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.
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
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