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Global Liquid Carton Market (by Shelf Life, Type, End Use, & Region): Insights and Forecast with Potential Impact of COVID-19 (2022-2027)

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    Report

  • 163 Pages
  • October 2023
  • Region: Global
  • Koncept Analytics
  • ID: 5520984
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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.

Geographic Coverage

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

Challenges

- Surge in Usage of Alternative Packaging Material
- Reduced Milk Consumption

Trends

- 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

Introduction of aseptic cartons in the market has boosted the growth of this liquid packaging carton market as they are known for increased shelf life of liquid products. Aseptic cartons are primarily made of paperboard, with thin layers of plastic and aluminum. These cartons help to preserve food over a substantial period of time without adding preservatives. This type of packaging thus help consumers to keep food and beverages around for a lot longer than the typical shelf-life. This encourages the consumers to buy beverages in bulk as the content remain fresh for a substantial period of time. This increases the demand of packed beverages which directly supplements the growth of liquid packaging carton market.

Challenge: Surge in Usage of Alternative Packaging Material

Consumers prefer a plastic container for packaging of the liquid food product as it offers easy transportation and is cost-effective. Also, High-density polyethylene and polyethylene terephthalate (PET) are highly preferred plastic material as it is lightweight, corrosion resistance, and offers excellent thermal insulation properties. Furthermore, high price of raw materials used to manufacture packaging cartons for beverages persuade the consumers to switch to alternative packaging. This is expected to restrict the demand for liquid packaging cartons.

Trend: Expansion of Different Industries

Liquid packaging carton manufacturers can tap into the homecare products market by providing easy handling and environment-friendly packaging solutions. Moreover, the advent of twist cap for liquid packaging cartons is another major trend observed in the liquid packaging market for providing easy handling and closure options for the consumers. Hence, this trend would help the manufacturers to expand to different industries such as homecare, beauty and lifestyle. Products such as dishwashing liquids, washing machine liquids, serums, facial oils can be stored in the liquid cartons as they are both travel friendly and convenient to use. This is expected to augment the market growth of the liquid packaging cartons over the forecast period.

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., SIG Combibloc Group AG, Greatview Aseptic Packaging Company, BillerudKorsnäs, Ferd Group, Liquid Box, Nippon Paper Industries Co., Ltd., Uflex Limited, Adam Pack S.A., and Smurfit Kappa Group plc.

