The liquid pouch packaging market is anticipated to witness substantial expansion through 2027 driven by surging product utilization for packaging of a wide range of products. In addition, rising awareness of the benefits of liquid pouch packaging, such as reduced carbon footprint as well as transportation and storage savings, is likely to further fuel market adoption through the forecast period.
Following the COVID-19 outbreak, an upsurge has been observed in consumer demand for hygienic and secure packaging to ensure that the product remains safe for consumption. This has prompted industry players to develop advanced products to maintain product integrity, which has positively influenced the global business landscape.
For instance, in July 2021, BB Packaging Concepts (BBPC), a major supplier of flexible packaging, presented its Inverta-Pouch, a newly patented beverage packaging concept. Inverta-Pouch incorporates the advantages of lightweight pouch packaging with a unique feature - an inverted neck tucked inside the pouch. The inverted neck ensures that the contents are stored hygienically and can be consumed safely.
The liquid pouch packaging market has been segmented on the basis of packaging, product, material, application, technology, and region. In terms of material, the market has further been divided into polyester, polypropylene, polyethylene, aluminum, polystyrene, and fitments, tubes & spouts.
The polyester material segment is anticipated to register sizable revenue growth by the end of the forecast period. Escalating demand from the food & beverage industry, along with low production cost, is likely to drive segmental demand through 2027.
The liquid pouch packaging market size from the aluminum material segment is expected to be worth around USD 2,209.42 million by 2027, progressing at a stable rate over 2021-2027. The fitments, tubes & spouts material segment to grow at a CAGR of over 5.7% through the forecast timeline.
With respect to product, the market has been divided into pillow pouches, stand-up pouches, spout pouches, four side seal pouches, and others (retort pouches and portion packs). The four side seal pouches product segment is projected to reach a valuation of about USD 2,365.38 million by 2027. The liquid pouch packaging market from the others product segment is estimated to progress at a CAGR of more than 5.8% over the analysis period.
By technology, the market has been segregated into blow molding, aseptic, and form fill. The blow molding technology segment is calculated to expand at a CAGR of approximately 5.9% over the assessment timeframe. The form fill technology segment is slated to exceed a valuation of USD 4359.56 million by 2027, growing at a robust pace over 2021-2027.
From the regional perspective, the Latin America liquid pouch packaging market is expected to garner a revenue of up to USD 788.88 million by 2027, expanding at above 6.2% CAGR over the projected timeline. Meanwhile, the Middle East & Africa liquid pouch packaging market is speculated to see notable growth at a CAGR of over 5.2% through the forecast period.