Asia-Pacific Liquid Packaging Cartons Market Size | COVID-19 Impact Analysis | Forecast to 2026

Asia-Pacific liquid packaging cartons market is estimated to grow at a CAGR of 6.3% during the forecast period. Significant milk production is the major factor for market growth in the region. In 2018, India produced nearly 146.31 million tons of milk, 50% over the US. The Indian dairy sector has shown considerable development over the last decades. The country’s export of dairy products was 1,13,721.70 million tons to the world, valued $345.71 million during the period, 2018-2019. The increasing demand for flavored and packaged milk is supporting the demand for cartons packaging in the region. Amul India is the major milk producer in India, which sells nearly 5% of their total milk in cartons.

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Cartons used for milk packaging are watertight paper containers used for retail distribution and maintains the safety of the product. Packaged milk is one of the most common items found in supermarkets, manufactured as per the exacting standards. Tetra Pak cartons for milk comes in 6-layer packaging that enables to maintain nutrients in the milk intact. This milk is processed through Ultra-high temperature processing (UHT) technology that kills all harmful microorganisms and provides an extended shelf life. Thus, it contains no added preservatives. Cartons are produced from highly recyclable materials. Therefore, it is a potential eco-friendly alternative, compared to plastics packaging.

Scope of the Asia-Pacific Liquid Packaging Cartons Market

Market Coverage

·        The market number available for 2019-2026

·        Base year- 2019

·        Forecast period- 2020-2026

·        Segment Covered- By Carton Type and Application

·        Countries Covered- China, India, Japan, and Rest of Asia-Pacific

·        Competitive Landscape- Dai Nippon Printing Co., Ltd., Nippon Paper Industries Co., Ltd., Tetra Laval International S.A., Reynolds Group Holdings Ltd., and SIG Combibloc Group Ltd 

Recent Strategic Initiatives in the Asia-Pacific Liquid Packaging Cartons Market

·        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.

·        In April 2019, Nippon Paper Industries Co., Ltd. declared an agreement with TS Plastics Sdn. Bhd., a flexible packaging company in Malaysia, to acquire a 70? share of the company. Nippon aims to widen its business in Asia on the basis of expertise on flexible packaging technology that TS Plastics has accumulated for more than 20 years.

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Asia-Pacific Liquid Packaging Cartons Market-Segmentation

By Carton Type

·        Brick Cartons

·        Tetrahedron Cartons

·        Gable Top Cartons

By Application

·        Milk

·        Juices

·        Liquid Foods

·        Energy and Soft Drinks

·        Others

Asia-Pacific Liquid Packaging Cartons Market– Segment by Country

·        China

·        India

·        Japan

Rest of Asia-Pacific

Company Profiles

·        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.

·        UFlex Ltd. 

·        YASUI Co., Ltd.

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