
Global Liquid Carton Market (by Shelf Life, Type, End Use, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)
Description
Global Liquid Carton Market (by Shelf Life, Type, End Use, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)
Market Insight:
Liquid packaging cartons are containers that allow liquid items to be transported and stored safely. These cartons are mostly used to pack fast-moving consumer goods (FMCG). Liquid packing cartons come in a variety of sizes, shapes, and application kinds, and they are simple to design and model to meet the needs of the packager.
The market would expand in the coming years as a result of increased packaged beverage consumption, rising health and wellness expenditure, and rapid urbanization. The global liquid carton market is projected to reach US$15.64 billion in 2023, witnessing growth at a CAGR of 3.17%, during the forecasted. Furthermore, the global liquid carton market volume is expected to rise to 246.60 billion units by 2023, growing at a CAGR of 4.02%, during the forecasted projected period.
Segment Covered:
- By Shelf Life: On the basis of the shelf life, the report provides the bifurcation of the global liquid carton market into two segments: Aseptic Liquid Carton and Fresh Liquid Carton. Aseptic liquid carton segment held a major share in the market. On the other hand, the Fresh liquid carton segment is expected to grow at a significant CAGR in the forthcoming years owing to the growing health and fitness trend, convenience and distribution efficiency and growing use of sustainable alternative.
- By Type: In terms of type, the report provides the bifurcation of the market into three segments: Brick liquid carton, gable top carton and shaped liquid carton. The brick liquid carton segment held largest share in the market. This was being followed by gable top carton and shaped liquid carton segment.
- By End Use: The report provides the bifurcation of the market into three segments based on the end use: Dairy products, juice and others. The dairy products segment held highest share in the fresh liquid carton liquid carton market, as well as in the aseptic liquid carton market.
According to this report, the liquid carton market can be divided into five major regions, namely North America, Europe, Asia Pacific, Middle East & North Africa and Latin America. The countries covered in North America region are the US, Mexico, Canada, while Europe includes UK, Germany, France, Spain, Italy and Rest of Europe. Moreover, China, Japan, India, South Korea and Rest of Asia Pacific are included in the Asia Pacific region.
Asia Pacific held the major share in the market, owing to rising demand for packaged milk and increasing consumer awareness regarding highly sustainable packaging in this region. Within Europe, Germany is leading the market, due to increasing demand of plant based beverages. Whereas, in the North America region, the US is dominating the market due to increase in disposable income and change in lifestyles.
Top Impacting Factors:
Growth Drivers
- Increased Consumption of Packaged Beverages
- Growing Health & Wellness Spending
- Convenience and Distribution Efficiency
- Longer Shelf Life
- Surge in Usage of Alternative Packaging Material
- Reduced Milk Consumption
- Increased Consumption of Milk Alternatives
- Surge in Consumption of Ready to Drink Beverages
- Innovative and Attractive Packaging
- Expansion of Different Industries
- Driver: Longer Shelf Life
- Challenge: Surge in Usage of Alternative Packaging Material
- Trend: Expansion of Different Industries
The COVID-19 Analysis:
In the wake of COVID-19, the food & beverage industry saw dramatic impact which affected the liquid packaging carton market negatively. During the initial phase of COVID-19 restrictions, the unprecedented lockdowns across various countries created a havoc among the consumers. This led the stockpiling of packaged beverages such as juices and dairy items thus increasing the demand for liquid packaging cartons during the initial period of COVID-19 restrictions.
In later phases of the lockdown, aluminum shortages from the closing of recycling operations and flavoring shortages affected soda companies. From the food services sector, when arenas and sporting venues were closed, demand for packaged food and beverages declined thus reducing the use of liquid packaging cartons. Though at-home consumption of packaged beverages increased, but out-of-home consumption – which historically generates the highest margin came to nearly a standstill.
Analysis of Key Players:
The global liquid carton market is dominated by Tetra Pak (Tetra Laval Group), by occupying around two-third share of the market. The key players in the global liquid carton market are:
- Mondi plc
- Tetra Laval Group
- Refresco Group B.V.
- Pactiv Evergreen Inc.
- Greatview Aseptic Packaging Company
- BillerudKorsnäs
- Ferd Group
- Liquid Box
- Nippon Paper Industries Co., Ltd.
- Uflex Limited
- Adam Pack S.A.
