Liquid Packaging Market Outlook –
Asia-Pacific is the largest and fastest-growing region in the global liquid packaging market. According to EUSME Center— a European Union initiative that provides a comprehensive range of hands-on support services to European small and medium-sized enterprises (SMEs), getting them ready to do business in China—China continues to be the world’s largest consumer market for food and beverage (F&B) products, surpassing the U.S. in 2011. In 2015, food & beverages exports from Europe to China increased by 48%. In 2014, exports of dairy products from Europe grew by 11%. Growth of imported food & beverages products is driven by limited arable land, rising disposable income, water scarcity issues, improving logistics systems, increasing urbanization, and growing concerns for food safety. This in turn fuels growth of the liquid packaging market in Asia Pacific. In 2015, the Indian food processing industry accounts for 32% of the country’s total food market, and is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth. It contributes around 14% of manufacturing Gross Domestic Product (GDP), 13% of India’s exports and 6% of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018. India’s organic food market is expected to increase three times by 2020, as compared to 2015. Hence, there is a large demand for liquid packaging materials in Asia Pacific region, making it the largest and fastest-growing market for liquid packaging.
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Various techniques such as aseptic liquid packaging, blow molding, and form fill seal technology are used to process liquid packaging materials.
Aseptic liquid packaging technique is the most widely used packaging technique. These types of packing are usually made of paperboards containing thin layers of aluminum and plastics. This packaging helps preserve food for long time without the need to add preservatives. Rigid liquid packaging type is extensively used in liquid packaging. It includes paperboard, cartons, cans, and PET bottles. Plastics & PET bottles are widely used in packaging of food & liquid products such as carbonated drinks, water, beverages, dairy products, and alcohol. Food & beverages is the largest end-use industry in liquid packaging market. This is due to the rising population in Asia-Pacific region, and rising disposable incomes in emerging economies such as Brazil, Mexico, China, and India. Rising consumption of packaged food in North America and Europe region is also the key factor driving the global liquid packaging market.
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Some of the major companies operating in the global liquid packaging materials market are The Dow Chemical Company, Smurfit Kappa, International Paper, Tetra Pak International S.A., Nippon Paper Industries Co., Ltd, Liqui-Box Corporation, Tri-Wall Limited, Evergreen Packaging, Elopak Group, BillerudKorsnas AB and Mondi Plc.