Product Overview

Packaging is a safe technology to protect products for storage, distribution, sale, and use. Liquid packaging is a packaging technique which is done to protect the consumables like food, beverages, and liquids from damage during transportation and storage and microbial contamination. For proper transportation and long-term storage selection of liquid packaging is vital. Liquid packaging includes rigid and flexible packaging formats. Rigid packaging consists bottles and containers and flexible packaging includes squeezable tubes, films, bag-on-box, cartons, and stand-up pouches. Liquid packaging helps to preserve the product's freshness and plays a crucial role in preserving the product from moisture. Liquid packaging provides improved shell life, elevated recyclability, high eco-friendliness, and convenience for transport.

Market Highlights

Global Liquid Packaging is expected to project a notable CAGR of 4.49 % in 2030.

Global Liquid Packaging to surpass USD 537.45 billion by 2030 from USD 346.26 billion in 2020 at a CAGR of 4.49 % in the coming years, i.e., 2021-30 on account of rapid expansion of food and beverages industry. Liquid packaging is extensively used among various end-user industries owing to its properties such as tear scuff and heat resistance, loss of moisture, and cost-effectiveness. Moreover, technological advancements in packaging standards, escalating demand for packaged food and FMCG, increasing e-commerce activities, and high demand for sustainable and lightweight packaging stimulate the growth of the global liquid packaging market.

Recent Highlights in Global Liquid Packaging

In June 2019, Smurfit Kappa Group plc, a packaging company based in Dublin-, introduced a stand-up pouch for olive oil. The new pouch is of 1.5-liter size and is compatible with both automatic and semiautomatic filling machine

In September 2018, Nippon Paper Industries Co., Ltd. launched NSATOM, an aseptic filling system for paper packaging. This novel system assists packaging of beverages with particles, long fibers, and high viscosity.

Global Liquid Packaging: Segments

Rigid segment to grow with the highest CAGR during 2021-30

Global Liquid Packaging is segmented by Packaging Type into flexible and rigid. Rigid, segment held the largest market share in the year 2020. Rigid packaging includes cartons, paperboard, PET bottles, and cans. PET bottles are extensively used for liquid products such as carbonated drinks, water, beverages, dairy products, and alcohol.

Aseptic Liquid Packaging segment to grow with the highest CAGR during 2021-30

Global Liquid Packaging is divided by Technique into aseptic liquid packaging, blow molding and form fill seal technology. Aseptic Liquid Packaging, segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years. The growth of the segment of the market is driven by the increasing uses of aseptic packaging for the packaging of personal care, pharmaceutical liquid products, and beverages.

Food & Beverage segment to grow with the highest CAGR during 2021-30

Global Liquid Packaging is divided by Application into food & beverage, pharmaceutical, beauty & personal care, household care, and others. Food & Beverage, segment held the largest market share in the year 2020 and will continue to dominate the market in the coming years. The growth of the segment is attributed to the rising demand for liquid food and beverages. In addition to this, growing e-commerce industry in emerging economies is fueling the growth of the segment.

Market Dynamics

Drivers

Growing Consumer Awareness Towards Environmentally Friendly Packaging Carton

Consumers are seeking environment-friendly packaging options, which is expected to be a major factor to boost the demand for liquid packaging. Moreover, the recyclability of cardboard items lowers the cost of urban waste and long-term production. Aseptic cartons are primarily made of paperboard, with thin layers of plastic and aluminum. Such type of cartons is helpful in preserving the food for a long period of time even without adding any preservatives. In addition to this, in the beverage industry, aseptic packaging is highly used since these cartons remove the need for preservatives and make sure that the food is preserved for a long period of time.

Mounting Demand for Packaged Food and Beverages Products

With the changing lifestyle and increase in disposable income, the demand for packaged food and beverages such as fruits, vegetables, juice, etc. is growing on account of busy schedules of consumers which is a key driving factor for the growth of the global liquid packaging market. Additionally, the robust growth in the FMCG industry is likely to fuel the demand for liquid packaging over the projected years. Fast-paced lifestyle of consumers is propelling the demand for FMCG products. Besides, flexible liquid packaging offers certain benefits such as ability to maintain freshness, increased shell life of food, convenience, reduced packaging cost, and elimination of material wastage which may further boost the liquid packaging market growth.

