Report Code: A00455 | Pages: 357 | ||
Tables: 212 | Charts: 73 |
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The global liquid packaging carton market was valued at $19.8 billion in 2022, and is projected to reach $32.7 billion by 2032, growing at a CAGR of 5.2% from 2023 to 2032.
Developing economies, particularly in Asia-Pacific and Latin America, have shown a rising demand for packaged beverages and dairy products. The growing middle-class population, urbanization, and changing lifestyles in these regions are driving the adoption of liquid packaging cartons.
Report key highlighters
Liquid packaging carton, also known as beverage carton, is utilized for safe storage and transportation of liquid products. Moreover, there is customized packaging on the basis of marketing requirements of manufacturers. It has an economic advantage over other packaging types. The raw material used is inexpensive compared to other conventional packaging types. Materials such as paperboard, aluminum, and plastic are utilized in the manufacturing of liquid packaging cartons. In addition, they prevent contamination and other damage to liquid food products. These cartons are preferred by manufacturers due to their benefits such as convenience, maneuverability, recyclability, and eco-friendly attribute.
Manufacturers are now more focused on visual presentation and attractive packaging for increasing sales and brand value, which is expected to offer potential growth opportunities to the liquid packaging cartons market. Strict governmental regulations regarding the usage of polyethylene films and pouches for the packaging of liquid products are expected to serve potential growth opportunities for the market of liquid packaging cartons. Such environmental issues encourage manufacturers to switch to liquid packaging cartons, which in turn, are expected to propel market growth. However, a high preference for plastic pouches for packaging liquid food products as it offers easy transportation and cost-effective benefits may hamper the demand for liquid packaging cartons.
The liquid packaging carton market is segmented on the basis of type, shelf life, end use, and region. Depending on type, the market is categorized into brick liquid cartons, gable top cartons, and shaped liquid cartons. On the basis of shelf life, it is classified into long shelf life cartons and short shelf life cartons. By end use, it is divided into liquid dairy products, non-carbonated soft drinks, liquid foods, alcoholic drinks, and others. Region-wise, 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 Adam Pack S.A., Atlas Packaging, Elopak, Greatview Aseptic Packaging, ITC Limited, Nippon Paper Industries Co., Ltd., Refresco Group, Stora Enso, Tetra Laval Group, and WestRock Company.
By carton type, the brick liquid cartons segment held the largest market share in 2022. Brick liquid cartons provide convenience for both consumers and retailers. Their lightweight nature makes them easy to handle and transport, reducing logistical costs. The rectangular shape of these cartons allows efficient stacking and optimal use of storage space, further enhancing their convenience in the supply chain.
By shelf life, the long shelf life cartons segment held the largest market share in 2022. The multi-layer construction of these cartons acts as a barrier to light, oxygen, and moisture, preventing product degradation and ensuring the safety & quality of the contents. This is particularly important for products with sensitive nutritional properties that may deteriorate quickly when exposed to unfavorable conditions.
By end-use, the Liquid dairy products segment held the largest market share in 2022. Sustainability is a driving factor in the liquid packaging carton market growth. Consumers are conscious of the environmental impact of packaging materials. Liquid cartons, typically made from renewable resources such as paperboard, offer a more sustainable option compared to other packaging materials such as plastic. The recyclability of these cartons further supports sustainability efforts and resonates with consumers who prioritize eco-friendly choices.
By region, the market is categorized into North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region is one of the fastest-growing regions in the world. Asia-Pacific has witnessed a shift toward healthier lifestyle choices, with consumers seeking beverages that provide added nutritional value. Liquid packaging cartons accommodate this trend by offering aseptic packaging solutions, which ensure that the beverages retain their nutritional content without the need for preservatives or refrigeration. This has led to the increased adoption of liquid packaging cartons for packaging juices, dairy alternatives, and health drinks.
Key Developments
Key Benefits For Stakeholders
Liquid Packaging Carton Market Report Highlights
Aspects | Details |
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Market Size By 2032 | USD 32.7 billion |
Growth Rate | CAGR of 5.2% |
Forecast period | 2022 - 2032 |
Report Pages | 357 |
By Carton Type |
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By Shelf Life |
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By End Use |
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By Region |
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Key Market Players | NIPPON PAPER INDUSTRIES CO., LTD., Elopak, Refresco Group, Greatview Aseptic Packaging, Atlas Packaging, WestRock Company, Stora Enso, ITC Limited, Tetra Laval Group, Adam Pack S.A. |
Analyst Review
According to the CXOs, the liquid packaging carton market witnessed significant growth in recent years. Packaging plays a crucial role in improving the aesthetic value of a product and draws the attention of consumers. Retailers and wholesalers have stressed the need for variations in packaging size as well as functionality to cater to the 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, however, also emphasize on providing differentiated offerings to satisfy the varying functional and sustainability needs of diverse 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 a rise in disposable income. The surge in demand for cartons with a prolonged shelf life is expected to increase in North America, owing to an upsurge in demand for liquid-packaged products.
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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.
A. Manufacturers are continually investing in innovative packaging designs to improve product differentiation, convenience, and shelf appeal. Features like resealable spouts, easy-to-pour caps, and attractive graphics have become popular to enhance user experience and attract consumers.
A. Liquid dairy products application are the potential customers of Liquid Packaging Carton Market industry
A. Asia-Pacific region will provide more business opportunities for Liquid Packaging Carton market in coming years.
A. The market players are adopting various growth strategies and also investing in R&D extensively to develop technically advanced unique products which are expected to drive the market size.
A. Adam Pack S.A., Atlas Packaging, Elopak, Greatview Aseptic Packaging, ITC Limited, Nippon Paper Industries Co., Ltd., Refresco Group, Stora Enso, Tetra Laval Group, and WestRock Company are the top players in Liquid Packaging Carton market.
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