The growing importance about Health and Hygienic living, due to Covid-19 Pandemic, led to rise the spending of Hygiene Products.
The global Liquid Packaging Market is expected to expand at a CAGR of 4.5% from 2020 to 2027.
Liquid Packaging is the sector that includes all materials and packaging formats that are used in the packing, transportation and storage of liquids and semi-liquids. This includes bottles and containers, flexible packaging formats and also bag-in-box.
Cosmetics, Pharma and Home Care industry, among others, have one of the largest consumers bases globally, and these industries are also the major end users of Liquid Packaging.
Sanitiziers and detergents: the products that lead to higher demand in the Liquid Packaging Market
The change in lifestyles due to the Pandemic, being more concerned on Health and Hygienic living, have affected the consumption patterns, leading to higher demand. People is now more worried about living free of germs, bacteria, dust and dirt. This have led to rise the spending on Household, like Liquid Detergents and Liquid Laundry Cleaning, and OTC products, like Sanitizers, Hand Washes and Disinfectants as Sodium Hypochlorite.
To control the spread of COVID-19 causing virus, the demand of those products has sky rocketed post March 2020. For example, the need of Hand Sanitizers has quadrupled and witnessed 16 times growth than pre-COVID period.
Moreover, there are other facts that are affecting the general rising evolution of Liquid Packaging Market, like increase in disposable income in many parts of the globe, or e-commerce platforms development. In addition, high demand for lightweight packaging products significantly fuels its growth.
Sources:
• http://www.alliedmarketresearch.com/liquid-packaging-market
• http://www.prnewswire.com/news-releases/growing-demand-for-hygiene-products-due-to-covid-19-pandemic-to-boost-growth-of-hygiene-packaging-market-between-2020-and-2028-tmr-301213877.html
