The liquid carton packaging market is anticipated to record a CAGR of 5.8% during the forecast period, up from US$ 20.42 Bn in 2022 to reach a valuation of US$ 34.93 Bn by 2032.
Sales of liquid carton packaging are expected to rise as demand for packaged foods and beverages increases, as is the ease of carrying and transporting them. In addition to this, demand for liquid carton packaging is rising on account of packaging advancements and the recyclable characteristic of cartons.
Increasing soft drink consumption is also projected to contribute to the growth of the liquid carton packaging market share.
The report sheds light on the factors improving the sales of liquid carton packaging and, in turn, the opportunities for the market players. However, the liquid carton packaging market also faces some challenges, which might limit the LIQUID CARTON PACKAGING market share from reaching its potential.
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Some of the critical liquid carton packaging market trends promoting the demand for liquid carton packaging include consumers, particularly the teenage demographic, increasingly demanding safe packaging solutions with an appealing look and feel.
Compared to the previous decade, the number of people who consume beverages and liquid meals daily has climbed dramatically.
Manufacturers have been obliged to employ sustainable materials that do not emit dangerous chemicals such as waste, such as plastics, due to increased awareness of environmental issues and the negative impacts of plastic on nature. As a result of their ease of disposal, demand for liquid packaging cartons constructed of uncoated paperboard increases.
The way items are packaged evolved in recent years due to changes in the food and beverage industry’s growth dynamics and the retail industry’s different growth dimensions. Significant challenges impeding market expansion include rising demand for glass packaging and the availability of substitutes for liquid packaging cartons. However, during the forecast period, product innovation in the liquid packaging industry will create lucrative growth potential for the liquid packaging carton market.
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What are the Key Drivers to the Liquid Carton Packaging Market Share?
The rising preference of consumers towards ready-to-drink beverages and packaged products is propelling the demand for liquid carton packaging products. Further, growing sustainability concerns regarding the use of plastic are fueling the demand for brick liquid cartons.
As these brick liquid cartons are eco-friendly and can be recycled, production of these cartons is expected to surge over the forecast period and improve the sales of liquid carton packaging.
According to Future Market Insights, the gable-top segment is anticipated to witness the fastest growth in sales of liquid carton packaging during the assessment period. Regionally, Asia Pacific is expected to register the highest growth in the global liquid carton packaging market.
Growing consumption of ready-to-drink beverages and preference for packaged milk, juices, and soft drinks are the major factors driving the sales of liquid carton packaging.
Convenience in the transportation of liquid products and the advent of intelligent packaging is another factor reshaping the liquid carton packaging market.
Moreover, rising disposable incomes across the U.S., the U.K., Germany, India, and China is resulting in an upsurge in the consumption of soft drinks and dairy products. On account of this, the sales of gable-top and brick top cartons packaging in fruit juice and dairy packaging are anticipated to spur over the projection period.
Besides this, extended shelf life and protection against external factors offered by liquid carton packaging is another factor encouraging the demand for liquid carton packaging. Hence, key manufacturers of liquid carton packaging are introducing novel technologies in packaging to increase revenue.
Which is the Leading Region in the Liquid Carton Packaging Market?
As per Future Market Insights, Asia Pacific is anticipated to hold nearly 53.8% of total sales of liquid carton packaging during the forecast period.
The growth of the liquid carton packaging market in the region is underpinned by a surging preference for sustainable packaging across India, China, and several other countries in South and East Asia.
The advent of leading beverages companies in the India and China market provides a solid thrust to the sales of liquid carton packaging in the Asia Pacific liquid carton packaging market. Besides this, millennials’ burgeoning consumption of packaged beverages such as juices, soft drinks, and dairy products is another factor propelling the demand for liquid carton packaging.
Moreover, favourable government initiatives to reduce carbon footprints and develop sustainable packaging boost the demand for liquid carton packaging in the Asia Pacific. For instance, according to the India Brand Equity Foundation, India is considered to be the 4th largest fast-moving consumer goods market.
This is anticipated to provide lucrative growth opportunities for liquid packaging market players, creating a conducive environment for the growth in the liquid carton packaging market in the Asia Pacific.
Who are the Key Players in the Liquid Carton Packaging Market?
