Global gable top liquid cartons market is expected to grow at a compound annual growth rate of 3.19% to reach a market size of US$3.761 billion by 2024 from US$3.115 billion in 2018. Gable top liquid cartons are used for flexible packaging of products and further prevents them from contamination and also promotes healthier shelf life coupled with rising beverage industry is anticipated to drive the market for gable top liquid cartons market in the upcoming years. Further, the efficiency and reliability of gable top liquid cartons for transportation purposes is expected to further assist in growth of the market. The major industries driving the market growth for gable top cartons are Dairy and Beverage industries among others. However, the concerns regarding the recycling and disposal of these cartons due to the coating of polyethylene is expected to hamper the market growth. Asia-pacific is expected to hold a significant market share owing to the rising per capita expenditure and growing preference for packed beverages. North America though a developed market with numerous market players, is expected to retain its momentum over the forecast period. The fast-growing economies in Middle East and Africa are also projected to show a significant demand for gable top cartons over the next six years.
DRIVERS
Growing beverage industry.
Increasing preference for flexible packaging.
RESTRAINTS
Difficult recycling and disposal
The major players profiled in the gable top liquid cartons market include Evergreen Packaging LLC, Italpack Cartons S.R.L, Rotopak LLC, Elopak AS, Tetra Pak International S.A., Nippon Paper Industries Co. Ltd., Adam Pack SA, SIG Combibloc Group Ltd, Visy Group, Parksons Packaging Ltd.
Segmentation
The gable top liquid cartons market has been analyzed through the following segments:
By Material Type
Aluminum
Polyethylene
Paper
By Closure Type
Straw Hole Opening
Twist Opening
Cut Opening
Others
By Capacity
100 - 500 ml
500 -1000 ml
1000 ml and above
By End-User
Beverage
Dairy
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
Q1. What will be the gable top liquid cartons market size by 2024?
A1. The global gable top liquid cartons market is expected to reach a total market size of US$3.761 billion in 2024.
Q2. What is the size of the global gable top liquid cartons market?
A2. Gable Top Liquid Cartons market was valued at US$3.115 billion in 2018.
Q3. What are the growth prospects for gable top liquid cartons market?
A3. The gable top liquid cartons market is expected to grow at a CAGR of 3.19% during the forecast period.
Q4. What factors are anticipated to drive the gable top liquid cartons market growth?
A4. Gable top liquid cartons are used for flexible packaging of products and further prevents them from contamination and also promotes healthier shelf life coupled with rising beverage industry is anticipated to drive the market.
Q5. Which region holds the largest market share in the gable top liquid cartons market?
A5. Asia-pacific is expected to hold a significant share in the gable top liquid cartons market owing to the rising per capita expenditure and growing preference for packed beverages.
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