Liquid Packaging Cartons Sector: Growth Drivers and Challenges
Growth Drivers
- Rising Production of Milk to Boost the Market Growth - As of 2018, approximately 800 million tonnes of milk were produced across the globe which was an increase from 500 million tonnes in 1988. Milk is consumed every day in almost every house holding and in urban areas, milk is distributed in packets and cartons. As of 2021, the consumption of milk in India was estimated to be around 80,000, in the United Kingdom (6000), and in Australia (2000) thousand metric tons. Hence, such a higher consumption of milk is estimated to hike the liquid packaging cartons market growth over the forecast period.
- Increasing Consumption Ready-to-Drink Beverages - In 2020, approximately 40 million proof gallons of vodka were imported to the United States.
- Growing Disposable Income Across the Globe - Based on the statistics provided by the World Bank, it was stated that in 2020, adjusted net national income reached USD 8,784 per capita.
- Increasing Demand for Liquid Packaging Cartons in Food Packaging - According to the United States Environmental Protection Agency (EPA), it was shown that 14.5 million tons of plastic containers and packaging were produced in 2018.
Challenges
- Decline in the Utilization of Packaging Cartons due to Global Warming
- Disrupted Supply Chain due to COVID-19
- Requirement of High Initial Investment
Liquid Packaging Cartons Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
2.7% |
|
Base Year Market Size (2024) |
USD 8.98 billion |
|
Forecast Year Market Size (2037) |
USD 12.7 billion |
|
Regional Scope |
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Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of liquid packaging cartons is evaluated at USD 9.19 billion.
Liquid Packaging Cartons Market size was over USD 8.98 billion in 2024 and is poised to exceed USD 12.7 billion by 2037, growing at over 2.7% CAGR during the forecast period i.e., between 2025-2037.
North America industry is anticipated to account for largest revenue share by 2037, ascribed to growing disposable income in the region.
The major players in the market are Tetra Laval Group, BillerudKorsnäs AB, Smurrfit Kappa Group, Greatview Beijing Trading Co., Ltd, Reynolds International Pen Company, Liqui-Box Corporation, ONEX Corporation, and others.
