GENERAL

Liquid Packaging Board Market is expected to reach US$ 13,021.0 Million in 2032

Demand for liquid packaging boards is expected to be worth US$ 9,230.8 million in 2022 and US$ 13,021.0 million from 2022 to 2032, growing at a CAGR of 3.5%. Growth is attributable to the acceleration of nano-food packaging technologies. There has been a steady increase in demand for dairy, juices, and dilutable drinks, according to recent trends in the global food and beverage business.

This is one of the main drivers of the need for liquid packaging globally. Liquid packaging paperboard (LPB), also known as liquid paperboard, is frequently used as a raw material for liquid packaging.

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Market Competition

Some of the key participants present in the global Liquid Packaging Board market include

  • Evergreen Packaging LLC,
  • BillerudKorsnäs,
  • Clearwater Paper Corporation,
  • ELOPAK, International Paper,
  • Mondi,
  • Visy,
  • Smurfit Kappa,
  • BOBST,
  • Stora Enso,
  • Gapack,
  • Klabin S.A.,
  • Mayr-Melnhof Karton AG,
  • NIPPON PAPER INDUSTRIES CO., LTD.,
  • Prom-Pack LLC,
  • Weyerhaeuser Company,
  • Roxcel Trading GmbH and
  • SIG Combibloc Group Ltd. among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as Evergreen Packaging LLC, BillerudKorsnäs, Clearwater Paper Corporation, ELOPAK, and International Paper account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.

Recent Development

  • 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.
  • In June 2020, Nippon Paper Industries Co. Ltdhad developed a straw-less paper pack for school milk, NP-PAK mini–School POP which released in September 2020
  • In 2019, Smurfit Kappa Company launched new corrugated board range named as TopClip for beverages in the market. The new TopClip features two die-cut holes so it can be handled easily in store. The product is specially designed to replace single use plastic for bundling canned and bottled beverages. It is plastic-free and 100% recyclable, renewable, and biodegradable.

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Liquid Packaging Board: Market Dynamics 

Global population is rapidly growing in Asia Pacific (APAC) and Africa regions. The targeted consumer population is gaining its share. In APAC the population growth is largely driven by Asia’s economic powerhouses India and China. In Africa the population below age of 25years is approx. 25%, this is estimated to reach 45% by 2050. 

Diary segments leads the highest demand compared to juices and dilutable drinks. Diary is the fastest growing segment and essential source of nutrients for all age people. These above mentioned facts or trends changing the dynamics of liquid packaging boards market. 

Changing lifestyle in APEJ & Africa regions poses the need for reliable, easy to carry, preserved shelf life and fresh packaged drinks. This is another factor driving demand for liquid packaging boards. In emerging markets, rising purchasing power is influencing the liquid packaging boards demand growth. 

Liquid packaging boards manufacturing cost is less compared to metal, plastic and glass cans for packaging. These are flexible and recyclable. The recyclability of these boards helps to bring down the raw material cost and thereby overall manufacturing cost. 

There are liquid packaging boards which are approved by FDA for food contact. These boards after converting into cartons provide attractive features like leak-proof, protection from light and contaminations and easily disposable. Liquid packaging boards are best suitable for modified atmospheric packaging (MAP), which is very much necessary in global packaged drinks segment. Flexible spout pouches and plastic bottles are a threat for the growth of liquid packaging boards market.

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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