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The liquid packaging carton market size is forecast to increase by USD 5.63 billion at a CAGR of 7.44% between 2023 and 2028.
The liquid packaging carton industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The long-term shelf life segment is estimated to witness significant growth during the forecast period.
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The Long-term shelf life segment was valued at USD 7.28 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is projected to expand substantially over the forecast period, fueled by the increasing demand for packaged food and beverages due to evolving consumer lifestyles and the expansion of organized retail. Mexico is anticipated to exhibit the fastest growth in retail packaging for food in North America, driven by a declining poverty rate and a burgeoning middle-class population, leading to the growth of the food industry and, consequently, the market under consideration. Environmental consciousness and the development of convenient beverage consumption options, coupled with the growth of the dairy and beverage industries, are primary market growth drivers.
Consumers' preference for eco-friendly and sustainable packaging, the rise of natural and recycled materials such as paperboard and recycled paper in packaging, and the trend towards sustainable business practices are also significant factors influencing market growth. Key players In the market include Elopak, Pure Pak, and Danone, among others. The circular economy and sustainable business models are increasingly influencing market trends, with tax regulations and health awareness driving demand for healthier options, including calcium-rich dairy products, fruit juices, and vitamins. The market encompasses a wide range of products, including milk cartons, fruit-based juices, soft drinks, alcoholic beverages, liquid meals, and essential nutrients, catering to various consumer segments, including the geriatric population, vegans, and those consuming dairy products, egg consumption, and calcium.
The market is characterized by a focus on sustainability, with an emphasis on reducing the use of fossil fuels, and the adoption of aseptic packaging, brickliquid cartons, and multiply paperboard, which offer high rigidity and wet sizing capabilities. The market is expected to remain competitive, with leading players investing in research and development to introduce innovative, sustainable products and improve quality control, ensuring the delivery of essential nutrients while minimizing sugar content, artificial coloring, phosphoric acid, and artificial sweeteners.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Consumers are increasingly choosing liquid cartons for their high rigidity, which ensures quality control and prevents leakage, making them suitable for various liquid products, including milk cartons, fruit-based juices, soft drinks, alcoholic drinks, liquid meals, and even cold-pressed juices. The geriatric population and the rise of veganism and egg consumption trends also contribute to the market's growth. Overall, liquid cartons offer a sustainable packaging solution for various industries while catering to consumers' health awareness and evolving preferences.
The beverage industry is a major consumer of aseptic cartons, with fruit juice, vitamins, cleansers, and essential nutrients being popular product categories. Aseptic cartons are also used for milk cartons, fruit-based juices, soft drinks, alcoholic drinks, liquid meals, and even cold-pressed juices. Additionally, the geriatric population and the rise of veganism and reduced egg consumption are contributing to the growth of the aseptic the market. Dairy products, calcium, and various fruit juices, such as avocado, watermelon, papaya, lemon, and pineapple, are popular choices among this demographic. Aseptic cartons offer a sustainable solution for businesses looking to reduce their carbon footprint and comply with tax regulations.
This aligns with consumer expenditure trends driven by environmental awareness and health consciousness. Liquid cartons also provide aseptic packaging, ensuring product safety and quality control. They are suitable for a wide range of liquid products, including cold-pressed juices, fruit-based juices, soft drinks, alcoholic drinks, liquid meals, and dietary supplements. The geriatric population, veganism, and egg consumption trends also contribute to the demand for liquid cartons, which offer calcium and are free from sugar content, artificial coloring, phosphoric acid, and artificial sweeteners. The circular economy and sustainable business practices, driven by tax regulations, further support the market's growth. Key products include brickliquid cartons, aseptic packaging, and liquid packing board made from multiply paperboard, wet sizing, and high rigidity.
The liquid packaging carton market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the liquid packaging carton market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, liquid packaging carton market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
Adam Pack S.A. - The company specializes in providing liquid packaging solutions through the production and supply of cartons, encompassing both aseptic and paperboard variants. These cartons cater to various industries, ensuring product preservation and consumer convenience. Aseptic cartons, with their impervious properties, are suitable for sensitive beverages and food products, while paperboard cartons offer a cost-effective alternative for various applications.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market experiences significant growth as consumers increasingly prioritize environmental consciousness and sustainable product choices. Fueled by this trend, the demand for recyclable packaging solutions has surged, with cleansers and beverages, including fruit juices and vitamins, leading the charge. Quality control is paramount In the production of these cartons, ensuring the preservation of essential nutrients and maintaining the natural taste of the contents. Brickliquid cartons, aseptic packaging, and sustainable products made from natural materials such as recycled paper and liquid packing board have gained popularity due to their high rigidity and sustainability. Wet sizing technology allows for the creation of cartons with superior strength and shape retention, making them a preferred choice for various applications, from fruit juice and cold-pressed juices to milk cartons and soft drinks.
Environmental awareness has influenced consumer expenditure, leading to a shift from traditional packaging options like glass bottles and plastic bottles towards more eco-friendly alternatives. Flexible pouches have also faced challenges due to concerns over their recyclability. Leading beverage companies have responded to these market dynamics by investing in research and development to create innovative, sustainable packaging solutions. Natural materials, such as recycled paper and multiply paperboard, are increasingly used In the production of these cartons. Sustainability remains a critical factor In the market, with companies focusing on reducing their carbon footprint and adhering to circular economy principles.
Tax regulations and consumer pressure have further accelerated the adoption of sustainable business practices. Health awareness and dietary trends, such as veganism and geriatric population needs, have also influenced the market. Dairy products, calcium-fortified beverages, and dietary supplements have seen increased demand for sustainable packaging solutions. The market for liquid packaging cartons is diverse, encompassing various beverage categories, including fruit-based juices, fruit juices like avocado, watermelon, papaya, and lemon, and alcoholic drinks. Soft drinks, milk cartons, and liquid meals are also significant market segments. In conclusion, the market is driven by consumer preferences for sustainable and eco-friendly packaging solutions, with recyclable and natural materials playing a crucial role. Companies must focus on quality control, innovation, and sustainability to meet the evolving demands of consumers and stay competitive in this dynamic market.
Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.44% |
Market growth 2024-2028 |
USD 5.63 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.4 |
Key countries |
US, China, Canada, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type of Packaging
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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