Global Liquid Packaging Board’s demand is anticipated to be valued at US$ 9,230.8 Million in 2022, forecast to grow at a CAGR of 3.5% to be valued at US$ 13,021.0 Million from 2022 to 2032.
In today’s world, where environmental sustainability is a growing concern, the Liquid Packaging Board Market has emerged as a significant player in the packaging industry. Liquid packaging boards offer a sustainable solution for various packaging needs, ensuring product safety, environmental responsibility, and cost-effectiveness. In this article, we will delve deep into the Liquid Packaging Board Market, exploring its key aspects, trends, and answering frequently asked questions.
Liquid Packaging Board Market Overview
Liquid packaging boards, often known as liquid cartons, are versatile and environmentally friendly packaging materials used for a wide range of liquid products. These boards are primarily composed of paperboard coated with a thin layer of plastic, making them suitable for storing liquids such as dairy products, juices, and even pharmaceuticals.
The global demand for Liquid Packaging Board is poised to reach US$ 9.2308 billion in 2022, with a projected growth rate of 3.5% that will elevate its value to US$ 13.021 billion between 2022 and 2032.
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Recent Development
1. In February 2021, Tetra Pak had announced the introduction of certified recycled polymers, becoming the first company in the food and beverage packaging industry to be awarded the Roundtable on Sustainable Biomaterials (RSB) Advanced Products certification.
2. In June 2020, Nippon Paper Industries Co. Ltd had developed a straw-less paper pack for school milk, NP-PAK mini-School POP which released in September 2020
The Major Key Players Are:
1. Evergreen Packaging LLC,
2. BillerudKorsnäs,
3. Clearwater Paper Corporation,
4. ELOPAK,
5. International Paper,
6. Mondi, Visy,
7. Smurfit Kappa,
8. BOBST,
9. Stora Enso,
10. Gapack,
11. Klabin S.A.,
12. Mayr-Melnhof Karton AG,
13. NIPPON PAPER INDUSTRIES CO., LTD.,
14. Prom-Pack LLC,
15. Weyerhaeuser Company,
16. Roxcel Trading GmbH and
17. SIG Combibloc Group Ltd.
18. among others.
Liquid Packaging Board Market Trends
To stay relevant in a dynamic market, it’s essential to keep an eye on emerging trends. Here are some noteworthy trends shaping the Liquid Packaging Board Market:
Focus on Lightweighting
Reducing the weight of liquid packaging boards while maintaining their strength and durability is a key trend. This not only lowers transportation costs but also contributes to reducing carbon emissions.
Digital Printing
The adoption of digital printing technology has allowed for more intricate and customizable designs on liquid packaging boards. This trend enhances brand visibility and product differentiation.
Enhanced Barrier Properties
To meet the requirements of sensitive liquid products, manufacturers are working on improving the barrier properties of liquid packaging boards. This ensures the freshness and quality of the products for an extended period.
Sustainable Sourcing
Sustainability is at the forefront of the industry’s agenda. More companies are sourcing their raw materials responsibly, ensuring that the entire supply chain is environmentally friendly.
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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 is 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.
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