PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410606
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1410606
The global liquid packaging cartons market is on a growth trajectory during forecast period. The market is expected to reach an estimated value of US$ 28 billion by the end of 2031, up from an estimated US$ 18.5 billion in 2024, according to a report by Fairfield Market Research.
Consumers, particularly the younger generation, are increasingly interested in packaging solutions that are both secure and visually appealing. The past decade has witnessed a significant increase in the consumption of liquid foods and beverages, driving the demand for effective packaging.
As environmental awareness grows and the harmful impact of plastic waste becomes evident, manufacturers are shifting towards sustainable materials. Uncoated paperboard cartons for liquid packaging are gaining popularity due to their ease of disposal and eco-friendliness.
While liquid packaging cartons offer numerous benefits, recycling poses a challenge due to their multi-layer, multi-material composition. Separating closely laminated materials during recycling can be difficult. However, the longer shelf life and ease of reclosure offered by liquid packaging cartons are expected to drive consumption.
The United States is set to maintain a significant market share in the global liquid packaging carton industry. Beverage producers in the country prefer liquid cartons due to the rising trend of takeout food and the demand for convenient packaging.
India is emerging as a key market for liquid packaging containers, experiencing robust global growth. This growth is driven by factors such as the entry of major international companies, a rapidly expanding youthful population, and advancements in manufacturing capabilities.
Russia's substantial market presence in Europe is expected to grow steadily. Factors contributing to this growth include the expanding dairy industry in Russia and increased demand for protective packaging solutions.
China is poised to play a crucial role in the future growth of the global liquid packaging carton market. The country's rapid expansion can be attributed to its thriving industry, infrastructure development, and the availability of key raw materials.
Market participants are diversifying their product offerings and using various strategies, including agreements, expansions, acquisitions, new product launches, and collaborations, to enhance their market presence.
Milk
Yoghurt and Butter Milk
Fruit Juice
Tea
Coconut Water
Carbonated Soft Drinks