- Smurfit Kappa Group plc
Table of Contents
163 Pages
- 1. Executive Summary
- 2. Introduction
- 2.1 Liquid Packaging Cartons: An Overview
- 2.1.1 Definition of Liquid Packaging Cartons
- Table 1: Liquid Carton Advantages
- 2.2 Liquid Carton Segmentation: An Overview
- 2.2.1 Liquid Carton Segmentation
- Table 2: Liquid Carton Segmentation
- 3. Global Market Analysis
- 3.1 Global Liquid Carton Market: An Analysis
- 3.1.1 Global Liquid Carton Market: An Overview
- 3.1.2 Global Liquid Carton Market by Value
- Table 3: Global Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 4: Global Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 3.1.3 Global Liquid Carton Market by Shelf Life (Aseptic and Fresh)
- Table 5: Global Liquid Carton Market by Shelf Life; 2021 (Percentage, %)
- 3.1.4 Global Liquid Carton Market by Type (Brick Liquid Carton, Gable Top Carton And Shaped Liquid Carton)
- Table 6: Global Liquid Carton Market by Type; 2021 (Percentage, %)
- 3.1.5 Global Liquid Carton Market by Region (Asia Pacific, North America, Europe, Middle East & North Africa and Latin America)
- Table 7: Global Liquid Carton Market by Region; 2021 (Percentage, %)
- 3.2 Global Liquid Carton Market: Shelf Life Analysis
- 3.2.1 Global Liquid Carton Market by Shelf Life: An Overview
- 3.2.2 Global Aseptic Liquid Carton Market by Value
- Table 8: Global Aseptic Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 9: Global Aseptic Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 3.2.3 Global Fresh Liquid Carton Market by Value
- Table 10: Global Fresh Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 11: Global Fresh Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 3.3 Global Liquid Carton Market By Volume: An Analysis
- 3.3.1 Global Liquid Carton Market By Volume: An Overview
- 3.3.2 Global Liquid Carton Market By Volume
- Table 12: Global Liquid Carton Market By Volume; 2017-2021 (Billion Units)
- Table 13: Global Liquid Carton Market By Volume; 2022-2027 (Billion Units)
- 3.3.3 Global Liquid Carton Market Volume by Shelf Life (Aseptic and Fresh)
- Table 14: Global Liquid Carton Market Volume by Shelf Life; 2021 (Percentage, %)
- 3.3.4 Global Liquid Carton Market Volume by End Use (Dairy Products, Juice and Others)
- Table 15: Global Fresh Liquid Carton Market Volume by End Use; 2021 (Percentage, %)
- Table 16: Global Aseptic Liquid Carton Market Volume by End Use; 2021 (Percentage, %)
- 3.3.5 Global Liquid Carton Market Volume by Region (Asia Pacific, North America, Europe, Middle East & North Africa and Latin America)
- Table 17: Global Liquid Carton Market Volume by Region; 2021 (Percentage, %)
- 3.4 Global Liquid Carton Market Volume: Shelf Life Analysis
- 3.4.1 Global Liquid Carton Market Volume by Shelf Life: An Overview
- 3.4.2 Global Aseptic Liquid Carton Market by Volume
- Table 18: Global Aseptic Liquid Carton Market by Volume; 2017-2021 (Billion Units)
- Table 19: Global Aseptic Liquid Carton Market by Volume ; 2022-2027 (Billion Units)
- 3.4.3 Global Fresh Liquid Carton Market by Volume
- Table 20: Global Fresh Liquid Carton Market by Volume; 2017-2021 (Billion Units)
- Table 21: Global Fresh Liquid Carton Market by Volume; 2022-2027 (Billion Units)
- 4. Regional Market Analysis
- 4.1 Asia Pacific Liquid Carton Market: An Analysis
- 4.1.1 Asia Pacific Liquid Carton Market: An Overview
- 4.1.2 Asia Pacific Liquid Carton Market by Value
- Table 22: Asia Pacific Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 23: Asia Pacific Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.1.3 Asia Pacific Liquid Carton Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific)
- Table 24: Asia Pacific Liquid Carton Market by Region; 2021 (Percentage, %)
- 4.1.4 China Liquid Carton Market by Value
- Table 25: China Liquid Carton Market by Value, 2017-2021 (US$ Billion)
- Table 26: China Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.1.5 Japan Liquid Carton Market by Value
- Table 27: Japan Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 28: Japan Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.1.6 India Liquid Carton Market by Value
- Table 29: India Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 30: India Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.1.7 South Korea Liquid Carton Market by Value
- Table 31: South Korea Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 32: South Korea Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.1.8 Rest of Asia Pacific Liquid Carton Market by Value
