#soft drinks packaging

Summary

Soft Drinks Packaging Market Size, Share, Growth, Analysis, Future Scope— By Material (Glass, Plastic, Metal, Paperboard), By Packaging type (Box, Bottle, Cartons, Cans), By Application (Carbonated Soft Drinks, Functional Drinks, Juices, And Others) and Region — Global Forecast Till 2023

Soft Drinks Packaging Market Scenario

The global soft drinks packaging market is predicted to demonstrate 3.95% CAGR during the forecast period (2018-2023) owing to the burgeoning demand for carbonated soft drinks, asserts Market Research Future (MRFR). Soft drink is referred to as a non-alcoholic beverage which comprises different ingredients and flavors. It offers calories or sugars, hydration, vitamins, nutrients, and other, based on its ingredients. Soft drinks are non-alcoholic drinks which includes juices and concentrates, CSDs, ready-to-drink tea and coffee, and functional drinks. Soft drinks are generally consumed by people of across age groups and are available in options such as flavored water, juices,energy drinks, and others. As soft drinks are a ready to consume product, the quality of packaging should be high so that the product is kept in a perfect condition.

The Global Soft Drink Packaging Market is expected to grow at a CAGR of ~ 3.95% during the forecast period of 2018–2023.

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Competitive Dashboard

The prominent players operating the global soft drinks packaging market are Mondi Group (South Africa), Ball Corporation (U.S.), Graham Packaging Company (U.S.), CKS Packaging Inc. (U.S.), Owens-Illinois Inc. (U.S.), AptarGroup Inc. (U.S.), Bemis Company Inc. (U.S.), Tetra Pak International S.A. (Switzerland), CAN-PACK S.A. (Poland), Allied Glass Containers (U.K.), Amcor Ltd. (Australia), Crown Holdings Inc. (U.S.), and Ardagh Group Inc. (Luxembourg).

Drivers and Constraints Impacting the Market

Packaging plays a crucial role as it offers information about the constituting ingredients, product content,expiry and manufacturing dates. Proper packaging of soft drinks provides external environment protection, product support, and tamper resistance. These advantages of packaging are considered to fuel the demand across the globe. Factors such as rapid urbanization, increasing population, and increasing disposable income are creating high demand for soft drink products among the global population. Benefits such as ease of disposability, ease of use, and enhanced user experience are anticipated to stimulate the market growth for soft drinks packaging in the coming years.

In recent times, people are becoming extremely health-conscious. From consuming carbonated beverages to rejuvenating juices, consumers are spending more on such products in order to keep themselves refreshed. Companies are thus launching healthier version of carbonated drinks to fulfil the demand. This is creating a huge demand for packaging solutions in the industry. The demand for convenient packaging solutions is also triggering owing to the technological advancements in the market. Moreover, PET bottles, compatible for the packaging of soft drinks are acquiring the global market as they are lighter in weight and saves transportation and storage cost, thereby driving the global market during the assessment period.

Global Soft Drinks Packaging Market: Segmental Analysis

The global Soft Drinks Packaging Market has been segmented on the basis of material, packaging type, application, and region.

By mode of material, the global soft drinks packaging market has been segmented into plastic, glass, paperboard, metal, and others. Among these, the plastic packaging is considered to occupy the highest market share owing of its cost-efficiency. As plastic packaging is easy to handle and light in weight, the demand for plastic packaging is high. The rising environmental awareness has led the consumers to shift to eco-friendly and biodegradable plastics. PET bottles or polyethylene terephthalate which are made of a plastic resin, are eco-friendly bottles which are high in demand nowadays.

By mode of packaging type, the global soft drinks packaging market has been segmented into bottle, box, cans, cartons, and others.

Among these, glass bottles are the least used mode of packaging. A small percentage of the total manufactured soft drinks is packed in glass bottles owing to its high storing and transportation cost. Metal cans and PET bottles have replaced the use of glass bottles as they are light in weight saves storage and transportation cost, and are recyclable.

By mode of application, the global soft drinks packaging market has been segmented into functional drinks, carbonated soft drinks, juices, and others. Among these, consumers are predicted to shift towards functional drinks owing to the increasing health conscious population.

