Asia-Pacific Liquid Packaging Cartons Market
Asia-Pacific liquid packaging cartons market is estimated to grow at a CAGR of 6.3% during the forecast period. Rising demand for packaged milk and increasing consumer awareness regarding highly sustainable packaging are some key factors contributing to the growth of the market. Growing urbanization is a major cause of the rising consumption of packaged milk in the region. Amul India is the major milk producer in India, which sells nearly 5% of their total milk in cartons. The increasing shift towards flavored milk and the introduction of packaged milk with added nutrients is leading the adoption of carton packaging, as it is highly eco-friendly, increases the safety of the product, and retains the long-term freshness of milk products. During the lockdown, the rising preference of consumers for carton milk was reported owing to the significant concerns regarding the delivery of essential goods to the people. This, in turn, has led the application of beverage carton packaging in the country.
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The market is segmented based on carton type and application. Carton type is further segmented into brick cartons, tetrahedron cartons, and gable top cartons. The application segment is further classified into milk, juices, liquid foods, energy and soft drinks, and others. Increasing the production of fruit juices was reported in China. High-Pressure Processing (HPP) juice on the rise in China. HPP is a processing step that aims to widen shelf life and eliminates at least 99.9% of the microorganisms in juice. As per the beverage nutrition experts, HPP is an ideal alternative for maintaining the fresh flavor of smoothies and juices.
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Asia-Pacific Liquid Packaging Cartons Market Segmentation
By Carton Type
• Brick Cartons
• Tetrahedron Cartons
• Gable Top Cartons
• Liquid Foods
• Energy and Soft Drinks
• Rest of Asia-Pacific
• Dai Nippon Printing Co., Ltd.
• Greatview Beijing Trading Co., Ltd.
• Kirin Holdings Co. Ltd.
• Nippon Paper Industries Co., Ltd.
• Parksons Packaging Ltd.
• Qingzhou Heli Packaging New Material Co., Ltd.
• Reynolds Group Holdings Ltd.
• Shanghai Forests Packaging Group Co., Ltd.
• SIG Combibloc Group Ltd.
• Tetra Laval International S.A.
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