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.

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.

In addition, it retains the nutritional and functional properties of fruit juices. With the rising demand for more natural beverages and an increasing shift towards healthier consumption habits, HPP juice on the rise in the country. This is resulting in the demand for cartons for applications in juice packaging to keep the nutritional benefits of juices. Orange juice which is stored at 20-degree celsius in brick cartons displayed nearly 90% vitamin C retention while the packaging comprises ethylene-vinyl alcohol (EVOH) layer after 14 days. Therefore, juice packaged in cartons with the EVOH layer can support in improve oxygen barrier capabilities.

The major players in the market include Dai Nippon Printing Co., Ltd., Nippon Paper Industries Co., Ltd., Tetra Laval International S.A., Reynolds Group Holdings Ltd., and SIG Combibloc Group Ltd. The market players are adopting some crucial strategies to increase market share and gain a competitive advantage. For instance, in November 2019, SIG signed an agreement to acquire Visy Cartons Pty Ltd. from VisyPak Operations Pty Ltd. Visy Cartons produced SIG aseptic cartons for several years under license from SIG for sale in the New Zealand and Australia markets.  Visy recorded revenue of nearly $57.5 million in its fiscal year ending June 2019. It is one of the major players in the Australian beverage carton market. The Visy Cartons acquisition will allow SIG, to further support its current customers in Asia.

Research Methodology

The market study of the Asia-Pacific liquid packaging cartons market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders and industry experts. Primary research brings the authenticity in our reports.

Secondary Sources Include:

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. It will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions.

Market Segmentation:

1. Asia-Pacific Liquid Packaging Cartons Market Research and Analysis by Carton Type
2. Asia-Pacific Liquid Packaging Cartons Market Research and Analysis by Application

The Report covers:

• Comprehensive research methodology of the Asia-Pacific liquid packaging cartons market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the Asia-Pacific liquid packaging cartons market.
• Insights about market determinants which are stimulating the Asia-Pacific liquid packaging cartons market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.