DUBLIN, Dec 2, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Liquid Packaging Market by Packaging Type (Flexible, Rigid), Resin (Polyethylene, Polypropylene), End-use Industries (Food & Beverage, Industrial), Technique (Aseptic Liquid Packaging, Blow Molding) - Global Forecast to 2021" report to their offering.
The global liquid packaging market size, in terms of value, is projected to reach USD 370.75 Billion by 2021, at a CAGR of 5.4% between 2016 and 2021
The high demand is attributed to the growing food & beverage industry globally. Players in this market are adopting various organic and inorganic strategies to expand their presence in the emerging economies such as Asia-Pacific, Middle East & Africa, and Latin America.
Rigid liquid packaging is the most-widely used packaging type of liquid packaging. Rigid liquid packaging includes cartons, paperboard, glass, cans and plastics & PET bottles. Plastics & PET bottles is the largest segment of the rigid liquid packaging type. They are widely used for packaging of liquid products such as water, carbonated drinks, alcohol, beverages, dairy products, and others. Rigid liquid packaging is the traditional packaging type for liquid products as it is resistant to impact, moisture, recyclable, and chemicals. Other rigid liquid packaging types are used in various end-use industries such as food & beverage, non-food and industrial.
The largest end-use industry of the liquid packaging market is food & beverage. The food & beverage industry is growing at a fast pace and the increasing population and rising economic income is facilitating the growth of this industry. Various packaging types used for food & beverage packaging include bag-in-box, stand-up pouch, plastics & PET bottles, cans, glass, films, paperboard, and cartons. Liquid products such as water, juices, dairy products, beverages, wine & spirits, detergents and household cleaning items, among others are packaged in these packaging types.
Asia-Pacific is the global forerunner in the liquid packaging market, in terms of value, and is expected to continue till 2021. Countries in this region such as China, India, Japan, South Korea, Malaysia, Thailand, and Indonesia are witnessing significant increase in the use of liquid packaging in food & beverage industry. Other regions such as Latin America are also expected to show significant growth in this market due to improving economic conditions. Also, various players are expanding their reach to South America. The markets in Europe and North America are mature and are expected to witness a comparatively lesser growth.
The Dow Chemical Company (U.S.), International Paper (U.S.), Tetra Pak International S.A. (Switzerland), Smurfit Kappa (Ireland), and Mondi Plc. (Austria) are the dominant participants in the global liquid packaging market. These companies have been adopting various organic and inorganic growth strategies such as expansions, mergers & acquisitions, and new product launches to enhance their share in the liquid packaging market
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Liquid Packaging Market, By Technique
8 Liquid Packaging Market, By Resin
9 Liquid Packaging Market, By Packaging Type
10 Liquid Packaging Market, By End-Use Industry
11 Liquid Packaging Market, By Region
12 Competitive Landscape
13 Company Profiles
- Billerudkorsnas Ab
- Evergreen Packaging
- International Paper
- Mondi Plc
- Smurfit Kappa
- Tetra Pak International S.A.
- The Dow Chemical Company
- Weyerhaeuser Company
For more information about this report visit http://www.researchandmarkets.com/research/7dj7xr/liquid_packaging
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SOURCE Research and Markets