According to Future Market Insights research, during the projected period, the global brick liquid carton market is set to enjoy a valuation of US$ 8.9 Billion in 2022, and further expand at a CAGR of 4.3% to reach US$ 13.6 Billion by the year 2032. The sales of the straw hole opening carton by opening type are anticipated to bolster with the top 5 companies estimated to hold around 20 to 25% of the market by the end of 2022.
Based on the material, the uncoated paperboard segment is projected to remain the leading segment among the other material used for manufacturing brick liquid cartons. The reason behind the same is the eco-friendly aspects and cost-effectiveness of the material. The target segment material is projected to hold around 73% of the market value share by the end of 2032.
| Attributes | Details |
|---|---|
| Market Size 2022 | US$ 8.9 Billion |
| Market Size 2032 | US$ 13.6 Billion |
| Value CAGR (2022 to 2032) | 4.3% |
| Collective Value Share: Top 3 Countries (2022E) | 25 to 30% |
The global brick liquid carton market forms around 50 to 60% of the global liquid packaging cartons market worth US$ 15.7 Billion in 2021.
According to the FMI analysis, the brick liquid carton market revenue totaled US$ 8.6 Billion in 2021. With the propelling demand for ready-to-drink juices, the global brick liquid carton market is projected to reach US$ 13.6 Billion by 2032, accelerating at a CAGR of 4.3% during the forecast period.
The brick liquid carton market is estimated to experience a positive growth outlook by the end of 2022. A new forecast by FMI estimates that brick liquid carton sales will rise during the forecast period and is projected to create a growth incremental growth opportunity of US$ 5.0 Billion.
The increase in demand for packaged liquid products by the consumer propels the demand for brick liquid cartons across the globe. The brick liquid carton market is projected to grow 1.6x the current market value from 2022 to 2032.
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The global brick liquid carton market witnessed a CAGR of 3.7% during the historic period with a market value of US$ 8.6 Billion in 2021.
The brick liquid carton is the best suitable packaging solution for on-the-go liquid products. The brick liquid carton is a sustainable packaging solution with an attractive style of packaging, which creates buzz around the customers. The brick liquid carton also has liquid-friendly features that help manufacturers to increase the shelf-life of the product. Due to the packaging of beverages packed in a liquid carton, the shelf-life of the product increases by the high barrier offered by the carton. Innovation in beverage packaging makes the market more fluent in receiving substantial demand from consumers. Several key players capturing the market by launching innovative and protective liquid cartons create a growth opportunity for the global brick liquid carton.
Global players in the brick liquid carton market can capitalize on significant growth opportunities in the industrial and institutional sectors. Currently, a brick liquid carton is available with a maximum capacity of 2 liters, mainly targeting single individuals or households. Manufacturers can offer large-capacity brick liquid cartons to target the aforementioned sectors that offer lucrative growth opportunities. Thus, all these opportunities are expected to grow the market share of brick liquid cartons significantly.
As one of the end-users of the brick liquid cartons, the dairy industry is standing in the front as the biggest customer for tetra packs. Tetra packs as one of the most preferred packaging solutions for liquid products is ruling the market. The dairy industry needs tetra packs for the easy and safe packaging of various dairy products.
Milk as a daily consumed food product also has some credentials from the consumers. Consumers demand highly protective packaging for milk and aligned products. The need for highly protective and secure packaging is creating a path for tetra packs in dairy packaging.
Dairy product producers are also concerned with packaging since packaging has become a representative to ensure the safety and quality of the product. The overall changes that are being noticed in the preference for liquid packaging are driving demand for brick-liquid cartons.
Principal Consultant
Adherence to stringent government regulations regarding food & beverage safety is influencing food & beverage manufacturers to adopt advanced packaging techniques to ensure the same. Brick liquid cartons significantly reduce contamination risk. Moreover, consumers are becoming more health-conscious, and therefore, prefer packaged and branded products rather than loose and unpackaged products. Manufacturers in today’s market are developing packaging solutions according to the demands of marketers and consumers. The aforementioned factors are expected to drive the consumption of brick liquid cartons significantly.
