Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Liquid packaging cartons refers to compact and light weight containers which enables safer transportation and storage of liquid products. Further, liquid packaging cartons are mostly utilized for fast moving consumer goods (FMCG). The advantage of liquid packaging cartons comprises of light weight and biodegradable stuffs.
The global liquid packaging cartons market is anticipated to flourish at a CAGR of 5.4% over the forecast period i.e. 2017-2024. Further, the market of liquid packaging cartons was valued at USD 12.1 Billion in 2016 and is projected to garner USD 18.42 Billion by the end of 2024. Factor such as, increasing environment friendly packaging is anticipated to drive the growth of the global liquid packaging cartons market over the forecast period.
In the regional market, North America is anticipated to account for a significant portion of market share in the overall market of global liquid packaging cartons over the forecast period. Further, factor such as rising adoption of packaged foods and beverages by consumers is expected to increase the growth of North America liquid packaging cartons market during the forecast period. Moreover, U.S. is expected to be the largest liquid packaging cartons market in North America followed by Canada in the upcoming years.
Europe liquid packaging cartons market is expected to witness substantial growth over the forecast period. Factor such as, increase in production of dairy products is anticipated to drive the growth of liquid packaging market in Europe in the upcoming years. Asia-Pacific is poised to record the fastest growth over the global liquid packaging cartons market over the forecast period. Factor such as, rising disposable incomes and increase in population in some of the major countries such as India, China, Japan is anticipated to drive the growth of the liquid packaging cartons in Asia Pacific during the forecast period. CLICK TO DOWNLOAD FREE SAMPLE
Based on product type, liquid packaging cartons market is segmented into, brick liquid cartons, gable top liquid cartons and shaped liquid cartons, out of which, gable top segment is expected to dominate the growth of the global liquid packaging cartons market during the forecast period.
Our in-depth analysis has segmented global liquid packaging cartons market into the following segments:
Global liquid packaging cartons market is further classified on the basis of region as follows:
Factor such as, rising demand of environmental friendly packaging products and increasing inclination of people towards packaged foods across the globe is anticipated to intensify the growth of the global liquid packaging cartons market during the forecast period. In addition, recyclable nature of liquid cartons is estimated to positively drive the growth of the liquid packaging cartons market over the forecast period.
Apart from this, accessibility in carrying and transportation is anticipated to be the dynamic factor behind the growth of the liquid packaging cartons market. Further, the need for preservatives and to ensure that the food is preserved for longer duration is expected to supplement the growth of the global liquid packaging cartons market over the forecast period.
However, larger dominance of plastic packaging over other packaging materials is some of the key factors which are expected to limit the growth of global liquid packaging cartons market in upcoming years.
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