Liquid Carton Packaging Market

Liquid Carton Packaging Market Overview for 2024 to 2034

The Liquid Carton Packaging Market is anticipated to be worth USD 8.8 billion in 2024. The market is expected to grow at a steady rate over the period from 2024 to 2034, with a CAGR of 2.6%. By the end of the forecast period, the market value is predicted to hit USD 11.3 billion.

Attributes	Details
Liquid Carton Packaging Market Value for 2024	USD 8.8 billion
Projected Market Value for 2034	USD 11.3 billion
Value-based CAGR of Market for 2024 to 2034	2.6%

Liquid Packaging Carton Market Analysis Report

• Demand for liquid carton packaging is growing as a result of the increased need for milk cartons, in line with growing milk consumption.
• Fruit-based juices are seeing increasing popularity in line with rising fitness obsession among consumers, which is aiding the liquid carton packaging market.
• Soft drink consumption is not abating and thus the use of liquid carton packaging for soft drink purposes is rising.
• Alcoholic drinks are a developing avenue for the growth of the liquid carton packaging industry.
• As the manufacture of carbonated water grows, liquid canton packaging is increasingly called upon to secure carbonated water drinks.

Trends in Liquid Carton Packaging Market

• In line with sustainability trends, liquid cartons are being increasingly manufactured with sustainability in mind i.e. without plastic coating.
• Liquid carton packaging is coming with bright patterns and creative designs to appeal to a younger crowd.
• Liquid meals are reaching consumers courtesy of liquid carton packaging, and thus the market is penetrating the geriatric population.
• Innovations are diversifying the drinks available and the scope of the liquid carton packaging market.
• Functionality provided by liquid carton packaging, such as longer shelf life and safety in transportation, is ensuring the demand for the product is maintained.
• Plastic is still the dominant material in liquid carton packaging and with growing disdain over the use of the material, the market growth is being hindered.
• Presence of alternatives like glass packaging solutions slows down the growth of the market.
• As an increasing number of the younger generations turn towards veganism, the demand for milk packaging is cut, adversely affecting the liquid carton packaging market.
• Growing disdain over the ingredients in carbonated drinks is expected to restrain the growth of the market.

Category-wise Outlook

Brick cartons are firm in their position at the top of the product type segment. Dairy products are the predominant products encased in liquid carton packaging.

Thickness of Brick Cartons Protects their Position at the Top of the Pile

For 2024, brick cartons are expected to account for 53.4% of the market share by product type. Some of the key drivers for the increasing use of brick cartons are:

• With demand for products that optimize safety in transportation increasing, thick and secure brick cartons are being used increasingly in the food and beverage sector.
• Brick cartons are reputed to protect the products inside from contamination and moisture and are thus being increasingly being relied upon.

Attributes	Details
Top Product Type	Brick Cartons
Market Share (2024)	53.4%

Dairy Industry is the Foremost Sector When it Comes to Use of Liquid Carton Packaging

Dairy product use of liquid carton packaging is anticipated to account for 61.4% of the market share in 2024. Some of the key drivers for the progress of liquid carton packaging in the dairy industry include:

• Milk consumption is rising, with both the older and the younger generations, drinking it for its health benefits. Thus, the dairy industry has continuing need for liquid carton packaging.
• Dairy products are fragile and risk spoilage while they are being transported. Thus, rigid packaging solutions are being sought, and liquid carton packaging is fulfilling the need.

Attributes	Details
Top End Use	Dairy Products
Market Share (2024)	61.4%

Country-wise Analysis

The mammoth nature of the food and beverage industry helps the market’s prospects in the Asia Pacific. The encouragement given to the packaging industry in the region is also helping the market’s cause in the Asia Pacific.

European tendency to consume packaged food and beverages is conducive to the growth of the market. The rising disposable income of the region is also infesting the market with positivity.

Countries	CAGR
India	4.8%
Thailand	3.1%
China	4.0%
South Korea	2.4%
Spain	2.2%

India’s Humungous Milk Consumption Rates Make the Country Lucrative for the Market

The market is set to register a CAGR of 4.8% in India for the forecast period. The key drivers for growth are:

• India is reputed to be the foremost drinker of cow milk in the world. Thus, the notable milk sector is propelling the liquid carton packaging industry in India.
• Milk carton packaging is making its way outside of the urban zones in India, and thus the scope of the market is expanding.

Importance Given to Sustainability is Increasing the Demand for Eco-friendly Liquid Carton Packaging in Thailand

The CAGR for liquid carton packaging in Thailand is tipped to be 3.1% over the forecast period. Some of the key factors driving the growth are:

• Thai packaging sector is increasingly moving towards sustainability and thus liquid carton packaging made from sustainable materials is rising in popularity in Thailand.
• Thai manufacturers are incorporating branding as well as aesthetic designs to appeal to consumers.

