Liquid Packaging Carton Market Growth Factors, Investment Analysis, Applications And Uses 2023
Liquid Packaging Carton Market Overview:
The liquid packaging carton market (S'ouvre dans une nouvelle fenêtre) refers to the global industry involved in the manufacturing, distribution, and sale of cartons specifically designed for holding liquid products. These cartons are typically made from multi-layered paperboard, often with plastic or aluminium barriers for protection and shelf life. This market has witnessed steady growth in recent years, reaching an estimated value of USD 21,012.42 million in 2023 and projected to reach USD 31,327.76 million by 2031, at a CAGR of 5.1%.
Liquid Packaging Carton Market Segmentation:
By Material Type: Uncoated Paperboard, LDPE Coated, Aluminium, and Others
By Carton Type: Brick Liquid Cartons, Shaped Liquid Cartons, and Gable Top Cartons
By Application: Dairy Products, Non-Carbonated Soft Drinks, Alcoholic Drinks, and Others
By Region: North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Liquid Packaging Carton Market Key Players:
Elopak AS
Nippon Paper Industries Co. Ltd
Greatview Aseptic Packaging
Refresco Group B.V.
Evergreen Packaging LLC
Adam Pack S.A
WestRock Company
Stora Enso
Atlas Packaging
Liquid Packaging Carton Market Drivers:
Rising disposable incomes: Growing economies, particularly in developing regions like Asia-Pacific and Latin America, are leading to increased spending power, boosting the liquid Packaging Carton demand.
Convenience and portability: Liquid packaging cartons offer a convenient and portable way to consume beverages and other liquid products, making them ideal for on-the-go consumption.
Versatility: Liquid packaging cartons can be customized in various shapes, sizes, and designs, catering to diverse product requirements and brand preferences.
Branding and marketing: Eye-catching graphics and printing capabilities on cartons allow for effective brand communication and marketing strategies.
Sustainability: The eco-friendly nature of liquid packaging cartons, coupled with growing consumer awareness about plastic pollution, is driving their adoption over traditional plastic packaging.
Liquid Packaging Carton Market Regional Analysis:
The liquid packaging carton market regional analysis (S'ouvre dans une nouvelle fenêtre) based on various factors, including:
Asia Pacific: The fastest-growing region, driven by rising disposable incomes and urbanization, particularly in China and India.
North America: A mature market with steady growth, focusing on premiumization, sustainability, and convenience features.
Europe: A well-established market with emphasis on environmental regulations and technological advancements.
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