Liquid packaging boards belong to the category of laminated boards, typically featuring multiple layers with a coating of low-density polyethylene (LDPE) and aluminum. This specialized type of board is designed with a barrier coating to effectively contain liquids while preventing the undesirable migration of flavors and air through the liquid packaging board.
The global demand for Liquid Packaging Board Market is poised for remarkable growth, with a projected value of US$ 9,230.8 Million in 2022, expected to surge at a compelling CAGR of 3.5%, ultimately reaching a valuation of US$ 13,021.0 Million by 2032. This growth trajectory is predominantly ascribed to the burgeoning field of nano-food packaging.
Recent observations within the global food and beverage industry underscore an escalating appetite for dairy products, juices, and dilutable beverages. This consistent upswing in demand constitutes a pivotal driving force behind the surge in the global liquid packaging sector. Notably, liquid packaging predominantly relies on the utilization of liquid packaging paperboard (LPB), also known as liquid paperboard, as its primary raw material.
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Role of Start-ups
The Liquid Packaging Board Market is marked by the presence of several key players, including Asepto, Impakt Packaging, Kalpataru Papers, Munot Plastics, Evergreen Packaging, Flowback Paper Packaging, Quick Pouch, ATecnipac, among others. These industry leaders collaborate to deliver top-notch liquid packaging board solutions, contributing to the global landscape. Concurrently, the market also witnesses the emergence of various startups worldwide, entering the Liquid Packaging Board Market to meet the evolving demands of this sector.
In April 2022, UFlex Limited, a prominent player in flexible packaging materials and polymer science, took a noteworthy step towards sustainability by establishing India’s inaugural U-shaped paper straw manufacturing line. This initiative is part of UFlex’s commitment to its aseptic liquid packaging business and involves the installation of the manufacturing line at its existing plant in Sanand, Gujarat. Equipped with fully automated Dutch technology, the paper straw manufacturing line is expected to have an annual production capacity of approximately 2.4 billion straws.
Drivers:
- Growing Beverage Industry: The expanding global beverage industry, particularly the demand for non-alcoholic beverages like juice, milk, and other liquid products, is a significant driver for liquid packaging board. The rise in consumption of packaged beverages drives the demand for liquid packaging solutions.
- Environmental Concerns: Increasing environmental consciousness and demand for sustainable packaging options have led to the adoption of liquid packaging board, as it is often considered more eco-friendly compared to alternatives like plastic.
- Consumer Preferences: Changing consumer preferences and lifestyles, with an inclination towards on-the-go and single-serving packaging, contribute to the growth of the liquid packaging board market.
- Innovation and Customization: The versatility and adaptability of liquid packaging boards for various shapes, sizes, and printing options enable product differentiation and branding opportunities, which is a driving factor for the market.
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Regional Insights
North America
In terms of regional platform, North America holds the largest market share in Liquid Packaging Board market. The region is expected to surge at over 22% share from 2022 to 2032.
North America is expected to fuel the Liquid Packaging Board market, attributed to the rising e-commerce industry in the U.S.
Europe Region
According to Future Market Insights, Europe is expected to hold significant growth opportunities for Liquid Packaging Board, and is expected to reach at a share of 14% in 2022.
Europe is expected to witness a significant market growth, owing to new product launches of board packaging by key players to strengthen their position in the market.
Asia-Pacific region
According to Future Market Insights, Asia-Pacific is anticipated to grow with lucrative growth opportunities for Liquid Packaging Board Market, and is expected to reach at a significant share of 12.4% in 2022.
Asia-Pacific region accounts for a significant share in Liquid Packaging Board Market, attributed to the rising growth in population, rise in disposable income, and stable economic growth, rising development of nano-food packaging, increase in demand for lightweight as well as sustainable packaging and rising availability of substitutes in the form of plastic bottles and spout pouches in this region.
Key Players:
Evergreen Packaging LLC, BillerudKorsnäs, Clearwater Paper Corporation, ELOPAK, International Paper, Mondi, Visy, Smurfit Kappa, BOBST, Stora Enso, Gapack, Klabin S.A., Mayr-Melnhof Karton AG, NIPPON PAPER INDUSTRIES CO., LTD., Prom-Pack LLC, Weyerhaeuser Company, Roxcel Trading GmbH and SIG Combibloc Group Ltd. among others.
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Key Segments Profiled in the Liquid Packaging Board Industry Survey
Liquid Packaging Board Market By Packaging Type:
- Flexible Liquid Packaging Board
- Sachets
- Films
- Pouches
- Rigid Liquid Packaging Board
- Bottles
- Paperboard
- Drums
- Cans
- Containers
Liquid Packaging Board Market By Raw Material:
- Paper
- Plastics
- PP
- PET
- PE
- Glass
- Metal
Liquid Packaging Board Market By Technique:
- Modified Atmosphere Packaging
- Aseptic Packaging
- Intelligent Packaging
- Vacuum Packaging
Liquid Packaging Board Market By End-Use:
- Personal Care
- Food & Beverage
- Chemicals
- Pharmaceuticals
- Petrochemicals
- Household Care
Liquid Packaging Board Market By Region:
- North AmericaLiquid Packaging Board Market
- Latin AmericaLiquid Packaging Board Market
- Western EuropeLiquid Packaging Board Market
- Eastern EuropeLiquid Packaging Board Market
- APEJLiquid Packaging Board Market
- JapanLiquid Packaging Board Market
- Middle East & AfricaLiquid Packaging Board Market
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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 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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