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Table of Contents


1. Executive Summary
2. Introduction
2.1 Liquid Packaging Cartons: An Overview
2.1.1 Definition of Liquid Packaging Cartons
2.2 Liquid Carton Segmentation: An Overview
2.2.1 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
3.1.3 Global Liquid Carton Market by Shelf Life (Aseptic and Fresh)
3.1.4 Global Liquid Carton Market by Type (Brick Liquid Carton, Gable Top Carton And Shaped Liquid Carton)
3.1.5 Global Liquid Carton Market by Region (Asia Pacific, North America, Europe, Middle East & North Africa and Latin America)
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
3.2.3 Global Fresh Liquid Carton Market by Value
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
3.3.3 Global Liquid Carton Market Volume by Shelf Life (Aseptic and Fresh)
3.3.4 Global Liquid Carton Market Volume by End Use (Dairy Products, Juice and Others)
3.3.5 Global Liquid Carton Market Volume by Region (Asia Pacific, North America, Europe, Middle East & North Africa and Latin America)
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
3.4.3 Global Fresh Liquid Carton Market by Volume
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
4.1.3 Asia Pacific Liquid Carton Market by Region (China, Japan, India, South Korea and Rest of Asia Pacific)
4.1.4 China Liquid Carton Market by Value
4.1.5 Japan Liquid Carton Market by Value
4.1.6 India Liquid Carton Market by Value
4.1.7 South Korea Liquid Carton Market by Value
4.1.8 Rest of Asia Pacific Liquid Carton Market by Value
4.1.9 Asia Pacific Liquid Carton Market By Volume: An Overview
4.1.10 Asia Pacific Liquid Carton Market By Volume
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
4.2.3 Europe Liquid Carton Market by Region (UK, Germany, France, Spain, Italy and Rest of Europe)
4.2.4 Germany Liquid Carton Market by Value
4.2.5 France Liquid Carton Market by Value
4.2.6 United Kingdom Liquid Carton Market by Value
4.2.7 Italy Liquid Carton Market by Value
4.2.8 Spain Liquid Carton Market by Value
4.2.9 Rest of Europe Liquid Carton Market by Value
4.2.10 Europe Liquid Carton Market By Volume: An Overview
4.2.11 Europe Liquid Carton Market By Volume
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
4.3.3 North America Liquid Carton Market by Region (The US, Mexico, and Canada)
4.3.4 The US Liquid Carton Market by Value
4.3.5 Canada Liquid Carton Market by Value
4.3.6 Mexico Liquid Carton Market by Value
4.3.7 North America Liquid Carton Market By Volume: An Overview
4.3.8 North America Liquid Carton Market By Volume
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
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
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
4.5.3 Latin America Liquid Carton Market By Volume: An Overview
4.5.4 Latin America Liquid Carton Market By Volume
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
5.1.3 Impact of COVID-19 on Travel Restrictions
5.1.4 Impact of COVID-19 on Bulk Buying
5.1.5 Post-COVID Scenario
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Rapid Urbanization
6.1.2 Rise in Disposable Income
6.1.3 Increased Consumption of Packaged Beverages
6.1.4 Growing Health & Wellness Spending
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
6.2.2 Reduced Milk Consumption
6.3 Market Trends
6.3.1 Increased Consumption of Milk Alternatives
6.3.2 Surge in Consumption of Ready to Drink Beverages
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
7.2 Global Aseptic Liquid Carton Market Share by Region
8. Company Profiles
8.1 Tetra Laval Group
8.1.1 Business Overview
8.1.2 Operating Segment
8.1.3 Business Strategy
8.2 Mondi plc
8.2.1 Business Overview
8.2.2 Operating Segment
8.2.3 Business Strategy
8.3 SIG Combibloc Group AG
8.3.1 Business Overview
8.3.2 Operating Segment
8.3.3 Business Strategy
8.4 BillerudKorsnäs
8.4.1 Business Overview
8.4.2 Operating Segment
8.4.3 Business Strategy
8.5 Refresco Group B.V.
8.5.1 Business Overview
8.5.2 Operating Segments
8.5.3 Business Strategy
8.6 Pactiv Evergreen Inc.
8.6.1 Business Overview
8.6.2 Operating Segment
8.6.3 Business Strategy
8.7 Greatview Aseptic Packaging Company
8.7.1 Business Overview
8.7.2 Operating Segment
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
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
8.13.3 Business Strategy
List of Charts
  • Liquid Carton Advantages
  • Liquid Carton Segmentation
  • Global Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Global Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Global Liquid Carton Market by Shelf Life; 2021 (Percentage, %)
  • Global Liquid Carton Market by Type; 2021 (Percentage, %)
  • Global Liquid Carton Market by Region; 2021 (Percentage, %)
  • Global Aseptic Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Global Aseptic Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Global Fresh Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Global Fresh Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Global Liquid Carton Market By Volume; 2017-2021 (Billion Units)
  • Global Liquid Carton Market By Volume; 2022-2027 (Billion Units)
  • Global Liquid Carton Market Volume by Shelf Life; 2021 (Percentage, %)
  • Global Fresh Liquid Carton Market Volume by End Use; 2021 (Percentage, %)
  • Global Aseptic Liquid Carton Market Volume by End Use; 2021 (Percentage, %)
  • Global Liquid Carton Market Volume by Region; 2021 (Percentage, %)
  • Global Aseptic Liquid Carton Market by Volume; 2017-2021 (Billion Units)
