Liquid Packaging Cartons Market 2020-2024 Covid 19 Impact on Top countries data, to Showing Impressive Growth by 2024 | Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research
Posted on Oct 26 2020 5:11 AM
"COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The Liquid Packaging Cartons Market is expected to register a CAGR of 3.02%, during 2020-2024. "
Global “Liquid Packaging Cartons Market” Report 2020 - 2024 Provides Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Liquid Packaging Cartons market players. Also Provides Industry position and viewpoint of main regions based on major key players, country, product types, and end industries Liquid Packaging Cartons Market reports offer a detailed assessment of the Liquid Packaging Cartons including enabling technologies, current market situation, market assumptions, restraining factors.
Liquid Packaging Cartons Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW). This XYZ market research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts and Regional Analysis of the Market.
The liquid packaging cartons market was worth USD 9.39 billion in 2017 and is projected to reach USD 11.3 billion by 2023, growing at a CAGR of 3.02 % over the forecast period (2018 - 2023). The scope of the report is limited to liquid type including milk, water, juices, energy drinks, alcoholic beverages, and others. The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes the benefits of liquid packaging cartons with respect to the diverse applications and the future prospect of the same.
The liquid packaging cartons are primarily utilized for dairy products, soft drinks, and water catering in diverse shapes and sizes to various consumers. The rising preference for easy-to-carry liquid foods is expected to boost the demand for these packaging cartons, thereby, fueling the market growth. The changing lifestyle of people coupled with the convenience of utilizing carton packaging is projected to propel the market. In addition, liquid packaging cartons have an edge over the glass and plastic packaging, in terms of environmental-friendliness and recyclability of the material, which mitigates the wastage and reduces the product cost. Thus, the aforementioned factors are expected to drive the liquid packaging cartons market growth over the projected period.
Rising Preference towards Packaged Drinks
The rising demand for convenience packaging owing to a growing population and the increase in the number of working people is expected to have a positive impact on the market growth. Furthermore, the packaging lists all the ingredients and nutritional information which adds value to the product, thereby, propelling the demand for liquid packaging. In addition, the packaging cartons help in promoting the beverage over social media along with brand awareness which is likely to boost the market growth over the forecast period. Consumers are actively looking for healthy and readily available food options which are expected to propel the utilization of packaging cartons thereby fuelling the market growth over the forecast period.
Alcoholic Beverages to Exhibit the Highest Growth
The consumption of alcohol is increasing due to which the packaging required for this is expected to gain pace. The increasing need for recyclable packaging coupled with superior benefit offered by carton packaging is projected to propel the market growth in alcohol packaging. Furthermore, this is a type of attractive packaging luring consumers to purchase with the integration of innovative ideas which is projected to fuel the alcoholic beverage packaging carton over the forecast period.
Asia-Pacific to Show the Highest Growth Rate
There is a noteworthy growth in food & beverage industry in Asia-Pacific owing to the rising demand for healthy and packaged water. Additionally, soft drinks have witnessed a high growth rate in terms of consumption which is likely to boost the liquid packaging cartons market growth over the next six years. Moreover, hot drinks, including tea and coffee, have taken a rise in the growth which is expected to fuel the beverage packaging, thereby, propelling the market.
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Here is the Top-List of Key-players of Liquid Packaging Cartons Market 2020:-
- ELOPAK AS
- Evergreen Packaging LLC
- Greatview Aseptic Packaging Co. Ltd
- Klabin SA
- Refresco Group N.V.
- SIG Global Pte. Ltd
- Tetra Laval International S.A..
- Nippon Paper Industries Co. Ltd
- Smurfit Kappa Group plc
- Aerosol & Liquid Packaging
- West Penn Oil Co. Inc.
- Assemblies Unlimited
- PouchTec Industries
The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India.
Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.
The Global Liquid Packaging Cartons market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global Liquid Packaging Cartons market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Highlighted points of Liquid Packaging Cartons Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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Key Developments in the Liquid Packaging Cartons Market:
- Major developments in 2017 covered in the report
- And the latest major developments in 2018 covered in the report
Reasons to Purchase this Report
- The future prospect of the liquid packaging cartons services market and opportunities
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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Finally, the report Global Liquid Packaging Cartons Market 2020 describes the Liquid Packaging Cartons industry expansion game plan, the Liquid Packaging Cartons industry knowledge supply, appendix, analysis findings, and the conclusion.
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