The global liquid carton packaging market is poised for steady growth, with an anticipated value of US$ 8.8 billion in 2024, projected to reach US$ 11.3 billion by 2034. According to recent analysis by FMI, the market is expected to grow at a steady Compound Annual Growth Rate (CAGR) of 2.6% during the forecast period.
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Market Analysis:
- Increased Milk Consumption: Growing demand for milk cartons is driving the liquid carton packaging market, in line with the rising consumption of milk globally.
- Popularity of Fruit-based Juices: Fruit-based juices are gaining popularity due to the increasing fitness consciousness among consumers, contributing to the growth of liquid carton packaging.
- Soft Drink Consumption: Consumption of soft drinks continues to rise, leading to increased use of liquid carton packaging for soft drink purposes.
- Development in Alcoholic Drinks: Alcoholic drinks are emerging as a new avenue for the growth of the liquid carton packaging industry.
- Demand for Carbonated Water: As the production of carbonated water grows, liquid carton packaging is increasingly used to secure carbonated water drinks.
Market Trends:
- Sustainability Focus: Liquid cartons are increasingly manufactured with sustainability in mind, eliminating plastic coatings to align with sustainability trends.
- Creative Designs: Liquid carton packaging is incorporating bright patterns and creative designs to appeal to younger consumers.
- Expansion into Liquid Meals: Liquid carton packaging is facilitating the delivery of liquid meals to consumers, penetrating the geriatric population segment.
- Innovations in Beverage Diversity: Ongoing innovations are diversifying the types of beverages available, expanding the scope of the liquid carton packaging market.
- Functional Benefits: Liquid carton packaging offers functional benefits such as longer shelf life and safety during transportation, sustaining demand for the product.
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)
About Future Market Insights (FMI)
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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