Global Liquid Packaging Carton Market to Reach $19 Billion by 2024

 

According to the latest market report published by Persistence Market Research, New York, N.Y., USA, titled Global Market Study on Liquid Packaging Cartons Market: One Third of Beverage Producers in Europe Procure Liquid Packaging Cartons from Asian Manufacturers, which is likely to Increase over the forecast period globally, the revenue generated from sales of liquid packaging cartons has been estimated to reach more than $12 billion by the end of 2016, and is projected to increase at a CAGR of 5.5% during 2016-2024.   

Liquid Packaging Cartons are primarily made up of uncoated paperboard with a barrier coating. There are two types of barrier coating--LDPE coated (used to ensure a barrier against moisture) and  other external and aluminum (used for UV light, odor, and gas barrier). These liquid packaging cartons are used for storage and safe transportation of liquid products. Moreover, they are available in different size, shapes, and designs according to the need of a liquid product manufacturer. 

One of the primary drivers for the growth of liquid packaging carton is the eco-friendly and recyclable properties of liquid packaging carton. Furthermore, the rising demand for packaged foods and beverages is also expected to increase the consumption of liquid packaging carton.

A sample report can be viewed online. 

Gable top cartons are expected to be the growing product type segment due to the wide consumption of dairy products, particularly milk. Adding to the product type segment, demand for shaped cartons is anticipated to increase due to the differentiating factor that the carton possesses. Moreover, the need for a  re-closable feature has driven demand for the twist opening segment in the liquid packaging cartons market, whereas the straw hole opening segment in the liquid packaging carton is expected to be the attractive market due to its availability in small size packs. The demand for aluminum in the liquid packaging carton is also anticipated to increase due to the increasing consumption of processed milk. According to the application type, wine and spirits are expected to witness the highest CAGR during the forecast period of 2016-2024.

Europe is likely to dominate the liquid packaging carton market, but demand is anticipated to shrink, which is forecast to lose 220 BPS during the next five to six years against Asia Pacific. Asian markets are well positioned to gain advantage in the manufacturing epicenter of the globe, where demand for liquid packaging cartons is forecast to expand by 170 BPS by the end of 2024. Annual growth in the Asia Pacific market is also slated to remain impressive at more than 6% during the forecast period, translating into 1.6X growth between 2016 and 2024.

 

 TOC (content material), Figures, and Tables  in the report can be requested online.