The Asia Pacific Liquid Packaging Cartons Market would witness market growth of 6.8% CAGR during the forecast period (2018 – 2024).
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. Furthermore, the food and beverage industry in Asia-Pacific has seen significant growth as a result of the rise in demand for healthy and packed water. Additionally, an increase in soft drink consumption is expected to increase the growth of the market for liquid carton packaging during the projected time period. The rising demand for glass packaging and availability of liquid packaging cartons substitutes are however the important factors which hinder the growth of the market. On the other hand, in the liquid packaging industry, product innovation, offers lucrative growth to the market opportunity of liquid packaging cartons during the forecast period.
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. Based on End User, the market is segmented into Liquid Dairy Products, Non-carbonated Soft Drinks, Liquid Foods, Alcoholic Drinks and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include BillerudKorsn?s 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.