Market Size of Liquid Packaging Cartons Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 12.54 Billion |
Market Size (2029) | USD 15.92 Billion |
CAGR (2024 - 2029) | 4.90 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Europe |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Liquid Packaging Cartons Market Analysis
The Liquid Packaging Cartons Market size is estimated at USD 12.54 billion in 2024, and is expected to reach USD 15.92 billion by 2029, growing at a CAGR of 4.90% during the forecast period (2024-2029).
Liquid packing cartons ensure content security and protection from outside pollutants, extending the product's shelf life. Both edible liquids, such as dairy goods, fruit juices, tomato sauce, soft drinks, and water, and non-edible liquids, like oils, fuels, and cleansers, are packaged in cartons.
- The need for packaged liquid products is driven by the quick urbanization of developing countries, fostering market expansion. In addition, rising consumer expenditure and higher disposable income fuel the growth of the liquid packaging cartons market.
- The industry is expanding by introducing ecologically friendly liquid packing cartons due to growing environmental awareness. This trend is further supported by favorable policies by governments from various nations to promote the use of recyclable and eco-friendly packaging choices, speeding up market expansion.
- Fruit juice is a beverage category that is expanding quickly, yet the majority of these juices are susceptible to oxidation. Vitamins are lost during oxidation, and flavor and appearance also undergo unfavorable modifications. These undesirable quality changes frequently occur during the fluid's processing, packaging, transportation, or storage. Liquid carton expansion is impacted by new package design advancements brought on by the requirement for quality control.
- The demand for liquid packaging cartons will likely be hampered by the increased preference for plastic containers for packaging liquid food products due to their ease of transportation and cost-effective benefits.
- With the COVID-19 outbreak, the liquid packaging cartons market saw slow growth due to lockdowns being imposed across the world, which disrupted the supply chains and led to the closure of production plants.
Liquid Packaging Cartons Industry Segmentation
Liquid packaging cartons are containers that enable safe transportation and storage of liquid products and customized packaging based on the marketing requirements of manufacturers.
The Liquid Packaging Cartons Market is Segmented by Liquid Type (Milk, Juices, and Energy Drinks) and Geography (North America (United States and Canada), Europe (Germany, United Kingdom, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, Australia & New Zealand, and the Rest of Asia-Pacific), Latin America (Brazil, Argentina, Mexico, and the Rest of Latin America), and Middle East and Africa (United Arab Emirates, Saudi Arabia, and the Rest of Middle East & Africa)). The market sizes and forecasts are provided in terms of value (USD billion) for all the segments.
By Liquid Type | |
Milk | |
Juices | |
Energy Drinks | |
Other Liquid Types |
By Geography | |||||||
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Liquid Packaging Cartons Market Size Summary
The liquid packaging cartons market is poised for significant growth, driven by the increasing demand for secure and environmentally friendly packaging solutions. These cartons are essential for preserving the quality and extending the shelf life of both edible and non-edible liquids, including dairy products, fruit juices, and fuels. The market's expansion is fueled by rapid urbanization in developing regions, rising consumer spending, and a growing preference for sustainable packaging options. The industry is witnessing a shift towards eco-friendly materials, supported by government policies promoting recyclable packaging. However, the market faces challenges from the rising preference for plastic containers, which offer convenience and cost benefits.
In the Asia-Pacific region, the liquid packaging cartons market is experiencing robust growth, bolstered by the entry of leading beverage companies and the increasing consumption of packaged beverages among millennials. The region's focus on sustainability and technological advancements in packaging is driving the adoption of paperboard cartons over traditional rigid options. The market is characterized by a fragmented landscape with key players like Elopak, Evergreen Packaging LLC, and SIG Global Pte. Ltd., alongside local companies. Strategic collaborations and acquisitions are expected to further propel market growth, as companies seek to enhance their offerings and expand their geographical presence. The demand for liquid packaging cartons is also supported by favorable government initiatives aimed at reducing carbon footprints and promoting sustainable packaging solutions.
Liquid Packaging Cartons Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 By Liquid Type
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2.1.1 Milk
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2.1.2 Juices
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2.1.3 Energy Drinks
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2.1.4 Other Liquid Types
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2.2 By Geography
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2.2.1 North America
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2.2.1.1 United States
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2.2.1.2 Canada
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2.2.2 Europe
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2.2.2.1 France
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2.2.2.2 United Kingdom
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2.2.2.3 Germany
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2.2.2.4 Rest of Europe
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2.2.3 Asia Pacific
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2.2.3.1 China
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2.2.3.2 Japan
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2.2.3.3 India
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2.2.3.4 Australia and New Zealand
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2.2.3.5 Rest of Asia Pacific
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2.2.4 Latin America
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2.2.4.1 Brazil
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2.2.4.2 Argentina
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2.2.4.3 Mexico
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2.2.4.4 Rest of Latin America
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2.2.5 Middle East and Africa
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2.2.5.1 United Arab Emirates
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2.2.5.2 Saudi Arabia
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2.2.5.3 Rest of Middle East and Africa
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Liquid Packaging Cartons Market Size FAQs
How big is the Liquid Packaging Cartons Market?
The Liquid Packaging Cartons Market size is expected to reach USD 12.54 billion in 2024 and grow at a CAGR of 4.90% to reach USD 15.92 billion by 2029.
What is the current Liquid Packaging Cartons Market size?
In 2024, the Liquid Packaging Cartons Market size is expected to reach USD 12.54 billion.