exports from Europe to China, increased by 48% and exports of dairy products from Europe increased by 11%, in 2014. Growth of imported food & beverage products is driven by limited arable land, increasing disposable income, water scarcity issues, improving logistics systems, increasing urbanization, and growing food safety concerns. This, in turn fuels growth of the liquid packaging market in Asia Pacific. In 2015, India’s food processing industry accounted for 32% of the country’s total food market, and is one of the largest industries in India and is ranked fifth in terms of production, consumption, export and expected growth.
It contributes around 14% of manufacturing Gross Domestic Product (GDP), 13% of India’s exports and 6% of total industrial investment. Indian food service industry is expected to reach US$ 78 billion by 2018. India's organic food market is expected to increase three times by 2020, as compared to 2015. Hence, there is a large demand for liquid packaging materials in Asia Pacific region, making it the largest and fastest-growing market for liquid packaging.
Some of the major companies operating in the global liquid packaging materials market are The Dow Chemical Company, Smurfit Kappa, International Paper, Tetra Pak International S.A., Nippon Paper Industries Co., Ltd, Liqui-Box Corporation, Tri-Wall Limited, Evergreen Packaging, Elopak Group, BillerudKorsnas AB and Mondi Plc.