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Technavio’s market research analyst predicts the global liquid packaging board market to grow at a CAGR of around 4% during the forecast period. The growing global demand for beverages is one of the major factors boosting the global liquid packaging board market. Liquid packaging boards are used for the safe storage of liquid products like water, dairy products, soft drinks, fruit juices, sauce, and puree. An increase in the preference for ready-to-cook packaged food and drinks by consumers will result in the moderate growth of this market during the predicted period.
The rising demand for single-serve packs will also aid in the growth of this market until 2020. The recent increase in the number of single-person households has led to the augmented demand for single serve packs in various consumer products of the mass consumption branded category. This preference for single serve packs fuels opportunities for brand switching, which in turn will spur the revenue generating capacity of the vendors.
In 2015, the dairy products segment dominated this market in terms of application and is envisaged to account for an impressive market share of more than 73% by 2020. The growing use of dairy products and the rising need to enhance their shelf life are the key factors spurring the demand for liquid packaging board in this segment.
In this market research, analysts have estimated the European region to account for a market share of nearly 35% by 2020. In Europe, factors such as the high purchasing power of consumers and the growing demand for alternative drinks will impel market growth. However, by 2020, it is envisaged that the APAC region will exhibit the highest market growth rate. The rapid growth of this market in APAC will be driven by the populace’s augmented demand for dairy products.
The global liquid packaging board market is highly fragmented due to the presence of many regional and global providers. Factors like innovation and product characteristics will play a major role in differentiating the products of different vendors. In this market, the vendors invest in R&D to build innovative and feasible packaging products.
The leading vendors in the market are-
Other prominent vendors in the market include BOBST, Bulleh Shah Packaging, Elopak, Greatview Aseptic Packaging, Klabin, Mayr-Melnhof Karton, Molopak, Roxcel, SAMA Marketing e Produzione, SIG Holdings, Stora Enso, and Weyerhaeuser.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Explore Technavio
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