The latest research study by IMARC Group, “Liquid Packaging Cartons Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global liquid packaging cartons market share. The global liquid packaging cartons market reached a value of US$ 11.45 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 15.3 Billion by 2027, exhibiting a CAGR of 4.70% during 2022-2027.
Liquid Packaging Cartons Industry Outlook:
Liquid packaging cartons refer to rigid, multi-ply paperboard containers commonly used for the packaging and safe delivery of numerous food and beverage products. They are versatile, lightweight, recyclable, affordable, and environmentally friendly. They ensure content preservation and protection from external pollutants to prolong product shelf life. Currently, liquid packaging cartons are commonly available in different types, including shaped, brick, and gable top liquid packaging cartons across the globe.
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The global liquid packaging cartons market is primarily driven by the rising product adoption in the food and beverages (F&B) sector for tracking, preserving, and ensuring safe storage and transportation of fast-moving consumer goods (FMCG). Moreover, the shifting consumer inclination toward healthy, ready-to-eat (RTE), on-the-go drinks and dietary supplements due to hectic working schedules and rising health consciousness is positively influencing the market growth.
Apart from this, several key players are adopting innovative market strategies, such as customized packaging with enhanced visual appeal, thereby propelling market growth. Additionally, the development of environmentally friendly liquid packing cartons owing to rising environmental consciousness has catalyzed market growth.
Furthermore, several favorable initiatives by governments of numerous countries to promote sustainable and recyclable packaging solutions are contributing to market growth. Other factors, including ongoing research and development (R&D) activities, rapid expansion in the F&B industry, surging demand for soft drinks, and innovations in liquid packaging, are also anticipated to drive the market further.
|Liquid Packaging Cartons Market Report Scope|
|Market size value in 2021||US$ 11.45 Billion|
|Market forecast in 2027||US$ 15.3 Billion|
|Growth Rate||CAGR of 4.70% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Segments covered||Carton Type, Packaging Type, Shelf Life, End User and Region|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has been segmented the market into following categories:
Breakup by Carton Type:
- Brick Liquid Cartons
- Shaped Liquid Cartons
- Gable Top Cartons
Breakup by Packaging Type:
- Flexible Liquid Packaging
- Rigid Liquid Packaging
Breakup by Shelf Life:
- Long Shelf Life Cartons
- Short Shelf Life Cartons
Breakup by End User:
- Liquid Dairy Products
- Non-Carbonated Soft Drinks
- Liquid Foods
- Alcoholic Beverages
Breakup by Geography:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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List of Key Companies Covered in this Market Report:
The major players in the market are Adam Pack S.A., BillerudKorsnäs AB, Elopak, Greatview Aseptic Packaging Co. Ltd., IPI s.r.l. (Coesia S.p.A.), Mondi plc, Nippon Paper Industries Co. Ltd., Pactiv Evergreen Inc., SIG Combibloc Group Ltd., Smurfit Kappa Group plc, Tetra Laval Group and Uflex Limited.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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