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 a 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.
Core Concepts about The Chocolate Bar Packaging Industry
- Market Size in 2024: The liquid carton packaging market is expected to be valued at US$ 8.8 billion in 2024.
- Market Size in 2034: By 2034, the market is estimated to reach US$ 11.3 billion.
- Market Progress in India: In India, the liquid carton packaging market is anticipated to grow at a CAGR of 4.8% from 2024 to 2034.
- Market Growth Scope: The overall market is expected to grow at a CAGR of 2.6% during the period from 2024 to 2034.
- Industry Trends:
- Use of sustainable materials in packaging
- Incorporation of aesthetic designs in packaging
- Market Growth in Thailand: In Thailand, the liquid carton packaging market is forecasted to grow at a CAGR of 3.1% over the period from 2024 to 2034.
- Key Industry Players: Tetra Pak International S.A, Elopak AS, SIG Combibloc Group AG, Oji Holdings Corporation
Get a Sample PDF of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-770
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.
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.
Purchase Now to Access Segment-specific Information and uncover Key Trends, Drivers, and Challenges: https://www.futuremarketinsights.com/checkout/770
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
