Soft Drink Packaging Market Is Expected to Grow At A CAGR Of ~ 3.95% During Forecast 2023
Summary
Soft Drink Industry Trends, 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 Drink Industry Overview
Soft drink is generally a non-alcoholic beverage which consists of various flavours and ingredients. The global Soft Drink Industry Trends, 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).
Key Players
The prominent players operating the global Soft Drink Industry Trends, 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.)
- Ardagh Group Inc. (Luxembourg)
Segmental Analysis
The global Soft Drink Industry Trends, has been segmented on the basis of material, packaging type, application, and region.
By mode of packaging type, the global Soft Drink Industry Trends, 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 Drink Industry Trends, 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.
Regional Insights
Geographically, the Soft Drink Industry Trends, span across regions namely, Europe, North America, Asia Pacific, and Rest-of-the-World (RoW).
Among all the regions, the Asia Pacific region is considered to dominate the global Soft Drink Industry Trends,owing to the increasing number of soft drinks consumers in this region. Also, low production cost due to easy availability of inexpensive technical labor, high disposable income, and high population are some of the driving factors of the market.Moreover, with the emergence of local players across countries, the competition among the global players have increased which is further propelling the market growth. Also, adoption of innovative packaging creates huge opportunities for the manufactures to increase their foothold.
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