Soft Drink Industry Trends| COVID-19 Impact, Analysis And Demand With Forecast To 2023

Soft Drink Industry Trends

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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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.

Competitive Dashboard

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.), and 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 material, the global Soft Drink Industry Trends 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.

By mode of packaging type, the global Soft Drink Industry Trends has been segmented into bottle, box, cans, cartons, and others.

Regional Insights

Geographically, the COVID-19 Impact 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 Trendsowing 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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