In this report, Persistence Market Research (PMR) offers an 8-year forecast of the global liquid packaging cartons market between 2017 and 2025. In terms of value, the market is expected to expand at a CAGR of 5.6% during the forecast period. The study reveals market dynamics in five geographic regions along with market analysis for current market environment and future scenario during the forecast period.
This persistence market research report studies the global liquid packaging cartons market for the period 2017–2025. The prime objective of this report is to offer insights and key market trends pertaining to the global liquid packaging cartons that are gradually helping transform global businesses.
The global liquid packaging cartons report begins with the executive summary for various categories and their share in the liquid packaging cartons market. It is followed by market dynamics and overview of the global liquid packaging cartons, which includes PMR analysis of market drivers, restraints, and trends that are affecting growth of the liquid packaging cartons market. Furthermore, to understand the popularity of the market segment, the attractiveness index and BPS analysis with elaborated insights on the same is provided, which will show the market’s attractiveness based on factors such as CAGR and incremental opportunity. To show the performance of the liquid packaging cartons market in each country and region, BPS and Y-o-Y growth analysis is provided.
The global liquid packaging carton market is segmented by product type, opening type, material type, application and region. On the basis of product type, global liquid packaging carton market has been segmented into brick carton, gable top carton and shaped carton. On the basis of opening type, the market has been segmented into cut opening, straw hole opening, clip opening, twist opening and king twist opening. On the basis of material type, global liquid packaging carton market has been segmented into uncoated paperboard, LDPE coated and aluminium. On the basis of application, the market has been segmented into dairy products, wine & spirits, juice & drinks and other products. Furthermore, dairy products are sub-segmented into milk and yogurt & buttermilk. Moreover juice & drinks is also sub-segmented into fruit juice, tea, coconut water and carbonated soft drinks.
The next section of the report highlights the liquid packaging cartons, by region, and provides the market outlook for 2017–2025. The study investigates the Y-o-Y growth regionally, as well as analyses the drivers that influence the regional liquid packaging cartons market. Main regions assessed in this report include North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). The report evaluates the present scenario and growth prospects of the regional liquid packaging cartons market for 2017–2025.
To ascertain the market size in terms of value and volume, revenue generated by the key manufacturers and their respective production capacity is taken into consideration. The forecast presented here assesses the total revenue generated by value, across the liquid packaging cartons market. In order to provide an accurate forecast, we initiated by sizing up the current market, which forms the basis on how the liquid packaging cartons market is expected to develop in the future. In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market based on key parameters, such as year-on-year (Y-o-Y) growth rates, to understand the predictability of the liquid packaging cartons market and identify the right opportunities across the market.
The market segment for global liquid packaging cartons market have been analysed in terms of basis point share (BPS) to understand the individual segment’s relative contributions to market growth. This detailed level of information is important for identifying various key trends in the liquid packaging cartons market. Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. Absolute dollar opportunity is critical for evaluating the scope of opportunity that a provider can look to achieve, as well as to identify potential resources from a delivery perspective of the liquid packaging cartons market. The overall absolute dollar opportunity along with the segmental split is mentioned in the report.
To understand key growth segments in terms of growth and adoption for liquid packaging cartons globally, Persistence Market Research developed the liquid packaging cartons ‘Attractiveness Index.’ The resulting index should help providers identify real market opportunities.
In the final section of the report on liquid packaging cartons market, the ‘dashboard view’ of the companies is provided to compare the current industrial scenario and their contribution in total liquid packaging cartons market. Moreover, it is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment. Report audiences can gain segment-specific manufacturer insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the liquid packaging cartons marketplace.
Detailed profiles of companies are also included in the report to evaluate their strategies, key product offerings and recent developments. Key players operating in the global market for liquid packaging cartons market include Elopak Inc., Evergreen Packaging Inc., Tetra Pak Inc., SIG Combibloc GmbH, Weyerhaeuser Co., IPI s.r.l., Refresco Gerber N.V., Nippon Paper Industries Co., Ltd., TidePak Aseptic Packaging Material Co., Ltd & Adam Pack s.a.
By Product type
By Opening type
By Material type
Liquid packaging carton, also referred to as beverage carton, is used for safe storage and transportation of liquid products. Available in different sizes, shapes, and designs in the market, these liquid cartons are subjected to the need of respective liquid products and manufacturer’s branding strategy. The global liquid packaging cartons market was valued at around at US$ 13,286.7 Mn in 2017 and is expected to expand at CAGR of 5.6% during the forecast period (2017–2025).
Growing Consumer Preference for Recyclable and Ecofriendly Packaging Compels Beverage Producers to Introduce Novel Packaging Solutions
Cartons ensure longer shelf life of the product, minimal wastage, and convenience, which will remain one of the key reasons responsible for sustained liquid packaging carton sales on a global level. Factors such as recyclability and environmental friendliness of liquid packaging cartons have been observed to attract beverage producers to adopt innovative packaging materials in order to introduce novel packaging solutions to the global market for liquid packaging cartons. This factor will continue to fuel the demand for innovative packaging cartons in near future. Consumers worldwide are increasingly inclining towards recyclable, biodegradable, and ecofriendly packaging, which is likely to force beverage manufacturing companies to move away from conventional packaging solutions. Moreover, governmental support for products with low carbon foot print has also been identified to be a significant factor propelling the demand for liquid packaging cartons.
Brick Carton to Dominate by Barrier Type and Straw Hole to Lead by Opening
Based on barrier type, the market has been segmented into brick carton, gable top carton, and shaped carton. Brick carton segment accounted for a maximum revenue share of 57.8% market share in 2017, and is anticipated to continue dominance over the forecast period. On the basis of opening type, the market has been segmented into cut opening, straw hole opening, clip opening, twist opening, and king twist opening. By the end of 2025, straw hole opening segment is expected to remain dominant in terms of market value share, followed by twist opening, clip opening, and cut opening.
Uncoated Paperboard to Rule by Material Type and Application in Juice & Drinks to Prevail
By material type, the market has been segmented into uncoated paperboard, LDPE coated, and aluminium. Uncoated paperboard segment registered the highest market share of around 78% in 2017 and is expected to retain its dominance throughout the forecast period. On the basis of application, the market is categorised into dairy products, wine & spirits, juice & drinks, and other products. Dairy products is further sub segmented into milk and yogurt & butter milk. Juice & drinks segment, categorised into fruit juice, tea, coconut water, and carbonated soft drinks, is foreseen to remain dominant, followed by dairy products. Wine & spirits will represent the most lucrative application segment.
Key Regional Analysis Indicates Dominance of Europe Closely Trailed by North America
In this report, the global liquid packaging cartons market has been segmented into five key regions: North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). Globally, in terms of revenue, European market accounted for the highest share in liquid packaging cartons market in 2017, closely followed by North America. APAC is expected to expand at a significant CAGR during the forecast period. Consumption of liquid packaging cartons in Asia Pacific is expected to increase by 1.6X during the forecast period. India and China are likely to continue dominance owing to substantial consumption of liquid packaging cartons and presence of a majority of leading manufacturers in the region. Apart from domestic consumption, these Asian countries also account for a significant share in global liquid packaging exports. Australia, France and ASEAN countries constitute the prominent markets, which import liquid packaging cartons from China and India.
Some of the key players in the global liquid packaging cartons market that are covered in this report are Elopak Inc., Evergreen Packaging Inc., Tetra Pak Inc, SIG Combibloc GmbH, Weyerhaeuser Co., IPI s.r.l., Refresco Gerber N.V., Nippon Paper Industries Co., Ltd., TidePak Aseptic Packaging Material Co., Ltd & Adam Pack s.a.