Liquid Packaging Cartons Market Size
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 5.90 Million tonnes |
| Market Volume (2029) | 7.30 Million tonnes |
| CAGR (2024 - 2029) | 4.38 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Liquid Packaging Cartons Market Analysis
The Liquid Packaging Cartons Market size in terms of shipment volume is expected to grow from 5.90 Million tonnes in 2024 to 7.30 Million tonnes by 2029, at a CAGR of 4.38% during the forecast period (2024-2029).
One of the main factors contributing to market growth is the growing beverage industry, which tracks, conserves, and ensures the safe transit and storage of fast-moving consumer goods (FMCG). With growing health awareness and busy schedules, consumers' shifting preferences for healthy ready-to-eat (RTE), on-the-go drinks, and dietary supplements are expected to function as another growth-inducing element during the forecast period.
- As premium and luxury products surge in demand, so does the demand for cartons, often linked to these high-end offerings. Technological and design innovations in cartons, including superior printing techniques and the adoption of cutting-edge materials like bioplastics, have significantly boosted their market appeal.
- Consumer and brand demand for sustainable products is fueling the rise in liquid packaging carton usage. This shift stems from heightened environmental awareness, a push to reduce reliance on fossil resources, and ongoing innovations in materials boasting enhanced properties and functionalities.
- The demand for organic beverages surges as consumers become more aware of the advantages of organic products, such as reduced exposure to pesticides and other contaminants. Consumers prioritize sustainability and eco-friendliness in their beverage choices, often viewing organic products as more sustainable than their conventional counterparts. With a heightened focus on health and wellness, consumers increasingly turn to organic beverages to bolster their healthy lifestyles.
- Sustainable packaging is increasingly becoming a significant factor in many consumers' purchasing decisions. This level of influence is expected to increase further as more people become aware of the environmental impacts of materials such as plastic.
- Rising raw material and energy prices, shortages of recycled fibers due to concerns over wastepaper recovery, and the growing influence of the global supply chain crisis impacted the paper industry. However, the key factors that affected the liquid packaging cartons market after the pandemic include the impact on each stage of its value chain, including the workforce at an industrial level, raw material supply, and uncertain beverage demand at different outlets.
Liquid Packaging Cartons Market Trends
Milk Liquid Type Segment Holds Significant Market Share
- The milk carton packaging market is experiencing robust growth, fueled by rising milk consumption, including pasteurized and flavored varieties. This uptick is attributed to a burgeoning affluent consumer base and an escalating demand for convenient, health-conscious choices, a response to today's fast-paced lifestyles. A heightened awareness of milk's health benefits further spurred its demand. Countries like India, the United States, and China are witnessing a notable uptick in the consumption of diverse milk types, from pasteurized and UHT to flavored, recombined, and lactose-free variants.
- Data from the US Department of Agriculture indicates a slight uptick in US milk production, projecting 228.2 billion pounds in 2024, up from 226.6 billion pounds in 2023. The USDA Foreign Agricultural Service reports that India led global fluid cow milk consumption in 2023, tallying 87,455 thousand metric tons.
- As milk production and consumption continue to rise, there is a potential for innovation in carton packaging. Such advancements could cater to the unique demands of dairy producers and consumers, encompassing enhanced barrier technologies for extended shelf life, user-friendly features for convenience, and eco-friendly initiatives to mitigate environmental impact.
- Packaging manufacturers, including those producing milk cartons, are increasingly adopting digitally connected packaging. This shift will boost sales, enhance consumer engagement, and deepen their understanding of consumers.
- For instance, Tetra Pak International SA emphasizes that its Tetra Pak Connected Package facilitates businesses' digital transformation. Creating and managing unique digital identities for every packaged product enables businesses to leverage consumer engagement solutions akin to practices long adopted by various industries: establishing direct connections with consumers for deeper insights.
Asia-Pacific Expected to Witness Significant Growth in the Market
- Over the past two decades, China has witnessed remarkable growth in liquid packaging, driven by sustainability concerns, technological innovations, and appealing economic factors. As consumer perceptions and interactions with packaging evolve, vendors in China are pivoting toward sustainability.
