid packaging is not only strong and lightweight, but also reduces carbon and greenhouse gas emissions. As such, it has many applications in the global food and beverage (F&B), personal care, pharmaceutical, chemical and petrochemical industries. They are also focusing on several marketing strategies to increase their customer base, thereby helping to expand the industry.
The package type segment is flexible liquid packaging and rigid liquid packaging. The flexible packaging segment for liquid products is expected to post the highest growth rate over the forecast period. One form of flexible packaging that food manufacturers are expanding is the stand-up bag. Flexible packaging adds value to a variety of food and non-food products by combining the benefits of a variety of materials including paper, plastic, film, aluminum foil and more. Flexible packaging consumes less energy in the manufacturing process, reducing greenhouse gas emissions. In addition, it offers a high product-to-package ratio, which reduces waste. Because the contents of flexible packaging are more visible, shoppers feel more confident in their purchase, making the product more attractive on the shelf.
The resin part is polyethylene terephthalate, polypropylene and polyethylene. The polyethylene terephthalate segment is expected to show the highest growth rates during the forecast period. Polyethylene terephthalate, also known as polyethylene terephthalate, PET, PET or the obsolete PET or PET-P, is the most widely used thermoplastic polymer resin in the polyester family. It is used in clothing fibers, food and liquid storage containers, thermoforming manufacturing, and in combination with fiberglass for engineering resins. In 2016, 56 million tons of PET were produced annually. Bottle production satisfies approximately 30% of global demand, with fibers accounting for over 60% of applications. Although PET is often used in packaging, it is referred to as polyester in the textile industry.
The end user segment includes industrial, food and beverage and non-food products. The food and beverage segment is expected to post the highest growth rate during the forecast period. This is due to an increase in the number of patients hospitalized for surgery and treatment for COVID-19. Operating theaters generated an average of more than 2,000 tons of waste per day in 2016, a significant portion of which was disposable medical supplies, according to a study by the University of California, San Francisco. This category is likely to grow faster than expected during the forecast period due to the frequent use of disposable medical supplies by hospitals.
Regional analysis provides a detailed understanding of key regions and countries. Some of the major countries analyzing liquid packaging include the US, Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, China, Japan, India, Brazil, Peru, UAE, South Africa and Saudi Arabia.
The market size for liquid packaging in Germany was estimated at US$0.75 million in 2022 and is expected to reach US$1.19 million by 2030, growing by an average of 6% between 2023 and 2030. due to the deteriorating economic situation. The growth of the liquid packaging market in the region is expected to be driven by the entry of important key players in the coming years.
The size of the Chinese liquid packaging market was US$780,000 in 2022 and is expected to reach US$1,260,000 by 2030, with a CAGR of 6.2% between 2023 and 2030. Over the past 20 years, liquid packaging has grown in popularity in China for a number of reasons, including environmental concerns, technological advances, and an attractive economy. Consumer interactions and perceptions of packaging are changing rapidly.
India’s liquid packaging market was valued at US$0.6M in 2022 and is expected to reach US$0.96M by 2030 with a CAGR of 6.1 between 2023 and 2030. %. Due to the growing use of liquid packaging in the food and beverage industry, the expansion of industrial and institutional applications of liquid cartons and direct access to the raw materials needed to produce these cartons will support the growth of the regional liquid packaging market during the forecast period. Impact of Covid-19 Covid-19 has had a major impact on almost all industries such as electronics, semiconductors, manufacturing, automotive, etc. However, some companies in the technology services industry have seen revenue increases due to a significant change consumer preferences for technology services. Moreover, the pandemic has led to a significant increase in technology in both developing and developed countries.
Moreover, the growth of the liquid packaging market is mainly driven by technological advances.
By packaging type (flexible liquid packaging and rigid liquid packaging), resin (polyethylene terephthalate, polypropylene and polyethylene), end user (industrial, food and non-food), region, segmentation and forecast to 2030 https://greyviews.com/reports /liquid-packaging-market/504
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Post time: Feb-07-2023