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$12.11 Billion Liquid Packaging Cartons Market to Grow at 4.8% CAGR to 2022

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Research and Markets, Dublin, Ireland, has announced the addition of the Liquid Packaging Cartons Market by Type, by Shelf Life, and End Use - Global opportunity Analysis and Industry Forecast, 2014-2022 report to its offering.

In the year 2015, the global liquid packaging carton market accounted for $12.117 billion, and is estimated to grow at a CAGR of 4.8% from 2016 to 2022.

Food or beverage packaging is aimed toward preservation, containment, marketing and information, traceability, convenience, tamper indication, and other functions. Liquid packaging cartons are containers, which enable the safe transportation and storage of liquid products and provide customized packaging as per the manufacturers' marketing requirement.

Change in consumer lifestyle worldwide, especially from the emerging countries, convenience in usage, and biodegradable nature of the cartons are the factors that supplement the market growth. However, stiff competition from the glass and plastic packaging industry is projected to hamper the market growth.

Aseptic-based packaging is a major trend that is expected to create opportunities for the liquid carton market; it safeguards the product from microorganisms and enhances its shelf life without adding preservatives.Technological developments in production processes are expected to lead to a lower cost of production and superior sustainability, leading to improvement in performance efficiency.

In the year 2015, Europe occupied the largest market share, with North America as a close second due to major developed countries encouraging the use of liquid packaging cartons for decades. The liquid packaging cartons market is projected to witness substantial growth in widely populated countries in the Asia-Pacific regions, such as India, China, Indonesia, and Thailand.

Major companies have adopted agreement, product launches, expansions, mergers, and agreements to gain a competitive advantage in this market.

Key players profiled in the report include:
  • Elopak As
  • Evergreen Packaging Inc.
  • Greatview Aseptic Packaging Co. 
  • Klabin SA
  • Liqui-Box Corp.
  • Refresco Gerber N.V.
  • SIG Global
  • Tetra Pak Inc.
  • TidePak Aseptic Packaging Material Co., Ltd
  • Weyerhaeuser Co.

 

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