Global liquid packaging in 2020 is expected to reach $ 1.38 billion

International Institute for Market Research Smithers Peale recently published "Global liquid packaging board market research report" shows that in 2014 the total global consumption of liquid packaging board market is not more than 3 million tons, the market scale reached 1.14 billion US dollars. Is expected to 2020, the market consumption will reach 3.6 million tons, according to the 2014 in terms of price, the market size of about $ 1.38 billion.

Global liquid packaging market is at a turning point, and soon will be shown in their short, the growth potential in the medium term. Data show that in 2010 demand for liquid packaging board declined slightly in 2011 --2014, the liquid packaging market size of the average annual growth rate of over 2 percent in 2015 Year - 2020, will be an annual growth rate of 3.5%.

"Report" shows that the expansion of the liquid packaging board market size is the main driving force for the development of the packaging industry, affecting the demand trends in the global packaging market. 2014, liquid packaging board consumption in developed regions accounted for the largest share of the global market's total liquid packaging consumption. The new growth in demand from the emerging economies of Asia, the Middle East, Eastern Europe and Central and South America and so on. Nearly 75% of the liquid packaging board demand from the global dairy industry, 20% from the juice and diluted product, accounted for the remaining demand from continued growth in the liquid food and home care products. The survey found that the progress of the non-oil-based coating technology for the development of liquid packaging board market, there is a significant role in promoting.

"Report" also shows a stable high-capacity dairy packaging needs of the global market for liquid packaging board to maintain a growth trend. By 2020, total demand for liquid packaging board will increase by about 560,000 tons, of which 94% of dairy products and fruit juice packaging demand will account for the total market, the market size will increase by $ 220 million.

Source: Internet