Liquid Packaging Carton Market Overview
Introduction
The global liquid packaging carton market was valued USD 11,972.5 million and is expected to reach USD 26,636.1, registering a growth rate of 9.3% during the forecast period of 2019-2025.
Liquid packaging cartons are known as beverage cartons and used for packaging purpose only. They provide secure transportation and storage facility for liquid products. They are manufactured by using LDPE, paperboards, aluminum and others materials. These types of cartons are available in different shapes, sizes and designs based on the packager’s need.
Market Dynamics
The global market as a whole is operating at growth phase of its life cycle and is expected to remain in similar phase over next decade. Trend for eco-friendly, recyclable, and renewable packaging is the major pillars in the growth trajectory of liquid packaging cartons market. Demographics changes across the various geographies offer an opportunity to key players to design new packaging cartons for new group of people, which was being a traditional patte
in the European markets. Driven by these factors, market growth is hampered by availability of strong competitors such as high density polyethylene (HDPE), and polyethylene terepthalate (PET).
Some of the factors prominently contributing in the overall liquid packaging cantons market growth include growing preference for packaged food due to demographic changes and hectic life, growing demand for environmentally free packaging and increase in number of hypermarkets and food chains.
The degree of competition observed in the market is moderate to high and is expected to rise with increasing the growth of this market. Industry players are coming up with novel packaging solution thereby matching the global industry trend. As per key opinion leaders in the packaging industry, the market would be flooded by unorganized mid-scaled enterprises due to economic nature production methods and low scale economies of paper based packaging cartons.
Segment Analysis
The global Liquid Packaging Carton market is segmented based on product Type, opening type, material, application and region. Based on Product Type, the global Liquid Packaging Carton market is segmented into brick cartons, gable top cartons, shaped cartons. Based on opening type, the global Liquid Packaging Carton market is segmented into cut opening, straw hole opening, clip opening, twist opening, king twist opening. Based on material, the global Liquid Packaging Carton market is segmented into uncoated paperboard, LDPE coated, aluminum, others. Market segmentation based on the application includes Dairy Products, Wine & Spirits, Juice & Drinks , and others
Regional Analysis of Liquid Packaging Carton Market
On the basis of region, global Liquid Packaging Carton market segmented into North America, Europe, Asia-Pacific, and LAMEA.
Asia Pacific was traditional global leader in overall food packaging segments due to addressable growth in the populations, growing disposable income of middleclass population and consistently rising urbanization. The region has emerged as a global leader by accounting 37% of the global market share and is expected to grow at 9.6% CAGR during the forecast period. In some of the countries such as India, Thailand, Pakistan, and Japan there had been considerable rise in working women population, and resulting demand for packaged water. In addition to this, with vast population growth gove
ments are investing in the supermarkets and food chains to cater rising food demand in countries such as China, India, Vietnam, and Malaysia. Strengthening urbanization has its own effect on the regional economy and is positively impacting the GDP of Asia Pacific. This has resulted into increased disposable income of majority population and consequent rising spending power. It altogether impacts a better spending on food in Asia Pacific and resulting into demand for packaging.
North America is the second largest consumer of liquid packaging cartons due to consumer preference for packaged food and ready to eat food. North America region is known as a land of innovation, wherein largest packaging innovation has undertaken over the last decade. Furthermore, Europe is the newly emerging market in terms of market growth. As per our analysis, the region has proximity to the large number regulatory bodies due to which the consumer as well as producers is preferring eco-friendly packaging solution
Key players operating in Liquid Packaging Carton Market
Major players analyzed and profiled in the global Liquid Packaging Cartons market include Perstorp Holding AB, Daicel Corporation, Corbion N.V., BASF SE, Durect Corporation, Polysciences Inc., Sigma-Aldrich Corporation., and Shenzhen Esun Industries
The global Liquid Packaging Carton market segmented as below
Global Liquid Packaging Carton Market by Product Type
Brick Cartons
Gable Top Cartons
Shaped Cartons
Global Liquid Packaging Carton Market by Opening Type
Cut Opening
Straw Hole Opening
Clip Opening
Twist Opening
King Twist Opening
Global Liquid Packaging Carton Market by Material Type
Uncoated Paperboard
LDPE Coated
Aluminum
Others
Global Liquid Packaging Carton Market by Application
Dairy Products
Milk
Yogurt & Butter Milk
Wine & Spirits, Juice & Drinks
Fruit Juice
Tea
Coconut Water,
Carbonated Soft Drink
Other Products
Global Liquid Packaging Carton Market by Region
North America
Europe
Asia-Pacific
LAMEA
Key players in the Global Liquid Packaging Carton Market
Ferd Group (Elopak Inc.)
Coesia S.p.A. (IPI S.r.l.)
Refresco Group
NIPPON PAPER INDUSTRIES CO., LTD.
NIPPON PAPER INDUSTRIES CO., LTD.
Greatview Aseptic Packaging Co., Ltd.
GEC PACKAGING TEHCNOLOGIES (Evergreen Packaging LLC.)
Tetra Laval Inte
ational S.A. (Tetra Pak Inte
ational S.A.)
ONEX Corporation (SIG Combibloc Group AG)