Global Liquid Packaging Cartons Market was valued at US$ 9.2 Bn in 2022 and is estimated to reach US$ 15.2 Bn by 2030, exhibiting a CAGR of 6.48% during the forecast period (2023-2030). According to Global Liquid Packaging Cartons Market Report, 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) as highlighted in a new report published by Coherent Market Insights.
Global liquid packaging cartons are specially designed to contain liquid food products such as soft drinks, dairy, water, and other beverages. These packaging offer easy and safe transportation of liquid food products and also prevent contamination. They are ideal packaging solutions in terms of being environmentally friendly, recyclable, reducing municipal waste, lowering carbon footprint, consuming less energy during manufacturing, and lowering production costs. These are made of cardboard, plastic, aluminum, and various other materials. These cartoons preserve the food for a longer time. Liquid packaging cartons can be classified into brick cartons, gable-top cartons, and shaped cartons.
Drivers
Rising need for effective packaging with a longer shelf-life of the packaged product is expected to propel the market growth of liquid packaging cartons. Growing demand for safe and easy transportation of liquid food without any damage is expected to augment the market growth of liquid packaging cartons. Moreover, liquid packaging cartons are also tamper-resistant which makes them an ideal option for the packaging of liquid products, thus this is expected to fuel the market growth over the forecast period.
Market Opportunities
Growth in the retail industry across developing as well as developed regions is expected to provide lucrative growth opportunities to the market of liquid packaging cartons According to the India Brand Equity Foundation, the retail industry reached US$ 950 billion in 2020 at CAGR of 13% and projected to reach US$ 1.1 trillion by 2020. Moreover, online retail sales are forecasted to grow at a rate of 31% year-on-year to reach US$ 32.70 billion in 2020. Thus growth in the retail industry will favor market growth.
Market Restraints
Environmental benefits associated with glass packaging is raising its demand for packaging of liquid food products is expected to restrict the market growth of the liquid packaging cartons. Glass materials consume less energy than any other packaging material and also offer 100% recyclable as well as reusable without compromising on the quality. Thus high demand for glass material for packaging is expected to hamper the market growth.
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https://www.coherentmarketinsights.com/market-insight/liquid-packaging-carton-market-286
Browse 45 market data tables* and 30 figures* on "Global Liquid Packaging Cartons market”- Global forecast to 2030.
Key Takeaways of the Market:
- On the basis of product type, brick cartons dominated the global liquid packaging cartons market in 2022 with around 58% of the market share in terms of revenue, followed by gable top cartons and shaped cartons, respectively
- Rising trend of aseptic cartons which are sterilized during sealing in order to prevent contamination due to microorganisms is expected to fuel the market growth. Aseptic cartons also remove the need for preservation and also increase the shelf-life of the product. Due to this liquid packaging cartons market is experiencing a shift towards aseptic cartons for packaging of liquid from conventional packaging. This is expected to propel the market growth over the forecast period.
Key players operating in the global liquid packaging cartons market are Elopak Inc., Evergreen Packaging Inc., IPI S.R.L., Refresco Gerber N.V., SIG Combibloc GmbH, Tetra Pak Inc., Weyerhaeuser Company, Nippon Paper Industries Co., Ltd, TidePak Aseptic Packaging Material Co., Ltd, and Adam Pack S.A.
Global Paper Packaging Market - Impact of Coronavirus (Covid-19) Pandemic
The Gable liquid cartons market is rapidly approaching pre-COVID levels, with a healthy growth rate expected over the forecast period. The Gable top liquid cartons market has driven economic growth in the majority of developing countries. However, exceptional circumstances caused by the expected third and subsequent waves are causing a bleak outlook. This study attempts to estimate the impact of various COVID-19 scenarios on the future of the gable top liquid cartons market over the forecast period.
