The global liquid carton packaging market is projected to witness substantial growth, with an estimated value of US$ 8.8 billion in 2024, expected to rise steadily at a Compound Annual Growth Rate (CAGR) of 2.6% from 2024 to 2034, reaching US$ 11.3 billion by the end of the forecast period.
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Market Analysis:
The demand for liquid carton packaging is on the rise, driven by various factors contributing to market growth:
- Increased Milk Consumption: Growing milk consumption among both older and younger generations, driven by awareness of its health benefits, is fueling the demand for liquid carton packaging in the dairy industry.
- Popularity of Fruit Juices: Rising fitness trends and the increasing popularity of fruit-based juices are driving the demand for liquid carton packaging, catering to health-conscious consumers.
- Steady Soft Drink Consumption: Despite changing beverage preferences, soft drink consumption remains steady, leading to a rise in the use of liquid carton packaging for soft drink purposes.
- Emerging Alcoholic Drinks Market: The evolving alcoholic drinks market presents a developing avenue for the growth of the liquid carton packaging industry, particularly for securing carbonated water drinks.
Trends in Liquid Carton Packaging Market:
- Sustainability Focus: Increasing emphasis on sustainability is driving the manufacturing of liquid carton packaging without plastic coating, aligning with eco-friendly trends.
- Creative Designs: Liquid carton packaging is adopting bright patterns and creative designs to appeal to younger demographics, enhancing market attractiveness.
- Expansion into Liquid Meals: Liquid carton packaging is facilitating the delivery of liquid meals to consumers, penetrating the geriatric population segment.
- Innovations Driving Diversification: Ongoing innovations are expanding the scope of drinks available, driving growth and diversification in the liquid carton packaging market.
Key Sector: Dairy Industry:
The dairy industry is anticipated to account for the largest market share in the liquid carton packaging market, with milk consumption rising and the need for rigid packaging solutions to prevent spoilage during transportation.
With the global liquid carton packaging market poised for steady growth, stakeholders are focusing on innovative solutions to meet evolving consumer demands and sustainability goals.
Regional Outlook:
The liquid carton packaging market is witnessing significant growth across various regions, driven by unique factors specific to each market. In India, renowned as the world’s leading consumer of cow milk, the burgeoning milk sector is propelling the demand for liquid carton packaging. Moreover, the expansion of milk carton packaging beyond urban areas is broadening the market scope, indicating promising growth prospects.
Thailand, on the other hand, is experiencing an increasing focus on sustainability, driving the demand for eco-friendly liquid carton packaging solutions. Thai manufacturers are incorporating branding and aesthetic designs to attract consumers, further boosting market growth.
In China, the extensive food and beverage needs of its sizable population are sustaining the demand for liquid carton packaging. Additionally, the rise in online beverage sales is fostering market growth, reflecting the evolving consumer landscape.
South Korea’s market is being driven by a rapidly aging population and the growing trend of fitness enthusiasts adopting liquid diets, leading to increased demand for liquid food products. Furthermore, the surge in demand for carbonated drinks is contributing to the expansion of the liquid carton packaging industry in the country.
In Spain, the rising consumption of alcoholic beverages packaged in cartons is driving market growth. Additionally, the popularity of carbonated water is increasing, further fueling the demand for liquid carton packaging solutions. Overall, these regional trends underscore the diverse dynamics shaping the global liquid carton packaging market and highlight opportunities for growth in each region.
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Key Segments
By Product Type:
- Brick Cartons
- Gable Top Cartons
- Shaped Cartons
By Material:
- Uncoated Paperboard
- Plastic Coated Paperboard
- Aluminium Coated Paperboard
By End Use:
- Dairy Products
- Milk
- Yogurt & Butter Milk
- Cream
- Juice & Drinks
- Fruit Juice
- RTD Tea & Coffee
- Flavored Syrups
- Carbonated Soft-Drinks
- Energy Drinks
- Carbonated Water
- Other Alcoholic Beverages
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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