Restraint

Environmental Issues

Various resins are used in the liquid packaging market which includes PE, PET, and PP. The usage of these resins is resulting in increased carbon footprints which may act as a constraint in the growth of the liquid packaging market. During the processing of these resins, harmful by-products are produced which could contribute to an increase in the carbon footprint. This factor is likely to impact the Liquid Packaging market negatively.

Global Liquid Packaging: Key Players

The Dow Chemical Company

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis

Akzo Nobel N. V.

Mondi Plc.

Exxon Mobil Corporation

Bobst Group SA

Borealis AG

LyondellBasell

Adam Pack S.A.

Comar Inc.,

Elopak Inc.,

Evergreen Packaging Inc.,

Nippon Paper Industries Co. Ltd.

Other Prominent Players

Global Liquid Packaging: Regions

Global Liquid Packaging is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa. Global Liquid Packaging in Asia Pacific held the largest market share in the year 2020. Asia Pacific will continue to dominate the global Liquid Packaging. Countries such as India and China have a wide consumer base for food & beverages and presence of major players in the region is expected to fuel the market growth. In addition, favorable government policies coupled with expanding pharmaceutical industry is contributing in the growth of the regional market share. Apart from that accelerating population growth in India, China, Pakistan, Thailand, and Indonesia has led to the growth of the liquid packaging industry in the region.

Global Liquid Packaging is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global Liquid Packaging report also contains analysis on:

Liquid Packaging Segments:

By Packaging Type

Flexible

Rigid

By Technique

Aseptic Liquid Packaging

Blow Molding

Form Fill Seal Technology

By Packaging Material

Resin

Glass

Paper

Others

By Application

Food & Beverage

Pharmaceutical

Beauty & Personal Care

Household Care

Others

Liquid Packaging Dynamics

Liquid Packaging Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

Contents

1. Executive Summary

2. Global Liquid Packaging Market

2.1. Product Overview

2.2. Market Definition

2.3. Segmentation

2.4. Assumptions and Acronyms

3. Research Methodology

3.1. Research Objectives

3.2. Primary Research

3.3. Secondary Research

3.4. Forecast Model

3.5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

6.1. Growth Drivers

6.2. Restraints

6.3. Opportunity

6.4. Trends

7. Correlation & Regression Analysis

7.1. Correlation Matrix

7.2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

9.1. Demand Risk Analysis

9.2. Supply Risk Analysis

10. Global Liquid Packaging Market Analysis

10.1. Porters Five Forces

10.1.1. Threat of New Entrants

10.1.2. Bargaining Power of Suppliers

10.1.3. Threat of Substitutes

10.1.4. Rivalry

10.2. PEST Analysis

10.2.1. Political

10.2.2. Economic

10.2.3. Social

10.2.4. Technological

11. Global Liquid Packaging Market

11.1. Market Size & forecast, 2020A-2030F

11.1.1. By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

11.1.2. By Volume (Billion Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Global Liquid Packaging Market: Market Segmentation

12.1. By Regions

12.1.1. North America:(U.S. and Canada), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.2. By Packaging Type: Market Share (2020-2030F)

12.2.1. Flexible, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.2.2. Rigid, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.3. By Technique: Market Share (2020-2030F)

12.3.1. Aseptic Liquid Packaging, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.3.2. Blow Molding, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.3.3. Form Fill Seal Technology, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.4. By Packaging Material: Market Share (2020-2030F)

12.4.1. Resin, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.4.2. Glass, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.4.3. Paper, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.4.4. Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.5. By Application: Market Share (2020-2030F)

12.5.1. Food & Beverage, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.5.2. Pharmaceutical, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.5.3. Beauty & Personal Care, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.5.4. Household Care, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12.5.5. Others, By Value (USD Billion) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

13 Company Profile

13.1. The Dow Chemical Company

13.1.1. Company Overview

13.1.2. Company Total Revenue (Financials)

13.1.3. Market Potential

13.1.4. Global Presence

13.1.5. Key Performance Indicators

13.1.6. SWOT Analysis

13.1.7. Product Launch

13.2. Akzo Nobel N. V.

13.3. Mondi Plc.

13.4. Exxon Mobil Corporation

13.5. Bobst Group SA

13.6. Borealis AG

13.7. LyondellBasell

13.8. Adam Pack S.A.

13.9. Comar Inc.,

13.10. Elopak Inc.,

13.11. Evergreen Packaging Inc.,

13.12. Nippon Paper Industries Co. Ltd

13.13. Other Prominent Players

14 Consultant Recommendation

**The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)