Liquid Packaging Carton Market Forecast by Carton Type (Brick Liquid Carton, Shaped Liquid Carton, and Gable Top Carton), Shelf Life (Long Shelf Life Carton and Short Shelf Life Carton), and End user (Liquid Dairy Products, Non-carbonated Soft Drinks, Liquid Food, and Alcoholic Beverages): Global Opportunity Analysis and Industry Forecast, 2018 - 2025

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Liquid Packaging Carton Market Outlook - 2025

The liquid packaging carton market accounted for revenue of $14,310 million in 2017, and is anticipated to reach $20,747 million by 2025, registering a CAGR of 4.7% from 2018 to 2025. Food or beverage packaging is a technique used for packaging of edible products to ensure preservation, containment, marketing & information, traceability, convenience, and other functions. Liquid packaging cartons are containers, which enable safe transportation and storage of liquid products, and provide customized packaging based on the marketing requirements of manufacturers. These cartons are preferred by manufacturers due to their benefits such as convenience, maneuverability, recyclability, and eco-friendly attribute. They are specially designed for carrying liquids such as milk & dairy products, packaged water, liquid food products, soft drinks, and juices.

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The liquid packaging carton market growth is attributed to factors such as upsurge in demand for packaged food & beverages, convenience in carrying & transportation, innovation in packaging, and recyclable nature of cartons. In addition, significant growth has been witnessed in the food & beverage industry in Asia-Pacific, owing to rise in demand for healthy & packaged water. Moreover, increase in consumption of soft drinks have is expected to boost the growth of the liquid packaging carton market during the forecast period. However, increase in demand for glass packaging and availability of substitutes for liquid packaging cartons are the significant factors that hamper the market growth. On the contrary, product innovation in the liquid packaging industry provides lucrative growth to the liquid packaging carton market opportunity during the forecast period. Shift in growth dynamics of food and beverage industry and diverse growth dimensions of the retail industry have changed the way products are being packaged in the recent years. In January 2018, METSÄ BOARD launched an innovative eco-barrier paperboard that offers brands looking for non-plastic packaging with barrier properties

The global liquid packaging carton market is segmented based on type, shelf life, end use, and region. Based on type, the market is categorized into brick liquid cartons, gable top cartons, and shaped liquid cartons. Based on shelf life, it is bifurcated into long shelf life cartons and short shelf life cartons. By end use, it is classified into liquid dairy products, non-carbonated soft drinks, liquid foods, alcoholic drinks, and others. Based on region, the liquid packaging carton market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Some of the major players analyzed in this report are Greatview Aseptic Packaging Co., Ltd., BillerudKorsnäs AB, Tetra Laval International S.A., Nippon Paper Industries Co., Ltd., Smurfit Kappa, Reynolds Group Holdings Limited., Liqui-Box, ONEX Corporation, Ferd, and Adam Pack SA. These market players are competing against each other through innovation and development. In an instance, Greatview Aseptic Packaging Company Limited has acquired Qingdao Likang Food Packaging Technology Company Limited (“Likang”) at a cash consideration of USD 15.5 million. Likang is based in the Shangdong Province of China, and its business is the production of aseptic packaging cartons for its customers in China. This acquisition has reinforced company presence in China. Furthermore, Tetra Pak subsidiary of Tetra Laval International S.A. has launched a suite of new packaging material effects, known as Tetra Pak Artistry, to help food and beverage producers revitalize the look and feel of their products. This product launch has strengthened company's portfolio.

Global Liquid Packaging Carton Market Share, by Region

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Asia-Pacific is one of the fastest growing regions in the global liquid packaging carton market size. Growth in population in Asia-Pacific, increase in disposable income, and stable economic growth fuel the growth of the liquid packaging carton market. Emerging markets such as China and India are expected to show the highest increase in demand for environmental liquid packaging carton. Rise in liquid packaging carton demand from Australia is projected to be more reserved, owing to the sustained shift of the manufacturing base to other countries, and decrease in exports resulting from capacity increase in other Asian countries.

Global Liquid Packaging Carton Market, by Carton type

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Based on carton type, the brick liquid carton segment garnered the largest share in 2017. This is attributed to the fact that manufacturers opt for low-cost brick carton packaging materials, due to their cost-effectiveness to reduce overall cost of production. This allows manufacturers to produce brick liquid carton at relatively low cost, which majorly drives its adoption.

Global Liquid Packaging Carton Market, by Shelf life

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Based on shelf life, the long shelf life carton segment is expected to be the fastest growing segment owing to its increased used in dairy and liquid food products that are perishable in absence of controlled storage conditions. These cartons are made of paperboard, polyethylene, and aluminum. The shelf life ranges from 3 months to 1 year, before opening.

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Global Liquid Packaging Carton Market Share, by End user

Based on end user, liquid food is projected to be the fastest growing segment owing to increase in the production of green packaging systems to reduce the negative impact on the environment. This trend is expected to drive the demand for liquid packaging carton.

Key Benefits for Liquid Packaging Carton Market:

• Porter’s five forces analysis helps analyze the potential of buyers and suppliers and the competitive scenario of the liquid packaging carton industry for strategy building.
• It outlines the current trends and future scenario of the Liquid Packaging Carton market trends from 2017 to 2025 to understand the prevailing opportunities and potential investment pockets.
• Major countries in each region have been mapped according to their individual revenue contribution in the global liquid packaging carton market analysis.
• The key drivers, restrains, and opportunities and their detailed impact analyses are elucidated in the report.
• The profiles of key players competing in the industry along with their key strategic developments are enlisted in the report.

 Key Market Segments

• BY CARTON TYPE
  • Brick Liquid Cartons
  • Shaped Liquid Cartons
  • Gable Top Cartons
  
  
• BY SHELF LIFE
  • Long Shelf Life Cartons
  • Short Shelf Life Cartons
  
  
• BY END USERS
  • Liquid Diary Products
  • Non-carbonated Soft Drinks
  • Liquid Foods
  • Alcoholic Beverages
  
  
• BY REGION
  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
  
  

 Key Market Players

• ADAM PACK SA
• BILLERUDKORSNÄS AB
• FERD
• GREATVIEW ASEPTIC PACKAGING CO., LTD
• LIQUI-BOX
• NIPPON PAPER INDUSTRIES CO., LTD
• ONEX CORPORATION
• REYNOLDS
• SMURFIT KAPPA
• TETRA LAVAL INTERNATIONAL S.A