- Table 33: Rest of Asia Pacific Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 34: Rest of Asia Pacific Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.1.9 Asia Pacific Liquid Carton Market By Volume: An Overview
- 4.1.10 Asia Pacific Liquid Carton Market By Volume
- Table 35: Asia Pacific Liquid Carton Market By Volume; 2017-2021 (Billion Units)
- Table 36: Asia Pacific Liquid Carton Market By Volume; 2022-2027 (Billion Units)
- 4.2 Europe Liquid Carton Market: An Analysis
- 4.2.1 Europe Liquid Carton Market: An Overview
- 4.2.2 Europe Liquid Carton Market by Value
- Table 37: Europe Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 38: Europe Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.2.3 Europe Liquid Carton Market by Region (UK, Germany, France, Spain, Italy and Rest of Europe)
- Table 39: Europe Liquid Carton Market by Region; 2021 (Percentage, %)
- 4.2.4 Germany Liquid Carton Market by Value
- Table 40: Germany Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 41: Germany Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.2.5 France Liquid Carton Market by Value
- Table 42: France Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 43: France Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.2.6 United Kingdom Liquid Carton Market by Value
- Table 44: United Kingdom Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 45: United Kingdom Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.2.7 Italy Liquid Carton Market by Value
- Table 46: Italy Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 47: Italy Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.2.8 Spain Liquid Carton Market by Value
- Table 48: Spain Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 49: Spain Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.2.9 Rest of Europe Liquid Carton Market by Value
- Table 50: Rest of Europe Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 51: Rest of Europe Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.2.10 Europe Liquid Carton Market By Volume: An Overview
- 4.2.11 Europe Liquid Carton Market By Volume
- Table 52: Europe Liquid Carton Market By Volume; 2017-2021 (Billion Units)
- Table 53: Europe Liquid Carton Market By Volume; 2022-2027 (Billion Units)
- 4.3 North America Liquid Carton Market: An Analysis
- 4.3.1 North America Liquid Carton Market: An Overview
- 4.3.2 North America Liquid Carton Market by Value
- Table 54: North America Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 55: North America Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.3.3 North America Liquid Carton Market by Region (The US, Mexico, and Canada)
- Table 56: North America Liquid Carton Market by Region; 2021 (Percentage, %)
- 4.3.4 The US Liquid Carton Market by Value
- Table 57: The US Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 58: The US Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.3.5 Canada Liquid Carton Market by Value
- Table 59: Canada Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 60: Canada Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.3.6 Mexico Liquid Carton Market by Value
- Table 61: Mexico Liquid Carton Market by Value; 2017-2021 (US$ Million)
- Table 62: Mexico Liquid Carton Market by Value; 2022-2027 (US$ Million)
- 4.3.7 North America Liquid Carton Market By Volume: An Overview
- 4.3.8 North America Liquid Carton Market By Volume
- Table 63: North America Liquid Carton Market By Volume; 2017-2021 (Billion Units)
- Table 64: North America Liquid Carton Market By Volume; 2022-2027 (Billion Units)
- 4.4 Middle East & North Africa Liquid Carton Market: An Analysis
- 4.4.1 Middle East & North Africa Liquid Carton Market: An Overview
- 4.4.2 Middle East & North Africa Liquid Carton Market by Value
- Table 65: Middle East & North Africa Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 66: Middle East & North Africa Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.4.3 Middle East & North Africa Liquid Carton Market By Volume: An Overview
- 4.4.4 Middle East & North Africa Liquid Carton Market By Volume
- Table 67: Middle East & North Africa Liquid Carton Market By Volume; 2017-2021 (Billion Units)
- Table 68: Middle East & North Africa Liquid Carton Market By Volume; 2022-2027 (Billion Units)
- 4.5 Latin America Liquid Carton Market: An Analysis
- 4.5.1 Latin America Liquid Carton Market: An Overview
- 4.5.2 Latin America Liquid Carton Market by Value
