The global liquid packaging cartons market is segmented into type of liquid product such as dairy products, drinking water, soft drinks, fruit juices and others. Among these segments, dairy products segment is projected to grow at notable pace over the forecast period. Increasing milk consumption and production across the globe due to increasing population is envisioned to foster the growth of dairy product segment over the forecast period. Additionally, dairy products have shorter shelf life as compared to other liquids. Further, rising need to increase shelf life of dairy products is a major factor which is fuelling the need for suitable packaging solution which in turn expanding the dairy product packaging market across the globe.
Global liquid packaging cartons market is expected to register a 5.0% CAGR over the forecast period. Moreover, the market is expected to expand on the back of increasing consumption off beverage products and continuous enhancements in liquid packaging methods. Furthermore, increasing demand for liquid packaging cartons in various industries such as food & beverage industry, paint industry and others is likely to bolster the growth of liquid packaging cartons market during the forecast period.
The Asia Pacific liquid packaging cartons market is envisioned to witness remarkable growth during the forecast period. Further, milk production continues to increase steadily in many Asian countries in recent years. Furthermore, increasing consumption of dairy products in Asia Pacific is bolstering the growth liquid packaging cartons market in this region. Further, large population is also projected to enhance the growth of Asia Pacific liquid packaging cartons market in near future.
Rapid urbanization in developing nations is fuelling the demand for packaged beverage products which in turn, fostering the growth of global liquid packaging cartons market. Apart from this, swelled disposable income of the consumers and increased spending are propelling the growth of global liquid packaging cartons market.
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Advancements in Liquid Packaging Solution
Factors such as, introduction of eco-friendly and recyclable product packaging solutions, rising concerns regarding product packaging in end use industries to maintain product quality and growing online food retail market are likely to be the key factors behind the growth of global liquid packaging cartons market in near future.
Although, dominance of plastic packaging over liquid packaging cartons is likely to inhibit the growth of the liquid packaging cartons market in the near future.
The report titled “Global Liquid Packaging Cartons Market Analysis & Opportunity Outlook 2021” delivers detailed overview of the global Liquid Packaging Cartons market in terms of market segmentation by type of liquid product, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global Liquid Packaging Cartons market which includes company profiling of Tetra Laval, Reynolds Group Holdings, Comar Inc., Wayerhaeuser, Liqui-Box Corporation, SIG Combibloc, Tri-Wall,Adam Pack S.A., Elopak Inc.and Evergreen Packaging Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global Liquid Packaging Cartons market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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