The Global Liquid Packaging Cartons Market size is expected to reach $19 billion by 2024, rising at a market growth of 6.1% CAGR during the forecast period

NEW YORK, May 14, 2019 /PRNewswire/ -- The Global Liquid Packaging Cartons Market size is expected to reach $19 billion by 2024, rising at a market growth of 6.1% CAGR during the forecast period. Factors such as the rise in demand for packaged food & beverages, convenience in transport, innovation in packaging, and the recyclability of cartons are attributed to the liquid carton market growth.

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Packaging food or beverage is a process used to ensure the preservation, containment, marketing & information, tracing, convenience and other functions of edible products. The liquid cartons are containers that allow safe transport and storage of fluid products and customized packaging as per the manufacturers' marketing requirements. Due to the convenience, maneuverability, reusability and environmental benefits of these cartons, manufacturers prefer them. The products are specially designed for the transportation of liquids like milk & dairy products, packaged water, liquid food, soft drinks and juices.

Based on Shelf Life, the market is segmented into Long Shelf life and Short Shelf Life. Based on Cartons Type, the market is segmented into Brick Liquid Cartons, Gable Top Cartons and Shaped Liquid Cartons. On the basis of type, the brick liquid carton segment held the highest share in 2017. This is due to their cost-effectiveness in reducing the total cost of production by manufacturers who opt out of the low-cost brick carton packaging. This enables manufacturers to produce brick liquid carton at comparatively low cost, which is a key factor influencing its adoption rate.

Based on End User, the market is segmented into Liquid Dairy Products, Non-carbonated Soft Drinks, Liquid Foods, Alcoholic Drinks and Others. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BillerudKorsnäs AB, Nippon Paper Industries Co. Ltd, Smurfit Kappa, Reynolds Group Holdings Ltd (Packaging finance limited), Liqui-Box Corporation, Onex Corporation, Elopak AS (Ferd AS), Adam Pack SA (Diorama Investments SICAR), Tetra Laval International S.A., and Greatview Aseptic Packaging Co. Ltd.

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