Liquid Packaging Market Size

Liquid Packaging Market size was over USD 477.7 billion in 2023 and is projected to cross USD 867.7 billion by the end of 2036, growing at more than 5.1% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of liquid packaging is evaluated at USD 501.6 billion.

The liquid packaging market has witnessed substantial changes due to growing awareness about sustainability among producers, customers, and regulatory agencies. There has been a high demand for eco-friendly packaging solutions due to rising awareness of environmental problems such as resource depletion and plastic pollution. To lessen the environmental impact of their products, manufacturers are investing to promote the use of recyclable, biodegradable, and reusable packaging materials. For example, bio-based plastics provide a sustainable substitute for traditional petroleum-based plastics. They are made from renewable resources like sugarcane and maize starch.

Furthermore, lighter packaging materials are adopted by customers concerned about the environment and lowering transportation expenses and carbon emissions. The adoption of sustainable packaging practices is further accelerated by regulatory frameworks and efforts aimed at encouraging sustainability, such as the Circular Economy Action Plan of the European Union and numerous plastic ban measures globally. For instance, in March 2023, Sainsbury’s announced the launch of its new liquid detergent online and in all stores, designed to assist customers in reducing plastic at home.