Global Shaped Liquid Cartons Market – Overview
Shelf life is one of the key aspects of packaging. A durable shelf life of different products fuels the process of supplying and distributing products efficiently and easily. Additionally, the dynamic shapes of shaped liquid cartons provide an effective means of stacking and can efficiently utilize the space. Shaped liquid cartons are tamper resistant and also have tamper evident seals, which makes them a preferred option for packaging of liquid products. These above mentioned factors play an important role in the growth of the global shaped liquid cartons market.
Global Shaped Liquid Cartons Market – Notable Developments
Some of the key developments in the global shaped liquid cartons market are given below:
- On 26th June 2019, Elopak Inc., one of the prominent manufacturers of shaped liquid cartons launched a new shaped liquid carton with no closures.
- ELOPAK AS, a leading player in the shaped liquid cartons market is offering Pure-Pak® Diamond, a new unique shape packaging for fresh and high acid aseptic products. The design features of Pure-Pak® diamond shaped liquid cartons can be used for effective brand differentiation.
- Tetra Pak introduced the Tetra Evero Aseptic — the world’s first aseptic carton bottle for milk. This shaped liquid cartons package intended for white milk combines the easy handling and pouring of a bottle with the environmental and cost advantages of a carton.
- SIG Combibloc Group Ltd., a leading manufacturer of shaped liquid cartons offers an innovative new design, combishape carton packaging in which multiple components are shaped into the final form.
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Global Shaped Liquid Cartons Market – Drivers and Restraints
There are several factors that are helping to drive the overall development of the global shaped liquid cartons market. One of the biggest driving factors for the growth of the global market is the growing consumption of packaged beverage and food products. Moreover, fast changing lifestyle and consumption patterns of consumers are also helping to drive the overall development of the global market in the coming years of the forecast period. In addition to this, an increasing requirement for packaged foods and consumer preference for convenience food that is driving the development of the global market.
In recent years, increasing materials and shapes of packaging is also among the important factors that are fueling the development of the global shaped liquid cartons market. With increasing trend of renewability and eco-friendly products to have a competitive advantage is also shaping the growth of the global shaped liquid cartons market.
Global Shaped Liquid Cartons Market – Geographical Outlook
Based on the geographical segmentation, the global shaped liquid cartons market is segmented into five key regions viz. North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Of these, currently, the global market is being dominated North America. Presence of several key players in the region is a key reason behind the development of the North America market.
However, on the other hand, the regional segment of Asia Pacific is expected to witness a promising rate of growth in the coming years of the forecast period. One of the reasons behind the growth of the regional market is the booming retail packaging industry. Emerging countries such as Malaysia, China, and India have shown considerable transformation, with a substantial growth in the number of retail formats such as hypermarkets, convenience stores, online retail, and supermarkets. Moreover, growing disposable income, a fast paced lifestyle and lower time spent in kitchens is also expected to help the development of the Asia Pacific market in the coming years of the forecast period.
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