Liquid Packaging Cartons Market size was valued at USD 8.74 billion in 2023 and is expected to exceed USD 12.36 billion by 2036, expanding at over 2.7% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of liquid packaging cartons is assessed at USD 8.93 billion. Further, the market generated remarkable revenue in the year 2021. The growth of the market can primarily be attributed to the rising consumption of liquid packaging cartons. For instance, more than 150,000 tons of liquid cardboard packaging were consumed solely in Germany while the utilization of these cartons is estimated to rise exponentially across the globe.
Liquid packaging cartons are also known as beverage cartons and are generally utilized for the storage and transportation of liquid products such as, milk, alcohol, beverage, and others. Liquid packaging cartons are further used to provide customized packaging in accordance with the requirements of manufacturers. liquid packaging cartons market trends such as convenience recycling and skyrocketing use in the of soft drinks packaging are further anticipated to influence the growth of the market positively over the forecast period. It is observed that about USD 0.50 trillion of revenue was generated by the soft drink segment in 2022 while the per person revenue of the segment was estimated to be approximately 100 U.S. dollars in a similar year.
Growth Drivers
Challenges
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2023 |
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Forecast Year |
2024–2036 |
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CAGR |
2.7% |
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Base Year Market Size (2023) |
USD 8.74 billion |
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Forecast Year Market Size (2036) |
USD 12.36 billion |
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Regional Scope |
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The liquid packaging cartons market is segmented and analyzed for demand and supply by end-user into dairy products, liquid food, alcoholic beverages, non-carbonated soft drinks, and others, out of which, the non-carbonated soft drinks segment is projected to witness noteworthy growth over the forecast period. The growth of the segment can be accounted to the higher utilization in the soft drinks industry. For instance, in 2022, the revenue generated by the soft drink segment was estimated to be around USD 3 billion.
Our in-depth analysis of the global liquid packaging cartons market includes the following segments:
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By Carton Type |
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By Durability |
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By End-User |
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Regionally, the liquid packaging cartons market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is estimated to dominate majority revenue share by 2036, ascribed to growing disposable income in the region. For instance, the disposable personal income in the USA hit around USD 15000 billion in 2021 which increased from approximately USD 14000 billion. Furthermore, the escalating consumption of ready-to-drink beverages and significant growth in the packaging industry is expected to hike the growth of the liquid packaging cartons market over the forecast period.
April 27, 2022: Tetra Laval Group to merge its path with major brands in beverage brands to introduce the first in the world, tethered caps. These caps are launched in Spain, Germany, Baltics, Ireland, and others that are easy to recycle.
August 9, 2022: Liqui-Box Corporation to participate in PACK EXPO International 2022. Liqui-Box took participated in the expo to exhibit its new, innovative, and durable packaging solutions.
Author Credits: Rajrani Baghel
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