  • Global Aseptic Liquid Carton Market by Volume ; 2022-2027 (Billion Units)
  • Global Fresh Liquid Carton Market by Volume; 2017-2021 (Billion Units)
  • Global Fresh Liquid Carton Market by Volume; 2022-2027 (Billion Units)
  • Asia Pacific Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Asia Pacific Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Asia Pacific Liquid Carton Market by Region; 2021 (Percentage, %)
  • China Liquid Carton Market by Value, 2017-2021 (US$ Billion)
  • China Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Japan Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • Japan Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • India Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • India Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • South Korea Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • South Korea Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • Rest of Asia Pacific Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Rest of Asia Pacific Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Asia Pacific Liquid Carton Market By Volume; 2017-2021 (Billion Units)
  • Asia Pacific Liquid Carton Market By Volume; 2022-2027 (Billion Units)
  • Europe Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Europe Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Europe Liquid Carton Market by Region; 2021 (Percentage, %)
  • Germany Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • Germany Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • France Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • France Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • United Kingdom Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • United Kingdom Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • Italy Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • Italy Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • Spain Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • Spain Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • Rest of Europe Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Rest of Europe Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Europe Liquid Carton Market By Volume; 2017-2021 (Billion Units)
  • Europe Liquid Carton Market By Volume; 2022-2027 (Billion Units)
  • North America Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • North America Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • North America Liquid Carton Market by Region; 2021 (Percentage, %)
  • The US Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • The US Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Canada Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • Canada Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • Mexico Liquid Carton Market by Value; 2017-2021 (US$ Million)
  • Mexico Liquid Carton Market by Value; 2022-2027 (US$ Million)
  • North America Liquid Carton Market By Volume; 2017-2021 (Billion Units)
  • North America Liquid Carton Market By Volume; 2022-2027 (Billion Units)
  • Middle East & North Africa Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Middle East & North Africa Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Middle East & North Africa Liquid Carton Market By Volume; 2017-2021 (Billion Units)
  • Middle East & North Africa Liquid Carton Market By Volume; 2022-2027 (Billion Units)
  • Latin America Liquid Carton Market by Value; 2017-2021 (US$ Billion)
  • Latin America Liquid Carton Market by Value; 2022-2027 (US$ Billion)
  • Latin America Liquid Carton Market By Volume; 2017-2021 (Billion Units)
  • Latin America Liquid Carton Market By Volume; 2022-2027 (Billion Units)
  • Global Beverage Consumption, 2019-2020 (Billion Liters)
  • Global Share of the Total GDP generated by the  Travel and Tourism Industry; 2017-2021 (Percentage, %)
  • Share Of Consumers That Stockpiled Food by Region; March 2020 (Percentage, %)
  • Global Urban Population; 2016-2020 (Billion)
  • Global Gross National Income (GNI) Per Capita; 2017-2021 (US$ Million)
  • Global Consumption of Packaged Beverages by Region; 2020 & 2023 (Billion Liters)
  • Global Wellness Market; 2019-2025 (US$ Trillion)
  • Global Beverage Market By Packaging Material; 2020 (Per Units Filled)
  • Global Milk Consumption; 2019-2025 (Billion Liters)
  • Global Dairy Alternatives Market; 2020-2025 (US$ Billion)
  • Global Ready to Drink Beverages Market; 2020-2025 (US$ Billion)
  • Global Liquid Carton Players by Market Share; 2021 (Percentage, %)
  • Global Aseptic Liquid Carton Market Share by Region; 2021 (Percentage, %)
  • Tetra Laval Group Net Sales by Operating Segments; 2021 (Percentage, %)
  • Mondi plc Revenue by Segment; 2021 (Percentage, %)
  • SIG Combibloc Group AG Revenue by Segment; 2021 (Percentage, %)
  • BillerudKorsnäs Net Sales by Operating Segments; 2021 (Percentage, %)
  • Refresco Group B.V. Revenue by Segment; 2021 (Percentage, %)
  • Pactiv Evergreen Inc. Net Revenues by Segments; 2021 (Percentage, %)
  • Greatview Aseptic Packaging Company Revenue by Segments; 2021 (Percentage, %)
  • Smurfit Kappa Group plc Revenue by Segment; 2021 (Percentage, %)
  • Uflex Limited Revenue by Segments; 2021 (Percentage, %)

Companies Mentioned

  • Mondi plc
  • SIG Combibloc Group AG 
  • BillerudKorsnäs 
  • Refresco Group B.V.
  • Pactiv Evergreen Inc. 
  • Greatview Aseptic Packaging Company
  • Ferd Group (Elopak)
  • Adam Pack S.A.
  • Smurfit Kappa Group plc
  • Liqui Box
  • Nippon Paper Industries Co., Ltd. 
  • Uflex Limited