Liquid Packaging Cartons Market, By Product Type (Brick Cartons, Gable Top Cartons, Shaped Cartons), By Material Type (Uncoated Paperboard, LDPE Coated, Aluminum), By Opening Type (Cut Opening, Straw Hole Opening, Clip Opening, Twist Opening, King Twist Opening), By Application (Dairy Products (Milk, Yogurt & Butter Milk), Juice & Drinks (Fruit Juice, Tea, Coconut Water, Carbonated Soft Drinks), Industrial and Institutional, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2023

Code : CMI286

Pages :120

Formats :

Excel and PDF

Industry : Packaging

Market Challenges And Opportunities

Global Liquid Packaging Carton Market: Market Restraints

High price of raw materials and high preferences for a plastic container

High preferences for plastic containers for packaging liquid food product as it offers easy transportation and cost-effective benefits is expected to hamper the demand for liquid packaging cartons. High-density polyethylene and polyethylene terephthalate are highly preferred plastic materials. Moreover, plastic is also lightweight, corrosion resistant, and offers excellent thermal insulation properties which are further expected to augment the market growth over the forecast period.

The high price of raw materials used to manufacture packaging cartons for food is expected to restrict the demand for this product. This is expected to curb the market growth of liquid packaging cartons.

Global Liquid Packaging Carton Market: Growth Drivers

Demand for environmentally friendly packaging cartons

From both a customer and business perspective, switching to eco-friendly packaging has many obvious advantages. Additionally, a conscious consumer is someone who makes wise decisions about their purchases and believes in the ecological, social, environmental, and political influence of products. The market for liquid packaging cartons is also expanding due to consumer demand for environmentally friendly packaging materials. This is so because the packaging industry has the biggest environmental impact. Consequently, the need for environmentally friendly packaging solutions is fueling the market's expansion. The market's expansion is also influenced by the packaging material's ability to be reused. For instance, Elopak ASA and Nippon Paper Industries Co., Ltd. signed a thorough Memorandum of Understanding (MoU) in February 2022. The agreement examines how future businesses might be established and organized in conjunction given the networks, assets, and areas of expertise of the two organizations, and it covers further cooperation between them. The Elopak ASA Company offers packaging supplies for liquid food products, as well as renders additional services. Nippon Paper Industries Co Ltd (NPI) is a manufacturer of paper and related products.