Liquid packaging cartons are food protected and appropriate for liquid products, for example, fruit pulp or cream concentrates. It is utilized for transportation and safe storage of liquid products. Accessible in various shapes, sizes and designs in the global market, these liquid containers are subjected to the requirement of various fluid items in addition to producer’s branding plan. The worldwide market for liquid packaging cartons was estimated at about US$ 13,286.7 Million by 2017 end and is projected to reflect a CAGR of 5.6% all through the assessment period 2017–2025.
Market Segmentation : Based on the product type, the worldwide market includes shaped cartons, gable top cartons and brick cartons. The brick carton category gained the highest revenue share of 57.8% of the overall market share during 2017 and is likely to remain dominant throughout the assessment period.
Based on the opening type, the global market includes cut opening, clip opening, straw hole opening, king twist opening and twist opening. The straw hole opening category is likely to continue its dominance in market value share terms, through the end of 2025, trailed by cut opening, clip opening and twist opening.
Based on the material type, the global market includes aluminum, uncoated paperboard and LDPE coated. The uncoated paperboard category recorded the maximum market share of close to 78% during 2017 and is anticipated to keep hold of its control all through the assessment period followed by LDPE coated and aluminium.
Based on the application, the global market includes wine & spirits, dairy products (includes yogurt & butter milk and milk), juice & drinks (includes tea, fruit juice, carbonated soft drink and coconut water) and other products. The juice & drinks category is foreseen to retain its dominance, trailed by dairy products. The wine & spirits category will moreover reflect as largely lucrative application category in the approaching years.
Based on the region, the global market is analyzed across APAC, Europe, North America, MEA and Latin America. At present, Latin America, North America and Asia Pacific together account for over 50% revenue share of the worldwide market. However, in revenue terms, Europe regional market captured maximum share in overall market during 2017, closely trailed by North America. The APAC regional market is likely to increase at a noteworthy CAGR trailed by MEA over the conjecture time frame.
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Key Market Players : The major market players operating in the worldwide market are Adam Pack s.a.,Elopak Inc.,IPI s.r.l.,Evergreen Packaging Inc.,SIG Combibloc GmbH,Refresco Gerber N.V.,Weyerhaeuser Company,Tetra Pak Inc.,TidePak Aseptic Packaging Material Co., Ltd,Nippon Paper industries Co., Ltd Others