On the basis of material type, the uncoated paperboard segment is anticipated to hold the major portion of the brick liquid carton market. The uncoated paperboard segment is projected to register a CAGR of 4.8% from 2022 to 2032. Paper as a Sustainable and eco-friendly material has matching features as per the current need of the market. Environmental concerns attract customers to prefer paper-based cartons over other material types. Thus, the uncoated paperboard segment is projected to account for a major share of the global brick liquid carton market.
By application, the dairy product segment is anticipated to generate high demand for brick-liquid cartons. The target segment is projected to grow 1.8 times the current market value during the forecast period. The increased demand for packed dairy products such as flavored milk and others augment the sales of dairy packaging including brick liquid cartons.
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France's brick liquid carton market is projected to register a CAGR of 4.9% from 2022 to 2032. France is at the top of the list of country-wise soft drink consumption. France as a European country has substantial demand for soft drinks and also has production capacities for beverages. According to the data provided by the Union of EU Soft Drinks Associations (UNESDA), the chances of France becoming a potential market for soft drinks. The data shows that France consumed 3958 Million Litres of soft drinks in 2021.
Only 66% of the total French population has consumed this substantial amount of soft drinks. Brick liquid packaging is quite famous among soft-drink manufacturers. Due to the attractive features of the brick liquid cartons, soft-drink manufacturers are preferring tetra packs for soft-drink packaging over other packaging solutions. Thus, the increased consumption of soft drink in France fuel the demand for brick liquid carton
India is estimated to hold around 46% of the market value share of the South Asia Brick liquid carton market by the end of 2022. India is thriving to become one of the biggest economies in the world. The dairy sector which is the dominating sector in India is having a huge share in the overall growth of the country.
As per the data collected from the USA Department of Agriculture, milk production in India has constant average growth of 4.5% since 1980. India is the biggest milk producer in the world, which creates growth opportunities for dairy products also. Milk as a perishable food product required protective packaging for better shelf life. Tetra packs are the emerging packaging solution for milk packaging and hence creating opportunities for the brick liquid carton market.
The key players are focusing on innovative packaging solutions for liquid cartons. To achieve set goals, companies are merging with big players to increase their market share. The acquisition of small companies is also being done by big packaging giants. Investment in research and development amid strive for innovative packaging is also being done by the companies. Some of those fluctuations are as under-
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Material, Opening Type, Application, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Middle East and Africa; Oceania |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Germany, United Kingdom, France, Italy, Spain, Russia, China, Japan, India, GCC countries, Australia |
| Key Companies Profiled | Amcor Limited; Elopak; IPI Srl; Tetra Pak International S.A.; Uflex Ltd.; Agropur Inc.; SIG Combibloc Group Ltd.; Refresco Gerber N.V.; NIPPON PAPER INDUSTRIES CO., LTD.; Carton Service, Inc.; Greatview; ASEPTO; QHP packaging; Smurfit Kappa Group; Liqui-Box |
| Customization & Pricing | Available upon Request |
In 2021, the value of the global brick liquid carton market was US$ 8.6 Bn.
During the forecast period, the global brick liquid carton market is anticipated to expand at a CAGR of 4.3%.
The global brick liquid carton market is expected to reach US$ 13.6 Bn by the end of 2032.
During the forecast period, uncoated paperboard material is likely to be the fastest-growing material segment in the global brick liquid carton market.
The upward trend in demand from the dairy industry is creating a platform for the brick liquid carton.
Amcor Limited, Elopak, IPI Srl, Tetra Pak International S.A., Uflex Ltd., Refresco Gerber N.V., NIPPON PAPER INDUSTRIES CO., LTD., and Liqui-Box are top players for the brick liquid carton.
As per the FMI analysis, the Indian brick liquid carton market is projected to expand at a CAGR of 5.1% during 2022-32.
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