Apr 25, 2023   SOURCE: BusinessWire

Global Liquid Packaging Carton Market is Expected to Reach $20.7 Billion by 2028: Players Include BillerudKorsnas, Smurfit Kappa, Liqui-Box, ELOPAK and Adam Pack - ResearchAndMarkets.com

The "Global Liquid Packaging Carton Market Size, Share, Growth Analysis, By Product, By Material, By Opening type, By Application - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The global liquid packaging carton market was valued at USD 15.90 billion in 2021 and it is expected to reach at USD 20.72 billion by 2028, with CAGR of 4.3% over the forecast period (2022-2028).

Companies Mentioned

  • SIG Combibloc Group Ltd
  • NIPPON PAPER INDUSTRIES CO. LTD
  • Uflex Limited
  • Reynolds
  • Gapack
  • Tetra Laval International S.A
  • BillerudKorsnas
  • Smurfit Kappa
  • Liqui-Box
  • ELOPAK
  • Adam Pack S.A
  • Evergreen Packaging LLC
  • Klabin S.A
  • Refresco Group
  • Assemblies Unlimited, Inc
  • Weyerhaeuser
  • Comar LLC
  • Tri-Wall Limited

To ensure proper preservation, convenience, and other advantages including damage protection, liquid packaging cartons are generally used to package dairy products and drinks. Typically, they are constructed from plastic, aluminium, and paperboard. These packaging options make it simple and safe to transport liquid food products like juices and soft drinks. They shield the liquid food product from dangers and contaminants as well.

Due to its many benefits, including ease of use, recyclability, manoeuvrability, and environmental friendliness, these are highly sought after by manufacturers. According to the application, they are readily available in a range of shapes and sizes, and they are also straightforward to produce as required.

Increasing environmental concerns about the use of plastic packaging, the ability of carton packs to be recycled, and the practicality of glass packaging are a few of the elements that will propel the growth of the liquid packaging carton market in the coming years. Yet, the prevalence of plastic packaging as a substitute for carton packaging may restrain market expansion.

High density polyethylene (HDPE) and polyethylene terephthalate are the main competitors for liquid packing cartons (PET). Demographics, economy, and sustainability are a few of the factors that will control the market. Innovative packaging techniques and the use of renewable resources may present the industry with a variety of lucrative prospective options.

Segments covered in this report

Global liquid packaging carton market is segmented based on product, material, opening type, application, and region. Based on product, market is segmented into brick cartons, gable top cartons, shaped cartons. Based on material, market is segmented into uncoated paperboard, LDPE coated, aluminium.

Based on opening type market is segmented as cut opening, straw hole opening, clip opening, twist opening, king twist opening. Based on application, market is segmented as dairy products, juice & drinks, industrials & institutional, other products. Based on region, market is segmented into North America, Asia Pacific, Europe, Latin America and Middle East Africa.

Drivers

The market for liquid packaging cartons in emerging countries is anticipated to grow as a result of consumer demands for convenient meals. Due to consumer preferences for packaged food and a busy lifestyle, packaged food is quickly gaining appeal among consumers.

Also, the market for liquid packing cartons is projected to expand due to the global urbanisation and industrialization that are occurring. Liquid packaging cartons market expansion is anticipated to be supported by growth in the packaging industry as a consequence of rising investment and need for eco-friendly and practical packaging solutions.

Liquid packaging cartons sales are anticipated to expand over the course of the projection period due to rising consumer demand for straightforward recyclable liquid packaging options and strict government regulations restricting greenhouse gas and hazardous gas emissions.

Restraint

The preference of customers for plastic containers for packaging liquid food products due to their affordability and ease of transportation is predicted to limit the need for liquid packaging cartons. Popular polymers include high-density polyethylene and polyethylene terephthalate.

Moreover, the lightweight, corrosion-resistance, and excellent thermal insulation properties of plastic are projected to boost market expansion over the course of the forecast period. It is anticipated that demand for this product will be constrained by the high cost of raw materials required to create food packaging cartons. The industry for liquid packing cartons is expected to grow more slowly as a result.

Market Trends

The market for large-size liquid packing cartons is anticipated to grow as a result of rising demand. Moreover, market expansion is probably driven by the growing trend of using shaped cartons as an advertising and promotional tool to raise brand awareness.

Many businesses are shifting their priorities to increase the production of shaped cartons in order to stand out from the competition. The market for liquid packing cartons is anticipated to increase as a result. The business for liquid packing cartons is expected to increase as a result of rising demand for ready-to-eat meals brought on by a growing working population.

Another significant trend in the liquid packaging industry is the introduction of twist closures for liquid packaging cartons, which gives consumers more alternatives for simple handling and sealing. Because of this, it is anticipated that over the course of the projection period, the market for liquid packaging cartons would rise more quickly.

For more information about this report visit https://www.researchandmarkets.com/r/ewa63p

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