What is the global market size of Liquid Packaging Carton Market?

Liquid Packaging Carton Market size was valued at USD 19.3 billion in 2021 and is poised to grow from USD 20.42 billion in 2022 to USD 33.92 billion by 2030, growing at a CAGR of 5.8% in the forecast period (2023-2030).

Global Liquid Packaging Carton Market Size, Share, Growth Analysis, By Product(Brick Cartons, Gable top cartons), By Material(Uncoated paperboard, LDPE coated), By Opening type(Cut opening, Straw hole opening), By Application(Dairy products, Juice & Drinks) - Industry Forecast 2024-2031

Q: What is the key driver of Global Liquid Packaging Carton Market?

Liquid Packaging Carton Market Drivers.

Report ID: SQSG15H2007 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 121 | Figures: 77

Global Liquid Packaging Carton Market Dynamics

Liquid Packaging Carton Market Drivers
Consumer desires for convenience meals are projected to boost the expansion of the liquid packaging carton market in developing nations. Packaged food is fast gaining popularity among consumers due to rising disposable income preferences and a hectic lifestyle. Furthermore, growing urbanization and industrialization around the world are likely to fuel the growth of the liquid packaging cartons market. Growth in the packaging sector as a result of increased investment and rising demand for eco-friendly and convenient packaging solutions is projected to support the growth of the liquid packaging cartons market. Rising demand for simple recyclable liquid packaging solutions, combined with stringent government rules limiting the emissions of dangerous gases and greenhouse gases, is likely to fuel the growth of the liquid packaging cartons market throughout the forecast period.
Liquid Packaging Carton Market Restraint
Demand for liquid packaging cartons is projected to be hampered by consumers' preference for plastic containers for packaging liquid food products due to their ease of transportation and cost-effectiveness. High-density polyethylene and polyethylene terephthalate are popular plastics. Furthermore, plastic is lightweight, corrosion resistant, and has great thermal insulation qualities, all of which are likely to boost market growth throughout the projection period. The high cost of raw materials needed to make food packaging cartons is projected to limit demand for this product. This is projected to slow the growth of the liquid packaging carton industry.

Global Liquid Packaging Carton Market Report Snapshots

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Liquid Packaging Carton Market size was valued at USD 19.3 billion in 2019 and is poised to grow from USD 20.42 billion in 2023 to USD 33.92 billion by 2031, growing at a CAGR of 5.8% in the forecast period (2024-2031).

The global liquid packaging carton market is fragmented, with a prominent market player acquiring a sizable portion. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective and customized solutions 'Tetra Pak International S.A.', 'Elopak AS', 'SIG Combibloc Group AG', 'Evergreen Packaging LLC', 'Nippon Paper Industries Co. Ltd.', 'Refresco Group', 'Adam Pack S.A.', 'Stora Enso Oyj', 'Comar Inc.', 'Liqui-Box Corporation', 'Wayerhaeuser Company', 'Smurfit Kappa Group plc', 'Greatview Aseptic Packaging Co. Ltd.', 'TidePak Aseptic Packaging Material Co. Ltd.', 'Lami Packaging (Kunshan) Co. Ltd.', 'IPI S.r.l.', 'BillerudKorsnäs AB', 'Mondi plc', 'Bio-PAPPEL SAB de CV', 'KARTON S.p.A.'

Liquid Packaging Carton Market Drivers

Growing demand for large-size liquid packaging cartons is projected to boost the liquid packaging cartons market forward. Furthermore, the growing trend of shaped cartons as an advertising and promotional tool to increase brand awareness is likely to drive market expansion. Various companies are changing their focus to boosting the manufacture of shaped cartons in order to differentiate themselves from competition. This is projected to boost the market for liquid packaging cartons. Increased demand for ready-to-eat meals due to an increasing working population is predicted to fuel the growth of the liquid packaging cartons industry. Furthermore, the introduction of twist caps for liquid packaging cartons is another major trend observed in the liquid packaging market to provide consumers with easy handling and closure options. As a result, this trend is expected to boost the growth of the liquid packaging cartons market over the forecast period.

Based on region, global liquid packaging carton market is segmented into North America, Asia Pacific, Europe, Latin America, and Middle East Africa. The expansion of the liquid packing carton in North America is ascribed to factors such as increased consumer desire for ready-to-transport, convenient items and the carton's eco-friendliness. Asia Pacific is one of the fastest expanding regions in the global liquid packaging carton market. The primary factors driving market expansion are rise in population, an increase in disposable income, and sustained economic growth in Asia-Pacific. This packaging sector in Germany, which is dominant in liquid dairy goods, is fuelling the rise of the European liquid packaging carton market. With increased demand and spending trends, the Latin American market is likely to recover. The Middle East and Africa are predicted to grow rapidly due to key market drivers such as rising demand, technical advancements in the packaging sector, eco-friendly nature, and others.

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Global Liquid Packaging Carton Market Size, Share, Growth Analysis, By Product(Brick Cartons, Gable top cartons), By Material(Uncoated paperboard, LDPE coated), By Opening type(Cut opening, Straw hole opening), By Application(Dairy products, Juice & Drinks) - Industry Forecast 2024-2031

Global Liquid Packaging Carton Market Dynamics

Global Liquid Packaging Carton Market Report Snapshots

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What is the global market size of Liquid Packaging Carton Market?

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