Customized Packaging Options Laced with Attractive Designs May Serve as Trump Card of Growth for Liquid Packaging Market, TMR Predicts CAGR of ~5% across Forecast Period of 2019-2027

Customized Packaging Options Laced with Attractive Designs May Serve as Trump Card of Growth for Liquid Packaging Market, TMR Predicts CAGR of ~5% across Forecast Period of 2019-2027

PR Newswire

ALBANY, N.Y., July 23, 2020

- The prodigious packaged food industry and the soaring consumption of aerated drinks is likely to drive the growth of the liquid packaging market across the forecast period

- Asia Pacific may acquire a significant market share; elevating focus on hygiene in developing countries like India and China may serve as a prominent growth pillar

ALBANY, N.Y., July 23, 2020 /PRNewswire/ -- Awareness for hygienic and sturdy liquid packaging across numerous sectors across the globe mainly pharmaceuticals, cosmetics, and the food and beverage industry is pushing the global liquid packaging market toward growth. Liquid packaging materials have properties like anti-leak, crack-resistive, and robustness. These properties may serve as vital growth attractors for the liquid packaging market.

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Based on all these factors, the global liquid packaging market is foreseen to expand at a CAGR of nearly 5% during the forecast period of 2019-2027. The global liquid packaging market stood at approximately US$ 428.5 bn in 2018 and is prophesied to reach more than US $ 657.5 bn by 2027.

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The fast-paced lifestyle of numerous individuals across the globe has led to increased preference for instant and ready-to-carry liquid products. This aspect may serve as a growth multiplier for the liquid packaging market. Sustainable packaging may also serve as an emerging trend and a game-changer for the liquid packaging market due to the heightening environmental awareness among the populace.

Liquid Packaging Market: Facts and Figures

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Liquid Packaging Market: Growth Aspects

The awareness for health and hygiene, especially due to the ongoing COVID-19 pandemic may trigger positive growth for the global liquid packaging market across the forecast period of 2019-2027.

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How is Attractive Packaging Positively Influencing Growth of Liquid Packaging Market?

Appealing packaging with quirky and cool designs is proving to be a great strategy for attracting a large consumer base. Packaging design is serving as a key booster for sales and may bring tremendous growth opportunities for the liquid packaging market. Customized liquid packaging designs of a specific shape or size in tandem with the brand's product design specifications may churn immense growth during the forecast period.

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Global Liquid Packaging Market: Segmentation

By Packaging Type

By Raw Material

By Technique

By End-use

By Region

Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,

Plating on Plastics Market - The rise in demand for plastic in the automotive industry is expected to drive the global plating on plastics market during the forecast period. Plastics offer several structural and weight advantages over traditional metal automotive parts. They are used as raw materials to manufacture various structural, interior, exterior, and other automobile components. Furthermore, plating with metals, such as chrome and nickel provides enhanced esthetic appearance, corrosion resistance, and overall strength to products.

Specialty Zeolites Market - Specialty zeolites are employed in paints and coatings due to their high adsorption capacity. These are used in various types of paints such as marine paints and polyurethane paint. The global specialty zeolites market was valued at US$ 44 Mn in 2018 and is anticipated to expand at a CAGR of 3.2% during the forecast period. Europe accounts for major share of the global specialty zeolites market, led by high demand for paints & coatings in construction industry.

Polystyrene Films Market - In terms of grade, the global polystyrene films market can be bifurcated into biaxially oriented polystyrene (BOPS) and Oriented polystyrene (OPS). BOPS are commonly used for thermoforming and shrink film products due to their stiffness and transparency. BOPS have excellent transparency and high thermoforomability and printability. OPS have excellent dimensional stability and high tensile strength for print applications.

Self-adhesive Vinyl Films Market - In terms of region, the self-adhesive vinyl films market can be divided into Asia Pacific, Europe, North America, MEA and Latin America. Asia Pacific accounts for major share of the self-adhesive vinyl films market, followed by Europe. Asia Pacific and Europe are key regions for retail branding, which covers signage, high quality photo prints, and floor graphics. North America is also a key region of the self-adhesive vinyl films market.

Bonding Film Market - The bonding film market can be segmented based on type, technology, end-use industry, and region. In terms of type, the bonding film market can be classified into epoxy, acrylic, polyurethane, and others. The others segment includes polyvinyl acetate (PVA), polyvinyl butyral (PVB), ethylene-vinyl acetate (EVA), and phenolic. The epoxy segment holds a significant market share, owing to characteristics of epoxy bonding films such as high bonding strength and the capability to bond with different types of substrates.

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