The market is expected to generate an incremental $ opportunity of US$ 12.23 Bn between 2022 and 2030, an initiative to reduce carbon footprint and provide sustainable packaging
Category: Packaging Published Date : July 2022 ID: CVC-00150-PKG Format: PDF Pages: 302
Liquid Packaging Carton Market Size Analysis
According to a research survey conducted by ChemView Consulting, in 2022, the Global Liquid Packaging Carton Market was worth US$ 20.6 Bn and is expected to grow at a CAGR of 6.0% over the forecast period. The market is expected to hit US$ 32.8 Bn by 2030 end.
Liquid packing cartons allow for the safe transportation and storage of liquid products while providing customized packaging based on manufacturer marketing requirements. Manufacturers like these cartons because of their convenience, maneuverability, recyclability, and eco-friendliness.
They are built specifically for transporting liquids such as milk and dairy goods, bottled water, liquid food products, soft drinks, and juices.
What are the causes driving the rise in demand for Liquid Packaging Carton?
The expansion of the Liquid Packaging Carton market is attributable to increased demand for packaged food and beverages, ease of carrying and transportation, packaging innovation, and the recyclable nature of cartons.
Increased soft drink consumption is likely to drive the growth of the Liquid Packaging Carton market during the forecast period.
An important aspect driving the Liquid Packaging Carton industry is the rise in consumer preferences for convenience food across developing areas.
What are the opportunities in the Liquid Packaging Carton Market?
During the projection period, product innovation in the liquid packaging industry will provide profitable growth to the Liquid Packaging Carton market.
Increasing the prevalence of regulations and compliances regarding the use of plastics worldwide is the major factor that will escalate market growth. An increase in the number of hypermarkets and food chains, an increase in the preference and adoption of environmentally friendly packaging methods and products, an increase in the transformation of individuals’ lifestyles resulting in the consumption of packaged food and beverages, and an increase in the preference and adoption of environmentally friendly packaging methods and products, all these factors will create numerous opportunities for the market.
Which Liquid Packaging Carton type is expected to grow at the fastest CAGR?
The brick liquid carton category will have the biggest market share in 2021. Manufacturers prefer low-cost brick carton packing materials due to their cost-effectiveness in lowering overall manufacturing costs. It enables manufacturers to build brick liquid cartons at a low cost, which drives their widespread usage.
Over the anticipated period, brick cartons are expected to offer a total incremental opportunity of more than US$ 4.9 billion. Brick cartons provide tamper-proof packaging for juices, milk, and other liquid items. These containers extend the product’s shelf life and protect it from a hostile exterior.
Brick cartons currently have a market share of 56.0%. Because of the widespread appeal of brick cartons, manufacturers and end users will find attractive growth potential both in the short and long run.
Why is the Uncoated Paperboard Material sector expected to expand fast over the forecast period?
Uncoated paperboard material currently has a 76.2% market share. Because of its sustainability and recyclability, uncoated paperboard has been the most desired raw material for decades.
In almost all parts of the world, uncoated paperboard is the first choice of manufacturers and consumers for liquid Packaging Cartons. By 2030, uncoated paperboard is expected to offer a total incremental opportunity of more than US$ 7.5 billion.
Why is the Asia Pacific region cementing its global dominance in the Liquid Packaging Carton Market?
Regarding worldwide Liquid Packaging Carton market size, Asia-Pacific is one of the fastest expanding regions. The Asia-Pacific liquid Packaging Carton market is growing due to population growth, increased disposable income, and sustained economic growth. Emerging markets such as China and India will likely experience the greatest demand for environmentally friendly liquid Packaging Cartons.
The production and consumption of liquid packing cartons will skyrocket in the Asian Pacific region. It is expected to grow at an 8.0% CAGR over the anticipated period.
Government initiatives to decrease carbon footprints and produce sustainable packaging drive the demand for liquid carton packaging in the Asia Pacific.
Why is the United States such a large market for Liquid Packaging Carton?
In 2021, the United States was expected to hold nearly 76.3% of the North American market share. Liquid cartons are the favored choice for beverage manufacturers due to the growing trend of takeout meals and the requirement for simple packaging.
The country’s growing working-class populace expects packaging that is convenient to carry and has an appealing appearance and feels. Liquid packing cartons meet all of these requirements.
Which country has promising opportunities in the Asia-Pacific Insole market?
China, the world’s fastest-growing market for liquid Packaging Cartons, is predicted to increase by more than 8.0% yearly.
The rapid development of infrastructure and growth of the paper and paperboard industry, a primary raw material for creating liquid Packaging Cartons, is assisting market expansion. Furthermore, introducing new market participants and expanding existing ones make China an important market for liquid Packaging Cartons.
Companies in the market are extending their global footprint, catering to the growing demand for liquid carton packaging, and expanding their product portfolio through product development, facility expansions, and mergers and acquisitions.
Some of the key developments that have taken place in the Liquid Packaging Carton Market include:
A list of some of the critical suppliers present in the market are:
Market Segments Covered in Report
By Opening Type:
By Region and Country:
Global Liquid Packaging Carton Market 2022-2030: Report Coverage and Highlights
|Historical data available for||2017-2021|
|Market analysis||USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030|
|Key regions covered||North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa|
|Key countries covered||US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt|
|Key segments covered||By Type, Material, Application, Opening Type, and Region|
|Customization scope||Available upon Request|
|Pricing and purchase options||Available upon Request|