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Download Free sampleThe global Liquid Packaging Carton market was valued at 147.35 Million USD in 2021 and will grow with a CAGR of 1.86% from 2021 to 2027, based on newly published report.
The prime objective of Liquid Packaging Carton Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Liquid Packaging Carton Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Liquid packaging carton is a box or container which enables the safe transportation and storage of liquid products and provides customized packaging. Liquid packaging is primarily used for Fast-moving consumer goods (FMCG), as it is lightweight and compact. Consumers` preference for ready-to-carry liquid food, changing lifestyles, the convenience of carton packaging, and the recyclable nature of carton packs are the major drivers for this market.Currently, some companies in the world can produce liquid packaging carton product, mainly concentrating in Europe and North American. Tetra Laval is the market leader of liquid packaging carton industry, with the production volume market share of 47% in 2016. The production of liquid packaging carton increased from 328 billion units in 2012 to 396 billion units in 2016, with an average growth rate of 3.86%. In terms of volume, the dairy products segment accounted for a market share of over 45.2% in the global liquid packaging carton market in 2016. Milk and dairy products are the most consumed perishable products. Owing to short shelf life, continuous efforts have been made to increase their longevity. Dairy products are processed or packed in a suitable way so that they can be served fresh to the consumer. The juices segment was the second largest segment in the market in 2016 with a market share of over 24.17%. With the development of economy, these industries will need more liquid packaging carton. So, liquid packaging carton has a huge market potential in the future. The major raw material for liquid packaging carton is paperboard, polyethylene, etc. in the United States market, supply of raw materials is full. Fluctuations in the price of the upstream product will impact on the production cost of liquid packaging carton industry. We tend to believe this industry is a promising industry, and the consumption increasing degree will show a smooth growth curve. For product prices, the slow downward trend in recent years will maintain in the future as competition intensifies. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.
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