The market size for liquid packaging is projected to reach $370.75 billion by 2021, registering a CAGR of 5.4% between 2016 and 2021, driven by high demand from the food and beverages industry while flexible liquid packaging is the fastest-growing liquid packaging type, globally.

According to a new report available through ReportsnReports.com, India, titled Liquid Packaging Market by Packaging Type (Flexible, Rigid), Resin (Polyethylene, Polypropylene), End-use Industries (Food & Beverage, Industrial), Technique (Aseptic Liquid Packaging, Blow Molding, Form Fill Seal Technology) - Global Forecast to 2021, increasing demand from the food and beverages industry is the major driver for the liquid packaging market. The global liquid packaging industry is expected to rise with increasing demand from the food and beverage industry in economies such as India, China, Africa, Middle East, Germany, Brazil, and others. Increasing carbon footprint due to use of various resins in the manufacturing of liquid packaging is the major restraint affecting the growth of the market.

Flexible liquid packaging is the fastest-growing liquid packaging type. This packaging type provides various advantages such as longer shelf life, less cost, consumer friendly, capable of retaining freshness of products, less energy consumption, green packaging, and others. Films are the largest flexible liquid packaging type used in the packaging of liquid products. Liquid packaging is widely used as it prevents the loss of moisture or protects the goods from moisture, improves tear, scuff, and puncture resistance, and provides a heat sealable surface.

Asia-Pacific is the largest market for liquid packaging globally, with China being the most dominant market. This region is also anticipated to witness highest growth rate, which is attributed to the rapid economic expansion in the region.Rapid development in the liquid packaging industry is also vigorously driven by the demand from food and beverages, medical and pharmaceutical, and other end-use industries in the region.

The report also includes company profiles and competitive strategies adopted by the major market players such as The Dow Chemical Co. (U.S.), International Paper (U.S.), Tetra Pak International S.A. (Switzerland), Smurfit Kappa (Ireland), Mondi Plc. (Austria), Sidel (Switzerland), BillerudKorsnäs (Sweden), Elopak (Norway), Evergreen Packaging (U.S.), and Weyerhaeuser (U.S.).