Soft Drinks Packaging Market Size| COVID-19 Analysis Outlook and Future Scope
Soft Drinks Packaging Market Size Scenario
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.
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Competitive Dashboard
The prominent players operating the global Soft Drinks Packaging Market Size 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 Drinks Packaging Market Size has been segmented on the basis of material, packaging type, application, and region.
By mode of material, the global COVID-19 Analysis 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 Size has been segmented into bottle, box, cans, cartons, and others.
Regional Insights
Geographically, the Soft Drinks Packaging Market Size 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 Drinks Packaging Market Sizeowing 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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