- This shift has led to a move from traditional rigid packaging solutions to innovative and eco-friendly paperboard carton packaging. The rising demand for user-friendly packaging and enhanced product protection highlights the growing prominence of liquid packaging as a viable and cost-effective alternative.
- Liquid packaging cartons provide content safety and protection from contaminants, prolonging the product's shelf life. Edible liquids (milk, juice, tomato sauce), soft drinks, water, etc., are packaged in liquid packing cartons. The shelf life of milk cartons is longer, and the risk of contamination is lower. Due to the ease of re-closing the cartons after use, the consumption of liquid packing containers is expected to grow faster than in the last decade.
- Japan's liquid packaging cartons are the go-to for items like milk juices. These cartons extend product shelf life and ensure freshness. The rising demand for eco-friendly packaging has spurred innovations, resulting in cartons made from recyclable and biodegradable materials.
- As the Japanese market witnesses a growing preference for packaged and ready-to-drink beverages, this segment's expansion highlights a broader trend toward convenient and portable packaging solutions.
- In India, the demand for liquid cartons is on the rise, fueled by critical factors such as the consumption of milk, fruit juices, and various other beverages, and so does the demand for liquid cartons.
Liquid Packaging Cartons Industry Overview
The liquid packaging carton market is consolidated, with incumbents like Elopak, Mondi Group, and Tetra Pak operating. Design, technology, and application innovation may give companies a sustainable competitive advantage. The market incumbents have been identified to adopt moderate competitive strategies through partnership activities, emphasis on R&D, and innovative activities. Manufacturing capability is expected to shift toward such trends, strengthening the competitive rivalry.
Product innovation may bring about a sustainable, competitive advantage. The firm concentration ratio is expected to grow more during the forecast period as several players consider this market a lucrative opportunity to consolidate their product offerings.
The market has a moderately high level of barriers to exit, a high preference for established brands, and a moderate level of advertising expense. Overall, the competitive rivalry is expected to be high.
Liquid Packaging Cartons Market Leaders
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Elopak AS
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Pactiv Evergreen Inc.
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Mondi PLC
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Greatview Aseptic Packaging Co. Ltd
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Refresco Group
*Disclaimer: Major Players sorted in no particular order
Liquid Packaging Cartons Market News
- September 2024: The Humble Co., a Swedish sustainable and innovative personal care company, updated its mouthwash packaging to be more eco-friendly. The company partnered with Elopak to transition from PET packaging to cartons for its minty mouthwash.
- May 2024: ITO EN, a player in the Japanese beverage industry, introduced two premium beverages featuring bite-sized pieces in SIG SmileSmall carton packs. This was made possible by the SIG Drinksplus technology integrated into the SIG SmileSmall 24 Aseptic filling machine. The two new products from ITO EN are a crispy potage, a creamy tomato potage with onion bits, and a carrot smoothie containing carrot pieces.
Liquid Packaging Cartons Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Value Chain Analysis
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of Substitutes
4.3.4 Threat of New Entrants
4.3.5 Intensity of Competitive Rivalry
4.4 Impact of the Pandemic on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rising Demand for Eco-friendly Packaging
