Global Liquid Packaging Carton Market - 2023-2030
The Global Liquid Packaging Cartons Market will be US$ 11.2 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 15.9 billion by 2030. The market is growing at a CAGR of 4.5% during the forecast period 2023-2030.
Paperboard cartons, also known as paper-based packaging, are gaining popularity in the liquid packaging industry. Paperboard cartons provide a sustainable alternative to plastic bottles and cans. Aseptic packaging is a trend in the liquid packaging cartons market, particularly for products that require extended shelf life without the need for refrigeration or preservatives. Aseptic packaging involves sterilizing the packaging materials and the liquid product separately, and then filling and sealing the cartons under sterile conditions to maintain product integrity.
Liquid packaging cartons are designed to provide optimal barrier properties, protecting the contents from light, moisture, and oxygen. Advanced coatings and laminations are used to enhance the cartons' barrier properties, maintaining product freshness and quality throughout the shelf life.
Market Dynamics
Rising Demand for Milk is Anticipated to Grow the Liquid Packaging Carton Market’s Growth
Dairy products, including milk, are staple foods in many cultures and diets. The demand for dairy products, such as milk, cheese, and yogurt, is on the rise due to factors like increasing health consciousness, dietary preferences, and the perception of dairy as a nutritious source of protein and essential nutrients.
According to Statista, till 2022, the total domestic consumption volume of milk was over 203 million metric tons in India. This was an increase as compared to the previous year when the consumption volume was about 199 million metric tons. This growing consumption of milk creates opportunities for the liquid packaging cartons market to provide efficient and suitable packaging solutions.
Growing Beverage Industry is a Remarkable Opportunity for the Liquid Packaging Carton Market
The beverage industry is experiencing significant growth globally, driven by increasing consumer demand for various beverages, including carbonated drinks, juices, dairy-based drinks, energy drinks, and ready-to-drink beverages.
This growing demand for beverages requires efficient and sustainable packaging solutions. According to Statista, the number of users in the beverages market is expected to amount to 1,454 million users by 2027. To meet these demands, liquid packaging cartons offer suitable characteristics, such as barrier properties and customizable designs.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The Global Liquid Packaging Carton Market is segmented based on carton type, liquid type, shelf life, application, and region.
By Application, the Fruit Juice Segment Accounted for the Highest Share of the Global Liquid Packaging Carton Market
Fruit juices are widely consumed beverages globally due to their refreshing taste and perceived health benefits. Consumers are increasingly inclined towards natural and healthier beverage options, and fruit juices align with these preferences.
According to Statista, in the Juices segment, volume is expected to amount to 37.63 billion liters by 2027. The same report states that the juices segment is expected to show a volume growth of 1.8% in 2024.
The growing consumer demand for fruit juices contributes to their significant market share in the liquid packaging cartons industry. Liquid packaging cartons provide a suitable packaging solution for fruit juices, allowing for easy storage, pouring, and consumption, which contributes to their popularity in the market.
Geographical Analysis
North America is the Fastest-Growing Market in the Liquid Packaging Carton Industry
North America, particularly the United States and Canada, has a large and growing consumer base with a high demand for packaged beverages and liquid products. Factors such as changing consumer preferences, convenience-driven consumption, and a shift towards healthier beverage options contribute to the region's increasing demand for liquid packaging cartons.
The North American region is known for its technological advancements and continuous innovations in the packaging industry. Manufacturers and suppliers in the region are investing in research and development to enhance liquid packaging cartons' functionality, design, and sustainability. These innovations attract customers and contribute to the growth of the market.
Competitive Landscape
The major global players include the Liquid Packaging Cartons market are Tetra Pak, Nippon Paper Industries Co., Ltd., Mondi, Refresco Group, Pactiv Evergreen Inc., Ferd, Greatview Aseptic Packaging Company, Liqui-Box, Onex Corporation, and Reynolds.
Why Purchase the Report?
• To visualize the Global Liquid Packaging Cartons Market segmentation based on carton type, liquid type, shelf life, and application to understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous liquid packaging carton market-level data points with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The Global Liquid Packaging Carton Market Report Would Provide Approximately 69 Tables, 68 Figures And 200 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies
- 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
- 2. Definition and Overview
- 3. Executive Summary
- 3.1. Snippet by Carton Type
- 3.2. Snippet by Liquid Type
- 3.3. Snippet by Shelf Life
- 3.4. Snippet by Application
- 3.5. Snippet by Region
- 4. Dynamics
- 4.1. Impacting Factors
- 4.1.1. Driver
- 4.1.2. Restraints
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
- 5. Industry Analysis
- 5.1. Porter's Five Force Analysis
- 5.2. Supply Chain Analysis
- 5.3. Pricing Analysis
- 5.4. Regulatory Analysis
- 6. COVID-19 Analysis
- 6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID-19
- 6.1.2. Scenario During COVID-19
- 6.1.3. Scenario Post-COVID-19
- 6.2. Pricing Dynamics Amid COVID-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
- 7. By Carton Type
- 7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Carton Type
- 7.1.2. Market Attractiveness Index, By Carton Type
- 7.2. Brick Liquid Carton*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 7.3. Shaped Liquid Carton
- 7.4. Gable Top Carton
- 8. By Liquid Type
- 8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Liquid Type
- 8.1.2. Market Attractiveness Index, By Liquid Type
- 8.2. Milk*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 8.3. Juices
- 8.4. Energy Drinks
- 8.5. Other
- 9. By Shelf Life
- 9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shelf Life
- 9.1.2. Market Attractiveness Index, By Shelf Life
- 9.2. Long Shelf-Life Carton*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 9.3. Short Shelf-Life Carton
- 10. By Application
- 10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 10.1.2. Market Attractiveness Index, By Application
- 10.2. Liquid Dairy Products*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
- 10.3. Non-Carbonated Soft Drinks
- 10.4. Liquid Food
- 10.5. Alcoholic Beverages
- 10.6. Others
- 11. By Region
- 11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
- 11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Carton Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Liquid Type
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shelf Life
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.2.7.1. The U.S.
- 11.2.7.2. Canada
- 11.2.7.3. Mexico
- 11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Carton Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Liquid Type
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shelf Life
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.3.7.1. Germany
- 11.3.7.2. The UK
- 11.3.7.3. France
- 11.3.7.4. Italy
- 11.3.7.5. Spain
- 11.3.7.6. Rest of Europe
- 11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Carton Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Liquid Type
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shelf Life
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Distribution Channel
- 11.4.8. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.4.8.1. Brazil
- 11.4.8.2. Argentina
- 11.4.8.3. Rest of South America
- 11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Carton Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Liquid Type
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shelf Life
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
- 11.5.7.1. China
- 11.5.7.2. India
- 11.5.7.3. Japan
- 11.5.7.4. Australia
- 11.5.7.5. Rest of Asia-Pacific
- 11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Carton Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Liquid Type
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Shelf Life
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 12. Competitive Landscape
- 12.1. Competitive Scenario
- 12.2. Market Positioning/Share Analysis
- 12.3. Mergers and Acquisitions Analysis
- 13. Company Profiles
- 13.1. Tetra Pak*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
- 13.2. Nippon Paper Industries Co., Ltd.
- 13.3. Mondi
- 13.4. Refresco Group
- 13.5. Pactiv Evergreen Inc.
- 13.6. Ferd
- 13.7. Greatview Aseptic Packaging Company
- 13.8. Liqui-Box
- 13.9. Onex Corporation
- 13.10. Reynolds
- LIST NOT EXHAUSTIVE
- 14. Appendix
- 14.1. About Us and Services
- 14.2. Contact Us
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