Global Liquid Packaging Carton Market growing at a CAGR of 5.1% from 2023 to 2031
Category : Materials And Chemicals | Published Date : Sep 2023
Key Market Overview
Consegic Business Intelligence analyzes that the liquid packaging carton market is predicted to grow at a compound annual growth rate of 5.1% from 2023 to 2031 and is expected to reach USD 31,327.76 million in 2031 and USD 21,012.42 million in 2023 which was valued at USD 20,110.00 million in 2022.
The report highlights the increasing demand from the food and beverage industry, which is augmenting the global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the liquid packaging carton market.
Global Liquid Packaging Carton Market By Overview
The liquid packaging carton market is bifurcated into material type, carton type, and application. Based on material type, the market is segmented into uncoated paperboard, LDPE coated, aluminum, and others. In 2022, the uncoated paperboard segment dominated the overall liquid packaging carton market. Based on carton type, the market is segmented into brick liquid cartons, shaped liquid cartons, and gable top cartons. In 2022, the brick liquid cartons segment dominated the overall liquid packaging carton market. Based on application, the market is segmented into dairy products, non-carbonated soft drinks, alcoholic drinks, and others. In 2022, the dairy products segment dominated the overall liquid packaging carton market.
Get Free SampleMarket Dynamics
Driver:
- Increasing demand from food and beverage industry is boosting the market growth.
- Growing demand for eco-friendly packaging is driving the market growth.
Restraints:
- Stiff competition from the substitutes is hampering the market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Material Type | Uncoated Paperboard, LDPE Coated, Aluminum, and Others |
| By Carton Type | Brick Liquid Cartons, Shaped Liquid Cartons, and Gable Top Cartons |
| By Application | Dairy Products, Non-Carbonated Soft Drinks, Alcoholic Drinks, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Elopak AS, Nippon Paper Industries Co., Ltd, and Greatview Aseptic Packaging, which have a strong market position in the current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions. Furthermore, the liquid packaging carton market is expected to witness substantial growth in the coming years due to rapid technological advancements in manufacturing and design of the products in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Elopak AS
- Nippon Paper Industries Co., Ltd
- Greatview Aseptic Packaging
- Refresco Group B.V.
- Evergreen Packaging LLC
- Mondi plc
- Adam Pack S.A
- WestRock Company
- Stora Enso
- Atlas Packaging