Liquid Packaging Board Market

Liquid Packaging Board Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Liquid Packaging Board Market grew at a CAGR of 5.0% between 2017-2021 and is estimated to be US$ 10,456.3Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 5.9% and is expected to reach a valuation of US$ 18,549.7Mn by 2032 end.

There has been a steady increase in demand for dairy, juices, and dilutable drinks, according to recent trends in the global food and beverage business. This is one of the main international drivers of the need for liquid packaging. Liquid packaging paperboard (LPB), also known as liquid paperboard, is frequently used as a raw material for liquid packing.

Laminated boards include liquid packaging boards. A multilayer board with low-density polyethylene (LDPE) and aluminum coating is often used for liquid packing. The barrier coating must keep the liquid in place while preventing flavor and air from passing through the liquid packaging board.

Market Dynamic

AN INCREASE IN E-COMMERCE ACTIVITIES AND FOOD DELIVERY SERVICES IS THE MAJOR FACTOR IN THE GROWTH OF THE LIQUID PACKAGING BOARD MARKET

The main reason projected to boost the growth of the liquid packaging board market during the forecast period is the rise in e-commerce activities and food delivery services.

Throughout the analysis period, it is also anticipated that factors such as rising substitute availability in the form of plastic bottles and spout pouches, rising demand for plastic-based packaging techniques, and a growing preference for environmentally friendly packaging materials over traditional plastic packaging will all contribute to the growth of the liquid packaging board market.

Additionally, it is anticipated that shortly, the market for liquid packaging board will benefit greatly from the growing development of nano-food packaging and the shift in emphasis toward eco-friendly and creative packaging solutions.

AN INCREASE IN CONCERNS REGARDING RECYCLABILITY AND DISPOSABILITY OF PLASTIC PACKAGING PRODUCTS HINDERING THE GROWTH OF THE LIQUID PACKAGING BOARD MARKET

The primary factors anticipated to impede the growth of the liquid packaging board market are increased concerns about the recyclability and disposability of plastic packaging goods and growing government regulations governing plastic packaging products.

Additionally, the market expansion for liquid packaging boards is anticipated to be hampered by flexible spout pouches and plastic bottles in the upcoming years.

Market Segments Covered in Report

By Packaging Type:

• Flexible Liquid Packaging Board
• Sachets
• Films
• Pouches
• Rigid Liquid Packaging Board
• Bottles
• Paperboard
• Drums
• Cans
• Containers

By Raw Material:

• Paper & Paperboard
• Plastics
• PP
• PET
• PE
• Glass
• Metal

By Technique:

• Modified Atmosphere Packaging
• Aseptic Packaging
• Intelligent Packaging
• Vacuum Packaging

By End-Use:

• Personal Care
• Food & Beverage
• Chemicals
• Pharmaceuticals
• Petrochemicals
• Household Care

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why does Paper & Paperboard increase its demand in the anticipated period?

Due to its exceptional qualities, which include enhanced environmental protection and high recyclability, the paper segment is projected to experience significant expansion over the next years. One of the other key elements driving the demand for paper-based goods is a stricter government regulation banning non-biodegradable plastics.

To keep up with the rapidly changing market conditions, suppliers of paper packaging products, including paperboard containers and boxes, have improved their production capacities.

Which packaging type segment is surging in the forecast period?

With a market share of over 89.1%, rigid packaging has become a dominant sector. The production of packaging materials for pharmaceutical medications and beverages frequently uses rigid packaging. This is mostly due to rigid packaging’s superior qualities to other packaging types, which include high shelf-life and ease of transit and carrying.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 31.2%, North America is anticipated to expand at a moderate rate during the forecast period. Because of its significant demand for liquid packaging and growing use of paper products in place of other damaging materials in the region, which is likely to drive demand for liquid packaging in North America in the next years, the U.S. is regarded as the region’s largest contributor to growth.
• The rising population, rising disposable income, stable economic growth, increasing development of nano-food packaging, rising demand for lightweight and sustainable packaging, and rising accessibility of substitutes in the form of plastic bottles and spout pouches in this region are all factors contributing to the Asia-Pacific region holding a significant share of the global liquid packaging board market.

Competition Analysis

The market is quite competitive due to a large number of participants. Because of the quick changes in consumer preferences that spur innovation and product development, the worldwide liquid packaging market wants severe competition among the industry participants. Additionally, brand managers are heavily focused on gaining the largest possible market share globally due to the differentiation and personalization of the products.

A list of some of the key suppliers present in the market are:

• Comar LLC
• Tetra Laval International S.A.
• Liqui-Box Corporation
• Evergreen Packaging Inc.
• International Paper Company
• BillerudKorsnäs AB
• Nippon Paper Industries Co., Ltd.
• Klabin Paper
• The DOW Chemical Company
• Smurfit Kappa Group
• Mondi PLC.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.