By 2032, the market for liquid packaging bags is projected to grow significantly, from US$ 1,054.4 million in 2022 to US$ 1,733.9 million. The market, which was valued at 4.3% from 2016 to 21, is anticipated to exhibit a CAGR of 5.1% during the forecast period. The rising demand for packaged, ready-to-eat food is to blame for the market’s expansion.
A detailed study on Liquid Packaging Bag Market by FMI provides riveting insights into key dynamics, such as drivers and opportunities, facilitating the growth in the market. It uncovers challenges posing threats and highlights prospects for growth in the near future
The demand for liquid packaging bags is expected to increase across a range of end-use industries, including personal care, pharmaceuticals, home care, food and beverage, and others, throughout the course of the forecast period. Given that small vendors may easily produce the product, low-cost input is anticipated to considerably benefit market expansion.
As per the comprehensive analysis conducted by ESOMAR-certified consulting firm, FMI, the global Liquid Packaging Bag Market is expected to grow at a healthy CAGR during the forecast period (2022-2032). The objective of the study is to analyze key market dynamics and uncover critical trends & opportunities that will elevate the sales Liquid Packaging Bag Market in the coming 10 years.
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Advent of Sustainable and Intelligent Packaging Solution Skyrocketing the Demand for LIQUID PACKAGING BAG
With rising environmental concerns and implementation of stringent regulations regarding the use of plastic across the U.S., China, India, the U.K., Germany, and others, a substantial rise in the adoption of sustainable packaging solutions is experienced across various end use industries.
In accordance to this, numerous packaging companies are shifting their focusing of manufacturing sustainable packaging using 100% recycled plastics, biodegradable plastics, and plastic alternatives such as paper. Hence, introduction of novel sustainable packaging solutions is expected to create lucrative demand opportunities in the market.
Also, emergence of intelligent packaging with the integration of artificial intelligence (AI), internet of things (IoT), and data science have improved the demand for Liquid Packaging Bag Market. Hence, key players are incorporating novel technologies such as AI and IoT to increase their revenues, propelling the sales.
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Key Liquid Packaging Bag Market Takeaways and Projections
- The U.S. is expected to lead the North America Liquid Packaging Bag Market, projecting the fastest growth in the region between 2022 and 2032
- Germany and the U.K. are expected to, collectively, hold the largest share in the Europe market over the assessment period.
- China will dominate the East Asia market, accounting for the largest demand share during the forecast period.
- India is expected to emerge as a highly remunerative market in South Asia, contributing the significant revenue share in the region through 2032.
Report Benefits & Key Questions Answered
- Liquid Packaging Bag Historical Market Analysis: The detailed survey by FMI, examines key factors in the Liquid Packaging Bag market that affected the growth in the market for the last assessment period 2017-2021 and also studies their consequent impact. It also provide refined the sales projection of the Liquid Packaging Bag market for the forecast period 2022-2032.
- Liquid Packaging Bag Category & Segment Level Analysis: It studies the vital dynamics across each segment and also highlights their growth prospects in the coming ten years.
- Liquid Packaging Bag Demand Outlook Analysis: Future Market Insight’s (FMI’s) exhaustive study provides crucial insights into key drivers and upcoming opportunities driving the demand for LIQUID PACKAGING BAG for the assessment period. As per the study, the demand for LIQUID PACKAGING BAG will grow at a robust CAGR between 2022 and 2032.
- Liquid Packaging Bag Company & Brand Share Analysis: A recent study by FMI highlights a comprehensive list of leading market players and stakeholders in the global Liquid Packaging Bag It examines the business execution, cost structure analysis, and supply chain analysis, of Tier 1, Tier 2, and Tier 3 players for the forthcoming decade.
- Liquid Packaging Bag Market Trend Analysis: The latest study by FMI on the Liquid Packaging Bag Market offers compelling insights into key expansion strategies adopted by top-tier players with respect to current trends. It discloses details regarding upcoming trends in the packaging industry to assist market players in constructing an effective strategy to capitalize on them.
Key Segments Profiled in the Global Liquid Packaging Bag Market
Global Liquid Packaging Bag Market by Type:
- Plastic Liquid Packaging Bag
- PET Liquid Packaging Bag
- HDPE Liquid Packaging Bag
- PP Liquid Packaging Bag
- PVC Liquid Packaging Bag
- Metalized Films Liquid Packaging Bag
Global Liquid Packaging Bag Market by End-Use:
- Beverage Liquid Packaging Bag
- Industrial Liquid Packaging Bag
- Lubricant Liquid Packaging Bag
- Consumers Liquid Packaging Bag
- Homecare Liquid Packaging Bag
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Competitive Landscape Analysis
The market survey conducted by FMI offers key trends and challenges in the packaging industry and its consequent impact of Liquid Packaging Bag Market. The survey provides a thorough market share analysis to offer an in-depth analysis of prevailing competition.
It also provides a list of leading players and recent development in the global Liquid Packaging Bag Market. Some of the prominent market players 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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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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