Global Liquid Packaging Cartons (Milk, Water, Juices, Energy Drinks, Alcoholic Beverages) Market Forecasts to 2023 - ResearchAndMarkets.com
May. 16, 2018
DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Liquid Packaging Cartons Market - Segmented by Liquid Type (Milk, Water, Juices, Energy Drinks, Alcoholic Beverages) and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The liquid packaging cartons market was worth USD 9.39 billion in 2017 and is projected to reach USD 11.3 billion by 2023, growing at a CAGR of 3.02% over the forecast period (2018-2023).
The rising preference for easy-to-carry liquid foods is expected to boost the demand for these packaging cartons, thereby, fueling market growth. The changing lifestyle of people coupled with the convenience of utilizing carton packaging is projected to propel the market. In addition, liquid packaging cartons have an edge over the glass and plastic packaging, in terms of environmental-friendliness and recyclability of the material, which mitigates the wastage and reduces the product cost. Thus, the aforementioned factors are expected to drive the liquid packaging cartons market growth over the projected period.
The rising demand for convenience packaging owing to a growing population and the increase in the number of working people is expected to have a positive impact on the market growth. Furthermore, the packaging lists all the ingredients and nutritional information which adds value to the product, thereby, propelling the demand for liquid packaging. In addition, the packaging cartons help in promoting the beverage over social media along with brand awareness which is likely to boost the market growth over the forecast period. Consumers are actively looking for healthy and readily available food options which are expected to propel the utilization of packaging cartons thereby fuelling the market growth over the forecast period.
The consumption of alcohol is increasing due to which the packaging required for this is expected to gain pace. The increasing need for recyclable packaging coupled with superior benefit offered by carton packaging is projected to propel the market growth in alcohol packaging. Furthermore, this is a type of attractive packaging luring consumers to purchase with the integration of innovative ideas which is projected to fuel the alcoholic beverage packaging carton over the forecast period.
Recent DevelopmentsDecember 2017 - Malta Dairy Products Ltd. revamped their brand Benna in order to provide fresh milk in 500 ml and 1 l cartons. This is expected to increase hygiene and enhance convenience to the consumers. December 2017 - New Covent Garden Soup Company unveiled diverse product range including Pure-Pak diamond carton which is projected to ascend the product portfolio of the company thereby rising influx of revenue.
Companies MentionedElopak AS Evergreen Packaging LLC Greatview Aseptic Packaging Co. Ltd Klabin SA Liqui-Box Refresco Group N.V. SIG Global Pte. Ltd Tetra Laval International S.A. Nippon Paper Industries Co. Ltd Smurfit Kappa Group PLC SIME
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Liquid Packaging Cartons Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Company Market Share
8. Opportunities in Liquid Packaging Cartons Market
For more information about this report visit https://www.researchandmarkets.com/research/9m92rf/global_liquid?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180516005772/en/
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Related Topics:Water,Beverage Packaging
INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
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PUB: 05/16/2018 08:59 AM/DISC: 05/16/2018 08:59 AM