Beverage Cartons Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Beverage Cartons Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Beverage Cartons Market
The beverage cartons market size was valued at USD 16.51 billion in 2020, and the market is now projected to grow from USD 16.77 billion in 2021 to USD 22.44 billion by 2028, exhibiting a CAGR of 4.2% during the forecast period of 2021-2028.
Government has put restrictions on social gatherings, events and moving out from home which make the people homesick. Numerous companies are encountering hurdles due to covid pandemic as the outbreak situation has curtailed production and supply chain which has hindered the market switched to treating covid patients as priority over the other procedures which led the beverage cartons market growth. Additionally, manpower shortages affected manufacturing plants and slowed production due to movement restrictions and lockdowns in several regions. Stopped providing on-site maintenance and installations market growth sputtered amid the pandemic. Production facilities throughout the nations have been hindered by the abrupt lockdown. The epidemic has also had a negative impact on facial recognition door lock manufacturing and production facilities. The disruption in the supply chain and the decreased availability of labor, staff, and resources are the causes of this. As a result, the market's growth rate has decreased.
Increasing packaged dairy product consumption to support market growth during forecast period. But as the pandemic has accelerated in recent years, individuals are reverting to traditional shopping practices, which has led to a greater consumption of milk and milk products. According to a Midwest Farm study, the demand for milk increased by 45 million gallons in the two peak weeks of March 2020, matching its one-year fall in the previous year, following the pandemic. Growing Use of Smart Technologies to Accelerate Market Development during forecast period. With businesses incorporating technology like artificial intelligence, machine learning, artificial neural networks, and source tracking systems into their products, the packaging sector is undergoing a digital transformation. They can put together better items, help generate consumer data, support the goal of attracting customers, monitor supply chain flaws, and increase their profit margins with the aid of these technologies. The beverage packaging industry, especially the carton vertical, has also been affected by this trend.
Emerging economies' growing need for convenient packaging will fuel growth during forecast period. Due to their vast populations, developing nations in Asia Pacific and Latin America are seeing a sharp increase in demand for packaging items that improve convenience. Additionally, these packets are readily available in supermarkets and hypermarkets as well as physical retail stores, making them simple to obtain. During the industry forecast period, this is anticipated to support the expansion of the global beverage carton market. Consumer confidence has also increased as a result of marketing initiatives introduced by the manufacturers and businesses using these boxes. For example, Tetra Pak's beverage cartons were used to introduce milk and milkshake products by Amul, one of India's top dairy associations. Tetra Packs, which aid in convenient transportation and long shelf life, were the marketing name for these packaging. Tetra packs become synonymous with beverage cartons in the nation as a result of this factor.
Comprehensive Analysis of Beverage Cartons Market
The beverage cartons market and packaging industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessment considering the dominant supply and demand forces that impact the packaging benefit management industry. These segmentations are methodically segregated by types and by application. The types of devices include, By Type segmentations include Refrigerated Carton, Shelf-Stable Carton, By Application segmentations include Fruit & Vegetable Juices, Dairy Products, and Others.
The Asia Pacific region lead the beverage cartons market by benefitting a market size of USD 5.70 billion in 2020 due to increasing packaged dairy product consumption and emerging economies' growing need for convenient packaging.
The top players in the market play a crucial role in the packaging industry assuring industrial prospectus growth and setting market standards. These prominent key industry players include, Tetra Pak (Switzerland), Elopak (Norway), Sig Combibloc Group Ltd. (Switzerland), Mondi Group (UK), Westrock Company (U.S.), Visy (Australia), Stora Enso (Finland), Pactiv Evergreen (U.S.), IPI S.r.l. (Italy), Greatview Aseptic Packaging Co. Ltd. (China), Other Key Players these market players provide a level-playing competitive landscape.
In November 2020, Together with Stora Enso, Tetra Pak investigated the feasibility of constructing a new recycling line in order to greatly boost the recycling of old beverage cartons in Central and Eastern Europe.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2017-2028
Base Year
2020
Forecast Period
2021-2028
Historical Period
2017-2019
Unit
Value (USD Billion)
Segmentation
By Type, By Application, and By Geography
By Type
Refrigerated Cartons
Shelf-Stable Cartons
By Application
Fruit & Vegetable Juices
Dairy Products
Others
By Geography
North America (By Type, By Application, By Country)
- The U.S.
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- India
- Japan
- Rest of Asia Pacific
- Brazil
- Mexico
- Rest of Latin America
- GCC
- Rest of the Middle East & Africa
Table of Contents
142 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Market Trends
- 4.2. Latest Technological Advancements
- 4.3. Insights on Regulatory Scenario
- 4.4. Porters Five Forces Analysis
- 4.5. Key developments
- 5. Covid-19 Impact Analysis
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by companies to overcome the impact
- 5.3. Opportunities due to COVID-19 outbreak
- 6. Global Beverage Cartons Market Analysis, Insights and Forecast – By Type, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type (Value)
- 6.2.1. Refrigerated Cartons
- 6.2.2. Shelf-Stable Cartons
- 7. Global Beverage Cartons Market Analysis, Insights and Forecast – By Application, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Application (Value)
- 7.2.1. Fruit & Vegetable Juices
- 7.2.2. Dairy Products
- 7.2.3. Others
- 8. Global Beverage Cartons Market Analysis, Insights and Forecast – By Region, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Region
- 8.2.1. North America
- 8.2.2. Europe
- 8.2.3. Asia Pacific
- 8.2.4. Latin America
- 8.2.5. Middle East & Africa
- 9. North America Beverage Cartons Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Type (Value)
- 9.2.1. Refrigerated Cartons
- 9.2.2. Shelf-Stable Cartons
- 9.3. Market Analysis – By Application (Value)
- 9.3.1. Fruit & Vegetable Juices
- 9.3.2. Dairy Products
- 9.3.3. Others
- 9.4. Market Analysis – By Country (Value)
- 9.4.1. U.S.
