Liquid Packaging Carton Market Share, Growth Analysis And Revenue Forecast 2023 To 2032

Allied Market Research has released a report titled "Liquid Packaging Carton Market by Carton Type, Shelf Life, End Use: Global Opportunity Analysis and Industry Forecast, 2023-2032," stating that the liquid packaging carton market reached $19.8 billion in 2022 and is projected to hit $32.7 billion by 2032, with a CAGR of 5.2% from 2023 to 2032.

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Market Dynamics:

The increased awareness of environmental issues has driven the demand for sustainable packaging solutions, with liquid packaging cartons being perceived as more eco-friendly compared to plastic bottles or cans. However, production and material costs of liquid packaging cartons may impact competitiveness in certain markets. Nevertheless, the growing global emphasis on sustainability presents significant opportunities for liquid packaging cartons.

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Market Segmentation and Forecast:

Carton Type: Brick liquid cartons held the largest market share in 2022 and are projected to maintain dominance through 2032. Gable top cartons are expected to grow at the highest CAGR of 5.4% from 2023 to 2032 due to their convenience in pouring and reclosing.

Shelf Life: Long shelf life cartons held the highest market share in 2022 and are anticipated to maintain dominance through 2032. They are also expected to grow at the highest CAGR of 5.3% from 2023 to 2032.

End Use: Liquid dairy products held the highest market share in 2022 and are projected to maintain dominance through 2032. However, liquid foods are expected to grow at the highest CAGR of 5.9% from 2023 to 2032.

Region: Asia-Pacific led the market in 2022 and is projected to maintain dominance through 2032, with the highest CAGR of 5.5% from 2023 to 2032.

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Leading Market Players:

Key players in the global liquid packaging carton market include NIPPON PAPER INDUSTRIES CO., LTD., ADAM PACK S.A., TETRA LAVAL GROUP, GREATVIEW ASEPTIC PACKAGING, ELOPAK, WESTROCK COMPANY, STORA ENSO, ATLAS PACKAGING, ITC LIMITED, and REFRESCO GROUP.

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