USD 19.3 billion
Liquid Packaging Carton Market Size, Share, Growth Analysis, By Product(Brick Cartons, Gable top cartons, shaped cartons), By Material(Uncoated paperboard, LDPE coated, Aluminium), By Opening type(Cut opening, Straw hole opening, Clip opening, Twist opening), By Application(Dairy products, Juice & Drinks, Industrial, institutional), By Region - Industry Forecast 2024-2031
Report ID:
SQSG15H2007 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|Tables:
121
|Figures:
77
Liquid Packaging Carton Market Insights
Liquid Packaging Carton Market size was valued at USD 19.3 billion in 2019 and is poised to grow from USD 20.42 billion in 2023 to USD 33.92 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).
Liquid packing cartons are primarily used to package beverages and dairy goods to provide appropriate preservation, convenience, and other benefits such as damage protection. They are usually made of paperboard, aluminium, and plastic. These containers make it possible to transport liquid food products such as soft drinks and juices in a safe and convenient manner. They also protect the liquid food product from contamination and other hazards. These are in high demand among manufacturers due to their numerous advantages such as manoeuvrability, recyclability, ease, and eco-friendliness. They are available in a variety of forms and sizes depending on the application, and they are also simple to manufacture as needed. Growing environmental concerns about the use of plastic packaging, the recyclable nature of carton packs, and the convenience of glass packaging are some of the factors that will drive liquid packaging carton market expansion in the next years. However, the widespread usage of plastic packaging as an alternative to carton packaging may limit market growth. The primary rivals for liquid packing cartons are high density polyethylene (HDPE) and polyethylene terephthalate (PET). Some of the variables that will regulate the market are demographics, economics, and sustainability. Packaging technology innovation and the usage of renewable materials may offer up considerable potential opportunities for the market.
US Liquid Packaging Carton Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Brick Cartons
Fastest Growth
Brick Cartons
Growth Rate
5.8% CAGR
Global liquid packaging carton market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
To get more reports on the above market click here to Buy The Report
Liquid Packaging Carton Market Segmental Analysis
Global liquid packaging carton market is segmented based on product, material, opening type, application, and region. Based on product, Liquid Packaging Carton Market is segmented into brick cartons, gable top cartons, shaped cartons. Based on material, Liquid Packaging Carton Market is segmented into uncoated paperboard, LDPE coated, aluminium. Based on opening type Liquid Packaging Carton Market is segmented as cut opening, straw hole opening, clip opening, twist opening, king twist opening. Based on application, Liquid Packaging Carton Market is segmented as dairy products, juice & drinks, industrials & institutional, other products. Based on region, Liquid Packaging Carton Market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.
Liquid Packaging Carton Market Analysis by Product:
Over the anticipated time period, brick cartons are expected to offer a total incremental opportunity of more than US$ 4.7 billion. Brick cartons provide tamper-proof packaging for juices, milk, and other liquid items. These containers extend the product's shelf life and protect it from the hostile exterior environment.
Brick cartons currently have a market share of 55 percent. Due to widespread appeal of brick cartons, manufacturers and end users will find attractive growth potential both in the short and long run.
Liquid Packaging Carton Market Analysis by Application:
Over the next decade, industrial and institutional applications of liquid packing cartons are predicted to grow at a CAGR of 5%. Liquid packing cartons of various sizes are utilized in a variety of industries, from packaging finished items to supplying industry raw materials such as oil and lubricants.
Liquid packaging cartons are the preferred packaging solution for industrial and institutional applications due to their robustness and durability. Revenues are estimated to exceed US$ 4.2 billion by 2031.
Global liquid packaging carton market By Product, 2021 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Liquid Packaging Carton Market Regional Insights
Based on region, global liquid packaging carton market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. The expansion of the liquid packing carton in North America is ascribed to factors such as increased consumer desire for ready-to-transport, convenient items and the carton's eco-friendliness. Asia Pacific is one of the fastest expanding regions in the global liquid packaging carton market. The primary factors driving market expansion are rise in population, an increase in disposable income, and sustained economic growth in Asia-Pacific. This packaging sector in Germany, which is dominant in liquid dairy goods, is fuelling the rise of the European liquid packaging carton market. With increased demand and spending trends, the Latin American market is likely to recover. The Middle East and Africa are predicted to grow rapidly due to key market drivers such as rising demand, technical advancements in the packaging sector, eco-friendly nature, and others.