Some of the key participants in the liquid carton packaging market include Tetra Laval, Comar, Inc., Liqui-Box Corp. and Tri-Wall, and Wayerhaeuser.
Companies in the market are using strategies for growing the sales of liquid carton packaging, such as product development, facility expansions, and mergers and acquisitions to extend their global presence, catering to the growing demand for liquid carton packaging and expanding their product portfolio.
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Integrity and high performance quality are necessary features for products supplied in the parenteral packaging market. The global IV bags market has emerged as a key market segment in the parenteral packaging market and is marked by supply of plastic materials used for intravenous therapy with principal application in hospital care. Patients suffering with diarrhea and fever are prone to experience low electrolyte levels, which causes moderate or severe case of dehydration, especially in children. IV bags are used in intravenous therapy for curing or rehydrating the patient. IV bags are also useful for delivering medications and for blood transfusion directly to veins.
Global IV Bag Market: Market Drivers
IV bag costs around US$ 1, while alternative products such as infusion pumps costs around US$ 2300. Easy availability and affordability of IV bags have made it a widely preferred parenteral packaging solution. Significant number of countries across the globe have limited capacity in terms of procuring infusion pumps for intravenous therapy, due to which the demand for IV bags is strengthening globally. The need for blood storage is another important factor driving the demand for IV bags market, as blood stored in the IV bags can be important for saving the life of a patient during critical time.
The extensive use of IV bags for delivering the medications to a patient directly to the veins is another factor influencing the demand for the IV bags market. The increasing penetration of the medical facilities in underdeveloped areas of many countries is expected to provide opportunities to IV bag market over the forecast period. In the backdrop of the ability of the IV bags to meet storage, transportation, sterilization, and handling requirements the demand for IV bags market is expected to move vertically upwards.
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Global IV Bag Market: Market Restraints
The risk of infection and collapsing of veins due to the needle being attached for a longer period is a concern of many authorities which may hamper the IV bags market. The improper monitoring of the intravenous therapy can also cause the nutrient imbalance in the patient body. The presence of substitute of IV bags such as plastic bottles, glass bottles, and infusion pumps to control the flow of the solution into the veins can resist the growth of the IV bags market. IV bags are commonly manufactured of the standard size of 1 liter, and children cannot be exposed to such large size of a solution of electrolyte. So in developing countries where patient to staff ratio is extremely small IV bags market may not have future growth, especially if there is some technological development which is as cheap as IV bags. However, the replacement of PVC material with eco-friendly materials could provide product development opportunities into the IV bags market.
Global IV Bag Market: Market Segmentation
IV bag market can be segmented by the type of material used and by the end use and by capacity.
Based on the type of material used, IV bag market can be segmented into:
PVC
Ethylene vinyl acetate
Polypropylene
Copolyester ether
Based on the type of end use, IV bag market can be segmented into:
To correct electrolyte imbalances
To deliver medications
Blood transfusions
Blood Storage
Based on the size, IV bag market can be segmented into:
0 – 250 ml
250 – 500 ml
500 – 1000 ml
Global IV Bag Market: Regional Outlook
Regionally global IV bag market is segmented into
North America
Latin America
Eastern Europe
Western Europe
Asia-Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
Japan
North America is expected to lead the IV bags market over the forecast period due to its wide scope in the healthcare sector, particularly due to the high rate of obesity in the region. IV bags market is anticipated to register rapid growth in APEJ region over the forecast period owing to the increasing penetration of medical facilities in the rural areas, densely populated areas, increased awareness and demand for healthy life. The growth for IV bags market in Eastern and Western Europe in expected to be remain moderate over the forecast period.
Global IV Bag Market: Key Players:
Some key players of IV bag market are Mountainside Medical Equipment, Kraton Performance Polymers Inc., Renolit, Angiplast Pvt. Ltd, Medline Industries, Inc., Baxter, Sippex IV bag, Wipak Group Management, B. Braun Medical Inc., ICU Medical, Inc., Guangdong lejin medicine Co.,Ltd, Fresenius Kabi Group.
The report covers exhaustive analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes
North America (U.S., Canada)
Latin America (Mexico, Brazil and Rest of Latin America)
Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)
Eastern Europe (Poland, Russia and Rest of Eastern Europe)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, and Rest of MEA)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Report Highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint.
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