Press release
Liquid Packaging Cartons Market Size Worth US$ 16.0 Billion by 2028 | CAGR: 4.5%: IMARC Group
According to IMARC Group, the global liquid packaging cartons market size reached US$ 12.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 16.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028The report has segmented the market by region, carton type, packaging type, shelf life and end user.
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Factors Affecting the Growth of the Liquid Packaging Cartons Industry:
• Rising Environmental Concerns:
The escalating demand for sustainable liquid packaging cartons to reduce carbon footprint and maintain a greener environment is offering a positive market outlook. In addition, liquid packaging cartons are made from paperboard, which is a renewable resource. Moreover, its production has a lower carbon emission as compared to other packaging materials like plastic or glass, which is impelling the market growth. Apart from this, these cartons are recyclable, which makes them an attractive option for companies aiming to demonstrate their commitment to sustainability.
• Increasing Preferences for Enhanced Convenience:
The growing demand for liquid packaging cartons due to rising preferences for enhanced convenience among people is positively influencing the market. In addition, people are increasingly seeking cost-effective and convenient packaging solutions on account of their fast-paced lifestyle. Liquid cartons have a resealable design that ensures that liquids remain fresh, reduce waste, and preserve product quality. Apart from this, they are lightweight and easy to carry, making them suitable for on-the-go consumption. Furthermore, the increasing adoption of liquid packaging cartons, as they reduce the risk of spills, is strengthening the market growth.
• Growing Health Consciousness Among People:
Consumers are increasingly becoming health-conscious and are actively seeking healthier alternatives to traditional products. They are purchasing various food and beverage (F&B) products that offer enhanced nutritional value. Apart from this, the rising adoption of liquid packaging cartons, as they provide a secure and hygienic environment for products that cater to specific dietary needs, such as lactose-free or vegan options, is contributing to the growth of the market. In addition, liquid cartons often feature informative labeling that highlights nutritional benefits, further attracting health-conscious consumers.
Liquid Packaging Cartons Market Report Segmentation:
By Carton Type:
• Brick Liquid Cartons
• Shaped Liquid Cartons
• Gable Top Cartons
Brick liquid cartons represented the largest segment as they help to reduce transportation costs and enhance overall logistics efficiency.
By Packaging Type:
• Flexible Liquid Packaging
• Rigid Liquid Packaging
On the basis of packaging type, the market has been bifurcated into flexible liquid packaging and rigid liquid packaging.
By Shelf Life:
• Long Shelf Life Cartons
• Short Shelf Life Cartons
Long shelf life cartons accounted for the largest market share due to the rising need to preserve the quality of the liquid content.
By End User:
• Liquid Dairy Products
• Non-Carbonated Soft Drinks
• Liquid Foods
• Alcoholic Beverages
Liquid dairy products hold the biggest market share as they are used to preserve perishable goods.
Regional Insights:
• North America
o United States
o Canada
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
• Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Others
• Latin America
o Brazil
o Mexico
o Others
• Middle East and Africa
Europe enjoys the leading position in the liquid packaging cartons market on account of the increasing focus on environmental sustainability.
Global Liquid Packaging Cartons Market Trends:
Innovations in materials, printing techniques, and sealing technologies in liquid packaging cartons aid in improving the performance and appeal of liquid cartons. These advancements enhance the shelf-life of packaged products, ensure tamper resistance, and maintain product quality, which, in turn, makes liquid cartons a preferred choice for manufacturers looking to meet consumer demand for quality and safety.
Key players are introducing liquid packaging cartons with attractive graphics, informative labelling, and unique shapes, to enhance the visual appeal of their products. These customizations assist in creating brand visibility, which is bolstering the market growth.
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Leading Companies Operating in the Global Liquid Packaging Cartons Industry:
• Adam Pack S.A.
• Billerud AB
• Elopak
• Greatview Aseptic Packaging Co. Ltd.
• IPI s.r.l. (Coesia S.p.A.)
• Mondi plc
• Nippon Paper Industries Co. Ltd.
• Pactiv Evergreen Inc.
• SIG Combibloc Group Ltd. (Reynolds Group Holdings)
• Smurfit Kappa Group plc
• Tetra Laval Group
• Uflex Limited. etc.
Other Key Points Covered in the Report:
• COVID-19 Impact
• Porters Five Forces Analysis
• Value Chain Analysis
• Strategic Recommendations
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https://www.digitaljournal.com/pr/news/imarc/specialty-films-market-report-2023-2028-size-share-trends-industry-report
Contact Us:
IMARC Services Private Limited.
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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