Industry Updates

January 2018: Coca-Cola had recently announced their plan to collect and recycle 100% of it’s packaging by the end of 2030. The company is also planning to reshape its approach to packaging and recycling. It is presumed that Coca-Cola produces 110 billion single-use plastic bottles every year. This is anticipated to impact the virgin packaging providers, and other beverage producers are also expected to follow the trend.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Soft Drinks Packaging Market Research Report— By Material (Glass, Plastic, Metal, Paperboard), By Packaging type (Box, Bottle, Cartons, Cans), By Application (Carbonated Soft Drinks, Functional Drinks, Juices, And Others) and Region — Global Forecast Till 2023

Market Synopsis of Soft Drinks Packaging Market

Soft drink is generally a non-alcoholic beverage which consists of various flavors and ingredients. It primarily provides hydration, sugars or calories, nutrients, vitamins and many other, based on its ingredients. Soft drinks are consumed by people of all age groups, available in a variety of options such as juices, flavored water, energy drinks, and many others. Since, soft drinks is a ready to consume product, the right quality of packaging is imperative for keeping the product in a perfect condition. Therefore, packaging plays an important role as it provides information about the product content, constituting ingredients, and manufacturing and expiry dates.

The Global Soft Drink Packaging Market is expected to grow at a CAGR of ~ 3.95% during the forecast period of 2018–2023.

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key players

The key players of Global Soft drink Packaging Market report include Amcor Ltd. (Australia), Crown Holdings, Inc. (U.S.), AptarGroup Inc.(U.S.), Ardagh Group Inc. (Luxembourg), Graham Packaging Company (U.S.), Owens-Illinois, Inc.(U.S.), Ball Corporation(U.S.), Tetra Pak International S.A. (Switzerland), Allied Glass Containers(U.K), Bemis Company Inc.(U.S.), CAN-PACK S.A. (Poland), CKS Packaging, Inc. (U.S.) and Mondi Group (South Africa).

Soft Drinks Packaging Market Segmentation

Global Soft Drink Packaging Market is segmented on the basis of material, packaging type, application, size, and region. On the basis of material, it is segmented as glass, plastic, metal, paperboard, and others. Among all, the segment for plastic packaging has landed the highest market share because of its cost-efficiency. Plastic packaging is light weighted and easy to handle which influences the demand positively. With the increasing environmental awareness, consumers are getting increasingly inclined to use biodegradable and eco-friendly plastics. PET bottles, made-up of a plastic resin chemically known as polyethylene terephthalate, are one such type of eco-friendly bottles which are in high demand nowadays.

On the basis of packaging type, the market is segmented as box, bottle, cartons, cans, and others. Only a small percentage of the total manufactured soft drinks is packed in glass bottles as it incurs high transportation and storing cost. The use of glass bottles is reduced because of availability of alternatives like metal cans and PET bottles. Metal cans and PET bottles are lightweight and recyclable and save storage and transportation cost.

Regional Analysis of Global Soft Drink Packaging Market

On the basis of region, the market is segmented as North America, Europe, Asia Pacific and Rest of the World. In 2017, about 202,400 million liters of soft drinks were sold only in Asia Pacific. The driving factor of increasing market in Asia Pacific is the growing overall population and the population of youth in this region, which results in a huge customer base. Another reason for the growing soft drink market is fast-growing economies. China is a leading country in Asia Pacific because of high population. There is very high demand of soft drinks in Argentina because of warm climatic conditions and higher incomes.

Industry News

June 2017- For improving the packaging of carbonated soft drinks & beer and delivering a unique opening experience to consumers, a new technology - easy to open crown has been launched by CROWN Beverage Packaging. The technology represents a modern advancement of the bottle cap.

The report for Global Soft Drink Packaging Market of Market Research Future comprises extensive primary research findings along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain deeper insight into the market and industry performance. The report gives a clear picture of current market scenario, which includes historical and projected market size in terms of value, technological advancement, macroeconomic and governing factors in the market. The report provides detailed information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Browse full Report @ https://www.marketresearchfuture.com/reports/soft-drink-packaging-market-1503

About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact

Market Research Future

Phone: +1646 845 9312