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)..
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- Elopak Inc.
- Adam Pack s.a.
- Evergreen Packaging Inc.
- IPI s.r.l.
- Refresco Gerber N.V.
- SIG Combibloc GmbH
- Tetra Pak Inc.
- Weyerhaeuser Company
- Nippon Paper industries Co., Ltd
- TidePak Aseptic Packaging Material Co., Ltd
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.
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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.
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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 foreca
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.
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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.
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