Home > Polymers, Specialty Chemicals & Advanced Materials > Liquid Pouch Packaging Market
The liquid pouch packaging market size was over USD 8 billion in 2020 and is estimated to grow at over 6.5% CAGR between 2021 and 2027. Changing consumer lifestyle, rapid urbanization and increasing consumer spending are factors driving the demand for convenient packaging solutions. Steady growth in the demand for packaged ready-to-cook and ready-to-eat food is expected to be one of the key factors driving the market share in the coming years.
Liquid pouch packaging is widely used in diverse end-use industries such as homecare, food & beverages, personal care and pharmaceuticals. Growth in the organized retail sector coupled with increasing prevalence of supermarkets and hypermarkets is projected to augment the demand.
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A robust technology and innovation landscape facilitating features like puncture resistance and superior flexibility will drive the demand for packaging solutions. Development of high-speed filling equipment along with improved barrier properties of packaging materials is expected to create lucrative growth opportunities.
Report Coverage | Details |
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Base Year: | 2020 |
Market Size in 2020: | USD 8,055 Million |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 6.5% |
2027 Value Projection: | USD 13,665 Million |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 800 |
Tables, Charts & Figures: | 967 |
Segments covered: | Packaging, Material, Product, Application and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The outbreak of the COVID-19 pandemic has had a drastic impact on the food & beverage and consumer goods industry. There is a growing demand for packaged products owing to the hygiene and safety offered by packaging solutions against viral contamination risks.
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Based on packaging type, the global market has been segmented into flexible & rigid packaging. The flexible packaging market is estimated to be worth USD 12.5 billion by 2027, growing at a CAGR of 6.5% during the assessment period. Factors such as reduction in size, ease of carrying and storage, variety, and light weight is expected to propel the industry growth.
Increasing populace and rising purchasing power of consumers has led to an increase in demand for ready-to-eat and processed food. The growing consumption of flexible liquid packaging in personal care applications such as shampoo, soap, face wash, and hand washes will also propel the liquid pouch packaging market share. The industry is expected to witness a rising need for sustainable and compact packaging solutions in light of the growing awareness levels among consumers.
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-Polyethylene-based liquid pouch packaging is likely to surpass USD 3.5 billion by 2027, growing at a CAGR of over 5% between 2021 and 2027. Increasing demand from household and industrial chemical segments is likely to fuel the market growth as this resin type has an excellent chemical resistance. Low-density polyethylene (LDPE) is widely used in film applications including four side seal pouches owing to its heat sealing, flexibility, and toughness properties.
The global liquid pouch packaging market has been bifurcated into pillow pouches, stand-up pouches, four side seal pouches, spout pouches and others. Stand-up pouches are expected to witness a CAGR of around 5% during the assessment period Owing to Changing demographic trends and increased consumer spending.
Stand-up pouches have witnessed increased usage in the liquid pouch packaging market since they are user-friendly, easy to carry, and offer convenient storage & transportation features. Benefits including high resistance to gas, vapor, and water; and value additions including handles, spouts, hanging punch, and zippers will support market expansion.
North America is expected to reach a value of around USD 3.5 billion by 2027, growing at a CAGR of close to 6% during the assessment period. rising awareness regarding healthy and ready-to-eat food and increasing application scope in the pharmaceutical and home care sector are the driving factors of liquid pouch packaging market growth. Moreover, rising demand for new design pouches and innovative packaging categories will propel the product penetration.
The liquid pouch packaging industry is fragmented in nature due to the presence of a number of international and unorganized players in the market. Some of the key players operating in the global market include DOW, Smurfit Kappa, Tetra Pak International, Billerudkorsnas AB, IMPAK Corporation, and Bemis.
The global liquid pouch packaging market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilotons & revenue in USD Million from 2016 to 2027 for the following segments