The global North America liquid packaging market size was evaluated at USD 124.27 billion by 2023 and is projected to gain around USD 198.62 billion by 2033 with a CAGR of 4.80% between 2024 and 2033.
Key Points
- The United States held the largest revenue share of 79% in 2023.
- By packaging Type, the rigid segment dominated the market with the largest revenue share of 86.20% in 2023.
- By packaging, the flexible segment is observed to grow a notable rate in the market during the forecast period.
- By raw material, the plastic segment has contributed more than 53% of revenue share in 2023.
- By technique, the aseptic packaging segment has held a major revenue share of 73% in 2023.
- By end-user, the food and beverage segment has recorded the highest revenue share of 39.6% in 2023.
- By end-user, the pharmaceutical segment is expected to grow at a significant rate in the market during the forecast period.
Market Overview
North America’s liquid packaging industry encompasses a diverse range of products and materials used for packaging liquids such as beverages, pharmaceuticals, and household products. This sector is characterized by its innovation in materials, designs, and sustainability efforts, catering to stringent regulatory requirements and consumer preferences for convenience and eco-friendliness.
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Growth Factors
The liquid packaging market in North America is driven by several key factors. First, the increasing demand for convenient and on-the-go consumption options has boosted the sales of single-serve and portable liquid packaging solutions. Secondly, technological advancements in packaging materials, such as lightweight plastics and recyclable materials, have significantly enhanced product shelf-life and sustainability, thus driving market growth. Additionally, the growing adoption of aseptic packaging techniques in the food and beverage industry to maintain product freshness and hygiene has spurred market expansion.
North America Liquid Packaging Market Scope
| Report Coverage | Details |
| North America Market Size in 2023 | USD 124.27 Billion |
| North America Market Size in 2024 | USD 130.36 Billion |
| North America Market Size by 2033 | USD 198.62 Billion |
| Market Growth Rate from 2024 to 2033 | CAGR of 4.80% |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | Packaging Type, Raw Material, Technique, and End-Use |
Market Dynamics
Drivers
Key drivers influencing the North American liquid packaging market include evolving consumer lifestyles favoring convenience, increased consumption of packaged beverages and pharmaceuticals, and stringent regulatory requirements promoting sustainable packaging solutions. Moreover, advancements in manufacturing technologies and logistics infrastructure contribute to the efficiency and scalability of liquid packaging operations across the region.
Opportunities
The market presents several growth opportunities, including the development of eco-friendly packaging solutions using biodegradable materials and the integration of smart packaging technologies for enhanced consumer engagement and product traceability. Moreover, expanding into emerging markets within North America, particularly in the health and wellness sectors, offers avenues for market penetration and diversification.
Challenges
Despite growth prospects, the North American liquid packaging industry faces challenges such as fluctuating raw material prices, stringent regulatory compliance, and increasing competition from alternative packaging formats. Additionally, concerns over environmental impact and plastic waste management necessitate continuous innovation in sustainable packaging solutions to meet consumer and regulatory expectations.
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North America Liquid Packaging Market Companies
- Comar LLC
- Tetra Laval International S.A.
- Liqui-Box Corporation
- Evergreen Packaging Inc
- Nippon Paper Industries
Recent Developments
- In May 2024, North American paper & packaging industry, the 2 private equity deals in Q1 2024, with the total value of $230 million as per the data of GlobalData’s Deals Database.
- In May 2024, ColorMatrix, a subordinate of PolyOne Corporation and a leading producer in liquid color and additives for plastics, launched the latest generation FlexCart™ proprietary liquid dosing system.
Segments Covered in the Report
By Packaging Type
- Flexible
- Pouches
- Films
- Sachets
- Others
- Rigid
- Bottles
- Cartons
- Paperboard
- Cans
- Containers
By Raw Material
- Plastics
- PET
- PP
- PE
- Paper
- Glass
- Metal
By Technique
- Aseptic Packaging
- Modified Atmosphere Packaging
- Intelligent Packaging
- Vaccum Packaging
By End-Use
- Food & Beverage
- Pharmaceuticals
- Chemicals
- Personal Care
- Petrochemicals
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