Description :
In the year 2015 , the global liquid packaging carton market accounted for $ 12,117 million , and is estimated to grow at a CAGR of 4.8 % from 2016 to 2022 . Food or beverage packaging is aimed toward preservation , containment , marketing & information , traceability , convenience , tamper indication , and other functions . Liquid packaging cartons are containers , which enable the safe transportation and storage of liquid products and provide customized packaging as per the manufacturers ’ marketing requirement . Characteristics such as convenience , maneuverability , recyclability , and eco-friendly material make these cartons packaging preferred solution for manufacturers . Liquid packaging cartons are specifically constructed for containing various liquids across numerous end uses , namely , milk & dairy products , packaged water , liquid food products , soft drinks , and juices .
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Change in consumer lifestyle worldwide , especially from the emerging countries , convenience in usage , and biodegradable nature of the cartons are the factors that supplement the market growth . However , stiff competition from the glass and plastic packaging industry is projected to hamper the market growth . Aseptic-based packaging is a major trend that is expected to create opportunities for liquid carton market ; it safeguards the product from microorganisms and enhances its shelf life without adding preservatives . Technological developments in production processes are expected to lead to a lower cost of production and superior sustainability , leading to improvement in performance efficiency .
Based on the type , the market is segmented into brick liquid carton , gable top carton , and shaped liquid carton . On the basis of shelf life , the market is categorized into long shelf life cartons , which is further divided into paperboard and PE ( extrusion polymer ), and aluminum . Similarly , short shelf life cartons are divided into paperboard and PE ( extrusion polymer ). By end use , it is divided into liquid dairy products , non-carbonated soft drinks , liquid foods , and alcoholic drinks .
Geographically , the market is segmented into North America , Europe , Asia-Pacific , and LAMEA . These regions are further divided at country level into U . S ., Canada , and Mexico for North America ; Germany , France , UK , Italy , and Rest of Europe for Europe ; China , India , Japan for Asia-Pacific ; and Brazil , Argentina , and South Africa for LAMEA . In the year 2015 , Europe occupied the largest market share , with North America as a close second due to major developed countries encouraging the use of liquid packaging cartons for decades . The liquid packaging cartons market is projected to witness substantial growth in widely populated countries in the Asia-Pacific regions , such as India , China , Indonesia , and Thailand .
Major companies have adopted agreement , product launches , expansions , mergers , and agreements to gain a competitive advantage in this market . The key players profiled in the report include : Elopak As
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