The Global Liquid Packaging Board Market Growth at a rate of 4.5% in the forecast period 2022 to 2029
Market Analysis and Insights - Global Liquid Packaging Board Market
The liquid packaging board market will grow at a rate of 4.5% for the forecast period of 2021 to 2028. Increase in demand for fast-moving consumer goods (FMCG) is an essential factor driving the liquid packaging board market.
Liquid packaging board is defined as a packaging product specifically designed for containing liquids and is produced from virgin paper fiber which is combined with barrier coatings that protect the transfer of flavours from the contents to the paperboard avoiding spillage. The barrier coating also protects any environmental damage to the package. The paper used exhibit high stiffness characteristics which give the packaging method stiffness.
Increase in e-commerce activities and food delivery services is the major factor escalating the market growth, also increase in demand for lightweight as well as sustainable packaging, rising availability of substitutes in the form of plastic bottles and spout pouches, rising demand for plastic-based packaging methods and growing trend of environmentally friendly packaging material over conventional plastic packaging are the major factors among others propelling the growth of liquid packaging board market. Moreover, rising development of nano-food packaging and shifting focus toward renewable and innovative packaging solutions will further create new opportunities for the liquid packaging board market in the in the forecast period of 2021- 2028.
However, increase in concerns regarding recyclability and disposability of plastic packaging products and increasing government regulations regarding plastic packaging products are the major factors among others restraining the market growth, and will further challenge the growth of liquid packaging board market.
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The Global Liquid Packaging Board Market Size
The liquid packaging board market is segmented on the basis of material, coating, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
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On the basis of material, the liquid packaging board market is segmented into PET, PE, PP, LLDPE and BOPP.
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Based on coating, the liquid packaging board market is segmented into plastic barrier coated, aluminum barrier coated and others.
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Based on application, the liquid packaging board market is segmented into dairy, juices, dilutable drinks and others.
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The liquid packaging board market is also segmented on the basis of end-use industry into non-food, industrial and food & beverage.
Global Liquid Packaging Board Market Country Level Analysis
The liquid packaging board market is analysed and market size, volume information is provided by material, coating, application and end-use industry as referenced above.
The countries covered in the liquid packaging board market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates liquid packaging board market due to rising growth in population, rise in disposable income, and stable economic growth, rising development of nano-food packaging, increase in demand for lightweight as well as sustainable packaging and rising availability of substitutes in the form of plastic bottles and spout pouches in this region.
Global Liquid Packaging Board Market Share Analysis
The liquid packaging board market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the liquid packaging board market.
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Key Players Global Liquid Packaging Board Market
The major players covered in the liquid packaging board market report are 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 other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Global Liquid Packaging Board Market Report Answers the Following Questions:
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How much revenue will the Global Liquid Packaging Board Market generate by the end of the forecast period?
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Which market segment is expected to have the maximum market share?
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What are the influencing factors and their impact on the Global Liquid Packaging Board Market ?
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Which regions are currently contributing the maximum share of the overall Global Liquid Packaging Board Market ?
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What indicators are likely to stimulate the Global Liquid Packaging Board Market ?
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What are the main strategies of the major players in the Global Liquid Packaging Board Market to expand their geographic presence?
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