Liquid Packaging Cartons Market Outlook 2031:
The global liquid packaging cartons market size was valued at USD 11.39 Billion in 2022 and is projected to reach USD 17.52 Billion by 2031, expanding at a CAGR of 4.9% during the forecast period 2023 - 2031. The growth of the market is attributed to increasing demand for packaged food and beverages, convenience in holding and transportation, packaging innovation, and recyclable nature of cartons.
Cartons are paperboard containers that are filled and sealed in a food packaging factory by converters. Cartons are available in a broad range of sizes, shapes, and styles. Purity is the most important aspect in liquid packaging board (LPB), which rules out non-wood pulps and secondary fibers. LFB is also often made up of bleached or unbleached chemical pulp.
According to the food and agriculture organization (FAO), the chemical pulp manufacturing capacity in the United States was 45,800 thousand metric tons in 2019, and is anticipated to reach 45,342 thousand metric tons during forecast period. It makes product handling simple, offers a printable surface, and is beautifully designed to increase the product's visual sales appeal.
Liquid packaging cartons are carriers that allow liquid items to be transported and stored safely, as well as providing customizable packaging based on the marketing needs of producers. Manufacturers like these cartons because of their ease, mobility, recyclability, and environmental friendliness. They're made to transport liquids including milk and dairy items, bottled water, liquid food products, soft drinks, and juices. Liquid product packaging meets safety, performance, and reliability requirements.
Liquid Packaging Cartons Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for packaged food and beverage is projected to fuel the liquid packaging cartons market growth during forecast period.
- Convenience in holding and transportation is key factors propelling the market in the coming years.
- High cost of the product is estimated to hamper the liquid packaging cartons market growth.
- Availability of alternatives of liquid packaging carton act as major challenge that can restrict the market in the coming years.
- R&D investment and technological advancement is anticipated to create lucrative opportunities for the market players.
Scope of Liquid Packaging Cartons Market Report
The report on the liquid packaging cartons market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Liquid Packaging Cartons Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016 – 2021
|
|
Forecast Period
|
2023 – 2031
|
|
Segmentation
|
Liquid Type (Milk, Juices, Energy Drinks, and Others)
|
|
Geographical Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
Refresco Group N.V.; Elopak AS; Mondi plc; Greatview Asepetic Packaging Co., Ltd; Evergreen Packaging LLC
|
Liquid Packaging Cartons Market Segment Insights
The milk segment is projected to represent a major market share
In terms of liquid type, the liquid packaging cartons market share is segregated into milk, juices, energy drinks, and others. The milk segment is expected to represent a key share of the market during forecast period. According to the United Nations' FAO (Food and Agriculture Organization) and the US department of agriculture, global milk production in 2020 will be around 532.25 million metric tons.
The European Union, which produced about 157.5 million metric tons of cow milk in 2020, was the leading producer, followed by the United States and India. Paperboard is one of the most commonly used materials for making milk cartons. Milk cartons, also known as gable-top cartons, are another popular poly-coated paper packaging option.
Milk cartons are made up of 80% paper and 20% polyethylene by weight. In 1950s, paper milk cartons replaced refillable glass bottles as a convenient and lightweight alternative for consumers. Consumer interest in sustainability is growing, with research showing that people of all ages believe businesses should be held accountable for their environmental impact. In addition, cartons are being used because they are a good option for packaging milk for retail distribution. Aseptic cartons and pouches for milk packaging have become more common in recent years.
Asia Pacific is expected to dominate the market
On the basis of geography, the liquid packaging cartons market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia-Pacific is anticipated to dominate the market during the forecast period.
Concerns about sustainability, technical innovation, and appealing economics are just a few of the reasons for China's extraordinary rising liquid packaging during the previous two decades. Traditional rigid packaging solutions are being replaced by new and more sustainable paperboard carton packaging in the country as vendors place better emphasis on sustainability.
Segments
The liquid packaging cartons market has been segmented on the basis of
Liquid Type
- Milk
- Juices
- Energy Drinks
- Others
Geography
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Key players competing in the Liquid Packaging Cartons market include Refresco Group N.V., Elopak AS, Mondi plc, Greatview Asepetic Packaging Co., Ltd, and Evergreen Packaging LLC.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Request For Customization
Enquiry Before Buying
Speak With Analyst
