Cartons ensure longer shelf life of the product, minimal wastage, and convenience, which will remain one of the key reasons responsible for sustained liquid packaging carton sales on a global level. Factors such as recyclability and environmental friendliness of liquid packaging cartons have been observed to attract beverage producers to adopt innovative packaging materials in order to introduce novel packaging solutions to the global market for liquid packaging cartons. This factor will continue to fuel the demand for innovative packaging cartons in near future. Consumers worldwide are increasingly inclining towards recyclable, biodegradable, and ecofriendly packaging, which is likely to force beverage manufacturing companies to move away from conventional packaging solutions. Moreover, governmental support for products with low carbon foot print has also been identified to be a significant factor propelling the demand for liquid packaging cartons.

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Liquid packaging cartons market was worth USD 9.49 billion in 2018 and is projected to reach USD 12.3 billion by 2025, growing at a CAGR of 3.65 % over the forecast period (2018 – 2025)

The growing environmental concerns over use of plastic packaging, recyclable nature of carton packs, and convenience over the use of glass packaging are some of the drivers that ensure the market’s growth in the coming years. However, the extensive use of plastic packaging as an alternative to carton packaging may pose a restraint for the market’s growth. High density polyethylene (HDPE) and polyethylene terepthalate (PET) are the main competitors for liquid packaging cartons. Demographics, economics and sustainability are some of the factors that will regulate the market. Innovation in packaging technology and use of renewable materials may open up significant growth opportunities for the market.

There is notable growth in food & beverage industry in Asia-Pacific owing to the rising demand for healthy and packaged water. Additionally, soft drinks have witnessed a high growth rate in terms of consumption which is likely to boost the liquid packaging cartons market growth over the next six years. Moreover, hot drinks, including tea and coffee, have taken a rise in the growth which is expected to fuel the beverage packaging, thereby, propelling the market. South America, Africa, Russia and Asia Pacific are the regions which are expected to drive growth in this market.

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Competitor Overlook:
Some of the major players in this market are Tetra Laval, Comar, Inc., Liqui-Box Corp. and Tri-Wall, and Wayerhaeuser among many others.