Liquid Packaging Market Share

APAC Market Statistics

The liquid packaging market in Asia Pacific accounted for a share of 44.2% in 2023. This can be attributed mainly to favorable government policies, rapidly growing food and beverage and pharmaceutical industries, and the relocation of production facilities to the area because of lower labor and operational expenses.

The market’s growth is aided by the adoption of creative packaging solutions in China and the expansion of e-commerce. The preference for affordable and lightweight packing options contributes to the expansion of the market in this area.

The liquid packaging market in South Korea is expanding due to the rising demand for drinks, dairy products, and other liquids. This has resulted in increasing demand for liquid packaging in the dairy sector. In 2023, milk was the most consumed dairy product in South Korea accounting for 1.33 million metric tons volumes.

In Japan, smart packaging technology is revolutionizing the liquid packaging sector. These technologies integrate components such as temperature sensors, RFID tags, and QR codes to provide customers with real-time product information. Product safety is increased, inventory control is improved, and monitoring and tracing is made easier with intelligent packaging.

North America Market Analysis

North America liquid packaging market is expected to witness significant growth during the forecast period. Innovation in liquid packaging solutions is encouraged by the nation's cutting-edge packaging infrastructure and technological prowess. Strict legal requirements about environmental sustainability and packaging safety encourage the use of cutting-edge packaging technology even more. According to a survey in April 2024, over 53% of people said they could spend an extra 10% on sustainably packaged food.

The U.S. is one of the largest contributors to the expansion of the liquid packaging market in North America due to the significant demand for liquid packaging and the increasing adoption of paper products over other hazardous materials in the area. Other factors such as technological advancements in packaging technology, expansion of the food and beverages industry and pharmaceutical sector, and rising inclination towards online shopping are expected to drive sales of liquid packaging in the U.S.