A00455 | Pages: 295 | Mar 2019 | 15521 Views | ||
Author(s) : Shruti Hariharan, Krunal Yeware & Onkar Sumant | Tables: 200 | Charts: 40 |
|
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Liquid Packaging Carton Market
Request Now !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.
Get more information on this report : Request Sample Pages
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
Get more information on this report : Request Sample Pages
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
Get more information on this report : Request Sample Pages
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
Get more information on this report : Request Sample Pages
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.
Get more information on this report : Request Sample Pages
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 Market Segments
Key Market Players
Loading Table Of Content...
The liquid packaging carton market witnessed significant growth in the recent years. Packaging plays a crucial role in improving the aesthetic value of a product and draws attention of consumers. Retailers and wholesalers have stressed on the need for variations in packaging size as well as functionality to cater to diversified needs and trends of various segments. The adoption of eco-friendly designs and other advanced packaging strategies for paper-based and other forest-based products is expected to revolutionize the global liquid packaging carton market. These strategies not only focus on the renewability aspect but also emphasize on providing differentiated offerings to satisfy the functional and sustainability needs of varied market segments.
The Asia-Pacific liquid packaging carton market offers promising opportunities for packaging and paperboard manufacturers, due to widespread consumption of packaged food & commodities and rise in disposable income. Surge in demand for cartons with prolonged shelf life is expected to increase in North America, owing to increase in demand for liquid packaged products.
Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.
10%
Discount
10%
Discount
15%
Discount
15%
Discount
Enterprise
License/PDF
20%
Discount
Library
Membership
*Taxes/Fees, if applicable will be added during checkout. All prices in USD
To ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers
Get insights on topics that are crucial for your business. Stay abreast of your interest areas.
Get Industry Data AlertsTo ensure high-level data integrity, accurate analysis, and impeccable forecasts
For complete satisfaction
On-demand customization of scope of the report to exactly meet your needs
Targeted market view to provide pertinent information and save time of readers