Liquid Packaging Cartons Market Size, Share, Trends, Analysis and Forecasts To 2022
Global Liquid Packaging Carton market is accounted for $ 15.73 billion in 2015 and is expected to reach $ 26.42 billion by 2022 growing at a CAGR of 7.7 %. The present fast paced life has claimed demand for liquid diet, which is handy and user-friendly. The liquid packaging cartons market is much following the trend, moreover, environment friendly nature, recyclable production, better shelf life & being microbial resistant are the factors driving the market. Furthermore, demand for fuel-efficient vehicles, low carbon emitting vehicles and superior driving experience had escalated the market. However, tough competition from plastic and high cost are the factors hampering the market.
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Gable top carton segment is estimated to be the fastest growing segment in the market owing to great market demand for Tetra Packs. Moreover, PET( Polyethylene Terephthalate) and HDPE( High Density Polyethylene) is trending packaging segment due to its user-friendliness and longer shelf-life, the plastic market has developed its base making it as largest market segment. The North American market for packaging is dominating the market followed by Europe in regard to high consumption of functional liquid diets and packaged diet. Asia pacific had recorded substantial growth in India and China.
Some of the key players of the Liquid Packaging Carton market include Adam Pack s. a., Comar, Inc., Elopak Inc., Evergreen Packaging Inc., IPI s. r. l., Liqui-Box Corp., NIPPON PAPER INDUSTRIES CO., LTD, Refresco Gerber N. V., SIG Combibloc GmbH, Tetra Laval, Tetra Pak Inc., TidePak Aseptic Packaging Material Co., Ltd., Tri-Wall and Weyerhaeuser Company.
Product Types Covered: Gable Top Cartons Brick Cartons Shaped Cartons
Applications Covered: Juice & Drinks Dairy Products Wine & Spirits Other Products
Opening Types Covered: Clip Opening Cut Opening King Twist Opening