Liquid Packaging Cartons Market Size, Share, Growth | Forecast 2031

Liquid Packaging Cartons Market Size, Share, Growth | Forecast 2031

Segments - Liquid Packaging Cartons Market by Liquid Type (Milk, Juices, Energy Drinks, and Others) and Geography (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 - 2031

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Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-2223 | 4.4 Rating | 65 Reviews | 188 Pages | Format : PDF Excel PPT

Report Description


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 - 2031The 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.

Liquid Packaging Cartons Market Outlook

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.

  • 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.

Liquid Packaging Cartons Market Liquid Type

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.

Liquid Packaging Cartons Market Regions

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.

Liquid Packaging Cartons Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Liquid Packaging Cartons Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Liquid Packaging Cartons Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Liquid Packaging Cartons Market - Supply Chain
  4.5. Global Liquid Packaging Cartons Market Forecast
     4.5.1. Liquid Packaging Cartons Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Liquid Packaging Cartons Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Liquid Packaging Cartons Market Absolute $ Opportunity
5. Global Liquid Packaging Cartons Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Liquid Packaging Cartons Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Liquid Packaging Cartons Demand Share Forecast, 2019-2026
6. North America Liquid Packaging Cartons Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Liquid Packaging Cartons Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Liquid Packaging Cartons Demand Share Forecast, 2019-2026
7. Latin America Liquid Packaging Cartons Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Liquid Packaging Cartons Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Liquid Packaging Cartons Demand Share Forecast, 2019-2026
8. Europe Liquid Packaging Cartons Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Liquid Packaging Cartons Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Liquid Packaging Cartons Demand Share Forecast, 2019-2026
9. Asia Pacific Liquid Packaging Cartons Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Liquid Packaging Cartons Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Liquid Packaging Cartons Demand Share Forecast, 2019-2026
10. Middle East & Africa Liquid Packaging Cartons Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Liquid Packaging Cartons Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Liquid Packaging Cartons Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Liquid Packaging Cartons Market: Market Share Analysis
  11.2. Liquid Packaging Cartons Distributors and Customers
  11.3. Liquid Packaging Cartons Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Refresco Group N.V. Elopak AS Mondi plc Greatview Asepetic Packaging Co., Ltd Evergreen Packaging LLC

Methodology

Our Clients

General Mills
The John Holland Group
Microsoft
Deloitte
Dassault Aviation
Siemens Healthcare
sinopec
Pfizer