Global Beverage Cartons Market is valued approximately USD XXX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2022-2029. Beverage cartons are a commonly adopted form of packaging which protects juices and drinks, allowing their distribution and storage at temperatures or under refrigerated temperature. These cartons maintain the nutritional value, flavor, and freshness of beverages. Additionally, their portable design supports the development of on-the-go products to accommodate the fast-paced lifestyle of the millennial generation. The key factor driving the market growth is rising consumption of packaged dairy products that anticipated to crate the demand for the market because the dairy products are widely used cartons for packaging the products. Also, another factor driving the market growth is growing demand for convenient packaging solution which support the market growth during forecast period.
The beverage cartons are highly used in packaging dairy products. Thus, the rising packaged dairy products consumption is supporting the market growth. According to Statista, in 2015, the market size of fresh packaged dairy products in India was USD 6.63 billion, in 2020 the number reached USD 11.68 billion, and the number is anticipated to reach USD 20.15 billion by 2025. However, the unavailability of recycling infrastructure in developing countries stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Beverage Cartons Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia Pacific is the dominating region across the world in terms of market share, owing to the rising demand for dairy products and growing consumption of other beverages products in the region. Whereas, North America is also anticipated to exhibit highest growth rate over the forecast period, owing to factors such as increasing consumption of various beverages products and growing adoption of sustainable packaging solution would create lucrative growth prospects for the Beverage Cartons market across Asia Pacific region.
Major market player included in this report are:
Tetra Pak (Switzerland)
Sig Combibloc Group Ltd. (Switzerland)
Mondi Group (UK)
Westrock Company (U.S.)
Stora Enso (Finland)
Pactiv Evergreen (U.S.)
IPI S.r.l. (Italy)
Greatview Aseptic Packaging Co. Ltd. (China)
Recent Developments in the Market:
? In 2020, Tetra Pak collaborated with Stora Enso to examine the potential of building a new recycling line to substantially increase the recycling of the used beverage cartons in Central and Eastern Europe.
Global Beverage Cartons Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Fruit & Vegetable Juices
Rest of the World