The liquid packaging bag market value is expected to rise from US$ 2.9 billion in 2024 to US$ 4.0 billion by 2034. This market is expected to be driven by a CAGR of 3.30% over the next decade.
Consumers are becoming cognizant of the quality of their food purchases. As a result, core factors that decide product ownership include convenience and sustainability. In this regard, liquid pouches have made a dynamic shift in the field of food packaging. The convenience offered by liquid packaging bags to efficiently carry food items has made it a staple in multiple sectors. These include personal care, the food and beverage sector, home care, and pharmaceutical industries.
Certain providers of liquid packaging bags are increasing their presence in different beverage sectors. They are expanding their ‘core competencies’ in film extrusion, barrier bag manufacturing, and digital technology. So that they can grab the opportunity to rise in quick service and food service restaurants.
Request a Sample Report! https://www.futuremarketinsights.com/reports/sample/rep-gb-3873
Another opportunity for market players is the use of recyclable polymer as a green alternative to polythene. In this aspect, many industry participants are brainstorming new ideas to develop sustainable liquid packaging bag solutions.
“Market participants are developing green packaging solutions to carry liquids. Players are further focusing on using aseptic technology to increase the shelf life of the final product,” says an analyst of Future Market Insights.
Key Takeaways from the Liquid Packaging Bag Market Report
- The liquid packaging bag industry gained a revenue of US$ 2.5 billion in 2019. In 2023, the market accumulated US$ 2.8 billion. During the historical period, the market experienced a CAGR of 2.40%.
- By material, the polypropylene segment is expected to attain 31.2% in 2024.
- Based on end use, the beverages sector acquired 29.3% in 2024.
- The liquid packaging bag industry has gained maturity levels in countries like the United States, Germany, and the United Kingdom.
- In countries of Asia Pacific, India, China, and Thailand are offering significant growth scope for market players.
Get in Touch with Our Sales Team to Secure Your Copy of the Report Now! https://www.futuremarketinsights.com/checkout/3873
Competitive Analysis
Key players are coming into partnerships and collaborations with technology providers, raw material suppliers, and brand owners to enhance their position in the market. Additionally, end users are demanding eye-catching designs to attract customers. To address this, players are offering custom options.
Industry participants are using aseptic technology to capture the growing segment of health and hygiene-conscious consumers. Aseptic technology permits sterile filling and extended shelf life, especially for minimally processed food and beverages. Market players are complying with stricter regulations for plastic waste by complying with these regulations by using sustainable practices.
Recent Happenings in the Liquid Packaging Bag Market
- Hood Container Corporation officially disclosed the acquisition of Sonoco Display and Packaging in April 2021. The former company now has a presence in various locations, such as Iowa, North Carolina, Arkansas, Illinois, Georgia, New Jersey, and Pennsylvania. This initiative permits Hood Container to offer its product portfolio to Sonoco Display and Packaging’s existing customers and increase its domestic footprint.
- Amcor, a sustainable packaging solutions provider, introduced a new platform of paper-based packaging products, AmFiber ™. AmFiber intends to redefine the capabilities of traditional paper packaging. Thus offering a broader range of functional advantages and features to meet evolving consumer demands.
Liquid Packaging Bag Market Research by Categories
Various Types of Liquid Packaging Bags:
- Plastic
- PET
- HDPE
- PP
- PVC
- Metalized Films
Different End Users for Liquid Packaging Bags:
- Beverage
- Industrial
- Lubricant
- Consumers
- Homecare
Different Markets for Liquid Packaging Bag are:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
About Future Market Insights Inc. (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
