According to the research report titled ‘Global Liquid Packaging Market (2022 Edition): Analysis By Packaging Format, Technology, Material, End-Use Industry, By Region, By Country: Market Insights and Forecast with Impact of COVID-19 (2017-2027)’, available with MarketStudyReport, global liquid packaging market was worth USD 313 billion in the year 2021 and is slated to record modest growth during 2022-2027.

As per report findings, global liquid packaging market is expanding due to numerous factors such as rising disposable income, changing lifestyle patterns that have influenced consumption habits resulting in increased demand for packaged beverages and other fast-moving consumer goods (FMCG), and the proliferation of the e-commerce sector which has made items widely accessible for consumers to purchase.

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Furthermore, the development of several end-use sectors, including cosmetics, personal care, and household care among others is expected to boost industry development during the review period.

Besides that, the ease of availability of over-the-counter medications has aided in increasing product uptake during the forecast timeline.

During the COVID-19 pandemic, the drop in production due to lockdowns that caused supply chain constraints in the food & beverage arena, as well as tourism restrictions had an adverse impact on worldwide liquid packaging market.

However, with the accelerated sales of sanitizers, liquid cleaning products, and handwashes to combat the spread of the coronavirus since March 2020, the demand for sanitizer bottles, containers, and pouches has elevated, generating revenues for the market.

Additionally, the excessive use of top and side-handle containers for the storage of chemicals such as Sodium Hypochlorite - which is a common disinfectant - influenced the business world positively.

For better comprehension of the current situation, the report classifies the marketplace in terms of packaging format, technology type, material type, and end-use ambit. Estimations concerning the CAGR of each vertical in entailed in the document. This helps in ascertaining the growth potential of the industry for the research timeframe.

On the geographical front, Asia Pacific is poised to emerge as a lucrative avenue for market stakeholders during the assessment period.

The notable companies in global liquid packaging industry are Elopak, Tetra Pak Pvt. Ltd., Amcor plc, International Paper Company, Smurfit Kappa Group plc, West Rock Company, The Dow Chemical Company, Mondi plc, Oji Holdings Corporation, and BillerudKorsnas AB among others.