This Global Liquid Packaging Board Market report is also all-embracing of the data which includes market definition, classifications, applications, engagements, market drivers and market restraints that are obtained with the help of SWOT analysis.
Liquid packaging board is a packaging product specifically designed for containing liquids; it is produced from virgin paper fiber which is combined with barrier coatings that protect the transfer of flavours from the contents to the paperboard avoiding spillage. The barrier coating also protects any environmental damage to the package. The paper used exhibit high stiffness characteristics which give the packaging method stiffness.
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Global Liquid Packaging Board Market is expected to grow with a healthy CAGR in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the increasing demand for convenient and recyclable packaging products globally.
Key Market Competitors: Global Liquid Packaging Board Market
- Packaging LLC
- Clearwater Paper Corporation
- International Paper
- Smurfit Kappa
- Stora Enso
- Klabin S.A.
- Mayr-Melnhof Karton AG
- NIPPON PAPER INDUSTRIES CO., LTD.
- Prom-Pack LLC
- Weyerhaeuser Company
- Roxcel Trading GmbH and SIG Combibloc Group Ltd.
Market Drivers: Global Liquid Packaging Board Market
- Significant changes in lifestyle resulting in increased consumption for packaged and convenience foods is expected to drive the market growth
- Lower cost due to the recyclable nature of the raw materials used in this packaging resulting in low overall cost along with the light-weight nature of the product are factors driving the growth of the market
Market Restraints: Global Liquid Packaging Board Market
- Availability of substitutes in the form of plastic bottles and spout pouches are factors restraining the growth of the market
- Increasing demand for plastic-based packaging methods is expected to act as a restraint to the market growth
Segmentation: Global Liquid Packaging Board Market
(PET, PE, PP, LLDPE, BOPP), Coating (Plastic Barrier Coated, Aluminum Barrier Coated, Others),
(Dairy, Juices, Dilutable Drinks, Others),
(Non-Food, Industrial, Food & Beverage),
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Key Developments in the Market: Global Liquid Packaging Board Market
- In December 2016, BillerudKorsnäs announced that they are expanding their production capacity by investing into a manufacturing machine known as “KM7” (Karton Machine) which has an annual capacity of 550,000 tonnes of board. The machine situated at Gruvön, Sweden manufacturing plant will provide the organisation with the capabilities of producing liquid board, cartonboard and liner. The equipment will start operating from first quarter of 2019
- In June 2016, Weyerhaeuser Company announced that they had agreed to sell their liquid packaging board business division to NIPPON PAPER INDUSTRIES CO., LTD. for USD 285 million. The transaction includes one mill with an annual capacity of 280,000 tons which will help NIPPON in expanding their product offerings as well as their production capacity
Competitive Analysis: Global Liquid Packaging Board Market
Global liquid packaging board market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of liquid packaging board market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Insights in the report: Global Liquid Packaging Board Market
- Complete market analysis and forecasting
- Market definition, understanding the concept of liquid packaging board
- Market drivers and restraints of the industry
- Market segmentations and market share divided amongst them
- Key players in the market and their analysis
Global Liquid Packaging Board Market report Synopsis
- Strategic recommendations in key business sections in light of the market estimations.
- The key findings and recommendations highlight crucial progressive industry trends in the Global Liquid Packaging Board Market, thereby allowing players to develop effective long term strategies
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Global Liquid Packaging Board Market.
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, and detail the competitive landscape for market leaders
- Product Development/Innovation: Detailed insights on the product approvals, R&D activities, and product launches in the Global Liquid Packaging Board Market
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