- Table 69: Latin America Liquid Carton Market by Value; 2017-2021 (US$ Billion)
- Table 70: Latin America Liquid Carton Market by Value; 2022-2027 (US$ Billion)
- 4.5.3 Latin America Liquid Carton Market By Volume: An Overview
- 4.5.4 Latin America Liquid Carton Market By Volume
- Table 71: Latin America Liquid Carton Market By Volume; 2017-2021 (Billion Units)
- Table 72: Latin America Liquid Carton Market By Volume; 2022-2027 (Billion Units)
- 5. Impact of COVID-19
- 5.1 Impact of COVID-19
- 5.1.1 Impact of COVID-19 on Liquid Carton Market
- 5.1.2 Impact of COVID-19 on Consumption of Beverages
- Table 73: Global Beverage Consumption, 2019-2020 (Billion Liters)
- 5.1.3 Impact of COVID-19 on Travel Restrictions
- Table 74: Global Share of the Total GDP generated by the Travel and Tourism Industry; 2017-2021 (Percentage, %)
- 5.1.4 Impact of COVID-19 on Bulk Buying
- Table 75: Share Of Consumers That Stockpiled Food by Region; March 2020 (Percentage, %)
- 5.1.5 Post-COVID Scenario
- 6. Market Dynamics
- 6.1 Growth Drivers
- 6.1.1 Rapid Urbanization
- Table 76: Global Urban Population; 2016-2020 (Billion)
- 6.1.2 Rise in Disposable Income
- Table 77: Global Gross National Income (GNI) Per Capita; 2017-2021 (US$ Million)
- 6.1.3 Increased Consumption of Packaged Beverages
- Table 78: Global Consumption of Packaged Beverages by Region; 2020 & 2023 (Billion Liters)
- 6.1.4 Growing Health & Wellness Spending
- Table 79: Global Wellness Market; 2019-2025 (US$ Trillion)
- 6.1.5 Convenience and Distribution Efficiency
- 6.1.6 Longer Shelf Life
- 6.1.7 Sustainable Alternative
- 6.2 Challenges
- 6.2.1 Surge in Usage of Alternative Packaging Material
- Table 80: Global Beverage Market By Packaging Material; 2020 (Per Units Filled)
- 6.2.2 Reduced Milk Consumption
- Table 81: Global Milk Consumption; 2019-2025 (Billion Liters)
- 6.3 Market Trends
- 6.3.1 Increased Consumption of Milk Alternatives
- Table 82: Global Dairy Alternatives Market; 2020-2025 (US$ Billion)
- 6.3.2 Surge in Consumption of Ready to Drink Beverages
- Table 83: Global Ready to Drink Beverages Market; 2020-2025 (US$ Billion)
- 6.3.3 Innovative and Attractive Packaging
- 6.3.4 Expansion of Different Industries
- 7. Competitive Landscape
- 7.1 Global Liquid Carton Players by Market Share
- Table 84: Global Liquid Carton Players by Market Share; 2021 (Percentage, %)
- 7.2 Global Aseptic Liquid Carton Market Share by Region
- Table 85: Global Aseptic Liquid Carton Market Share by Region; 2021 (Percentage, %)
- 8. Company Profiles
- 8.1 Tetra Laval Group
- 8.1.1 Business Overview
- 8.1.2 Operating Segment
- Table 86: Tetra Laval Group Net Sales by Operating Segments; 2021 (Percentage, %)
- 8.1.3 Business Strategy
- 8.2 Mondi plc
- 8.2.1 Business Overview
- 8.2.2 Operating Segment
- Table 87: Mondi plc Revenue by Segment; 2021 (Percentage, %)
- 8.2.3 Business Strategy
- 8.3 SIG Combibloc Group AG
- 8.3.1 Business Overview
- 8.3.2 Operating Segment
- Table 88: SIG Combibloc Group AG Revenue by Segment; 2021 (Percentage, %)
- 8.3.3 Business Strategy
- 8.4 BillerudKorsnäs
- 8.4.1 Business Overview
- 8.4.2 Operating Segment
- Table 89: BillerudKorsnäs Net Sales by Operating Segments; 2021 (Percentage, %)
- 8.4.3 Business Strategy
- 8.5 Refresco Group B.V.
- 8.5.1 Business Overview
- 8.5.2 Operating Segments
- Table 90: Refresco Group B.V. Revenue by Segment; 2021 (Percentage, %)
- 8.5.3 Business Strategy
- 8.6 Pactiv Evergreen Inc.
- 8.6.1 Business Overview
- 8.6.2 Operating Segment
- Table 91: Pactiv Evergreen Inc. Net Revenues by Segments; 2021 (Percentage, %)
- 8.6.3 Business Strategy
- 8.7 Greatview Aseptic Packaging Company
- 8.7.1 Business Overview
- 8.7.2 Operating Segment
- Table 92: Greatview Aseptic Packaging Company Revenue by Segments; 2021 (Percentage, %)
- 8.7.3 Business Strategy
- 8.8 Ferd Group (Elopak)
- 8.8.1 Business Overview
- 8.8.2 Business Strategy
- 8.9 Adam Pack S.A.
- 8.9.1 Business Overview
- 8.10 Smurfit Kappa Group plc
- 8.10.1 Business Overview
- 8.10.2 Operating Segment
- Table 93: Smurfit Kappa Group plc Revenue by Segment; 2021 (Percentage, %)
- 8.10.3 Business Strategy
- 8.11 Liqui Box
- 8.11.1 Business Overview
- 8.11.2 Business Strategy
- 8.12 Nippon Paper Industries Co., Ltd.
- 8.12.1 Business Overview
- 8.13 Uflex Limited
- 8.13.1 Business Overview
- 8.13.2 Operating Segment
- Table 94: Uflex Limited Revenue by Segments; 2021 (Percentage, %)
- 8.13.3 Business Strategy
Pricing
Currency Rates
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