Press release
Liquid Packaging Cartons Market Statistics, Development and Growth 2021-Elopak AS, Evergreen Packaging LLC, Greatview Aseptic Packaging Co. Ltd
Liquid Packaging Cartons Market by Component, Application, Services, and Region- Forecast to 2026The Global Liquid Packaging Cartons Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Liquid Packaging Cartons business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Liquid Packaging Cartons worth chain and its wholesaler examination. Liquid Packaging Cartons Market study gives extensive information which upgrades the agreement, degree, and use of this report.
The liquid packaging carton market was valued at USD 10.03 billion in 2020 and is expected to reach a value of USD 12.01 billion by 2026 and grow at a CAGR of 3.06% over the forecast period (2021-2026).
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Top Leading Companies of Liquid Packaging Cartons Market are Elopak AS, Evergreen Packaging LLC, Greatview Aseptic Packaging Co. Ltd, Mondi PLC, Refresco Group N.V., SIG Global Pte. Ltd, Tetra Laval International SA, Nippon Paper Industries Co. Ltd, IPI S.r.l and others.
Industry News And Updates on Liquid Packaging Cartons Market-
Asia-Pacific is Expected to Witness the Highest Growth
- The population of China and India dominates Asia-Pacific, and these two countries are witnessing an increase in disposable income and the constant growth rate. According to the National Bureau of Statistics of China, cow's milk production volume accounted for 32.01 million metric tons in 2019. India is the most significant contributor to milk production globally, with its volume reaching 187.7 metric tons in 2019 compared to 176.3 metric tons in 2018. All these factors would supplement the growth of the liquid packaging carton market in the region.
- SIG has reached an agreement to acquire Visy Cartons Pty Ltd from VisyPak Operations Pty Ltd, a subsidiary of Pratt Consolidated Holdings Pty Ltd, for AUD 70 million. The overall Australia and New Zealand market for aseptic beverage cartons is projected to grow at around 3% CAGR over the next five years, driven mainly by investments in dairies for the export of aseptic milk to China and other Asian countries.
Key Market Trends Liquid Packaging Cartons Market-
Milk is Expected to Hold Major Share
- Millennials who seek out products that are healthy and all-natural finds milk as an attractive option. Numerous research studies have demonstrated that milk offers health benefits, from combatting diabetes to optimizing bone health and for healthy brain functioning. Milk is counted among the essential staple foods, which is an integral part of a balanced diet and contains, among other vital nutrients, a high percentage of calcium. In 2019, worldwide milk production amounted to about 513.22 million metric tons. Among the primary producers, the United States was ranked second with a milk production amounting to over 98.8 million metric tons in 2018.
- Carton packaging has traditionally been associated with milk, as it protects food and is also good for the environment. Paperboard is one of the commonly used materials for making cartons for milk packaging.
Competitive Landscape On Liquid Packaging Cartons Market-
April 2020 - Aluminium Stewardship Initiative (ASI) announced that IPI S.r.l. has been certified against the ASI Performance Standard with a focus on material stewardship for its aseptic packaging production operations. The company's carton packs made of paper fiber from certified, responsible sources include an ultra-thin barrier layer of aluminum foil. IPI strongly supports ASI's commitment to promoting the responsible production, sourcing, and stewardship of aluminum.
- October 2019 - SIG has launched a carton pack combi style to meet the changing needs of the customers. Designed to guarantee on-shelf differentiation, the combi style features a new shaped corner with a safe grip with more functionality and convenience. According to the company, the existing filling machines can be modified to combi style with low investment. The upgraded lines will also be able to fill the original packs combiblocMidi and combifitMidi. This means, three carton formats can now be filled on a single line.
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-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Liquid Packaging Cartons in to ultimately get accurate results.
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