The global liquid paperboard market has the potential to grow by USD 2.95 billion during 2019-2023, and the market's growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by application (dairy products, juice products, and other beverages) and region (APAC, Europe, MEA, North America, and South America). The report analyzes the market’s competitive landscape and offers information on several vendors including BillerudKorsnäs AB, Bulleh Shah Packaging Pvt. Ltd., Clearwater Paper Corp., Elopak AS, Evergreen Packaging LLC, Georgia-Pacific LLC, Graphic Packaging International LLC, PaperWorks Industries Inc., Stora Enso Oyj, and WestRock Co.
Liquid Paperboard Market Report - Key Insights
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Market Segmentation
Liquid Paperboard Market by Application
- Dairy products
- Juice products
- Other beverages
Liquid Paperboard Market by Region
- APAC
- Europe
- MEA
- North America
- South America
Market Competitive Analysis
The liquid paperboard market is fragmented, and the degree of fragmentation will decrease during the forecast period. To cater to the growing demand for ready-to-drink products, vendors are introducing single-serve cartons. BillerudKorsnäs AB, Bulleh Shah Packaging Pvt. Ltd., and Clearwater Paper Corp. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, fluctuations in raw materials will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The liquid paperboard market analysis report provides information on the production, sustainability, and prospects of several companies, including:
- BillerudKorsnäs AB
- Bulleh Shah Packaging Pvt. Ltd.
- Clearwater Paper Corp.
- Elopak AS
- Evergreen Packaging LLC
- Georgia-Pacific LLC
- Graphic Packaging International LLC
- PaperWorks Industries Inc.
- Stora Enso Oyj
- WestRock Co.
Liquid Paperboard Market: Key Drivers and Trends
End-users in the F&B industry are increasingly replacing plastic bottles and tin cans with folding cartons made of liquid paperboard as they are recyclable and offer enhanced shelf life. Folded cartons made of liquid paperboard are used in aseptic packaging methods to store milk, juices, and other beverages. This prevents the contamination of food and beverages from bacteria and other harmful microorganisms up to a certain period when stored at room temperature. Aseptically packed paperboard cartons also retain the taste and texture of their liquid contents and ensure shelf life of about 6-12 months without refrigeration. This is significantly helping in reducing food waste in the supply chain. Because of such benefits, the adoption of liquid paperboard cartons has increased among brands. The rising focus on improving shelf life of products is one of the key factors fueling global liquid paperboard market growth.
- Liquid paperboard market trends such as the rising preference for smaller packaging solutions will also influence market growth.
- As consumers focus on convenience and reduce food waste, the demand for single-serve packaging has increased.
- Vendors are introducing single-serve, ready-to-drink products to meet the growing requirements of consumers.
- Changing lifestyles, rapid urbanization, and the growing number of nuclear families have also increased the demand for smaller packaging solutions.
- Single-serve cartons offer the same benefits of traditional cartons and are easy to open and drink.
- The rising consumer preference for smaller packaging solutions is providing new growth opportunities for market vendors.
- During 2019-2023, the market will register a CAGR of more than 5%.
Liquid Paperboard Market: Segmentation by Region
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Individuals in APAC are shifting from traditional foods to packaged foods due to time constraints. This has increased the demand for folding cartons for packaged beverages. Many liquid paperboard manufacturers from other regions are entering the APAC market to increase their liquid paperboard market share.
During the forecast period, more than 33% of the overall market growth will originate from APAC. Market growth in this region will be faster than the growth of the market in South America.
Liquid Paperboard Market: Segmentation by Application
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The dairy industry is witnessing the introduction of flavored milk, soy milk, and other nut-based milk. The rise in the introduction of such products has increased the demand for liquid paperboard cartons in the dairy industry. Such packaging methods are also helping dairy product manufacturers to improve customer satisfaction and reduce product damage during transportation.
As a result, the liquid paperboard market size will steadily increase during the forecast period. However, market growth in dairy products segment will be slower than the growth of the market in juice products and other beverage segments.
Liquid Paperboard Market: Key Highlights of the Report
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the market during the next five years
- Precise estimation of the global liquid paperboard market size and its contribution to the parent market
- Accurate liquid paperboard market forecast on upcoming trends and changes in consumer behavior
- The growth of the liquid paperboard industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of liquid paperboard market companies
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