Global liquid packaging carton market By Geography, 2022-2028
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Liquid Packaging Carton Market Dynamics
- Liquid Packaging Carton Market Drivers
- Consumer desires for convenience meals are projected to boost the expansion of the liquid packaging carton market in developing nations. Packaged food is fast gaining popularity among consumers due to rising disposable income preferences and a hectic lifestyle. Furthermore, growing urbanization and industrialization around the world are likely to fuel the growth of the liquid packaging cartons market. Growth in the packaging sector as a result of increased investment and rising demand for eco-friendly and convenient packaging solutions is projected to support the growth of the liquid packaging cartons market. Rising demand for simple recyclable liquid packaging solutions, combined with stringent government rules limiting the emissions of dangerous gases and greenhouse gases, is likely to fuel the growth of the liquid packaging cartons market throughout the forecast period.
- Liquid Packaging Carton Market Restraint
- Demand for liquid packaging cartons is projected to be hampered by consumers' preference for plastic containers for packaging liquid food products due to their ease of transportation and cost-effectiveness. High-density polyethylene and polyethylene terephthalate are popular plastics. Furthermore, plastic is lightweight, corrosion resistant, and has great thermal insulation qualities, all of which are likely to boost market growth throughout the projection period. The high cost of raw materials needed to make food packaging cartons is projected to limit demand for this product. This is projected to slow the growth of the liquid packaging carton industry.
Request Free Customization of this report to help us to meet your business objectives.
Liquid Packaging Carton Market Competitive Landscape
The global liquid packaging carton market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions
Top Players in the Global Liquid Packaging Carton Market
- Tetra Pak International S.A.
- Elopak AS
- SIG Combibloc Group AG
- Evergreen Packaging LLC
- Nippon Paper Industries Co. Ltd.
- Refresco Group
- Adam Pack S.A.
- Stora Enso Oyj
- Comar Inc.
- Liqui-Box Corporation
- Wayerhaeuser Company
- Smurfit Kappa Group plc
- Greatview Aseptic Packaging Co. Ltd.
- TidePak Aseptic Packaging Material Co. Ltd.
- Lami Packaging (Kunshan) Co. Ltd.
- IPI S.r.l.
- BillerudKorsnäs AB
- Mondi plc
- Bio-PAPPEL SAB de CV
- KARTON S.p.A.
Liquid Packaging Carton Market Recent Developments
June 2020 - ELOPAK AS introduced a new product line called Pure-Pak Imagine, which is one of the most environmentally friendly cartons. It is a modernized version of the original Pure-Pak carton, featuring an easy-open function.
Clover Sonoma has teamed with Evergreen Packaging to transition its half-gallon organic milk to the PlantCarton container with Renewable Plus Cartons in October 2020.
Nippon Paper Industries Co. Ltd has created a straw-free paper pack for school milk, NP-PAK mini-School POP, which will be available in September 2020.
Tetra Pak has announced the introduction of certified recycled polymers, making the company the first in the food and beverage packaging industry to get the Roundtable on Sustainable Biomaterials (RSB) Advanced Products accreditation.
Liquid Packaging Carton Key Market Trends
- Growing demand for large-size liquid packaging cartons is projected to boost the liquid packaging cartons market forward. Furthermore, the growing trend of shaped cartons as an advertising and promotional tool to increase brand awareness is likely to drive market expansion. Various companies are changing their focus to boosting the manufacture of shaped cartons in order to differentiate themselves from competition. This is projected to boost the market for liquid packaging cartons. Increased demand for ready-to-eat meals due to an increasing working population is predicted to fuel the growth of the liquid packaging cartons industry. Furthermore, the introduction of twist caps for liquid packaging cartons is another major trend observed in the liquid packaging market to provide consumers with easy handling and closure options. As a result, this trend is expected to boost the growth of the liquid packaging cartons market over the forecast period.
Liquid Packaging Carton Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global liquid packaging carton market analysis, during the assessment period, the market is expected to see the fastest rise in sales of liquid carton packing. Asia Pacific is predicted to have the fastest growth in the global liquid carton packaging market. The growing consumption of ready-to-drink beverages, as well as the demand for packaged milk, juices, and soft drinks, are the primary reasons driving liquid carton packaging sales. Another element changing the liquid carton packaging market is the ease of transporting liquid items and the introduction of intelligent packaging.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 19.3 billion |
| Market size value in 2031 | USD 33.92 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Liquid Packaging Carton Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Liquid Packaging Carton Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Liquid Packaging Carton Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Liquid Packaging Carton Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Liquid Packaging Carton Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Liquid Packaging Carton Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
USA (+1) 351-333-4748
