For the purposes of packing, transporting, and storing liquids and semi-liquids, various materials and packaging designs are referred to as "liquid packaging." To enable the secure transportation and extended storage of these compounds, the proper selection of liquid packing is essential. Liquid packaging includes a variety of formats, such as rigid choices like bottles and containers and flexible choices like films, stand-up pouches, squeezable tubes, cartons, and bag-on-box packaging. These products can be made of a single substrate or from several layers, as in liquid cartons. They are used for both food and non-food packaging, like that of chemicals.
According to SPER market research, ‘India Liquid Packaging Market Size- By Material, By Technology, By Packaging Format, By End User Industry - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the India Liquid Packaging Market is predicted to reach USD XX billion by 2033 with a CAGR of XX%.
The Liquid Packaging Market in India is expanding rapidly due to several key factors. There is a demand for efficient liquid packaging solutions in India due to the food and beverage industry's rapid growth. Packaging for beverages, dairy goods, edible oils, sauces, and other liquid-based food items are included in this. The demand for effective and dependable liquid packaging solutions has been driven by the growth in the number of food and beverage manufacturing facilities. Additionally, benefits of flexible liquid packaging like convenient and user-friendly packaging, the capacity to preserve freshness and lengthen the shelf life of food, reduced food product packaging costs, the elimination of material wastage, and the ability to customize packages all contribute to the market growth for liquid packaging. It takes little time to prototype new packaging products.
Despite the many drivers and opportunities for growth in the Liquid Packaging Market in India, there are also several challenges that must be addressed. To address cost-related concerns throughout the value chain, a number of manufacturers have started employing lightweight packaging goods. Additionally, as an alternative to conventional petroleum-based polymers, businesses are leaning toward recyclable polymers. Therefore, it is anticipated that increased government regulations on plastic packaging items and rising disposal concerns will impede the growth of the global market.
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In addition, The India Liquid Packaging Market has been significantly impacted by the COVID-19 outbreak. First, lockdown procedures have hurt the travel and tourist sector, which has negatively impacted the food and beverage industry as well as the hotel sector. Additionally, due to the weakening of the manufacturing sector, a fall in the industrial liquid packaging is anticipated. Second, there has been a fall in the use of packaged liquids as a result of the severe lockdown measures and decreased economic activity. In order to ensure product integrity and reduce the danger of contamination, packaging design and materials have also had to adapt as a result of the increased emphasis on hygiene and safety. Overall, the market has had difficulties due to disruptions in the supply chain, shifting customer preferences, and the demand for creative packaging solutions.
Geographically, facilities and businesses that produce liquid packaging can be found all across the nation, serving both regional and global markets. Due to their dense populations, thriving manufacturing sectors, and accessibility to transportation networks, considerable concentrations of liquid packaging businesses can be found in major industrial centers and metropolitan cities like Mumbai, Delhi, Chennai, Bangalore, and Kolkata. Additionally, some of the market key players are AGI Greenpac, Canpack, Tetra Pak, Tinplate, Uflex, Others.
India Liquid Packaging Market Key Segments Covered
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2033. This report contains statistics on product type segment growth estimates and forecasts.
By Material: Based on the Material, India Liquid Packaging Market is segmented as; Glass, Metal, Plastic, Others.
By Technology: Based on the Technology, India Liquid Packaging Market is segmented as; Aseptic Liquid Packaging, Blow Molding, Form Fill Seal.
By Packaging Format: Based on the Packaging Format, India Liquid Packaging Market is segmented as; Flexible, Rigid.
By Region: This report also provides the data for key regional segments of Central India, Eastern India, Northeastern India, Northern India, Southern India, Western India.
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India Liquid Packaging Market Size
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Global Liquid Packaging Market was valued US$ 195.85 Bn in 2018 and is expected to reach US$ 375.16 Bn by 2026, at CAGR of 8.46% during forecast period.
Furthermore, expanding medicines sector with rapidly aging population further augments the global liquid packaging market growth.
Growing demand for packaged goods and a development of transportation industry in emerging economies is also significantly boosting the request for global liquid packaging market.The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.Increasing inclination of consumers towards packaged drinks and food products.
Plastic packaging is one of the key alternatives and major competitor for the carton packaging for drinks.Based on packaging type segment, rigid liquid packaging is the most-widely used packaging type for liquid products.
It is resistant to impact, recyclable, moisture, and chemicals.On the basis of end-use industry segment, Food & beverage is expected to hold largest market share during forecast period.
These businesses are actively advancing in various strategies like new product developments, M, and expansion projects globally to increase their market share.In terms of region, Asia-Pacific is estimated to hold largest market share during forecast period.