Exorbitant Food and Beverage Needs Ensure the Demand for Liquid Carton Packaging is Maintained in China

The CAGR for liquid carton packaging in China is tipped to be 4.0% over the forecast period. Some of the key factors driving the growth are:

• China’s sizable population has extensive food and beverage needs and liquid carton packaging is aiding in feeding the Chinese population.
• Growing online sales of beverages are conducive to the growth of the market in China.

Rising Sale of Liquid Food is Accelerating Market Growth in South Korea

The market is expected to register a CAGR of 2.4% in South Korea for the forecast period. Some of the key trends include:

• South Korea’s rapidly aging population as well as fitness enthusiasts on liquid diets are increasing the demand for liquid food in the country, which is benefitting the liquid carton packaging market.
• Demand for carbonated drinks is amplifying in South Korea, which is helping the liquid carton packaging industry in the country.

Increasing Consumption of Alcohol from Cartons Helping Market’s Prospects in Spain

The market is expected to register a CAGR of 2.2% in Spain over the forecast period. Some of the key trends include:

• Alcoholic beverages being packed and shipped in cartons at an increasing rate are helping the demand for liquid carton packaging in Spain.
• Carbonated water is gaining popularity in Spain and thus liquid carton packaging is being called upon more frequently in the country.

Competitive Landscape in the Liquid Carton Packaging Market

The liquid carton packaging market is highly fragmented. Both established companies and newer players are looking to make a name for themselves in the competitive landscape of liquid carton packaging.

Collaborations and mergers are common in the market. Acquisitions and facility expansions are common sights in the country.

Recent Developments in the Liquid Carton Packaging Market

• In April 2022, GLS collaborated with Elopak AS for the development of sustainable packaging solutions in India, including cartons used for liquid.
• Also in April 2022, Tetra Pak introduced tethered caps on liquid carton packages, by collaborating with the producers of the beverages being packaged.
• In October 2023, the SIG DomeMini was launched by SIG. It is an on-the-go sustainable carton pack.
• In July 2023, Smurfit Kappa launched its pant in Rabat, Morocco. Through the means of the plant, the company aimed to expand its operations in North Africa.
• In June 2022, Nippon Paper Industries Co., Ltd. expanded its capabilities in Australia with the establishment of a new subsidiary.

Key Companies in the Liquid Carton Packaging Market

• Tetra Pak International S.A.
• Elopak AS
• SIG Combibloc Group AG
• Oji Holdings Corporation
• Nippon Paper Industries Co. Ltd.
• Adam Pack S.A.
• Stora Enso Oyj
• H.B. Fuller Company
• LAMI PACKAGING CO., LTD
• Weyerhaeuser Company
• Smurfit Kappa Group plc
• Greatview Aseptic Packaging Co. Ltd.
• TidePak Aseptic Packaging Material Co. Ltd.
• Lami Packaging (Kunshan) Co. Ltd.

Key Coverage in the Liquid Carton Packaging Industry Report

• Liquid Packaging Carton Market Share and Size Analysis
• Shaped Liquid Cartons Market Coverage
• Beverage carton packaging Market Assessment
• Tetra Pak packaging Report
• Aseptic carton packaging Growth Analysis
• Juice carton packaging Demand assessment

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background
• 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
• 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material Type
  • 5.1. Uncoated Paperboard
  • 5.2. LDPE Coated
  • 5.3. Aluminium
• 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
  • 6.1. Brick Cartons
  • 6.2. Gable Top Cartons
  • 6.3. Shaped Cartons
• 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
  • 7.1. Dairy Products
  • 7.2. Juice and Drinks
  • 7.3. Purees
  • 7.4. Other Applications
• 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Western Europe
  • 8.4. Eastern Europe
  • 8.5. South Asia and Pacific
  • 8.6. East Asia
  • 8.7. Middle East and Africa
• 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
• 16. Key Countries Market Analysis
• 17. Market Structure Analysis
• 18. Competition Analysis
  • 18.1. Elopak Inc
  • 18.2. Pactiv Evergreen Inc.
  • 18.3. Refresco Gerber N.V.
  • 18.4. SIG Combibloc Group Ltd.
  • 18.5. Tetra Pak International S.A.
  • 18.6. Nippon Paper Industries Co., Ltd
  • 18.7. TidePak Aseptic Packaging Material Co., Ltd
  • 18.8. Adam Pack s.a.
  • 18.9. Mondi Group
  • 18.10. Uflex Ltd
• 19. Assumptions & Acronyms Used
• 20. Research Methodology