Liquid Packaging Market Growth Dominated by APAC: 5.4% CAGR to 2021
PUNE, India, November 15, 2016 /PRNewswire/ --
The market size for liquid packaging is projected to reach USD 370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021 driven by high demand from food & beverages industry while flexible liquid packaging is the fastest-growing liquid packaging type, globally.
Complete report on global liquid packaging market spread across 280 pages, profiling 10 companies and supported with 125 tables and 49 figures is now available at http://www.reportsnreports.com/reports/746665-liquid-packaging-market-by-packaging-type-flexible-rigid-resin-polyethylene-polypropylene-end-use-industries-food-beverage-industrial-technique-aseptic-liquid-packaging-blow-molding-form-fill-seal-t-st-to-2021.html .
Increasing demand from the food & beverages industry is the major driver for liquid packaging market. The global liquid packaging industry is expected to rise with the increasing demand from food & beverage industry in economies such as India, China, Africa, Middle East, Germany, Brazil, and others. Increasing carbon footprint due to use of various resins in the manufacturing of liquid packaging type is the major restraint affecting the growth of the market.
Flexible liquid packaging is the fastest-growing liquid packaging type. This packaging type provides various advantages such as longer shelf life, less cost, consumer friendly, capable of retaining freshness of products, less energy consumption, green packaging, and others. Films are the largest flexible liquid packaging type used majorly in the packaging of liquid products. Liquid packaging is widely used as it prevents the loss of moisture or protects the goods from moisture; improves tear, scuff and puncture resistance; and provides a heat sealable surface; and so on.
Asia-Pacific is the largest market for liquid packaging globally, with China being the most dominant market. This region is also anticipated to witness highest growth rate, which is attributed to the rapid economic expansion in the region. The rapid development in liquid packaging industry is also vigorously driven by the demand from food & beverages, medical & pharmaceutical, and other end-use industries in the region.
The report also includes company profiles and competitive strategies adopted by the major market players such as The Dow Chemical Company (U.S.), International Paper (U.S.), Tetra Pak International S.A. (Switzerland), Smurfit Kappa (Ireland), Mondi Plc. (Austria), Sidel (Switzerland), BillerudKorsnäs (Stockholm), Elopak (Norway), Evergreen Packaging (U.S.), and Weyerhaeuser (U.S.).
Order a copy of Liquid Packaging Market by Packaging Type (Flexible, Rigid), Resin (Polyethylene, Polypropylene), End-use Industries (Food & Beverage, Industrial), Technique (Aseptic Liquid Packaging, Blow Molding, Form Fill Seal Technology) - Global Forecast to 2021 research report at http://www.reportsnreports.com/purchase.aspx?name=746665 .
The report includes in-depth competitive analysis of these key players in the liquid packaging market, with their company profiles, SWOT analysis, recent developments, and key market strategies. In the process of determining and verifying, the global liquid packaging market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (37%), Tier 2 (38%) and Tier 3 (25%) companies were contacted for primary interviews. The interviews were conducted with various key people such as Research & Consultants (30%), Sales Executives (30%) and Managers (40%) from various key organizations operating in the global liquid packaging market. The primary interviews were conducted worldwide covering regions such as Asia-Pacific (54%), Middle-East & Africa (23%), Europe (15%) and North America (8%).
On a related note, another research on Flexible Packaging Market Global Forecast to 2021 says, the global market is projected to grow USD 125.66 billion by 2021, at an estimated CAGR of 5.11% from 2016 to 2021. Retort pouches segment is projected to grow at the highest rate during the forecast period. Asia-Pacific accounted for the largest market share in 2015. Companies like Amcor Limited, Bemis Company, Inc., Constantia Flexible Group GmbH, Huhtamaki Group, Sonoco Products Company, Sealed Air Corporation, Mondi Group, Clondalkin Group Holdings B.V., Coveris Holdings S.A. and Ampac Holdings, LLC have been profiled in this 267 pages research report available at http://www.reportsnreports.com/reports/270112-flexible-packaging-market-by-end-use-food-beverage-personal-care-pharmaceutical-material-polypropylene-bopp-cpp-polyethylene-evoh-pa-bopet-pvc-aluminum-paper-cellulosic-global-trends-forecast-to-2018.html .
Explore more reports on manufacturing & construction market at http://www.reportsnreports.com/market-research/manufacturing .
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