Market Share of Liquid Packaging Cartons Industry
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
