Latest Report on Impact of COVID-19 on Soft Drinks Packaging Market
DataIntelo report titled Global Soft Drinks Packaging Market provides detailed information and overview about the key influential factors required to make well informed business decision. This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. Our data has been culled out by our team of experts who have curated the report, considering market-relevant information. This report provides latest insights about the market’s drivers, restraints, opportunities, and trends. It also discusses the growth and trends of various segments and the market in various regions.
The consumption of soft drinks, primarily functional drinks, has amplified owing to the starter of a broad range of option in these untapped markets such as carbonated drinks, juices, energy drinks, sports drinks, flavoured water and a rise in disposable income of the people. The major type of materials and components included in the soft drinks packaging are rigid plastic, flexible plastic, paper and board, glass, rigid metal, closures, and labels. Soft drinks available in the different categories smaller on the go packs and larger family packs, the demand of the small on the go soft drinks is high as compared to the larger family pack. Soft drinks packaging is expected to register sluggish growth due to the adoption of health and wellness products by consumers.
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There are several factors which contribute to the growth of the soft drinks packaging market. One of the significant factors which participate in the growth of the soft drinks packaging market is increasing demand for the soft drink in the developing countries due to increases in the disposable income of the persons. Metal cans and currently account for a significant share of the total packaging types used for packaging of soft drinks. Metal cans are preferred for the packaging of carbonated soft drinks because of the lightweight and fully recyclable nature. Nowadays, inclination towards the glass bottle for the packaging of soft drinks is reduced because of its alternative options such as PET bottle, which is more compatible for the packaging of the soft drinks. PET bottles are lighter, so it saves the transportation and storage cost, and it is one of the best cost-saving options for the packaging of soft drinks so these are the several reasons for the popularity of PET bottles.
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Segment by Type:
Glass Packaging
Plastic Packaging
Metal Packaging
Paperboard Packaging
Other
Segment by Application:
Carbonated Soft Drinks
Functional Drinks
Juices
Others
Regional Segments:
- North America
- Europe
- China
- Japan
- Southeast Asia
- India
Key players:
Amcor
Crown Holdings
AptarGroup
Ardagh Group
Graham Packaging
Owens-Illinois
Mondi Group
Tetra Pak International
Allied Glass
CAN-PACK
CKS Packaging
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Reasons to Purchase the Report:
· Market Forecast: The authors of the report give a precise estimation of the global Soft Drinks Packaging market size based on value and volume.
· Market Trend Analysis: This section of the report highlights industry-leading trends and developments observed in the global Soft Drinks Packaging market.
· Growth Prospects: The report provides vital information on the existing and emerging opportunities in the global Soft Drinks Packaging to help companies engaged in the industry.
· Regional Analysis: The report examines the regional landscape for the prominent regions and countries in the global Soft Drinks Packaging.
· Market Segmentation: The report segments the market depending on product type, application, and end-user industries to determine their contribution to the overall market size.
· Competitive Landscape: This segment is intended to give market participants a comprehensive overview of prevalent business strategies implemented by leading companies to stay ahead of the curve. This assessment aims to help the players in making well-informed executive decisions in the future.
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