Liquid Packaging Cartons Market (USD 18.42 Billion) is Anticipated to Flourish at a CAGR of 5.4% Till 2024

Liquid packaging cartons refers to compact and light weight containers which enables safer transportation and storage of liquid products. Further, liquid packaging cartons are mostly utilized for fast moving consumer goods (FMCG). The advantage of liquid packaging cartons comprises of light weight and biodegradable stuffs.

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Market Size and Forecast

The global liquid packaging cartons market is anticipated to flourish at a CAGR of 5.4% over the forecast period i.e. 2017-2024. Further, the market of liquid packaging cartons was valued at USD 12.1 Billion in 2016 and is projected to garner USD 18.42 Billion by the end of 2024. Factor such as, increasing environment friendly packaging is anticipated to drive the growth of the global liquid packaging cartons market over the forecast period.

In the regional market, North America is anticipated to account for a significant portion of market share in the overall market of global liquid packaging cartons over the forecast period. Further, factor such as rising adoption of packaged foods and beverages by consumers is expected to increase the growth of North America liquid packaging cartons market during the forecast period. Moreover, U.S. is expected to be the largest liquid packaging cartons market in North America followed by Canada in the upcoming years.

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Europe liquid packaging cartons market is expected to witness substantial growth over the forecast period. Factor such as, increase in production of dairy products is anticipated to drive the growth of liquid packaging market in Europe in the upcoming years. Asia-Pacific is poised to record the fastest growth over the global liquid packaging cartons market over the forecast period. Factor such as, rising disposable incomes and increase in population in some of the major countries such as India, China, Japan is anticipated to drive the growth of the liquid packaging cartons in Asia Pacific during the forecast period.

Leading Key Players of Global Market:

Tetra Laval, Reynolds Group Holdings, Comar, Wayerhaeuser, Liqui-Box Corporation, SIG Combibloc, Tri-Wall, Elopak and other key players.

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Growth Drivers and Challenges

Factor such as, rising demand of environmental friendly packaging products and increasing inclination of people towards packaged foods across the globe is anticipated to intensify the growth of the global liquid packaging cartons market during the forecast period. In addition, recyclable nature of liquid cartons is estimated to positively drive the growth of the liquid packaging cartons market over the forecast period.

Apart from this, accessibility in carrying and transportation is anticipated to be the dynamic factor behind the growth of the liquid packaging cartons market. Further, the need for preservatives and to ensure that the food is preserved for longer duration is expected to supplement the growth of the global liquid packaging cartons market over the forecast period. However, larger dominance of plastic packaging over other packaging materials is some of the key factors which are expected to limit the growth of global liquid packaging cartons market in upcoming years.

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