Liquid Packaging Carton Market Size, Share, Demand & Trends Analysis Report by 2032

Liquid Packaging Carton Market Insights

According to Zion Market Research, the global Liquid Packaging Carton Market was worth USD 11.78 Billion in 2023. The market is forecast to reach USD 18.12 Billion by 2032, growing at a compound annual growth rate (CAGR) of 4.9% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Liquid Packaging Carton Market industry over the next decade.

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Global Liquid Packaging Carton Market: Overview

The growing product application in the food and beverage (F&B) industry to ensure safe and efficient transportation is boosting the market growth. Furthermore, the rising demand for cost-effective packaging solutions that offer economical production, storage, and transportation are acting as another growth-inducing factor. Apart from this, the increasing product adoption owing to the evolving consumer lifestyle and rising preference for convenient, ready-to-drink (RTD) beverages is positively influencing the market growth. Moreover, the widespread product utilization to extend the shelf life of fresh juices and dairy alternatives without preservatives is strengthening the market growth. Along with this, the rapid expansion of the e-commerce industry, which necessitates robust and versatile packaging solutions, is supporting the market growth. In addition, the increasing number of supermarkets and hypermarkets, which require visually appealing and efficient packaging, is favoring the market growth.

Liquid packaging cartons are containers that allow liquid goods to be transported and stored safely, as well as provide personalised packaging based on the marketing needs of manufacturers.

Manufacturers favour these cartons because of their comfort, manoeuvrability, recyclability, and environmental friendliness. They are specially designed to transport liquids like milk and dairy products, liquid food products, packaged water, juices, and soft drinks.

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Global Liquid Packaging Carton Market: Growth Factors

The increase in demand for packaged food and beverages, ease in carrying and transportation, packaging innovation, and the reusable nature of cartons are all contributing to the growth of liquid packaging carton industry. Moreover, due to an increase in demand for nutritious and packaged water, the food and beverage market in Asia-Pacific has witnessed a remarkable growth. Furthermore, the rise in consumption of soft drinks is expected to fuel the demand for liquid carton packaging over the forecast period.

However, the growth in demand for glass packaging and the availability of replacements for liquid packaging cartons are stifling the market's expansion. On the contrary, product development in the liquid packaging industry offers a lucrative business opportunity for liquid packaging carton during the forecast era. The shift in the dynamic growth of the food and beverage industry and the complex growth dimensions of the retail sector have changed the way goods are packaged in recent years. In January 2018, METSÄ BOARD unveiled a ground-breaking eco-barrier paperboard offering non-plastic packaging brands with barrier properties. These factors are contributing to the growth of liquid packaging carton market.

There are many opportunities for the liquid carton packaging industry to expand. Innovation in packaging technology is the secret to the potential growth of the industry. As the market caters to Fast-Moving Consumer Goods (FMCG), packaging attractiveness and differentiation are the main attributes that determine the appeal of a brand and push the customer towards a particular product. The demands of both brand owners and customers need to be met in terms of packaging differentiation and functionality, food safety and cost-effective packaging efficiency and reliability.

Some of the functional expectations of brand owners are logistical advantages, quick pouring and drinking experience for consumers and specialized opening strategies for elderly consumers. These financial opportunities include the recycling of cartons, the use of recycled materials and machinery that consumes less energy and produces less waste.

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Global Liquid Packaging Carton Market: Segmentation

The brick liquid carton module is heavily influenced by shifting customer tastes. Other important factors driving the segment include growing consumer understanding of health and wellbeing, increasing disposable income and buying power, and urbanisation. Eco friendliness, durability of goods, the proliferation of e-commerce companies, the availability of a range of sizes, branding and marketing approaches are other key factors driving the growth of the sector. There has also been a growing trend in the use of aseptic packaging globally which has a major effect on this industry.

These factors have contributed to a dramatic rise in the global demand for liquid brick carton. The challenge faced by the brick liquid carton is to limit the use of plastic. Brick liquid cartons are also not appropriate for alcoholic beverages and beer. Resolving such problems would certainly prove beneficial to the producers of brick liquid cartons. Another significant factor driving the demand for brick liquid carton is the longer shelf life of the commodity.

The shaped liquid cartons sector is anticipated to see a promising growth in the coming years in the context of the growing global beverage industry and the growing demand for recyclable and environmentally friendly shaped liquid cartons in the end-use industries.

On the basis of shelf life, the long shelf-life carton module is projected to grow at a fastest rate due to its higher usage in liquid and dairy food products that are easily spoiled in the absence of managed storage temperature. These cartons are made using aluminium, paperboard, and polyethylene. The shelf life varies from three months to a year before it is exposed.

Liquid Packaging Carton Market: Report Scope

Global Liquid Packaging Carton Market: Regional Analysis

By Geography, the liquid packaging carton market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa.

North America is the largest market for liquid carton packaging and is expected to remain the leading market in the projected timeframe followed by Western Europe due to high demand for packaged drinks and high per capita income in the region. However, the region is expected to have a marginal growth rate over the projected period as the demand in the region is stagnating.

Asia-Pacific and Latin America are expected to show substantial CAGR over the projected period. This rise is due to growing buying power, increasing demand for packaged food & beverages and an expanding population in the region. India, China and Brazil are the leading markets in Asia-Pacific and Latin America, which are projected to have the fastest growth rate.

Global Liquid Packaging Carton Market: Competitive Players

Some of the leading players in the global market inlcude

• Elopak
• Tetra Laval
• Wayerhaeuser Company
• IPI Srl
• Amcor Limited
• Comar Inc.
• Tetra Pak International S.A.
• Uflex Ltd.
• TriWall Ltd.
• Liqui-Box Corporation
• Agropur Inc.
• SIG Combibloc
• International Paper
• Refresco Group N.V.
• Reynolds Group Holdings Limited
• Stora Enso
• NIPPON PAPER INDUSTRIES CO. LTD.
• Sun Packaging CO S.A.O.C.
• MoloPak Co.

The report segment of global liquid packaging carton market are as follows:

Global Liquid Packaging Carton Market: Carton Type Segment Analysis

• Brick Liquid Carton
• Shaped Liquid Carton
• Gable Top Carton

Global Liquid Packaging Carton Market: Shelf-Life Segment Analysis

• Long Shelf-Life Carton
• Short Shelf-Life Carton

Global Liquid Packaging Carton Market: End-User Segment Analysis

• Liquid Dairy Products
• Liquid Food
• Non-Carbonated Soft Drinks
• Alcoholic Beverages

Global Liquid Packaging Carton Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa