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Liquid Packaging Cartons market to represent a significant expansion at 5.5% CAGR by 2024by harsh143 Â· November 18, 2018
The global market for liquid packaging cartons is expected to reach US$ 12.0 Bn in revenues Cheap Ander Herrera Jersey , by 2016 end. During the forecast period 2016-2024, global liquid packaging carton market is projected to expand at a CAGR of 5.5%. Growing consumer preference toward packaged food and beverages will continue to drive market by 2024 end.
Coupled with increasing adoption of packaged foods and beverages among consumers worldwide, recyclability of uncoated paperboard materials are estimated to remain the key drivers to the market growth over the forecast period. Moreover, several governments across the globe are supporting beverage cartons Replica AC Milan Jerseys , owing to their eco-friendly properties and lower carbon footprint. Facilitated storage, transportation, minimal wastage will play a key role in pushing usage of cartons among beverage manufacturers. Convenient use and extended shelf life of beverages are the key factors expected to continue fueling the adoption of beverage cartons by consumers. More than 4% growth of global food retail industry is also a key driver catapulting the global liquid packaging cartons market.
Report For Sample with Table of Contents@ Superiority of glass containers and plastic packaging over liquid cartons in maintaining original taste, preventing contamination Custom AC Milan Jerseys , affordability, durability, and reusability will remain longstanding challenges to the growth of liquid packaging cartons globally.
Based on product type, liquid packaging carton market is expected to witness the highest growth in gable top containers segment Authentic AC Milan Jerseys , attributed to growing consumption of milk and other dairy products. Demand for shaped cartons is also anticipated to increase. On the basis of opening type, twist opening segment will thrive significantly, owing to rising need for re-closable feature. Straw-hole segment will create the most lucrative market for beverage cartons over the forecast period.
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