5.1.2 Growing Demand for Organic Product-based Beverages
5.2 Market Restraints
5.2.1 Competition from Substitutes, such as Glass and Plastic Packaging
6. MARKET SEGMENTATION
6.1 By Liquid Type
6.1.1 Milk
6.1.2 Juices
6.1.3 Energy Drinks
6.1.4 Other Liquid Types
6.2 By Geography
6.2.1 North America
6.2.1.1 United States
6.2.1.2 Canada
6.2.2 Europe
6.2.2.1 United Kingdom
6.2.2.2 Germany
6.2.2.3 France
6.2.3 Asia-Pacific
6.2.3.1 China
6.2.3.2 Japan
6.2.3.3 India
6.2.3.4 Australia and New Zealand
6.2.4 Latin America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Mexico
6.2.5 Middle East & Africa
6.2.5.1 United Arab Emirates
6.2.5.2 Saudi Arabia
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Elopak AS
7.1.2 Pactiv Evergreen Inc.
7.1.3 Mondi PLC
7.1.4 Greatview Aseptic Packaging Co. Ltd
7.1.5 Refresco Group
7.1.6 Rotopacking Materials Ind. Co. LLC
7.1.7 SIG Global Pte. Ltd
7.1.8 Tetra Pak International SA
7.1.9 Nippon Paper Industries Co. Ltd
7.1.10 UFlex Limited
7.1.11 Lami Packaging (Kunshan) Co. Ltd
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Liquid Packaging Cartons Industry Segmentation
Liquid packaging carton refers to a carton made using liquid paperboard, polymer, and aluminum as a raw material used to pack and distribute products such as milk, juices, dairy products, energy drinks, and other liquid products. The study on the global liquid packaging carton market tracks demands in terms of consumption volume (thousand tonnes). The volume serves as the primary reporting metric, given the significant price fluctuations and the diverse materials employed to produce liquid packaging cartons. The study factors in the impact of geopolitical factors on the liquid packaging carton market based on the prevalent base scenarios, key themes, and end-use industry-related demand cycles. Liquid packaging cartons, liquid carton packaging, and liquid cartons are interchangeably used across the report.
The liquid packaging cartons market is segmented by liquid type (milk, juices, energy drinks, and liquid type), geography (North America [United States and Canada], Europe [United Kingdom, Germany, France, and the Rest of Europe], Asia-Pacific [India, China, Japan, Australia & New Zealand, and the Rest of Asia-Pacific], Latin America [Brazil, Argentina, Mexico, and the Rest of Latin America], and Middle East & Africa [United Arab Emirates, Saudi Arabia, and the Rest of Middle East & Africa]). The report offers the volume in tons for the above segments.
| By Liquid Type | |
| Milk | |
| Juices | |
| Energy Drinks | |
| Other Liquid Types |
| By Geography | ||||||
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Liquid Packaging Cartons Market Research FAQs
How big is the Liquid Packaging Cartons Market?
The Liquid Packaging Cartons Market size is expected to reach 5.90 million tonnes in 2024 and grow at a CAGR of 4.38% to reach 7.30 million tonnes by 2029.
What is the current Liquid Packaging Cartons Market size?
In 2024, the Liquid Packaging Cartons Market size is expected to reach 5.90 million tonnes.
Who are the key players in Liquid Packaging Cartons Market?
Elopak AS, Pactiv Evergreen Inc., Mondi PLC, Greatview Aseptic Packaging Co. Ltd and Refresco Group are the major companies operating in the Liquid Packaging Cartons Market.
Which is the fastest growing region in Liquid Packaging Cartons Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Liquid Packaging Cartons Market?
In 2024, the Asia Pacific accounts for the largest market share in Liquid Packaging Cartons Market.
What years does this Liquid Packaging Cartons Market cover, and what was the market size in 2023?
In 2023, the Liquid Packaging Cartons Market size was estimated at 5.64 million tonnes. The report covers the Liquid Packaging Cartons Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Liquid Packaging Cartons Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Liquid Packaging Cartons Industry Report
The Global Liquid Packaging Cartons Market analysis provides an extensive industry overview, detailing the market trends and market growth. The market report segments the market by liquid type and geography, covering regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The industry reports highlight the market forecast and market outlook, offering insights into the market segmentation and market value.
The market research indicates significant market growth driven by increasing demand for milk, juices, and energy drinks. The industry analysis includes detailed market data and market review, providing a comprehensive understanding of the market size and market leaders. The report pdf and report example offer a valuable resource for industry research and industry information.
The market predictions suggest a positive industry outlook, supported by industry trends and industry sales statistics. The industry size and industry statistics are crucial for understanding the market dynamics and market segmentation. The market forecast and market leaders are essential for identifying key players and their market share.
In summary, this report offers a detailed market analysis, highlighting the market forecast and market growth. The industry research and industry outlook provide valuable insights into the market trends and market data, making it an essential resource for understanding the Global Liquid Packaging Cartons Market.
