Liquid Packaging Cartons Market 2021-2024: Growth Drivers, Business Statistics, Top Region with Share, and Revenue Analysis

Liquid Packaging Cartons

The “Liquid Packaging Cartons Market” Report provides a thorough examination of the market. The Liquid Packaging Cartons Market research investigates how firms in the Liquid Packaging Cartons Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Liquid Packaging Cartons market report.

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Competitor Analysis:

Liquid Packaging Cartons market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • Elopak AS
  • Evergreen Packaging LLC
  • Greatview Aseptic Packaging Co. Ltd
  • Klabin SA
  • Refresco Group N.V.
  • SIG Global Pte. Ltd
  • Tetra Laval International SA
  • Nippon Paper Industries Co. Ltd
  • Smurfit Kappa Group PLC
  • Assemblies Unlimited Inc.

    Market Overview:

  • The liquid packaging carton market was valued at USD 9.73 billion in 2018, and is expected to reach a value of USD 11.65 billion by 2024, with a CAGR of 3.06 % over the forecast period (2019 – 2024). The liquid packaging carton market is steadily growing compared to other packaging products available like plastics and glass packaging. Increase in disposable income is one of the major factors contributing to the growth of this industry.
  • – The liquid packaging cartons are primarily utilized for dairy products, soft drinks, and water catering in diverse shapes and sizes to various consumers. The rising preference for easy-to-carry liquid foods is expected to boost the demand for these packaging cartons, thereby, fueling the market growth. The changing lifestyle of people coupled with the convenience of utilizing carton packaging is projected to propel the market.
  • – On the flip side, the availability of substitutes like glass and plastic products are hampering the growth of this market. The cost of producing plastics is comparatively low and also requires less energy consumption while manufacturing them.
  • – Nevertheless, liquid packaging cartons have an edge over the glass and plastic packaging, in terms of environmental-friendliness and recyclability of the material, which mitigates the wastage and reduces the product cost.
  • – In November 2018, Zumosol in Spain partnered with Elopak and switched from plastic bottles to sustainable beverage cartons. They found the new carton packaging to be more natural and sustainably fit for its organic portfolio. This also resulted in reduced carbon footprint and reduced weight, which provided a naturally different, sustainable, and authentic package.

    Key Market Trends:

    Dairy Products Occupy a Notable Share in Liquid Packaging Cartons Market

    – According to the Food and Agriculture Organization of the United Nations, the dairy product demand in the developed and developing countries has been increasing for the past few years.
    – As the population and income increases, and diets become more globalized, dairy products are expected to be consumed specifically in developing countries.
    – The worldwide demand for processed milk and juices has also increased over the recent years. While processed milk and dairy products have played a significant role in shaping the liquid packaging cartons industry, particularly in the North American region, the growing demand for fruit juice worldwide, which rose to 35 billion liters in 2017 has also been crucial to the market growth.
    – As people are becoming aware of the benefits of carton packaging, they are shifting from other packaging materials toward paperboard containers. In the United States, milk solids will see a tremendous growth and this will supplement the liquid packaging carton market.

    Asia-Pacific to witness the Fastest Growth during the Forecast Period.

    – Asia-Pacific is dominated by the population of China and India and in these two countries, the increase in disposable income and the constantly growing rate of these countries will act as a supplement for the growth of the liquid packaging carton market.
    – According to the Food and Agriculture Organization of the United Nations, India and Pakistan will contribute the maximum production of milk in the upcoming years. India is the developing nation and the increase in the paper cardboard has been observed on account of factors, such as the increasing FMCG as well as the food and beverage sector. This is being supported by the government of India as well because plastic carry bags are banned in India. This movement has acted as the stimulator for the majority of the people in India.

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    Scope of the Report:

    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. The food and beverage sector captures the major share for this industry. North America has the largest market as people in the region have witnessed a fast lifestyle making them prefer ready-to-eat food.

    Highlighted points of Liquid Packaging Cartons Market Report:

    • Varying dynamics of the Liquid Packaging Cartons industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Liquid Packaging Cartons market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Liquid Packaging Cartons market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Liquid Packaging Cartons Market report:

    • The Liquid Packaging Cartons market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Liquid Packaging Cartons market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Liquid Packaging Cartons market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Liquid Packaging Cartons Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Value Chain / Supply Chain Analysis
    4.3 Introduction to Market Drivers and Restraints
    4.4 Market Drivers
    4.4.1 Rising Demand for Environment-friendly Packaging
    4.4.2 Changing Consumer Lifestyle and Preferences
    4.5 Market Restraints
    4.5.1 Competition from Substitutes such as Glass and Plastic Packaging
    4.6 Industry Attractiveness – Porter’s Five Forces Analysis
    4.6.1 Bargaining Power of Suppliers
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Threat of New Entrants
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Industry Regulations and Policies

    5 MARKET SEGMENTATION
    5.1 By Liquid Type
    5.1.1 Milk
    5.1.2 Water
    5.1.3 Juices
    5.1.4 Energy Drinks
    5.1.5 Alcoholic Beverages
    5.1.6 Other Liquid Types
    5.2 Geography
    5.2.1 North America
    5.2.1.1 US
    5.2.1.2 Canada
    5.2.2 Europe
    5.2.2.1 France
    5.2.2.2 UK
    5.2.2.3 Germany
    5.2.2.4 Rest of Europe
    5.2.3 Asia-Pacific
    5.2.3.1 Japan
    5.2.3.2 China
    5.2.3.3 India
    5.2.3.4 Rest of Asia-Pacific
    5.2.4 Latin America
    5.2.4.1 Brazil
    5.2.4.2 Argentina
    5.2.4.3 Mexico
    5.2.4.4 Rest of Latin America
    5.2.5 Middle East & Africa
    5.2.5.1 UAE
    5.2.5.2 Saudi Arabia
    5.2.5.3 South Africa
    5.2.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Elopak AS
    6.1.2 Evergreen Packaging LLC
    6.1.3 Greatview Aseptic Packaging Co. Ltd
    6.1.4 Klabin SA
    6.1.5 Refresco Group N.V.
    6.1.6 SIG Global Pte. Ltd
    6.1.7 Tetra Laval International SA
    6.1.8 Nippon Paper Industries Co. Ltd
    6.1.9 Smurfit Kappa Group PLC
    6.1.10 Assemblies Unlimited Inc.

    7 INVESTMENT OUTLOOK

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

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