Published on : Jan 08, 2018
Albany, New York, January 8, 2018: Nowadays, surge in demand for beverage packages equipped with features that enable communication, convenience, protection and contamination is projected to fuel demand for the beverage packages significantly. Due to this, manufacturers focus on integrating intelligent and active packaging techniques in the beverage packages, this as result increasing the sales of gable top liquid cartons. Market Research Hub (MRH) has recently publicized a new forecast study to its wide repository, which is titled as “Global Gable Top Liquid Cartons Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017-2025”. According to this research study, the global top liquid cartons market is anticipated to denote a value of over US$ 5,300 Mn by the end of 2026.
Key Dynamics Supporting Market Growth
The research also finds that the global gable top liquid cartons market will register a CAGR of 5.7% over the forecast period of 2017 to 2026. One of the prime factors include growing requirement for packaging cream, juices, milk, wine, yogurt, edible oil and egg yolk; it will continue to fuel sales of gable top liquid carton globally. Imposition of regulations by the governing authorities regarding the eco-friendly production of packages will further contribute towards growth of the global gable top liquid cartons market.
Also, rising need for safe transportation of beverage products has led to a surge in demand for the gable top liquid cartons globally. In addition, demand for unbleached and premium quality beverage cartons is projected to impact growth of global market positively.
A recent trend viewed among manufacturers is the rising adoption of ‘active packaging’ methods that enable end users to influence and sense the packaging environment. This helps in holding the microbiological qualities of the content packaged.
Moreover, the global market has been analyzed on the basis of product type, material type and region. Based on product type, the market is segmented as twist opening cartons, cut opening cartons, straw hole opening cartons, clip opening cartons and king twist opening cartons. In terms of revenue, the straw hole opening cartons product type segment is projected to witness significant revenue growth, representing around US$ 500 Mn by 2026-end.
By material type, the global market is categorized as uncoated paperboard, beverages, aluminum coated paperboard, plastic coated paperboard, dairy products, pharmaceuticals and others. Of these, uncoated paperboard segment is expanding at higher revenues.
In the later section, to assist in proper decision-making, the report includes the profiling of top players in this industry. Significant players in the global gable top liquid cartons market are Parksons Packaging Ltd., American Carton Company, NIPPON PAPER INDUSTRIES CO., LTD., TidePak Aseptic Packaging Material Co. Ltd., Tetra Pak International S.A., Elopak Inc, Sonderen Packaging, ITALPACK CARTONS SRL, Evergreen Packaging Inc, Adam Pack sa and SIG Combibloc GmbH.
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