Liquid packaging market

The Global Liquid Packaging Market Industry is increasingly influenced by sustainability initiatives. As consumers become more environmentally conscious, companies are adopting eco-friendly packaging solutions. This shift is evident in the growing demand for biodegradable and recyclable materials. For instance, major beverage companies are transitioning to plant-based plastics, which could significantly reduce carbon footprints. The industry's commitment to sustainability is projected to drive market growth, with the market expected to reach 348 USD Billion in 2024. This trend aligns with global efforts to reduce plastic waste and promote circular economy practices.

Based on the Region, the global Liquid Packaging is segmented into North America, Europe, Asia-Pacific, South America and Middle East & Africa. The Asia-Pacific dominated the global market in 2024, while the Asia Pacific is projected to be the fastest–growing segment during the forecast period. Major demand factors driving the Asia-Pacific market are the Asia-Pacific (APAC) market consist of China, India, Japan, South Korea, Thailand, Indonesia, and Rest of Asia-Pacific. The Asia Pacific liquid packaging market is experiencing significant growth, driven by factors such as increasing demand for sustainable packaging solutions, rapid industrialization, and a burgeoning middle-class population.

In March 2018, Constantia Flexibles Group expanded its presence in the region by acquiring a majority stake in India's Creative Polypack, aiming to enhance its flexible packaging offerings. 

Additionally, in October 2023, Charoen Pokphand Foods Public Company partnered with SCG Packaging PCL and SCG Chemicals to launch the Green Packaging Initiative in Thailand, focusing on developing environmentally friendly food packaging solutions. The Asia Pacific sustainable packaging market is projected to register a high compound annual growth rate (CAGR) 2032, driven by government initiatives promoting eco-friendly packaging to address rising plastic waste concerns. 

Leading companies such as Amcor Ltd., Berry Plastics Corporation, Mondi Group, Sonoco Products Company, and Rengo Co. Ltd. are actively investing in the region, contributing to the market's expansion. These developments underscore the dynamic nature of the Asia Pacific liquid packaging market, with strategic acquisitions, partnerships, and a focus on sustainability driving its growth.

FIGURE 3: LIQUID PACKAGING MARKET VALUE BY REGION 2024 AND 2035 (USD BILLION)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

Further, the countries considered in the scope of the Application Tracking System Market are the US, Canada, Mexico, Belgium, Germany, France, Russia, Spain, Italy, Rest of Europe, China, India, Japan, South Korea, Malaysia, Thailand, Indonesia, Rest of Asia-Pacific, GCC Countries, South Africa, Rest of MEA, Brazil, Argentina, Rest of South America and others.

Many global, regional, and local vendors characterize the Liquid Packaging Market. The market is highly competitive, with all the players competing to gain market share. Intense competition, rapid advances in technology, frequent changes in government policies, and environmental regulations are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and government regulations. Vendors must provide cost-efficient, high-quality products to survive and succeed in an intensely competitive market.

The major competitors in the market are Amcor Plc, Sealed Air Corporation, Mondi Plc, UFLEX Limited, Berry Global Group, Inc, International Paper Company, Tetra Pak International S.A, Smurfit Kappa Group / Smurfit Westrock, DS Smith Plc, Sig COMBIBLOC Group Ag are among others. The Liquid Packaging Market is a consolidated market due to increasing competition, acquisitions, mergers and other strategic market developments and decisions to improve operational effectiveness.