- 9.4.2. Canada
- 10. Europe Beverage Cartons Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. Market Analysis – By Type (Value)
- 10.2.1. Refrigerated Cartons
- 10.2.2. Shelf-Stable Cartons
- 10.3. Market Analysis – By Application (Value)
- 10.3.1. Fruit & Vegetable Juices
- 10.3.2. Dairy Products
- 10.3.3. Others
- 10.4. Market Analysis – By Country (Value)
- 10.4.1. Germany
- 10.4.2. France
- 10.4.3. UK
- 10.4.4. Italy
- 10.4.5. Spain
- 10.4.6. Rest of Europe
- 11. Asia Pacific Beverage Cartons Market Analysis, Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. Market Analysis – By Country
- 11.2.1. China
- 11.2.2. India
- 11.2.3. Japan
- 11.2.4. Rest of Asia Pacific
- 11.3. Market Analysis – By Type (Value)
- 11.3.1. Refrigerated Cartons
- 11.3.2. Shelf-Stable Cartons
- 11.4. Market Analysis – By Application (Value)
- 11.4.1. Fruit & Vegetable Juices
- 11.4.2. Dairy Products
- 11.4.3. Others
- 12. Latin America Beverage Cartons Market Analysis, Insights and Forecast, 2017-2028
- 12.1. Key Findings / Summary
- 12.2. Market Analysis – By Country (Value)
- 12.2.1. Brazil
- 12.2.2. Mexico
- 12.2.3. Rest of Latin America
- 12.3. Market Analysis – By Type (Value)
- 12.3.1. Refrigerated Cartons
- 12.3.2. Shelf-Stable Cartons
- 12.4. Market Analysis – By Application (Value)
- 12.4.1. Fruit & Vegetable Juices
- 12.4.2. Dairy Products
- 12.4.3. Others
- 13. Middle East & Africa Beverage Cartons Market Analysis, Insights and Forecast, 2017-2028
- 13.1. Key Findings / Summary
- 13.2. Market Analysis – By Country (Value)
- 13.2.1. South Africa
- 13.2.2. GCC
- 13.2.3. Rest of Middle East & Africa
- 13.3. Market Analysis – By Type (Value)
- 13.3.1. Refrigerated Cartons
- 13.3.2. Shelf-Stable Cartons
- 13.4. Market Analysis – By Application (Value)
- 13.4.1. Fruit & Vegetable Juices
- 13.4.2. Dairy Products
- 13.4.3. Others
- 14. Company Profiles (Overview, Products & Services, Recent Developments, Strategies, Financials (based on availability))
- 14.1. Tetra Pak
- 14.1.1. Overview,
- 14.1.2. Products & Services,
- 14.1.3. Recent Developments,
- 14.1.4. Strategies,
- 14.1.5. Financials (based on availability)
- 14.2. Elopak
- 14.2.1. Overview,
- 14.2.2. Products & Services,
- 14.2.3. Recent Developments,
- 14.2.4. Strategies,
- 14.2.5. Financials (based on availability)
- 14.3. SIG Combibloc Group Ltd.
- 14.3.1. Overview,
- 14.3.2. Products & Services,
- 14.3.3. Recent Developments,
- 14.3.4. Strategies,
- 14.3.5. Financials (based on availability)
- 14.4. Mondi Group
- 14.4.1. Overview,
- 14.4.2. Products & Services,
- 14.4.3. Recent Developments,
- 14.4.4. Strategies,
- 14.4.5. Financials (based on availability)
- 14.5. Westrock Company
- 14.5.1. Overview,
- 14.5.2. Products & Services,
- 14.5.3. Recent Developments,
- 14.5.4. Strategies,
- 14.5.5. Financials (based on availability)
- 14.6. Visy
- 14.6.1. Overview,
- 14.6.2. Products & Services,
- 14.6.3. Recent Developments,
- 14.6.4. Strategies,
- 14.6.5. Financials (based on availability)
- 14.7. Stora Enso
- 14.7.1. Overview,
- 14.7.2. Products & Services,
- 14.7.3. Recent Developments,
- 14.7.4. Strategies,
- 14.7.5. Financials (based on availability)
- 14.8. Pactiv Evergreen
- 14.8.1. Overview,
- 14.8.2. Products & Services,
- 14.8.3. Recent Developments,
- 14.8.4. Strategies,
- 14.8.5. Financials (based on availability)
- 14.9. IPI S.r.l.
- 14.9.1. Overview,
- 14.9.2. Products & Services,
- 14.9.3. Recent Developments,
- 14.9.4. Strategies,
- 14.9.5. Financials (based on availability)
- 14.10. Greatview Aseptic Packaging Ltd.
- 14.10.1. Overview,
- 14.10.2. Products & Services,
- 14.10.3. Recent Developments,
- 14.10.4. Strategies,
- 14.10.5. Financials (based on availability)
- 14.11. Other Key Players
- 14.11.1. Overview,
- 14.11.2. Products & Services,
- 14.11.3. Recent Developments,
- 14.11.4. Strategies,
- 14.11.5. Financials (based on availability)
- 15. Strategic Recommendations
Pricing
Currency Rates
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