Future Market Insights
Liquid packaging bag is a flexible form of packaging catering to the needs of efficient packaging in various industries such as beverage, lubricant, homecare, etc. liquid packaging bag is commonly used for packaging of liquid or viscous forms of fluids. Liquid packaging bags are not only useful in efficient packaging, storing, transporting, of liquids but are also convenient for marketing and utilizing the liquid while retaining the integrity of the product. Liquid packaging bag are either reusable or non-reusable allowing customer to use the product frequently and efficiently by letting the customer to remove desired amount of product from the packaging. Liquid packaging bag can be customized, according to the need of the liquid it is enclosing, by altering the barrier properties using the combination of different materials for packaging. Innovative designs and styles of liquid packaging bag can improve the marketability and shelf life of the product by improving the aesthetic value and maintaining the integrity of the product.
Liquid Packaging Bag Market: Market Dynamics
Innovations in flexible packaging market to attract customers have led to the invention of liquid packaging bag. Flexible packaging market is estimated to be US$ 238 billion and is estimated to grow at a CAGR of 5.2% over the forecast period. Increasing consumer preference for procuring of the product in smaller quantity is motivating packaging manufacturers to use liquid bag form of packaging. The low input cost associated with the liquid packaging bag can be a reason for the manufacturers of various industries to adapt for liquid packaging bag while propelling the demand in liquid packaging bag market. On the backdrop of convenience being offered to the end users for utilizing the liquid products the liquid packaging bag market is expected to move vertically upwards. However, the inability of the liquid bag packaging to protect the product from physical shocks can limit the growth in liquid packaging bag market. The risk of packaging getting compromised in case of chemically reactive liquid can hamper the liquid packaging bag market. Moreover, the presence of the substitutes such as cartons which are cheap and efficient as liquid packaging bags can be a threat for liquid packaging bag market. The cost reduction in packaging and shipping process due to smaller carbon foot print and less void spaces between the units can create future opportunities for liquid packaging bag market.
Liquid Packaging Bag Market: Market segmentation
Liquid packaging bag market is segmented by the types of materials used and end use industry.
Based on the types of materials used, liquid packaging bag market is segmented into:
Based on the end use industry liquid packaging bag market is segmented into:
Liquid Packaging Bag Market: Regional Outlook
Regionally global liquid packaging bag market is segmented into
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
APEJ region is expected to lead the liquid packaging bag market over the forecast period as the region accounts for the largest share in liquid packaging bag market. North America is expected to follow the APEJ region in liquid packaging bag market owing to its huge contribution of about 25% to the flexible packaging market. Western and Eastern Europe and Japan is also expected to contribute significantly in terms of revenue owing to their high per capita expenditure on packaging. While MEA and Latin America region is expected to contribute least in liquid packaging bag market.
Liquid Packaging Bag Market- Key Players:
Some major players of the liquid packaging bag market are Packman Industries, DS Smith Packaging Limited, Global-Pak, Inc, Amcor Limited, CDF Corporation, Uflex Ltd., Aran Group, Hood Packaging Corporation, Danqing Plastic Packaging & Printing Co., Ltd., Shenzhen Winld Packaging Material Ltd., Dongguan Yason Pack Co., Ltd, Ruijin Xinchen Technology Co., Ltd., Wenzhou Kiwim Plastic Packaging Co., Ltd., and Jiangyin Huawen Flexible Packaging Co., Ltd.
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